CMB Foundation
CMB Foundation is a private foundation established in 1986 and tax-exempt since July 1987. The foundation is headquartered in Mettawa, Illinois, with an additional address in Hobe Sound, Florida. As a 501(c)(3) organization, it operates as a grantmaking foundation focused on supporting educational, conservation, medical, civic, animal welfare, arts, medical research, humanitarian, and religious initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.1M
-3.6% YoY
Annual Giving
$272K
+30.3% YoY
Grant Count
78
+11.4% YoY
Avg Grant Size
$3K
+17.0% YoY
Mission & Focus Areas
The foundation primarily funds:
- Educational initiatives
- Conservation efforts
- Medical and medical research
- Civic engagement
- Animal welfare
- Support of the arts
- Humanitarian causes
- Religious initiatives
- Jupiter Island conservation
- Health equity leadership development
Grantmaking
The foundation made 73 grants in 2024, totaling $271,800 in giving. Typical grant awards range from $50,000 to $65,000.
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking focuses primarily on Illinois, Florida, and Connecticut. The foundation maintains offices in both Mettawa, Illinois and Hobe Sound, Florida.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total assets: $3,094,859
- Total revenues: $203,164
- Total expenses: $322,482
- Net income: -$119,318
- Total liabilities: $24,900
Revenue Breakdown (2024):
- Investment income and dividends: $76,966
- Net gain from sale of non-inventory assets: $126,198
- Contributions received: $0
Historical Trend:
The foundation's investment income increased 3.9% from 2023 to 2024, though gains from asset sales decreased 35.2% during the same period.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,094,859 | $3,211,420 | $3,171,528 |
| Revenue | $203,164 | $268,699 | $-13,242 |
| Expenses | $322,482 | $248,895 | $292,001 |
| Qualifying Distributions | $271,800 | $208,563 | $242,990 |
| Net Investment Income | $152,482 | $228,367 | $19,133 |
| Distributable Amount | $267,680 | $222,914 | $236,130 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Board Members:
- Roger I. Glass, MD, PhD – President
- Barbara Stoll – Executive Vice President
- Harvey V. Fineberg – President, Gordon and Betty Moore Foundation
- Keiji Fukuda – Former Director, School of Public Health, University of Hong Kong
- Margaret A. Hamburg – Co-President, The InterAcademy Partnership
- Fred Z. Hu – Chairman, Primavera Capital
- Joseph C. Kolars – Director, Strategic Development for Global Collaborations, University of Michigan
- J. Stephen Morrison – Senior Vice President and Director, Global Health Policy Center, CSIS
- Carin Pai – Executive Vice President & Head of Portfolio Management & Equities, Fiduciary Trust Company International
- Mark Sidel – Doyle-Bascom Professor of Law and Public Affairs, University of Wisconsin-Madison
- Suzanne E. Siskel – Former Executive Vice President and Chief Operating Officer, The Asia Foundation
- Jeffrey R. Williams – Corporate Director and Independent Consultant
- Wendy O'Neill
- Steve Morrison
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Charles M Brennan | Trustee | 1 | — |
| Mary Brennan | Trustee | 1 | — |
Recent News & Activity
Recent developments and announcements
The CMB Foundation operates The Equity Initiative, a program designed to nurture and develop health equity leaders in Southeast Asia. Also known as the Atlantic Fellows for Health Equity in Southeast Asia, this initiative is one of seven Atlantic Fellows programs globally and aims to cultivate the next generation of leadership through its fellowship program while building a collaborative community for promoting health equity in the region.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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