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EIN 36-3797797

Mary Lou Downs Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Chicago
State
Illinois
Year formed
1992
Most recent tax filings
2023-12-01
NTEE code, primary
T20: Private Foundations
Description
The Mary Lou Downs Foundation is a private foundation located in Chicago, IL that primarily funds exclusively charitable organizations. Its purpose is to use the capital gains from investment of portfolio assets to make contributions to qualified grantees such as Life Span and others. Last year, the foundation made 43 grants to support its mission.
Also known as...
C-O Paul F Gerbosi
Total revenues
$96,066
2023
Total expenses
$220,882
2023
Total assets
$1,964,710
2023
Num. employees
0
2023

Program areas at Mary Lou Downs Foundation

Investment of portfolio assets has resulted in capital gains which
The trustee intends to use to make contributions to qualified 501(c)(3)
Charities.

Grants made by Mary Lou Downs Foundation

GranteeGrant descriptionAmount
St Jude Children's Research HospitalExclusively Charitable$11,000
WINGS ProgramExclusively Charitable$11,000
Life SpanExclusively Charitable$11,000
...and 23 more grants made totalling $111,000

Personnel at Mary Lou Downs Foundation

NameTitleCompensation
Paul GerbosiTrustee$30,000

Financials for Mary Lou Downs Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Investment income and dividends$96,066
Net rental income$0
Net gain from sale of non-inventory assets$0
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$96,066

Form 990s for Mary Lou Downs Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-31990PFView PDF
2022-122023-04-27990PFView PDF
2021-122022-06-07990PFView PDF
2020-122022-06-07990PFView PDF
2019-122022-01-26990PFView PDF
...and 7 more Form 990s

Organizations like Mary Lou Downs Foundation

OrganizationLocationRevenue
Adella H and Alfred T Giller Charitable TrustDallas, TX$43,595
Chester L OrioLas Vegas, NV$73,683
The Sara Horrell Edelstein and Joseph JudsonPO Box Chicago, IL$119,328
Kierstead FoundationSt Joseph, MO$124,603
Margaret Harvey Schering Trust for Cancer ResearchEdina, MN$119,058
Elizabeth Leigh Adams FundChicago, IL$61,308
Scott K McDougle Jr Charitable TrustRichmond, VA$29,492
Frank A Givin Charitable Remainder TrustBath, ME$78,779
Symonds FoundationMoorpark, CA$57,914
Helen Taylor Irrev Trust FBO American Cancer SocietyColdwater, MI$30,564
Data update history
July 10, 2023
Posted financials
Added Form 990PF for fiscal year 2022
February 8, 2023
Posted financials
Added Form 990PF for fiscal year 2019
February 12, 2021
Posted financials
Added Form 990PF for fiscal year 2018
February 12, 2021
Used new vendors
Identified 1 new vendor, including
February 12, 2021
Updated personnel
Identified 1 new personnel
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
HealthDiseases and disorders
Characteristics
Provides grantsPartially liquidatedTax deductible donationsNo full-time employees
General information
Address
180 N Lasalle St
Chicago, IL 60601
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Phone
(312) 696-2512
IRS details
EIN
36-3797797
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1992
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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