The Walsh Foundation in Chicago, Illinois (IL)

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The Walsh Foundation
Employer Identification Number (EIN)363994447
Name of OrganizationThe Walsh Foundation
In Care of NameMadden Jiganti Moore & Sinars
Address190 S Lasalle St Ste 1700, Chicago, IL 60603-3496
ActivitiesHospital
SubsectionCharitable Organization
Ruling Date06/1995
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$179,257,152
Amount of Income$50,913,474
Form 990 Revenue Amount$22,925,815
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations


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Amount of income in 2011: $50,913,474 (it was $65,429,309 in 2010)
The Walsh Foundation: 

 $50,913,474
Other organizations performing similar types of work: 

 $109,612

Assets in 2011: $179,257,152 (it was $163,320,126 in 2010)
The Walsh Foundation: 

 $179,257,152
Other organizations performing similar types of work: 

 $459,695

Financial snapshot ($)

Revenue for 2011

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$22,925,815$4,925,815$0
Contributions, gifts, grants, etc., received$18,000,000
Interest on savings and temporary cash investments$194,224
Dividends and interest from securities$3,312,588
Gross rents$0
Gross profit from sales of goods$0
Other income$38,210
Other$1,380,793
Total expenses and disbursements$6,940,609$767,868$0$6,088,600
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$852,009$767,868$0
Contributions, gifts, grants paid$6,088,600
Excess of revenue over expenses and disbursements$15,985,206
Net investment income$4,157,947
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$179,257,152$182,158,731
Cash - non-interest-bearing$5
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$37,077,039
Investments-mortgage loans$0
Investments-other$90,315,627
Other$51,864,481
Total liabilities$0
Total liabilities and net assets/fund balances$179,257,152
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$1,380,793
Net capital loss$0
Excise Tax Based on Investment Income (for 2011)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$83,159
Total credits and payments$250,838
2011 estimated tax payments and 2010 overpayment credited to 2011$100,838
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$150,000
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Overpayment$167,679
Amount to be credited to 2012 estimated tax$167,679
Statements Regarding Activities (for 2011)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$175,638,641
Net value of noncharitable-use assets$164,105,440
Minimum investment return$8,205,272
Distributable Amount (for 2011)
Distributable amount$8,122,113
Undistributed Income (for 2011)
Distributable amount for 2011$8,122,113
Undistributed income for 2011. This amount must be distributed in 2012$0
Private Operating Foundations (for 2011)
2011201020092008Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1S & G Foundation10 S Dearborn St Fl 21, Chicago, IL 60603-2300IL1998-01$70,306,088
2The Walsh Foundation190 S Lasalle St Ste 1700, Chicago, IL 60603-3496IL1995-06$50,913,474
3Renate Hans And Maria Hofmann Trust C/O Robert S Warshaw10 S Dearborn Il1-0111, Chicago, IL 60603-2300IL1997-07$22,285,670
4The Justin And Valerie Blair Potter Foundation231 S Lasalle St Il1 231 10 05, Chicago, IL 60697-0001IL1996-07$6,617,750
5Twomey FoundationPO BOX 158, Smithshire, IL 61478-0158IL1995-02$3,352,733
6Shirley A Shultz Charitable Trust10 S Dearborn Ste 21 Fl, Chicago, IL 60603-2300IL1995-04$1,715,270
7William M Keller Foundation10 S Dearborn Il1-0117, Chicago, IL 60603-2300IL1996-09$1,607,633
8The King Family Foundation1415 W 22nd St Ste 400, Oak Brook, IL 60523-2023IL1995-03$1,217,336
9Speiser Family Foundation135 S Kensington Ave, La Grange, IL 60525-2214IL1997-02$1,167,498
10Wagner Family Foundation600 Central Ave Ste 365, Highland Park, IL 60035-3257IL1997-05$870,275
11William & Karen Goodyear Foundation231 S Lasalle St, Chicago, IL 60697-0001IL1997-08$801,187
12Strachan And Vivian H Donnelley Foundation, Donnelley Strachan TteePO BOX 803878, Chicago, IL 60680-3878IL1997-09$582,182
13St Lucas Charitable Tr 111594, Regnery Patrick Ttee1240 Laurie Ln, Burr Ridge, IL 60527-4825IL1995-06$533,442
14The Chapin Foundation, Heimark Craig F TteeC/O Oconnor Partners, Chicago, IL 60603IL1995-03$528,861
15The Samuel Eells Literary And Educational Foundaton Inc6126 Lincoln Ave, Morton Grove, IL 60053-2965IL1963-04$424,175
16Sally And Miles Berger Family Foundation350 W Hubbard St Ste 222, Chicago, IL 60654-6977IL1997-02$367,017
17Wiseway Charitable Foundation1901 N Howe St, Chicago, IL 60614-5127IL1995-01$293,964
18Wd Foundation, Frank S & Drucker H Etal Co-Ttee2500 Greenwood Ave, Wilmette, IL 60091-1304IL1998-11$290,491
19Tamil Nadu Foundation Inc1709 Kenyon Dr, Naperville, IL 60565-1715IL1976-04$192,506
20Walter J Burnett Foundation Trust Pt 32324 Nect10 S Dearborn, Chicago, IL 60603-2300IL1970-12$166,072
Number of organizations performing similar types of work
Alabama58
Arkansas13
Arizona25
California193
Colorado53
Connecticut32
District of Columbia18
Delaware17
Florida268
Georgia93
Hawaii12
Iowa17
Idaho7
Illinois122
Indiana58
Kansas19
Kentucky17
Louisiana34
Massachusetts75
Maryland78
Maine6
Michigan103
Minnesota44
Missouri17
Mississippi18
Montana6
North Carolina96
North Dakota2
Nebraska18
New Hampshire9
New Jersey117
New Mexico4
Nevada17
New York231
Ohio148
Oklahoma28
Oregon19
Pennsylvania181
Rhode Island22
South Carolina28
South Dakota2
Tennessee53
Texas162
Utah23
Virginia76
Vermont8
Washington23
Wisconsin57
West Virginia17
Wyoming7
International3
Total2,754

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