Grant Thornton Foundation
The Grant Thornton Foundation is a corporate foundation based in Chicago, Illinois, established in 2007. It operates as a 501(c)(3) private grantmaking foundation with tax-exempt status granted in November 2007. The foundation's primary focus is on supporting educational institutions and organizations working toward racial justice and equality.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$330K
-8.3% YoY
Annual Giving
$430K
-10.3% YoY
Grant Count
10
-33.3% YoY
Avg Grant Size
$43K
+34.5% YoY
Mission & Focus Areas
The foundation supports organizations involved with higher education. Its primary funding interests include:
- Educational institutional support
- General support to nonprofit organizations
- Promoting racial justice and equality
- Scholarship support
Grantmaking
In fiscal year 2023, the foundation made 10 grants to various organizations. Notable recent grants include:
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Geographic Focus
Where this funder awards grants
The foundation is based in Chicago, Illinois, with a primary address at 171 N Clark Street, Suite 200, Chicago, IL 60601.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Fiscal Year 2023 (ending July 2023):
- Total Revenues: $418,368
- Total Expenses: $448,038
- Total Assets: $329,545
- Total Liabilities: $1,000
- Number of Employees: 0
The foundation's expenses exceeded revenues in 2023, with expenses of $448,038 against revenues of $418,368.
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $329,545 | $359,215 | $696,333 |
| Revenue | $418,368 | $154,557 | $109,297 |
| Expenses | $448,038 | $491,675 | $295,712 |
| Qualifying Distributions | $448,038 | $491,675 | — |
| Net Investment Income | — | — | — |
| Distributable Amount | $9,254 | $22,626 | $35,134 |
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
134 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MIKE MONAHAN | DIRECTOR / CHAIRMAN | 1 | — |
| RASHADA WHITEHEAD | DIRECTOR | 1 | — |
| SETH SIEGEL | DIRECTOR | 1 | — |
| DANILSA LOPEZ | DIRECTOR | 1 | — |
| MUHAMMAD BHAYAT | DIRECTOR | 1 | — |
| KEVIN ZUBOR | DIRECTOR / TREASURER | 1 | — |
| NEETA D'SILVA | NON-DIRECTOR SECRETARY | 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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