Chicago Cred Inc
Chicago Cred Inc is a private foundation based in Chicago, Illinois, and an anti-gun violence organization founded in 2016 by Arne Duncan. It supports efforts to reduce gun violence in Chicago through direct services, partnerships, and policy work.
Chicago Cred Inc at a glance
In short: Chicago Cred Inc gave $11.9M across 45 grants in 2024 (avg $265K), mostly in Illinois. 42% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $11,944,237
- +24.2% vs 2023
- Grants made (2024)
- 45
- +60.7% vs 2023
- Average grant
- $265,427
- -22.7% vs 2023
- Median grant
- $50,000
- Total assets
- $34,024,196
- -27.2% vs 2023
- New grantees (estimate)
- 42% first-time grantees (19 of 45, 2024)
- Primary geography
- Illinois (99% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Chicago Cred Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
Chicago Cred Inc makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: C/O Vistria 300 E Randolph, Chicago, IL 60601
Phone: (312) 626-1101
Website: https://chicagocred.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Chicago Cred Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was The Chicago Community Foundation ($3.8M). Together the top 10 received $10.1M.
Grant Size Distribution
155 grants across all recorded years
The most common grant size was under $50K: 48 grants of 155 (31%).
Geographic Focus
Where this funder awards grants
Chicago CRED describes its work as focused on South and West Side communities in Chicago. In 2024, 99% of its grant dollars went to recipients in Illinois.
Grant Distribution by State
Share of 2024 grant dollars across all 45 itemized grants.
Cities
Is Chicago Cred Inc open to new grantees?
42%
first-time grantees, 2024
In 2024, 19 of 45 grantees (42%) were first-time recipients. First grants averaged $46K; repeat grants $425K. How we count
Medians: $50K first-time, $75K repeat.
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $9.1M (2021) to $11.9M (2024). In 2024 it made 45 grants totaling $11.9M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Chicago Community Foundation Chicago, IL | General Support | $3,800,000 |
| Youth Peace Center Chicago, IL | General Support | $1,523,877 |
| Metropolitan Family Services Chicago, IL | General Support | $1,436,008 |
| New Mount Pilgrim Missionary Baptist Church Chicago, IL | General Support | $813,091 |
| Target Area Devcorp Chicago, IL | General Support | $583,765 |
| Inner City Muslim Action Network Chicago, IL | General Support | $500,000 |
| Institute For Non-Violence Chicago Chicago, IL | General Support | $483,000 |
| Alliance Of Local Service Organizations Chicago, IL | General Support | $376,688 |
| Black Men United Chicago, IL | General Support | $347,549 |
| Together Chicago Chicago, IL | General Support | $250,482 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income |
|---|---|---|---|---|---|---|---|
| 2024 | $34,024,196 | $26,073,803 | $36,314,414 | $11,944,237 | 45 | $37,147,914 | — |
| 2023 | $46,759,453 | $56,990,213 | $33,370,210 | $9,613,683 | 28 | $32,791,535 | $74,068 |
| 2022 | $20,568,305 | $29,665,830 | $34,196,858 | $9,748,833 | 32 | $31,701,447 | $218,804 |
| 2021 | $17,202,053 | $26,234,950 | $28,475,603 | $9,060,577 | 30 | $30,804,520 | $169,817 |
| 2020 | $16,336,652 | $35,048,643 | $27,219,097 | $10,496,340 | 20 | — | $132,000 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
Chicago CRED describes its work as a holistic approach to reducing gun violence. Its stated activities include life stabilization, resources for strategic violence reduction, policy solutions, and job-readiness training for at-risk young men in Chicago who are out of work and out of school. The organization also describes street outreach, trauma care, counseling, education, and job training as parts of its model.
Its 2024 grants included organizations whose missions address violence prevention and community well-being. For example, the Institute for Nonviolence Chicago says it works to end cycles of violence, build peace, and restore justice; Alliance of Local Service Organizations says it partners with people living at risk of violence to promote safer streets and homes; and Together Chicago says it works to reduce gun violence and increase thriving communities.
Grantmaking
In 2024, Chicago Cred Inc reported 45 grants totaling $11,944,237. Grant amounts ranged from $2,000 to $3,800,000, with a median of $50,000.
The largest grants included $3,800,000 to The Chicago Community Foundation, $1,523,877 to Youth Peace Center, and $1,436,008 to Metropolitan Family Services. Other notable awards were $813,091 to New Mount Pilgrim Missionary Baptist Church, $583,765 to Target Area Devcorp, and $500,000 to Inner City Muslim Action Network. The listed grants were generally designated for general support.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Arne Duncan as president; Laurene Powell Jobs as secretary/treasurer; and John W Rogers Jr, Andrew Crown, Dr Selwyn Rogers, and Robert Hamada as directors.
Chicago Cred Inc is led by Arne Duncan, President since 2021 (on filings since 2020); none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Arne Duncan
President
Director Treasurer & Secretary → President, 2021
On filings since 2020
60 hrs/week
No compensation reported
John W Rogers Jr.
Director
On filings since 2020
1 hr/week
No compensation reported
Andrew Crown
Director
On filings since 2022
1 hr/week
No compensation reported
Selwyn Rogers
Director
On filings since 2023
1 hr/week
No compensation reported
Robert Hamada
Director
New on the 2024 filing
1 hr/week
No compensation reported
Laurene Powell Jobs
Secretary & Treasurer
Director → Secretary & Treasurer, 2021
On filings since 2020
1 hr/week
No compensation reported
Former officers (4)
- Former: Susan Lee (2020–2021) — Chief of Strategy & Policy
- Former: Leo Smith (2021) — Board of Director & Secretary of A Disregarded Entity Owned By the Foundation
- Former: Rahul Pasarnikar (2021) — President of A Disregarded Entity Owned By the Foundation
- Former: David Snyder (2020) — Chief Operating Officer
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Chicago Cred Inc
How much does Chicago Cred Inc give each year?
Chicago Cred Inc gave $11.9M across 45 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $9.6M across 28 grants.
What is Chicago Cred Inc's typical grant size?
Chicago Cred Inc's median grant in 2024 was $50,000, and its average grant was $265,427, across 45 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Chicago Cred Inc that year got $46K on average.
Where does Chicago Cred Inc give grants?
Chicago Cred Inc gives mostly in Illinois: 99% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Chicago, IL (38 grants).
Does Chicago Cred Inc give general operating support?
Yes: 100% of Chicago Cred Inc's 2024 grants with a stated purpose (45 of 45) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Chicago Cred Inc's largest grantees?
Chicago Cred Inc's largest 2024 grantees include The Chicago Community Foundation ($3,800,000), Youth Peace Center ($1,523,877) and Metropolitan Family Services ($1,436,008), according to its 2024 IRS Form 990-PF. Together they received 57% of its itemized 2024 grant dollars.
How large is Chicago Cred Inc?
Chicago Cred Inc reported $34.0M in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $26.1M.
What does Chicago Cred Inc fund?
Chicago CRED describes its work as a holistic approach to reducing gun violence. Its stated activities include life stabilization, resources for strategic violence reduction, policy solutions, and job-readiness training for at-risk young men in Chicago who are out of work and out of school. See mission & focus areas ↑
How do I apply for a grant from Chicago Cred Inc?
Chicago Cred Inc makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Chicago Cred Inc's EIN?
Chicago Cred Inc's EIN (Employer Identification Number) is 81-3130448. IRS Form 990 filing data is available on this page for 2020–2024.
Does Chicago Cred Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Chicago Cred Inc funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/chicago-cred-inc-morg_626b20941f7f426f859b4add05a2769b
BibTeX
@misc{grantable_813130448_2026,
author = {{Grantable}},
title = {{Chicago Cred Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/chicago-cred-inc-morg_626b20941f7f426f859b4add05a2769b},
note = {Accessed 2026-10-16. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Chicago Cred Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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