The Ulta Beauty Charitable Foundation is a 501(c)(3) public charity affiliated with Ulta Beauty, the nation's largest beauty retailer. Based in Bolingbrook, Illinois, the foundation was established in September 2016 and is committed to making a positive impact by supporting the well-being of women and teens in under-resourced communities across the United States.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$3.0M
-71.0% YoY
Annual Giving
$12.6M
-10.5% YoY
Grant Count
27
+3.8% YoY
Avg Grant Size
$465K
-13.8% YoY
Mission & Focus Areas
The Ulta Beauty Charitable Foundation supports the holistic well-being of women and teens, empowering them to unleash their possibilities across mind, body, and community dimensions. The foundation's strategic mission focuses on three core areas:
- Developing Healthy Minds: Supporting mental health and well-being initiatives
- Empowering Healthy Bodies: Advancing physical health and wellness programs
- Cultivating Healthy Communities: Building supportive relationships and fostering a sense of belonging
The foundation recognizes the intrinsic connection between beauty and well-being, with the understanding that 65% of consumers believe the beauty category is significantly connected to wellness.
Grantmaking
The Ulta Beauty Charitable Foundation has demonstrated significant grant-making activity:
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Geographic Focus
Where this funder awards grants
The foundation's grant-making focuses primarily on Illinois, New York, and Florida, with an expanding national scope. Recent initiatives include Pretty Empowered events at eight local YWCA associations across the country and partnerships with national organizations.
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending January 2025:
- Total Assets: $3,009,775
- Total Revenue: $8,989,829
- Total Expenses: $13,970,803
- Total Liabilities: $2,540,000 (as of January 2024)
Historical Growth: The organization has experienced exceptional growth, increasing revenue by an average of 12.3% annually over the past five years.
Rating: The foundation holds a Three-Star rating (76% score) based on Accountability & Finance metrics.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $3,009,775 | $10,377,371 | $10,255,237 |
| Revenue | $8,989,829 | $12,900,500 | $11,165,013 |
| Expenses | $13,970,803 | $14,824,327 | $11,588,556 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $425,494 | $369,909 | — |
| 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 10 recipients in 2025
Grant Size Distribution
105 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
Jodi Caro serves as General Counsel, Chief Risk & Compliance Officer at Ulta Beauty and has been quoted regarding the foundation's mission and values.
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Anita Ryan | President | 1 | — |
| Molly McCabe | Director | 1 | — |
| Cindy Edwards | Director | 1 | — |
| Erik Lopez | Director | 1 | — |
| Paula Oyibo | Treasurer | 1 | — |
| Dave Kimbell | Chairperson | 1 | — |
| Maria Makowiecki | Assistant Secretary | 1 | — |
| Christopher Lialios | Vice President Controller | 1 | — |
| Jodi Caro | Secretary | 1 | — |
| Jodi Snedigar | Vice President Tax | 1 | — |
Recent News & Activity
Recent developments and announcements
**2024-2025 Initiatives:**
**Mental Health Focus**: Donated $1 million to national nonprofit partners focused on mental health and well-being, including the Jed Foundation and Active Minds
**Breast Cancer Research**: Deepened support for the Breast Cancer Research Foundation with contributions of $5.6 million, focusing on survivorship and breast cancer disparities; additionally raised $4 million through loyalty member contributions
**Big Brothers Big Sisters Partnership**: Launched a national fundraising campaign in stores benefiting Big Brothers Big Sisters, with 2 million loyalty members contributing $2.3 million; subsequently raised $2.4 million for wellness initiatives
Ulta Beauty Raises $2.4 million for Big Brothers Big Sisters' Wellness Initiatives**Girls Inc. Partnership**: Established new partnership providing grants to support Girls Inc.'s Mind + Body toolkit and hosting career exploration events
**YWCA Expansion**: Grew partnership with YWCA, hosting Pretty Empowered events at eight local associations across the country, reaching 800 girls with career exploration sessions in the beauty industry
**Communities In Schools Partnership**: Partnered with Communities In Schools to support student achievement and well-being during the school year
Communities In Schools and Ulta Beauty Partner for Student Achievement andSubject 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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