EIN 26-1897927

True Value Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2008
Most recent tax filings
2023-12-01
Description
The True Value Foundation provides resources to improve the lives of youth in the communities it serves. Through their Painting a Brighter Future program, the foundation rallies retailers to enhance the educational environment of elementary, junior high, and high schools, as well as boys and girls clubs across the country. Whenever a True Value company retailer donates to a youth-development focused non-profit organization in their community, True Value Foundation matches the contribution dollar for dollar up to $1,000 annually for qualifying organizations. In 2019, the foundation...
Total revenues
$646,033
2023
Total expenses
$754,965
2023
Total assets
$353,901
2023
Num. employees
0
2023

Program areas at True Value Foundation

The community service and assistance program in 2023 covered grants and awards to the chicagoland boys and girls clubs, the woodland California boys and girls club, the community Foundation of middle Tennessee, the united way of greater mchenry county Illinois and the habitat for humanity . These grants continue the heritage of nurturing stronger futures for at-risk youth who depend on these clubs.
When a True Value company retailer gives back to a youth-development focused non-profit organization in your community, True Value Foundation matches the contribution dollar for dollar to qualifying organizations, up to $1,000 annually.
Painting a brighter future is a program that rallies retailers to the cause of enhancing the educational environment in their communities. Elementary, junior high and high schools as well as boys and girls clubs across the country that meet basic qualifications are eligible to apply for an award to receive up to 40 gallons of paint to help improve its facilities.

Grants made by True Value Foundation

GranteeGrant descriptionAmount
Boys & Girls Clubs of Chicago (BGCC)To Support Programs That Nurture Stronger Futures for At-Risk Youth Who Depend on the Club.$266,000
Community Foundation of Middle Tennessee (CFMT)To Help the Organization Achieve Their Mission.$50,000
Habitat for HumanityTo Help the Organization Achieve Their Mission Related To A Carter Work Project.$43,833
...and 2 more grants made

Who funds True Value Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The SignatryCommunity Development$18,050
Littler Mendelson FoundationGeneral Support$500

Personnel at True Value Foundation

NameTitleCompensation
Matthew AgemaTreasurer$0
Lee RectorSecretary$0
John VanderpoolPresident / Director$0
Urmi TrivediVice President / Secretary$0
Brian QualizzaTreasurer$0
...and 5 more key personnel

Financials for True Value Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$131,007
Program services$0
Investment income and dividends$3,476
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$511,550
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$646,033

Form 990s for True Value Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-14990View PDF
2022-122023-11-13990View PDF
2021-122023-03-07990View PDF
2020-122021-11-02990View PDF
2019-122021-04-02990View PDF
...and 10 more Form 990s
Data update history
May 18, 2024
Received grants
Identified 1 new grant, including a grant for $18,050 from The Signatry
January 21, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 21, 2024
Updated personnel
Identified 2 new personnel
June 27, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 17, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Grantmaking organizationsCorporate foundationsSchoolsCharities
Issues
Education
Characteristics
Provides grantsFundraising eventsCommunity engagement / volunteeringFundraising races, competitions, and tournamentsTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
8600 W Bryn Mawr Ave
Chicago, IL 60631
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Website URL
truevaluecompany.com/ 
Phone
(773) 695-5000
IRS details
EIN
26-1897927
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2008
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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