Illinois Tool Works Foundation
The Illinois Tool Works Foundation is a private foundation based in Glenview, Illinois, incorporated in 1954. It serves as the philanthropic vehicle of Illinois Tool Works (ITW), a global multi-industry manufacturing company founded in 1912. The foundation operates with a decentralized, entrepreneurial approach that empowers employees to direct charitable giving in their local communities.
Financial Overview
From 2022 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$8.7M
-8.7% YoY
Grant Count
4
-94.3% YoY
Avg Grant Size
$2.2M
+1497.9% YoY
Mission & Focus Areas
The foundation supports programs designed to promote education and arts and culture. Its primary funding priorities include:
- Education: Particular emphasis on STEM education and after-school programs for at-risk students
- Community Development: Support for causes where ITW employees are philanthropically involved
- Arts and Culture: Cultural programming and initiatives
The foundation has historically demonstrated a commitment to employee engagement in philanthropy, providing grants for every service hour employees complete at approved organizations of their choice and offering one of the most generous matching programs in the country.
Grantmaking
Grant Range
s**: Typical awards range from $600 to $5,183,040.
How to Apply
**: The foundation reviews unsolicited requests for funding when accompanied by an application form. Grantseekers are encouraged to reach out directly to discuss grant eligibility, availability, and the application process, as application materials are not currently available on the company website.
Ready to take the next step with Illinois Tool Works Foundation?
Geographic Focus
Where this funder awards grants
The foundation's charitable grants remain concentrated primarily in:
- Illinois (particularly Chicago and the state broadly)
- Minnesota
- South Carolina
While ITW operates globally, the foundation's philanthropic work has historically been concentrated in Illinois, with a notable commitment to supporting education and community development in the state.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
2022 Financial Data:
- Total Assets: $0
- Total Giving: $8,667,956
- Revenue: $8.34 million
- Expenses: $8.67 million
- Total Liabilities: $0
The foundation has filed Form 990 tax returns annually from 2011 through 2022.
| Metric | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2022
Grant Size Distribution
104 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 2022 IRS filing
From 2022 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KATIE LAWLER | PRESIDENT | 0.1 | — |
| ROSEMARY MATZL | SECRETARY | 0.1 | — |
| MICHAEL LARSEN | DIRECTOR | 0.1 | — |
| CHRIS O'HERLIHY | DIRECTOR | 0.1 | — |
| E SCOTT SANTI | DIRECTOR | 0.1 | — |
| JENNIFER SCHOTT | DIRECTOR | 0.1 | — |
Recent News & Activity
Recent developments and announcements
The foundation filed a final return as of 2022, indicating a significant change in its operational status. The foundation has provided ongoing support to notable education initiatives, including Chicago's ITW David Speer Academy, a public charter high school.
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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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