| FORM 990, PART III, LINE 4A, PART 1: |
THE CHICAGO COMMUNITY TRUST (THE TRUST) UNITES GENEROUS DONORS, COMMITTED NONPROFITS, AND CARING RESIDENTS TO EFFECT LASTING CHANGE THAT MOVES OUR ENTIRE REGION FORWARD. IN 2021, THE TRUST CONTINUED ITS COMMITMENT TO STRENGTHENING THE CHICAGO REGION BY MEETING RESIDENTS' IMMEDIATE NEEDS, SUCH AS THOSE RELATED TO THE HEALTH AND ECONOMIC IMPACT OF COVID-19, AND ADDRESSING THE ROOT CAUSES OF DEEP-SEATED ISSUES TO REALIZE A MORE PROSPEROUS FUTURE FOR ALL WHO CALL METROPOLITAN CHICAGO HOME. KEY ACCOMPLISHMENTS IN FISCAL YEAR 2021 THE TRUST'S STAFF AND MEMBERS OF THE EXECUTIVE COMMITTEE SPENT FISCAL 2021 CONTINUING TO EXECUTE ON OUR 10-YEAR STRATEGIC PRIORITIES AIMED AT CLOSING THE RACIAL AND ETHNIC WEALTH GAP, ADDRESSING CRITICAL NEEDS, AND CONNECTING PHILANTHROPY TO IMPACT. THIS 10-YEAR PLAN, LAUNCHED IN 2019, ALIGNS THE TRUST'S DISCRETIONARY GRANT MAKING AND INITIATIVES WITH THE GOAL OF OVERCOMING RACIAL AND ETHNIC WEALTH INEQUITY. BY GROWING HOUSEHOLD WEALTH, CATALYZING NEIGHBORHOOD INVESTMENT, BUILDING COLLECTIVE POWER, ADDRESSING CRITICAL NEEDS, ADVOCATING FOR POLICY CHANGE, AND CONNECTING PHILANTHROPY TO IMPACT, THE TRUST BELIEVES IT CAN REALIZE A REGION WHERE EQUITY IS CENTRAL AND OPPORTUNITY AND PROSPERITY ARE WITHIN REACH FOR ALL. IN 2021, THE TRUST MADE 351 DISCRETIONARY GRANTS TOTALING MORE THAN $30 MILLION TO ADVANCE ITS STRATEGIC PRIORITIES. THAT INCLUDES GRANTS MADE THROUGH FUNDING COLLABORATIVES IN WHICH THE TRUST PARTICIPATES. FOLLOWING ARE SOME HIGHLIGHTS OF HOW THE YEAR'S GRANT MAKING EMBRACED THE TRUST'S AIM TO BE A CHANGEMAKER, ADDRESSED THE PANDEMIC, AND ADVANCED ITS STRATEGIC PRIORITIES TO GROW HOUSEHOLD WEALTH, CATALYZE NEIGHBORHOOD INVESTMENT, BUILD COLLECTIVE POWER, AND ADDRESS CRITICAL NEEDS. GROWING HOUSEHOLD WEALTH THROUGH THIS STRATEGY, THE TRUST AIMS TO INCREASE THE SHARE IN ECONOMIC PROSPERITY FOR BLACK AND LATINX INDIVIDUALS AND FAMILIES. THROUGH TWO GRANT INITIATIVES--ONE FOCUSED ON EQUITABLE HOMEOWNERSHIP, THE OTHER ON EDUCATING TOMORROW'S WORKFORCE--THE TRUST IS SUPPORTING COHORTS OF REGIONAL CHANGEMAKERS IN TWO AREAS THAT ARE CRITICAL TO GROWING HOUSEHOLD WEALTH. THE TRUST MADE 12 GRANTS TOTALING $860,000 TO ORGANIZATIONS THAT PROVIDE HOUSING COUNSELING AND CASE MANAGEMENT SERVICES TO LOW- TO MIDDLE-INCOME BLACK AND LATINX FIRST-TIME HOMEBUYERS. RECIPIENTS OF THE PROTECTING & ADVANCING EQUITABLE HOMEOWNERSHIP GRANTS ARE COLLABORATING WITH ONE ANOTHER AND LAST YEAR'S GRANTEES TO EXAMINE HOMEOWNERSHIP WORK IN CHICAGO AND NATIONWIDE, SHARE BEST PRACTICES, AND DEVELOP RECOMMENDATIONS FOR PHILANTHROPIC INVESTMENTS. MANY OF THE ORGANIZATIONS IN THIS COHORT WORKED VERY HARD TO STEM THE FLOW OF FORECLOSURES FOLLOWING THE 2008 RECESSION. THE TRUST HAS BEEN SUPPORTING THEIR EFFORTS AS A COHORT TO IDENTIFY WHAT NEEDS TO BE DONE NEXT IN TERMS OF INCREASING AFFORDABLE HOUSING, STOPPING FORECLOSURES, AND SUPPORTING HOMEOWNERSHIP IN COMMUNITIES OF COLOR. THE FUND FOR EQUITABLE BUSINESS GROWTH, A FUNDING COLLABORATIVE THAT INCLUDES THE TRUST, MADE 20 GRANTS WORTH MORE THAN $22 MILLION TO BUSINESS SUPPORT ORGANIZATIONS. GRANT RECIPIENTS ARE ENGAGED IN PARTNERSHIPS THAT IMPROVE AND EXPAND ACCESS TO CAPITAL, SPECIALIZED BUSINESS CONSULTATION SERVICES, AND OTHER SUPPORTS FOR BLACK AND LATINX ENTREPRENEURS IN THE CHICAGO REGION. THE TRUST ALSO MADE A $175,000 GRANT TO THE SOUTHLAND DEVELOPMENT AUTHORITY, THROUGH THE FUND FOR EQUITABLE BUSINESS GROWTH, TO SUPPORT SMALL BUSINESSES IN THE REGION'S SOUTH SUBURBS. TOGETHER WITH KINSHIP FOUNDATION, THROUGH THE SEARLE FUNDS AT THE CHICAGO COMMUNITY TRUST, THE TRUST ALSO PROVIDED 31 GRANTS TOTALING $3.85 MILLION THROUGH BRIDGES TO BRIGHTER FUTURES, WHICH HELPS CREATE EQUITABLE ACCESS TO GOOD JOBS AND CONTINUED CAREER DEVELOPMENT. THESE GRANTS ARE HELPING BLACK, LATINX AND LOW-INCOME CHICAGOANS WHO HAVE EARNED A HIGH SCHOOL DIPLOMA OR GED TAKE THE NEXT STEP IN THEIR CAREER DEVELOPMENT. INCLUDED IN THE BRIDGES FUNDING WERE FIVE GRANTS TOTALING $885,000 TO IDENTIFY PROMISING PRACTICES IN WHAT'S KNOWN AS "MIDDLE SKILLS" CAREER PATHWAY DEVELOPMENT, SUCH AS EDUCATION AND WORKFORCE PROGRAMS THAT HELP WORKERS EARN CERTIFICATIONS THAT WILL INCREASE THEIR WAGES. THE TRUST PROVIDED TWO POLICY-RELATED GRANTS TO ADVANCE ITS GROWING HOUSEHOLD WEALTH STRATEGY, WHICH IS INTENDED TO INCREASE THE SHARE IN ECONOMIC PROSPERITY FOR BLACK AND LATINX INDIVIDUALS AND FAMILIES, INCLUDING A $50,000 GRANT SUPPORTING THE CITY OF CHICAGO'S OFFICE OF EQUITY AND RACIAL JUSTICE TO ADVANCE A COMMUNITY WEALTH BUILDING INITIATIVE. CATALYZING NEIGHBORHOOD INVESTMENT IN 2021, THE TRUST'S CATALYZING NEIGHBORHOOD INVESTMENT (CNI) STRATEGY MADE 84 GRANTS WORTH $7.8 MILLION TO ENSURE COMMUNITIES HAVE THE COMPONENTS NECESSARY TO ATTRACT, RETAIN, AND OWN CAPITAL INVESTMENT. THAT INCLUDES GRANTS MADE THROUGH THE PRE-DEVELOPMENT FUND, A FIRST-OF-ITS-KIND PROGRAM THAT PROVIDES BLACK AND LATINX DEVELOPERS WITH MAKE-OR-BREAK FUNDING DURING PREDEVELOPMENT--A PHASE OF ACTIVITIES BANKS DON'T FINANCE BUT ARE NECESSARY NEW DEVELOPMENT. WELL-ESTABLISHED DEVELOPERS TYPICALLY PAY FOR PREDEVELOPMENT ACTIVITIES OUT OF POCKET. THE TRUST'S PRE-DEVELOPMENT FUND COVERED THE EARLY-STAGE COSTS FOR 14 PROJECTS WITH GRANTS TOTALLY $1.056 MILLION IN 2021. IN ADDITION TO THE FUND, COMMUNITY DESK CHICAGO, AN INITIATIVE OF THE TRUST, BOSTON CONSULTING GROUP'S CENTER FOR ILLINOIS' FUTURE, AND JPMORGAN CHASE FOUNDATION, IS PROVIDING DEVELOPERS AND COMMUNITIES WITH ACCESS TO RESOURCES AND RELATIONSHIPS THAT WILL STRENGTHEN PROJECTS AND CREATE MORE DEVELOPMENT SUCCESS STORIES IN COMMUNITIES OF COLOR. OTHER CNI GRANTS SUPPORT THE BROADER COMMUNITY ECOSYSTEM THAT ENABLES DEVELOPMENT. THE FLEXIBLE FUNDING PROGRAM, WHICH PROVIDES FLEXIBLE DOLLARS TO BLACK AND LATINX-LED COMMUNITY-BASED ORGANIZATIONS, MADE 28 GENERAL OPERATING AND THREE CAPACITY BUILDING GRANTS TOTALING MORE THAN $1 MILLION. NEIGHBORHOOD INVESTMENT LEADERS LIKE AUSTIN COMING TOGETHER, EMERALD SOUTH ECONOMIC DEVELOPMENT CORPORATION, AND EIGHTEENTH STREET DEVELOPMENT CORP. WILL USE THE FUNDING TO INCREASE FINANCIAL STABILITY, INNOVATE, AND PARTICIPATE IN COLLABORATIVE EFFORTS TO HELP ATTRACT NEW INVESTMENT. AS PART OF THE CATALYZING NEIGHBORHOOD INVESTMENT STRATEGY TO REVITALIZE UNDER-INVESTED BLACK AND LATINX COMMUNITIES, THE TRUST IS PARTNERING WITH KINSHIP FOUNDATION AND THE SEARLE FUNDS ON A MULTI-YEAR INITIATIVE TO CREATE A RESILIENT LOCAL FOOD ECONOMY IN THE CHICAGO REGION. IN 2021, SOME 26 ORGANIZATIONS RECEIVED A TOTAL OF $4.08 MILLION FROM THE FOOD:LAND:OPPORTUNITY INITIATIVE TO PROVIDE INNOVATIVE WAYS TO GROW AND DISTRIBUTE FRESH PRODUCE AND HEALTHY FOOD WHILE CONSERVING LAND. ADVOCATING FOR POLICY CHANGE IN 2020, FOR THE FIRST TIME, THE TRUST ESTABLISHED ITS OWN POLICY AGENDA FOCUSED ON CLOSING THE WEALTH GAP WHILE SETTING NEAR-TERM, HIGH-IMPACT PRIORITIES FOR EQUITABLE ECONOMIC RECOVERY. IN FY2021, THE TRUST MADE SIX GRANTS TOTALING $455,000 TO SUPPORT POLICY ADVOCACY. THAT INCLUDES INAUGURAL GRANTS THROUGH THE OPEN CALL FOR IDEAS - ADVANCING POLICY. THE AIM OF THE OPEN CALL IS TO LEARN ABOUT AND SUPPORT POLICYMAKING DRIVEN BY THOSE WITH LIVED EXPERIENCE AND COMMUNITIES LEAST LIKELY TO HAVE A VOICE IN THE PROCESS THE OPEN CALL IS A FLEXIBLE FUNDING PROGRAM THAT ALLOWS THE TRUST TO BE RESPONSIVE TO POLICY WINDOWS IN FRONT OF THE CITY, COUNTY, OR STATE. FOR EXAMPLE, A $75,000 SUPPLEMENTAL GRANT TO ECONOMIC SECURITY FOR ILLINOIS SUPPORTED ITS EFFORTS, IN PARTNERSHIP WITH THE ILL. DEPARTMENT OF COMMERCE AND ECONOMIC OPPORTUNITY, ON THE LEGISLATIVELY MANDATED FUTURE OF WORK TASK FORCE. THIS TASK FORCE WAS CHARGED WITH EXAMINING THE SHIFTING NATURE OF WORK AND HOW STATE POLICY FRAMEWORKS SHOULD ADJUST TO THE NEEDS OF WORKERS TODAY. THE GOAL IS TO CREATE THE CONDITIONS FOR A STRONG ILLINOIS ECONOMY THAT SERVES THE CURRENT AND FUTURE NEEDS OF ILLINOISANS, INCLUDING HIGHER PAY, SAFER WORKING CONDITIONS, AND A MODERNIZED SOCIAL SAFETY NET. ADDRESSING CRITICAL NEEDS THROUGH THIS STRATEGY, THE TRUST IMPROVES THE OVERALL WELLBEING OF FAMILIES LIVING IN UNSTABLE OR UNSAFE CONDITIONS, ULTIMATELY HELPING THEM GAIN FIRMER FOOTING TO PARTICIPATE IN AND BENEFIT FROM THE REGION'S ECONOMIC PROSPERITY. IN 2021, THE TRUST FOCUSED THIS STRATEGY ON A PARTNERSHIP WITH THE ROCKEFELLER FOUNDATION TO PROVIDE MORE THAN $1.675 MILLION IN GRANTS TO 24 COMMUNITY-BASED ORGANIZATIONS FOR THE CHICAGOLAND VACCINE PARTNERSHIP. THE GRANTEES ARE PROVIDING COMMUNITY OUTREACH, STREET OUTREACH, AND VACCINATION EVENT SERVICES TO RESIDENTS IN NEIGHBORHOODS THAT HAVE BEEN DISPROPORTIONATELY IMPACTED BY COVID-19. FACEBOOK MADE A $1 MILLION DONATION TO THE TRUST AS PART OF ITS NATIONAL INITIATIVE TO SUPPORT BLACK COMMUNITIES. IN 2021, THE TRUST DIVIDED THIS FUNDING BETWEEN TWO EXISTING TRUST INITIATIVES: THE AFRICAN AMERICAN LEGACY (AAL) AFFINITY FUND AND UNITY FUND, A DONOR-LED INITIATIVE TO HELP THE MOST |
| FORM 990, PART III, LINE 4A, PART 2: |
FOLLOWING IS A SUMMARY OF COMPETITIVE GRANT MAKING PRIORITIES OF THE TRUST IN FY2021. IN FISCAL YEAR 2021 (OCTOBER 1, 2020 - SEPTEMBER 30, 2021), THE TRUST AWARDED OVERALL 644 GRANTS TOTALING MORE THAN $30 MILLION TO NONPROFIT ORGANIZATIONS. THE COMPETITIVE GRANT PROCESS IS DESIGNED PRIMARILY TO SELECT NONPROFITS WHOSE WORK ADDRESSES THE FOUR PRIORITIES IN THE 2018 STRATEGIC PLAN. ADDRESS CRITICAL NEEDS SUPPORT ESSENTIAL SERVICE ORGANIZATIONS THAT ARE ADDRESSING THE CRITICAL NEEDS OF INDIVIDUALS AND FAMILIES. PROTECTING THE RIGHTS OF IMMIGRANTS, ENDING HOMELESSNESS, AND PREVENTING VIOLENCE PROVIDE STABILITY TO INDIVIDUALS, FAMILIES AND COMMUNITIES THROUGHOUT THE REGION. TOTAL ADDRESS CRITICAL NEEDS GRANTS: $17,052,687 BUILD COLLECTIVE POWER ADVANCE RESIDENT-LED COMMUNITY ORGANIZING INITIATIVES, STRENGTHEN LOCAL MEDIA AND STORYTELLING PLATFORMS TO REFLECT AND AMPLIFY AUTHENTIC COMMUNITY NARRATIVES, AND SUPPORT COMMUNITY-INSPIRED, RESIDENT-DRIVEN CAMPAIGNS AND ACTIVITIES THAT ADVANCE A COMMUNITY AGENDA. TOTAL BUILD COLLECTIVE POWER GRANTS: $3,327,000 CATALYZE NEIGHBORHOOD INVESTMENT SPARK MORE FINANCIAL INVESTMENTS IN UNDERINVESTED BLACK AND LATINX COMMUNITIES BY CREATING CONDITIONS FOR COLLABORATIVE COMMUNITY INVESTMENT, COLLABORATING ON COMMUNITY INVESTMENT SOLUTIONS THAT STRENGTHEN PLACES, AND LEVERAGING FINANCE AND POLICY TO SUSTAIN COMMUNITY INVESTMENTS, TOTAL CATALYZE NEIGHBORHOOD INVESTMENT GRANTS: $2,281,000 GROW HOUSEHOLD WEALTH INCREASE ECONOMIC PROSPERITY FOR CURRENT AND FUTURE GENERATIONS OF BLACK AND LATINX INDIVIDUALS AND FAMILIES BY CREATING OPPORTUNITIES FOR HOUSEHOLDS TO INCREASE INCOMES, BUILD ASSETS AND REDUCE DEBTS, WHILE ADDRESSING THE SYSTEMIC STRUCTURES THAT CONTINUE TO PERPETUATE ECONOMIC INEQUALITY. TOTAL GROW HOUSEHOLD WEALTH GRANTS: $3,579,792 ARTS AND CULTURE INFUSE ARTS ORGANIZATIONS WITH THE RESOURCES TO TRULY REFLECT CHICAGO'S DIVERSITY. TO PROVIDE ARTS EDUCATION TO YOUNG PEOPLE, IN AND OUT OF SCHOOLS. TO BECOME MORE SUSTAINABLE, SERVING AS ENDURING ANCHORS IN THEIR NEIGHBORHOODS. WE SUPPORT PROGRAMS THAT MAKE DATA AND INFORMATION MORE AVAILABLE TO LEADERS AND RESIDENTS ALIKE, PROVIDING COMMON GROUND FOR CONVERSATION - AND CHANGE. TOTAL ARTS AND CULTURE GRANTS: $1,000,000 ORGANIZATIONAL COMMITMENTS SUPPORT THE TRUST'S GEOGRAPHIC AFFILIATES, AFFINITY FUNDS, AND PROFESSIONAL MEMBERSHIPS. TOTAL ORGANIZATIONAL COMMITMENTS GRANTS: $2,247,137 SPECIAL INITIATIVES FUND COVID-19 RESPONSE AND COMMUNITY INITIATIVES. TOTAL SPECIAL INITIATIVES GRANTS: $301,256 SPONSORSHIP SUPPORT SPONSOR PROGRAMMING AND FUNDRAISING EVENTS FOR NONPROFIT ORGANIZATIONS THROUGHOUT THE REGION, PRIORITIZING ORGANIZATIONS THAT ALIGN WITH THE TRUST'S MISSION OR WORK. TOTAL SPONSORSHIP SUPPORT GRANTS: $356,000 |
| FORM 990, PART III, LINE 4A, PART 1 (CONTINUED): |
VULNERABLE PEOPLE IN OUR COMMUNITIES TO THRIVE.IN TURN, AAL AND UNITY MADE SUB-GRANTS TO ORGANIZATIONS CREATING SOCIAL COHESION IN BLACK COMMUNITIES. THIS INCLUDED MAAFA REDEMPTION PROJECT TO SERVE HIGH-RISK YOUNG MEN AGES 18-30 AT THE RESIDENTIAL INSTITUTE IN WEST GARFIELD PARK, THROUGH SPIRITUAL LIFE COACHING, HOUSING, EMPLOYMENT TRAINING, ACADEMIC ENRICHMENT, AND WRAP-AROUND SOCIAL SERVICES, AND BRAVE SPACE ALLIANCE TO SUPPORT THE TRANS-LED LGBTQ CENTER, WHICH OFFERS AFFIRMING, CULTURALLY COMPETENT RESOURCES, PROGRAMMING, AND SERVICES FOR LGBTQ INDIVIDUALS ON CHICAGO'S SOUTH AND WEST SIDES. THE TRUST'S ADDRESSING CRITICAL NEEDS GRANTS TYPICALLY SUPPORT HUMAN SERVICES SUCH AS STABLE HOUSING, ACCESS TO HEALTHY FOOD, PUBLIC HEALTH PROGRAMS, AND SAFETY FROM VIOLENCE AND ABUSE. IN FY2021, THE TRUST PROVIDED $10 MILLION IN MULTI-YEAR GRANTS TO 84 ESSENTIAL SERVICE ORGANIZATIONS. THAT INCLUDES THE FIRST SYSTEMS AND POLICY INNOVATION GRANTS TO ORGANIZATIONS WORKING ON POLICY AND SYSTEMS CHANGES THAT WILL ENHANCE THE QUALITY AND SCALE OF THESE SERVICES IN OUR REGION. THE END GAME: MORE PEOPLE WHOSE OVERALL WELLBEING ENABLES THEM TO FULLY PARTICIPATE IN AND CONTRIBUTE TO ECONOMIC PROSPERITY. FOR EXAMPLE, A NUMBER OF GRANTS ARE SUPPORTING COALITION EFFORTS IN CHICAGO AND THE SUBURBS THAT ARE WORKING ACROSS SYSTEMS TO IMPROVE HOUSING OPPORTUNITIES. HOMELESSNESS AND HOUSING INSECURITY ARE DEEPLY INTERTWINED WITH KEY INDIVIDUAL AND FAMILY OUTCOMES SUCH AS ACCESS TO EDUCATION, JOBS, AND PREVENTATIVE HEALTHCARE. BY HELPING GROUPS THAT ADDRESS HOMELESSNESS ON THE GROUND CONNECT WITH POLICYMAKERS WHO CAN PULL LEVERS TO CREATE MORE AFFORDABLE HOUSING OPPORTUNITIES, THE TRUST IS GRANTING HOLISTIC SUPPORT FOR MORE STABLE HOUSING FOR EVERYONE IN OUR REGION. BUILDING COLLECTIVE POWER THE POINT OF THE TRUST'S BUILDING COLLECTIVE POWER STRATEGY IS THAT THERE ARE SO MANY PEOPLE WORKING ON THE ISSUES WE CARE ABOUT, AND THEY HAVE BEEN FOR A LONG TIME. THE VALUE OF THEM WORKING TOGETHER MORE EFFECTIVELY IS THAT TOGETHER WE CAN HAVE A GREATER IMPACT. IN 2021, THE TRUST AWARDED $235,000 TO THE CHICAGO MEDIA PROJECT TO ESTABLISH A CIVIC STORYTELLING FUND. THE GOALS ARE TO SUPPORT DOCUMENTARIANS OF COLOR WHO ARE AMPLIFYING IMPORTANT STORIES IN THEIR COMMUNITIES AND FOSTER A VIBRANT COMMUNITY OF FILMMAKERS OF COLOR IN CHICAGO. THE TRUST AWARDED NEARLY $1.95 MILLION IN GRANTS TO EFFORTS THAT ARE BUILDING THE POWER OF PEOPLE IN UNDER-RESOURCED AND UNDER-INVESTED COMMUNITIES. THE PEOPLE INITIATIVES FOSTER "COMMUNITIES OF PRACTICE" IN WHICH INDIVIDUALS AND ORGANIZATIONS DOING SIMILAR WORK--FOR EXAMPLE, WITH YOUTH IN THE ARTS--REGULARLY GATHER TO EXCHANGE STRATEGIES, SUPPORT ONE ANOTHER, AND IDENTIFY COLLECTIVE EFFORTS. IN ADDITION, THE TRUST MADE A $250,000 GRANT TO THE FIELD FOUNDATION MEDIA AND STORYTELLING INITIATIVE, WHICH AIMS TO STRENGTHEN THE DIVERSITY OF THE LOCAL MEDIA ECOSYSTEM WITH STRATEGIC SUPPORT TO AFRICAN, LATINX, ASIAN, ARAB, AND NATIVE AMERICAN (ALAANA) OUTLETS AND THE DEVELOPMENT OF INNOVATIVE MEDIA COLLABORATIONS. THE TRUST AWARDED SEVEN GRANTS TOTALING $990,000 TO ORGANIZATIONS THAT ARE HELPING BLACK AND LATINX COMMUNITIES SHAPE POLICY CHANGE THROUGH INCLUSIVE COMMUNITY ENGAGEMENT AND LEADERSHIP DEVELOPMENT. FOR EXAMPLE, THE TRUST MADE A THREE-YEAR FUNDING COMMITMENT OF $350,000 ANNUALLY TO THE WIEBOLDT FOUNDATION'S CAPACITY BUILDING ORGANIZING COHORT TO ALLOW COMMUNITY ORGANIZATIONS TO ADDRESS THE CHALLENGES IN THEIR COMMUNITIES WHILE ALSO BUILDING LASTING POWER. THE NEW INITIATIVE IS FOCUSED ON PROVIDING ESSENTIAL RESOURCES TO ENHANCE THE CIVIC ENGAGEMENT INFRASTRUCTURE AND CAPACITY OF A COHORT OF GRASSROOTS ORGANIZATIONS TO ACT AROUND THE NEEDS OF BOYS AND YOUNG MEN OF COLOR. ADDITIONAL GRANTS THE TRUST WAS THE PHILANTHROPIC PARTNER ADMINISTERING AND DISTRIBUTING GRANTS THROUGH THE HEALING ILLINOIS FUND, A STATEWIDE RACIAL HEALING INITIATIVE LED BY THE ILLINOIS DEPARTMENT OF HUMAN, WHICH PROVIDED SOME $4.5 MILLION VIA 206 GRANTS TO ORGANIZATIONS BEGINNING OR CONTINUING RACIAL HEALING AND ANTI-RACISM WORK IN ILLINOIS. THE COALITIONS FOR EQUITY IN WEALTH POLICY INITIATIVE MADE 20 GRANTS TOTALING $2.13 MILLION. THAT INCLUDES $1.245 MILLION IN RENEWAL GRANTS TO ORGANIZATIONS FUNDED IN 2020.BY SUPPORTING GROUPS OF CHANGEMAKERS WORKING TO SHAPE POLICIES THAT WILL IMPROVE THE LIVES OF BLACK AND LATINX RESIDENTS, THESE GRANTS CUT ACROSS THE TRUST'S ADVOCATING FOR POLICY CHANGE, GROWING HOUSEHOLD WEALTH, AND CATALYZING NEIGHBORHOOD INVESTMENTS STRATEGIES. WE RISE TOGETHER: FOR AN EQUITABLE & JUST RECOVERY IS A COALITION OF PUBLIC AND PRIVATE FUNDERS AND COMMUNITIES ACCELERATING EQUITY IN THE CHICAGO REGION'S ECONOMIC RECOVERY SO EVERYONE WHO LIVES HERE CAN REACH OUR FULL POTENTIAL. THESE PARTNERS SHARE ONE COMMON GOAL: TO ACCELERATE EQUITABLE ECONOMIC RECOVERY FOR BLACK AND LATINX COMMUNITIES BY POOLING AND DISTRIBUTING PHILANTHROPIC RESOURCES, RE-ENVISIONING BUSINESS PRACTICES, AND REFORMING POLICIES TO ENSURE OUR REGION INVESTS MORE EQUITABLY MOVING FORWARD. IN 2021, WE RISE TOGETHER MADE $8.7 MILLION IN GRANTS TO STRENGTHEN SMALL BUSINESSES AND SPUR TRANSFORMATIVE NEIGHBORHOOD INVESTMENT. WE RISE TOGETHER IS EXEMPLARY OF THE UNIFIED APPROACH MANY REGIONAL FUNDERS ARE TAKING IN THE WAKE OF THE PANDEMIC AND RACIAL UNREST. IT IS ALSO EXEMPLARY OF THE TRUST'S GOAL OF ENGAGING THE PRIVATE SECTOR--NOT ONLY BY PARTNERING WITH CORPORATIONS' PHILANTHROPIES, BUT ALSO BY ENGAGING CORPORATE LEADERS IN MAKING BUSINESS DECISIONS THAT WILL HAVE A SIGNIFICANT IMPACT ON THE REGION'S WEALTH GAP. IN FY21, MORE THAN $37.2 MILLION WAS COMMITTED TO WE RISE TOGETHER. THE EFFORT CONTINUES TO TAKE DONATIONS AND MAKE GRANTS. |
| FORM 990, PART VI, SECTION A, LINE 2 |
MANY OF OUR BOARD MEMBERS SERVE ON THE BOARD OF ORGANIZATIONS THAT RECEIVE GRANTS FROM THE CHICAGO COMMUNITY TRUST. BOARD MEMBERS ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY OF THE TRUST AND COMPLETE A QUESTIONNAIRE ANNUALLY WHICH DISCLOSES ANY AFFILIATIONS. BOARD MEMBERS ARE REQUIRED TO DISCLOSE TRANSACTIONS THAT MAY RESULT IN OR REPRESENT A CONFLICT OF INTEREST. |
| FORM 990, PART VI, SECTION A, LINE 7A |
AS OF 9/30/21, THE GOVERNING BOARD OF THE TRUST HAD 15 MEMBERS AND 2 VACANCIES. OF THE SEVENTEEN MEMBERS, TWO MEMBERS ARE CURRENTLY APPOINTED BY THE GOVERNING BOARD OF THE TRUST (2). TEN MEMBERS ARE APPOINTED BY PUBLIC OR QUASI-PUBLIC OFFICIALS: THE MAYOR OF CHICAGO (2), THE PRESIDING JUDGE OF THE PROBATE DIVISION OF THE CIRCUIT COURT OF COOK COUNTY (2), THE CHIEF JUDGE OF THE UNITED STATES DISTRICT COURT OF THE NORTHERN DISTRICT OF ILLINOIS (2), THE PRESIDENTS OF THE UNIVERSITY OF CHICAGO (1) AND NORTHWESTERN UNIVERSITY (1), CHANCELLOR OF THE UNIVERSITY OF ILLINOIS AT CHICAGO (1) AND THE LAY PRESIDING OFFICER OF THE UNITED WAY OF CRUSADE OF MERCY OF CHICAGO (1). THE REMAINING FIVE MEMBERS ARE APPOINTED BY THE TRUSTEE'S COMMITTEE, WHICH IS COMPRISED OF THE CHIEF EXECUTIVE OFFICERS OF THE TRUSTEE BANKS WHICH HOLD THE ASSETS OF THE TRUST (5). |
| FORM 990, PART VI, SECTION B, LINE 11B |
THE FORM 990 IS PREPARED BY THE CONSULTING FIRM RSM US, LLP. IT IS REVIEWED BY THE VICE PRESIDENT OF FINANCE/CFO AND GENERAL COUNSEL ON STAFF. A REVIEW IS ALSO CONDUCTED BY EXTERNAL COUNSEL ON ALTERNATE YEARS. PRIOR TO FINAL FILING, THE RETURN IS PRESENTED TO THE AUDIT AND RISK COMMITTEE. ONCE ACCEPTED BY THE COMMITTEE, IT IS SIGNED AND FILED WITH THE IRS. PRIOR TO FILING, THE RETURN IS SHARED WITH THE FULL EXECUTIVE COMMITTEE/BOARD OF DIRECTORS OF THE CHICAGO COMMUNITY TRUST AND THE CHICAGO COMMUNITY FOUNDATION. |
| FORM 990, PART VI, SECTION B, LINE 12C |
THE GENERAL COUNSEL & SECRETARY REQUEST ANNUALLY A WRITTEN LIST FROM MEMBERS OF THE EXECUTIVE COMMITTEE AND NONMEMBERS OF THE EXECUTIVE COMMITTEE WHO SERVE ON COMMITTEES OF THE EXECUTIVE COMMITTEE THAT ASKS MEMBERS TO DISCLOSE THE CORPORATIONS, PARTNERSHIPS, PROPRIETORSHIPS AND OTHER BUSINESS ENTERPRISES OF WHICH THE MEMBER OR HIS OR HER SPOUSE OR LEGAL PARTNER IS AN OFFICER, DIRECTOR, PARTNER OR SUBSTANTIAL STOCKHOLDER OR OWNER AND WHICH HAVE OR MIGHT REASONABLY BE EXPECTED TO HAVE BUSINESS OR FINANCIAL DEALINGS WITH THE CHICAGO COMMUNITY TRUST. IN CIRCUMSTANCES WHERE A POSSIBLE BUSINESS OR FINANCIAL CONFLICT ARISES, THE MEMBER OF THE COMMITTEE SHOULD DISCLOSE THE POSSIBLE CONFLICT AT THE MEETING AT WHICH THE ACTION OR BUSINESS DEALING IS CONSIDERED AND SHALL ABSTAIN FROM VOTING. IN ADDITION EACH MEMBER ALSO SUBMITS A LIST OF THE TAX-EXEMPT, CHARITABLE AND EDUCATIONAL AGENCIES OF WHICH THE MEMBER OR HIS OR HER SPOUSE OR LEGAL PARTNER IS AN OFFICER, DIRECTOR TRUSTEE OR EMPLOYEE. BASED ON SUCH LISTS, THE GRANT RESOLUTION SENT TO THE EXECUTIVE COMMITTEE WOULD DISCLOSE THE EXISTENCE OF ANY INTERRELATIONSHIP. |
| FORM 990, PART VI, SECTION B, LINE 15 |
THE COMPENSATION OF THE PRESIDENT AND CEO (OF THE CHICAGO COMMUNITY TRUST) IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS, BASED ON A RECOMMENDATION FROM THE NOMINATION AND GOVERNANCE COMMITTEE. AS PART OF THE PROCESS, THE COMMITTEE PREPARES A WRITTEN APPRAISAL WITH INPUT FROM ALL OF THE BOARD MEMBERS. IN ADDITION, THE COMMITTEE REVIEWS VARIOUS SURVEY DATA AND OTHER COMPARABLE COMPENSATION DATA FOR SIMILAR POSITIONS. THE COMMITTEE REPORTS THE RESULTS OF THE WRITTEN PERFORMANCE APPRAISAL AND THEIR RECOMMENDATION TO THE FULL BOARD OF DIRECTORS DURING AN EXECUTIVE SESSION AT THE LAST COMMITTEE MEETING OF THE YEAR. AFTER REVIEW AND DISCUSSION, THE BOARD OF DIRECTORS APPROVES A COMPENSATION PACKAGE FOR THE PRESIDENT AND CEO. IN ADDITION TO REVIEWING THE ANNUAL COMPENSATION OF THE PRESIDENT AND CEO, THE BUDGET AND COMPENSATION COMMITTEE OF THE TRUST REVIEWS THE ANNUAL COMPENSATION OF KEY EMPLOYEES COMPARING COMPENSATION WITH RELEVANT COMPARABLE SURVEY AND COMPENSATION DATA. THE COMMITTEE REPORTS THE RESULTS OF THE WRITTEN PERFORMANCE APPRAISAL AND THEIR RECOMMENDATION TO THE FULL BOARD OF DIRECTORS DURING AN EXECUTIVE SESSION AT THE LAST COMMITTEE MEETING OF THE YEAR. |
| FORM 990, PART VI, SECTION C, LINE 19 |
DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC AS REQUESTED. |
| FORM 990, PART XI, LINE 9: |
GAIN ON BENEFICIAL INTEREST IN CHARITABLE PERPETUAL TRUSTS 7,762,524. GAIN IN BENEFICIAL INTEREST IN CHARITABLE TERM TRUSTS 89,420,788. CHANGE IN VALUE OF CHARITABLE GIFT ANNUITY AND LIFE INSURANCE POLICY -30,560. CHANGE IN VALUE OF ILLIQUID ASSETS 75,607,960. |
Attach to Form 990 or 990-EZ.