Northern Trust Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $82.0M in total assets. In 2024, it awarded 1 grants totaling $3.3M. Net investment income was $74.1M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$82.0M
+561.9% YoY
Annual Giving
$3.3M
+31.9% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$3.3M
+31.9% YoY
Under IRS private-foundation payout rules, Northern Trust Foundation reported a distributable amount of $920K for 2024 — the minimum it must pay out in qualifying distributions.
About Northern Trust Foundation
Based on IRS filings
Northern Trust Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $82.0M in total assets. In 2024, it awarded 1 grants totaling $3.3M. Net investment income was $74.1M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $82,016,502 | $12,391,002 | $11,283,703 |
| Revenue | $74,315,109 | $3,645,649 | $7,102,470 |
| Expenses | $4,710,194 | $2,538,350 | $3,995,285 |
| Qualifying Distributions | $3,339,015 | $2,531,845 | $3,995,235 |
| Net Investment Income | $74,115,967 | $650,377 | $134,968 |
| Distributable Amount | $920,351 | $617,107 | $501,635 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Open Grants
1 open opportunity from Northern Trust Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include See Attached ($3,339,000).
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL G O'GRADY | DIRECTOR | 5 | — |
| STEVEN L FRADKIN | DIRECTOR | 5 | — |
| CONNIE L LINDSEY | DIRECTOR | 5 | — |
| KELLY M MANNARD | DIRECTOR/PRESIDENT | 5 | — |
| SHANA HAYES | DIRECTOR/SECRETARY | 5 | — |
| LAUREN ALLNUTT | TREASURER | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Northern Trust Foundation?
Northern Trust Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. It holds $82.0M in total assets as of 2024.
How large is Northern Trust Foundation?
As of 2024, Northern Trust Foundation holds $82.0M in total assets with $74.3M in annual revenue. It awarded 1 grants totaling $3.3M in 2024.
Where does Northern Trust Foundation operate?
Northern Trust Foundation has awarded grants in Illinois.
What size grants does Northern Trust Foundation award?
In 2024, Northern Trust Foundation awarded 1 grants totaling $3.3M — an average of about $3.3M per grant, based on its IRS Form 990 filings.
How much is Northern Trust Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Northern Trust Foundation reported a distributable amount of $920K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Northern Trust Foundation's EIN?
Northern Trust Foundation's EIN (Employer Identification Number) is 84-2220090. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Northern Trust Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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