Public Charity

GFOA Endowment Corporation

GFOA Endowment Corporation, of Chicago, IL, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $1.5M in revenue, $1.8M in expenses, $38.2M in total assets. IRS filings disclose 5 grants awarded by this foundation, totaling roughly $3.6M.

EIN: 237208840 Chicago, IL Public Finance, Taxation & Monetary Policy NTEE: W22 Latest filing: 2025
Total Revenue$1.5M
Total Expenses$1.8M
Total Assets$38.2M
Grants Given5
Grant Total$3.6M
Filing Years2021–2025

Mission

The purpose of the GFOA Endowment Corporation is to operate as a supporting organization described under Section 509(a)(3) of the Internal Revenue Code exclusively for the benefit of, to perform the functions of, or to carry out the purpose of the Government Finance Officers Association.

Where $100 goes at GFOA Endowment Corporation

How GFOA Endowment Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 5 years.

$98 Programs the work itself
$2 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $98 for programs

$98
The purpose of the GFOA Endowment Corporation is to operate as a supporting organization described under Section 509(a)(3) of the Internal Revenue Code exclusively for the benefit of…
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Given

Chicago, IL · 2024
General Support
$1,815,946
Chicago, IL · 2023
General Support
$309,917
Chicago, IL · 2022
General Support
$467,454
Chicago, IL · 2021
General Support
$530,527
Chicago, IL · 2020
General Support
$479,057

Showing up to 5 of 5 total records — full history available with membership.

Officers & Directors

Board Member until 6/11/24 Anne Harty
Board Member until 6/11/24 Bruce Fisher
Board Member as of 6/11/24 Chris Forster
Executive Director, CEO Christopher P Morrill
Board Member as of 6/11/24 Clae Hack
Board Member David Schmiedicke

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$3,602,901 5 grants

Financial Trends

Year Revenue Expenses Assets
2025 $1.5M $1.8M $38.2M
2024 $987K $322K $36.7M
2023 $567K $483K $30.8M
2022 $531K $540K $33.9M
2021 $5.3M $487K $32.2M

Between 2021 and 2025, reported annual revenue declined from $5.3M to $1.5M (-72%), with total assets most recently reported at $38.2M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in IL.

IL

Full geographic grant map with state-by-state breakdown available with membership.

See the full picture for GFOA Endowment Corporation

Complete financials, all 5 grant records, officer compensation, year-over-year trend charts, a geographic grant map, and data exports — across 880,000+ organizations.

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