The Joseph B Glossberg Foundation
The Joseph B Glossberg Foundation is a private independent foundation established in 1997 and based in Chicago, Illinois. The foundation operates as a 501(c)(3) organization classified as a private foundation under the National Taxonomy of Exempt Entities (NTEE). It functions as a grantmaking foundation supporting various charitable causes through philanthropic contributions.
Key facts about The Joseph B Glossberg Foundation
- EIN
- 36-4119754
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $180,563
- Grants made (2024)
- 68
- Average grant
- $2,655
- Median grant
- $1,000
- New grantees (estimate)
- 23% first-time grantees (15 of 65, 2024)
- Primary geography
- Illinois (62% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The Joseph B Glossberg Foundation funds
By grant dollars, the top recipient states for The Joseph B Glossberg Foundation's 68 itemized 2024 grants were Illinois (62%), Pennsylvania (17%) and Ohio (6%). The most frequent recipient cities were Chicago, IL (26 grants), Washington, DC (8 grants), Philadelphia, PA (7 grants) and New York, NY (3 grants). None of its 68 grants with a stated purpose were described as general or operating support. Recurring purposes include "Donation" (68 grants).
Is The Joseph B Glossberg Foundation open to new grantees?
23%
first-time grantees, 2024
In 2024, 15 of 65 grantees (23%) were first-time recipients. First grants averaged $1K; repeat grants $3K. How we count
Medians: $1K first-time, $1K repeat.
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The Joseph B Glossberg Foundation
- How to evaluate The Joseph B Glossberg Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$181K
-1.7% YoY
Grant Count
68
-26.9% YoY
Avg Grant Size
$3K
+34.4% YoY
Mission & Focus Areas
The foundation gives primarily for:
- Higher education
- The humanities
- Athletic programs
- Libraries
- Youth music education
- Music programs
- Human services
Grantmaking
The foundation made 82 grants in 2024. Recent grants include:
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Illinois, with particular emphasis on Chicago-based institutions. However, grants extend beyond Illinois, as evidenced by support for the University of Pennsylvania.
Grant Distribution by State
Share of all 68 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
2024 Financial Summary
| Metric | Amount |
|---|---|
| Total Revenue | $205,605 |
| Total Expenses | $184,794 |
| Net Income | $20,811 |
| Total Assets | $157,175 |
| Total Liabilities | $0 |
Revenue Breakdown (2024)
| Source | Amount |
|---|---|
| Grants and contributions | $177,327 |
| Investment income and dividends | $1,681 |
| Net gain from sale of non-inventory assets | $26,597 |
Year-over-Year Comparison (2023-2024)
- Grants and contributions increased 18.2% (from $150,000 in 2023 to $177,327 in 2024)
- Investment income declined 37% (from $2,667 in 2023 to $1,681 in 2024)
Historical Assets
The foundation's assets have fluctuated over time. As of 2003, total assets were valued at $4,168,000, indicating significant changes in asset levels over the past two decades.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
351 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Chicago Symphony Orchestra ($25,000), Merit School of Music ($25,000), University of Pennsylvania ($20,750 across 3 grants).
| Recipient | Purpose | Amount |
|---|---|---|
| CHICAGO SYMPHONY ORCHESTRA Chicago, IL | DONATION | $25,000 |
| MERIT SCHOOL OF MUSIC Chicago, IL | DONATION | $25,000 |
| UNIVERSITY OF PENNSYLVANIA Philadelphia, PA | DONATION | $17,250 |
| JAZZ INSTITUTE OF CHICAGO Chicago, IL | DONATION | $11,100 |
| CLEVELAND CLINIC Cleveland, OH | DONATION | $10,000 |
| CATO INSTITUTE Washington, DC | DONATION | $5,000 |
| JUF Chicago, IL | DONATION | $5,000 |
| KNOX Galesburg, IL | DONATION | $5,000 |
| KRAVIS CENTER FOR THE PERFORMING ARTS West Palm Beach, FL | DONATION | $5,000 |
| NORTHWESTERN HOSPITAL FOUNDATION Chicago, IL | DONATION | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Joseph B. Glossberg — Founder and Library Overseer
Joseph B. Glossberg is a Wharton School alumnus (Bachelor's degree 1963, MBA 1965) and general partner at Gofen & Glossberg, Inc., an investment counseling firm he joined in 1965. He has served on multiple boards including:
- Chicago Symphony Orchestra
- Jazz Institute of Chicago
- Merit School of Music
- University of Pennsylvania Board of Trustees (10 years) and Investment Board (17 years)
- Knox College Board of Trustees (12+ years)
Glossberg created the Joseph B. Glossberg Fund at the University of Pennsylvania Libraries to support music collection development, with particular focus on jazz recordings. He also funded the Lippincott Library seminar room at Penn, which bears his name.
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Joseph B Glossberg | President, Treasurer, Dir. | 0.4 | — |
| Madeline KB Glossberg | Secretary, Vice-Pres, Dir. | 0.01 | — |
| John C Stiefel | Vice-President, Director | 0.01 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Joseph B Glossberg Foundation fund?
The foundation gives primarily for: • Higher education • The humanities • Athletic programs • Libraries • Youth music education • Music programs • Human services
How do I apply for a grant from The Joseph B Glossberg Foundation?
The foundation made 82 grants in 2024. Recent grants include: | Grantee | Amount | Year | |---------|--------|------| | Merit School of Music | $25,000 | 2024 | | Chicago Symphony Orchestra | $25,000 | 2024 | | University of Pennsylvania | $17,250 | 2024 | Total grants distributed in 2024 reached $133,854 (with 37 additional grants beyond those listed above). Grants are structured as donations to recipient organizations. The foundation demonstrates consistent support for educational institution…
Where does The Joseph B Glossberg Foundation make grants?
The foundation primarily funds organizations in Illinois, with particular emphasis on Chicago-based institutions. However, grants extend beyond Illinois, as evidenced by support for the University of Pennsylvania.
What size grants does The Joseph B Glossberg Foundation award?
In 2024, The Joseph B Glossberg Foundation awarded 68 grants totaling $181K — an average of about $3K per grant, based on its IRS Form 990 filings.
What is The Joseph B Glossberg Foundation's EIN?
The Joseph B Glossberg Foundation's EIN (Employer Identification Number) is 36-4119754. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.