Nonprofit · EIN 23-7093598
JOHN D & CATHERINE T MACARTHUR FOUNDATION
Tax-exempt · CHICAGO, IL 60603
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $890,851,721 | $414,659,854 | $476,191,867 | $9,311,570,852 | $660,774,301 | $8,650,796,551 |
| December 31, 2023 | 990-PF | $613,786,298 | $415,250,452 | $198,535,846 | $8,672,283,398 | $608,794,263 | $8,063,489,135 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $13,198,185
- Interest
- $53,429,947
- Net gain from sales of assets
- $266,472,707
- Other income
- $557,750,882
Expenses
- Grants and similar amounts paid
- $302,770,754
- Compensation of officers, directors and key employees
- $5,378,666
- Salaries, compensation and benefits (total)
- $37,571,731
- Disbursements for charitable purposes
- $423,815,311
- Excise tax on investment income
- $11,008,617
Balance sheet and other
- Total assets, start of year
- $8,672,283,398
- Total assets, end of year
- $9,311,570,852
- Total liabilities, end of year
- $660,774,301
- Net assets, end of year
- $8,650,796,551
- Fair market value of assets
- $9,311,570,852
- Qualifying distributions
- $468,169,033
- Net investment income
- $812,072,909
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SUSAN E MANSKE 140 SOUTH DEARBORN ST SUITE 1200, CHICAGO, IL 60603 | VP / CHIEF INVESTMENT OFFICER | 50 | $2,512,127 | $1,227,784 |
| MARK FRANKE 140 SOUTH DEARBORN ST SUITE 1200, CHICAGO, IL 60603 | MD, PRIVATE EQUITY Highest-paid employee | 40 | $1,177,727 | $607,398 |
| CAIXIA ZIEGLER 140 SOUTH DEARBORN ST SUITE 1200, CHICAGO, IL 60603 | MD, REAL ASSETS & SU Highest-paid employee | 40 | $1,176,624 | $625,270 |
| BUCK BETTEN 140 SOUTH DEARBORN ST SUITE 1200, CHICAGO, IL 60603 | MD, ASSET ALLOC, RIS Highest-paid employee | 40 | $1,157,520 | $617,551 |
| ERIC VAANG 140 SOUTH DEARBORN ST SUITE 1200, CHICAGO, IL 60603 | MD, INVESTMENTS Highest-paid employee | 40 | $1,157,494 | $617,551 |
| JOHN G PALFREY 140 SOUTH DEARBORN ST SUITE 1200, CHICAGO, IL 60603 | DIRECTOR / PRESIDENT | 50 | $1,113,955 | $97,670 |
| DAVID GREENWALD 140 SOUTH DEARBORN ST SUITE 1200, CHICAGO, IL 60603 | MD, ABS RETURN & FIX Highest-paid employee | 40 | $1,023,848 | $565,481 |
| JOSHUA J MINTZ 140 SOUTH DEARBORN ST SUITE 1200, CHICAGO, IL 60603 | VP / GENERAL COUNSEL / SECRETARY | 50 | $715,572 | $99,128 |
| KENNETH M JONES II 140 SOUTH DEARBORN ST SUITE 1200, CHICAGO, IL 60603 | SENIOR VP / CHIEF OPERATING OFFICER | 50 | $697,637 | $97,670 |
| MARTHA L MINOW 140 SOUTH DEARBORN ST SUITE 1200, CHICAGO, IL 60603 | BOARD CHAIR | 7 | $44,875 | $0 |
| JUAN SALGADO 140 SOUTH DEARBORN ST SUITE 1200, CHICAGO, IL 60603 | BOARD TRUSTEE | 4.5 | $28,000 | $0 |
| PAUL KLINGENSTEIN 140 SOUTH DEARBORN ST SUITE 1200, CHICAGO, IL 60603 | BOARD TRUSTEE | 4.5 | $27,500 | $0 |
| LILLIAN CONSTANCE JEN 140 SOUTH DEARBORN ST SUITE 1200, CHICAGO, IL 60603 | BOARD TRUSTEE | 4.5 | $27,000 | $0 |
| CECILIA MUNOZ 140 SOUTH DEARBORN ST SUITE 1200, CHICAGO, IL 60603 | BOARD TRUSTEE | 4.5 | $27,000 | $0 |
| SENDHIL MULLAINATHAN 140 SOUTH DEARBORN ST SUITE 1200, CHICAGO, IL 60603 | BOARD TRUSTEE | 4.5 | $26,500 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHANIE K BELL-ROSE 140 SOUTH DEARBORN ST SUITE 1200, CHICAGO, IL 60603 | BOARD TRUSTEE | 4.5 | $26,000 |
| OLUFUNMILAYO I OLOPADE 140 SOUTH DEARBORN ST SUITE 1200, CHICAGO, IL 60603 | BOARD TRUSTEE | 4.5 | $26,000 |
| DR RUTH J SIMMONS 140 SOUTH DEARBORN ST SUITE 1200, CHICAGO, IL 60603 | BOARD TRUSTEE | 4.5 | $25,500 |
| AMY FALLS AS OF 0624 140 SOUTH DEARBORN ST SUITE 1200, CHICAGO, IL 60603 | BOARD TRUSTEE | 4.5 | $14,000 |
| JULIE T KATZMAN THRU 0624 140 SOUTH DEARBORN ST SUITE 1200, CHICAGO, IL 60603 | BOARD TRUSTEE | 4.5 | $14,000 |
| WILLIAM F LEE AS OF 0624 140 SOUTH DEARBORN ST SUITE 1200, CHICAGO, IL 60603 | BOARD TRUSTEE | 4.5 | $14,000 |
| JAMES MANYIKA THRU 0324 140 SOUTH DEARBORN ST SUITE 1200, CHICAGO, IL 60603 | BOARD TRUSTEE | 4.5 | $10,000 |
| JAMES CASSELBERRY 140 SOUTH DEARBORN ST SUITE 1200, CHICAGO, IL 60603 | ARC BOARD TRUSTEE | 1 | $10,000 |
| TRINITA LOGUE 140 SOUTH DEARBORN ST SUITE 1200, CHICAGO, IL 60603 | ARC BOARD TRUSTEE | 1 | $10,000 |
| ALONDRA NELSON AS OF 0624 140 SOUTH DEARBORN ST SUITE 1200, CHICAGO, IL 60603 | BOARD TRUSTEE | 4.5 | $9,000 |
990-PF for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SUSAN E MANSKE 140 SOUTH DEARBORN STREET, SUITE 1200, CHICAGO, IL 60603 | VP / CHIEF INVESTMENT OFFICER | 50 | $2,270,719 | $1,093,363 |
| JOHN G PALFREY 140 SOUTH DEARBORN STREET, SUITE 1200, CHICAGO, IL 60603 | DIRECTOR / PRESIDENT | 50 | $1,293,489 | $85,366 |
| MARK FRANKE 140 SOUTH DEARBORN STREET, SUITE 1200, CHICAGO, IL 60603 | MANAGING DIRECTOR Highest-paid employee | 40 | $1,087,727 | $567,330 |
| CAIXIA ZIEGLER 140 SOUTH DEARBORN STREET, SUITE 1200, CHICAGO, IL 60603 | MANAGING DIRECTOR Highest-paid employee | 40 | $1,059,724 | $555,992 |
| ERIC VAANG 140 SOUTH DEARBORN STREET, SUITE 1200, CHICAGO, IL 60603 | MANAGING DIRECTOR Highest-paid employee | 40 | $1,041,121 | $549,073 |
| BUCK BETTEN 140 SOUTH DEARBORN STREET, SUITE 1200, CHICAGO, IL 60603 | MANAGING DIRECTOR Highest-paid employee | 40 | $1,039,069 | $549,073 |
| DAVID GREENWALD 140 SOUTH DEARBORN STREET, SUITE 1200, CHICAGO, IL 60603 | MANAGING DIRECTOR Highest-paid employee | 40 | $1,016,186 | $525,260 |
| JOSHUA J MINTZ 140 SOUTH DEARBORN STREET, SUITE 1200, CHICAGO, IL 60603 | VP / GENERAL COUNSEL / SECRETARY | 50 | $684,028 | $86,520 |
| KENNETH M JONES II 140 SOUTH DEARBORN STREET, SUITE 1200, CHICAGO, IL 60603 | SENIOR VP / CHIEF OPERATING OFFICER | 50 | $667,242 | $85,366 |
| MARTHA MINOW 140 SOUTH DEARBORN STREET, SUITE 1200, CHICAGO, IL 60603 | DIRECTOR / BOARD CHAIR | 7 | $35,500 | $0 |
| JULIE T KATZMAN 140 SOUTH DEARBORN STREET, SUITE 1200, CHICAGO, IL 60603 | DIRECTOR | 4.5 | $28,000 | $0 |
| PAUL KLINGENSTEIN 140 SOUTH DEARBORN STREET, SUITE 1200, CHICAGO, IL 60603 | DIRECTOR | 4.5 | $28,000 | $0 |
| SENDHIL MULLAINATHAN 140 SOUTH DEARBORN STREET, SUITE 1200, CHICAGO, IL 60603 | DIRECTOR | 4.5 | $28,000 | $0 |
| CECILIA MUNOZ 140 SOUTH DEARBORN STREET, SUITE 1200, CHICAGO, IL 60603 | DIRECTOR | 4.5 | $28,000 | $0 |
| JUAN SALGADO 140 SOUTH DEARBORN STREET, SUITE 1200, CHICAGO, IL 60603 | DIRECTOR | 4.5 | $28,000 | $0 |
| STEPHANIE K BELL-ROSE 140 SOUTH DEARBORN STREET, SUITE 1200, CHICAGO, IL 60603 | DIRECTOR | 4.5 | $27,000 | $0 |
| LILLIAN CONSTANCE JEN 140 SOUTH DEARBORN STREET, SUITE 1200, CHICAGO, IL 60603 | DIRECTOR | 4.5 | $26,000 | $0 |
| OLUFUNMILAYO OLOPADE 140 SOUTH DEARBORN STREET, SUITE 1200, CHICAGO, IL 60603 | DIRECTOR | 4.5 | $26,000 | $0 |
| JAMES MANYIKA 140 SOUTH DEARBORN STREET, SUITE 1200, CHICAGO, IL 60603 | DIRECTOR | 4.5 | $24,500 | $0 |
| DIRECTORS & OFFICERS AFFILIATED ENTITIES 140 SOUTH DEARBORN STREET, SUITE 1200, CHICAGO, IL 60603 | NOTE IN COMPENSATION EXPLANATION | 1 | $20,000 | $0 |
| DR RUTH SIMMONS 140 SOUTH DEARBORN STREET, SUITE 1200, CHICAGO, IL 60603 | DIRECTOR SINCE JUNE | 1 | $15,500 | $0 |
Address and contacts
- Address (IRS master file)
- 140 S DEARBORN ST STE 1200, CHICAGO, IL 60603-5285
- Signed the 990-PF
- PUNIT KOHLI, CHIEF FINANCIAL OFFICER
- Phone
- (312) 726-8000
- Website
- WWW.MACFOUND.ORG
- Return prepared by
- GRANT THORNTON ADVISORS LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 23-7093598
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1971
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20Z)
- Assets (IRS master file)
- $9,311,570,852
- Income (IRS master file)
- $3,949,128,114
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $890,851,721 | $414,659,854 | $9,311,570,852 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $613,786,298 | $415,250,452 | $8,672,283,398 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7093598).
Questions about JOHN D & CATHERINE T MACARTHUR FOUNDATION
- What is the EIN of JOHN D & CATHERINE T MACARTHUR FOUNDATION?
- The employer identification number (EIN) of JOHN D & CATHERINE T MACARTHUR FOUNDATION is 23-7093598.
- Is JOHN D & CATHERINE T MACARTHUR FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1971.
- Are donations to JOHN D & CATHERINE T MACARTHUR FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does JOHN D & CATHERINE T MACARTHUR FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of JOHN D & CATHERINE T MACARTHUR FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did JOHN D & CATHERINE T MACARTHUR FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of JOHN D & CATHERINE T MACARTHUR FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 25 people; 25 received compensation from the organization, the highest $2,512,127 (SUSAN E MANSKE, VP / CHIEF INVESTMENT OFFICER).
- How much revenue does JOHN D & CATHERINE T MACARTHUR FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $890,851,721, expenses of $414,659,854 and total assets of $9,311,570,852 at year end.
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