Conduit Foundation is a private foundation based in Chicago, Illinois, established in 2003. The organization operates as a 501(c)(3) tax-exempt entity and functions primarily as a grantmaking foundation.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$506K
-84.6% YoY
Annual Giving
$26.1M
+198.9% YoY
Grant Count
16
-5.9% YoY
Avg Grant Size
$1.6M
+217.6% YoY
Mission & Focus Areas
The foundation's mission centers on giving primarily for Jewish education and organizations, with additional funding directed toward medical school support.
Grantmaking
Conduit Foundation demonstrates significant grantmaking activity relative to its asset base. In 2023, the foundation made 17 grants with total giving of $26,059,523. Grant sizes range from $25,000 to $6,018,000.
Grant Range
s range from $25,000 to $6,018,000.
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Geographic Focus
Where this funder awards grants
The foundation funds projects across multiple U.S. locations and states, including Washington D.C., the U.S. Virgin Islands, New York, Pennsylvania, California, and Connecticut. Specific cities where funding has been directed include Brooklyn, New York City, Los Angeles, and St. Thomas.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $506,000
- Total Revenue: $23,304,184
- Total Expenses: $26,092,523
- Total Grants Awarded: $26,059,523
Revenue Breakdown (2023):
- Grants and contributions: $21,630,000
- Investment income and dividends: $1,649,681
- Miscellaneous revenues: $24,503
The foundation's expense ratio is 112.0% of total revenue, indicating that expenses exceed annual revenue. Total assets increased 2.6% from the previous year.
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $506,000 | $3,294,339 | $3,365,161 |
| Revenue | $23,304,184 | $8,688,779 | $7,119,515 |
| Expenses | $26,092,523 | $8,759,600 | $7,200,110 |
| Qualifying Distributions | $26,092,523 | $8,759,600 | $7,200,110 |
| Net Investment Income | $1,674,184 | $17,279 | $64,415 |
| Distributable Amount | $3,437 | $2,499 | $2,768 |
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 2023
Grant Size Distribution
70 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
William M Doyle is identified as associated with the foundation. David A Messer is noted as a supporter of the organization.
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM M DOYLE JR | V.P, SEC. & TREAS. | 1 | — |
| DAVID A MESSER | PRESIDENT | 1 | — |
| DAVID B BRAINSON | EXECUTIVE DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
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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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