Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
CME GROUP FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)20 S WACKER DR
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60606
A Employer identification number

45-0575574
B Telephone number (see instructions)

(312) 930-3292
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$63,836,901
J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books
(b) Net investment
income
(c) Adjusted net
income
(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 7,987,010
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 2,682,256 2,682,256  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 567,679
b Gross sales price for all assets on line 6a 3,843,345
7 Capital gain net income (from Part IV, line 2)... 567,679
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... 10,114 10,114  
12 Total. Add lines 1 through 11........ 11,247,059 3,260,049  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... 347 174   173
b Accounting fees (attach schedule)....... 31,825 15,913   15,912
c Other professional fees (attach schedule).... 140,969 11,326   129,643
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... 60,059 60,059   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 4,135 0   4,135
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 210,034 37,901   170,687
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 447,369 125,373   320,550
25 Contributions, gifts, grants paid....... 6,739,500 6,739,500
26 Total expenses and disbursements. Add lines 24 and 25 7,186,869 125,373   7,060,050
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,060,190
b Net investment income (if negative, enter -0-) 3,134,676
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 12,273 1,702 1,702
2 Savings and temporary cash investments......... 48,291,807 53,449,159 53,449,159
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow   120,367 0 0
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 9,117,187 Click to see attachment
List of Attached Documents:
// Content
10,096,899
10,096,899
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,647,329
Click to see attachment
List of Attached Documents:
// Content
289,141
Click to see attachment
List of Attached Documents:
// Content
289,141
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 59,188,963 63,836,901 63,836,901
Liabilities 17 Accounts payable and accrued expenses.......... 110,718 70,449
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 110,718 70,449
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 59,078,245 63,766,452
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 59,078,245 63,766,452
30 Total liabilities and net assets/fund balances (see instructions). 59,188,963 63,836,901
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
59,078,245
2
Enter amount from Part I, line 27a .....................
2
4,060,190
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
928,346
4
Add lines 1, 2, and 3 ..........................
4
64,066,781
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
300,329
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
63,766,452
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b)
How acquired
P—Purchase
D—Donation
(c)
Date acquired
(mo., day, yr.)
(d)
Date sold
(mo., day, yr.)
1 a CHARLES SCHWAB      
b PARTNERSHIP K-1S      
c PARTNERSHIP K-1S      
d CHARLES SCHWAB      
e
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,614,663   1,395,079 219,584
b 31     31
c 159,775     159,775
d 2,068,876   1,880,587 188,289
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a       219,584
b       31
c       159,775
d       188,289
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
Bracket 2 567,679
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ...................
Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 43,572
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 43,572
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 43,572
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 27,175
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 32,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 59,175
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 15,603
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow15,603 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowIL
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
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 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.CMEGROUPFOUNDATION.ORG
14
The books are in care ofright arrowTHE FOUNDATION Telephone no.right arrow (312) 930-3292

Located atright arrow20 S WACKER DRCHICAGOIL ZIP+4right arrow60606
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position
(c) Compensation
(If not paid, enter
-0-)
(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
CHARLES P CAREY CHAIRMAN
1.00
0 0 0
20 S WACKER DR
CHICAGO,IL60606
TERRENCE A DUFFY VICE-CHAIRMAN
1.00
0 0 0
20 S WACKER DR
CHICAGO,IL60606
HOWARD J SIEGEL SECRETARY/TREASURER
1.00
0 0 0
20 S WACKER DR
CHICAGO,IL60606
EVA GIGLIO EXECUTIVE DIRECTOR
1.00
0 0 0
20 S WACKER DR
CHICAGO,IL60606
DANIEL GLICKMAN TRUSTEE
1.00
0 0 0
20 S WACKER DR
CHICAGO,IL60606
TERRY L SAVAGE TRUSTEE
1.00
0 0 0
20 S WACKER DR
CHICAGO,IL60606
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position
(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation
(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
ARABELLA ADVISORS CONSULTING 125,000
125 S CLARK ST STE 1250
CHICAGO,IL60603
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
9,775,875
b
Average of monthly cash balances.......................
1b
50,369,327
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
60,145,202
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
60,145,202
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
902,178
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
59,243,024
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,962,151
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
2,962,151
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
43,572
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
43,572
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,918,579
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,918,579
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
2,918,579
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
7,060,050
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
7,060,050
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus
(b)
Years prior to 2023
(c)
2023
(d)
2024
1 Distributable amount for 2024 from Part X, line 7 2,918,579
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 3,939,473
b From 2020...... 3,740,291
c From 2021...... 3,246,613
d From 2022...... 3,683,601
e From 2023...... 3,550,670
f Total of lines 3a through e ........ 18,160,648
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 7,060,050
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions).....
0
c Treated as distributions out of corpus (Election
required—see instructions)........
0
d Applied to 2024 distributable amount..... 2,918,579
e Remaining amount distributed out of corpus 4,141,471
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 22,302,119
b Prior years’ undistributed income. Subtract
line 4b from line 2b ..........
0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed......
0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ...........
0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions .............
0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 ..........
0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) .......
0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ...
3,939,473
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ......
18,362,646
10 Analysis of line 9:
a Excess from 2020.... 3,740,291
b Excess from 2021.... 3,246,613
c Excess from 2022.... 3,683,601
d Excess from 2023.... 3,550,670
e Excess from 2024.... 4,141,471
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed ..........
Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed .....
         
d Amounts included in line 2c not used directly
for active conduct of exempt activities ..........
         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c ....
         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)
         
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed ..
         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) ....
         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii)....
         
(3) Largest amount of support
from an exempt organization
         
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
Foundation
status of
recipient
Purpose of grant or
contribution
Amount
Name and address (home or business)
aPaid during the year

ACADEMY FOR URBAN SCHOOL LEADERSHIP

3400 NORTH AUSTIN
CHICAGO,IL60634
NONE PC CHICAGO TEACHER RESIDENCY - DIVERSE LEARNER ECE 50,000

ADVANCE ILLINOIS NFP

50 E WASHINGTON STREET SUITE 400
CHICAGO,IL606022100
NONE PC ILLINOIS EDUCATION AND CAREER SUCCESS NETWORK 50,000

AFTER SCHOOL MATTERS INC

66 EAST RANDOLPH STREET
CHICAGO,IL60601
NONE PC COMPUTER SCIENCE INITIATIVE 50,000

ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATION

245 WATERMAN ST STE 306
PROVIDENCE,RI02903
NONE PC POWER OF PURPLE: A REASON TO HOPE LUNCHEON 10,000

AMERICA NEEDS YOU

260 W 39TH STREET SUITE 701
NEW YORK,NY10018
NONE PC GENERAL OPERATING SUPPORT FOR COLLEGE & CAREER SERVICES 50,000

AMERICAN FRIENDS OF LUBAVITCH (CHABAD)

2110 LEROY PLACE NW
WASHINGTON,DC20008
NONE PC NATIONAL MENORAH 5,000

ASSOCIATED COLLEGES OF ILLINOIS INC

70 E LAKE ST STE 1418
CHICAGO,IL606017450
NONE PC GENERAL OPERATING SUPPORT FOR COLLEGE AND CAREER S 25,000

AUTISM SPEAKS INC

PO BOX 37148
BOONE,IA50037
NONE PC CHIP IN CASINO NIGHT 5,000

BELLWETHER EDUCATION PARTNERS INC

517 BOSTON POST RD UNIT 171
SUDBURY,MA017767607
NONE PC E4E TEACHER ACTION TEAM 22,000

BETTER FUTURE FORWARD

7584 BLANFORD CT
ALEXANDRIA,VA223153844
NONE PC FUELING DRAMATIC GROWTH OF BFF'S CHICAGO FUND 25,000

BIG SHOULDERS FUND

212 W VAN BUREN STREET SUITE 900
CHICAGO,IL60607
NONE PC PRODUCTIVE PLAY IN PK AND K 50,000

BOARD OF TRUSTEES OF THE UNIVERSITY OF ILLINOIS

1901 S FIRST ST STE A
CHAMPAIGN,IL61820
NONE PC UIUC CS TEACHER ENDORSEMENT SUPPORT 100,000

BOARD OF TRUSTEES OF THE UNIVERSITY OF ILLINOIS

218 WOHLERS HALL MC-706
CHAMPAIGN,IL61820
NONE PC DIGITAL EXPLORERS AND TEACHER INTENSIVES 75,000

BORDER HORSE SLAUGHTER RESCUE

19000 VIEW CIRCLE
FIDDLETOWN,CA95629
NONE PC BARN BUILD PROJECT 10,000

BOTTOM LINE

65 E WACKER PLACE
CHICAGO,IL60601
NONE PC BOTTOM LINE CHICAGO REGION: ACCESS AND SUCCESS 50,000

BOX UNITED

5912 N FOREST GLEN AVE
CHICAGO,IL606465802
NONE PC FIGHT LIKE A GIRL 33,500

BRADY CENTER TO PREVENT GUN VIOLENCE

840 1ST ST NE STE 400
WASHINGTON,DC200028040
NONE PC FREE AMERICA FROM GUN VIOLENCE 10,000

BRAVEN INCORPORATED

1046 W KINZIE ST NO 301
CHICAGO,IL606426506
NONE PC BRAVEN-CHICAGO: CAREER ACCELERATOR PROGRAMS 50,000

BUILD INCORPORATED

5100 W HARRISON ST
CHICAGO,IL60644
NONE PC BUILDING GIRLS 2 WOMEN (BG2W) 100,000

CAROLE ROBERTSON CENTER FOR LEARNING

2020 W ROOSEVELT RD
CHICAGO,IL60608
NONE PC BASES-K AND INNOVATION FUND 150,000

CATHOLIC BISHOP OF CHICAGO

835 N RUSH ST
CHICAGO,IL606112030
NONE PC LEADERSHIP DEVELOPMENT PROGRAM 100,000

CHAPTER ONE NFP

13553 STATE ROAD 54 STE 50
ODESSA,FL33556
NONE PC HIGH IMPACT TUTORING FOR CPS KINDERGARTENERS 75,000

CHICAGO CHILDREN'S MUSEUM

700 EAST GRAND AVE SUITE 127
CHICAGO,IL60611
NONE PC CURIOSITY CLASSROOM LEARNING AND EVALUATION 50,000

CHICAGO CHILDREN'S MUSEUM

700 EAST GRAND AVE SUITE 127
CHICAGO,IL60611
NONE PC PLAYFUL LEARNING LANDSCAPES 25,000

CHICAGO FOUNDATION FOR WOMEN

140 S DEARBORN ST STE 400
CHICAGO,IL60603
NONE PC BUILDING CAPACITY FOR GIRL-SERVING ORGANIZATIONS 25,000

CHICAGO HISTORICAL SOCIETY

1601 N CLARK ST
CHICAGO,IL606146038
NONE PC 30TH ANNUAL MAKING HISTORY AWARDS 10,000

CHICAGO INNOVATION FOUNDATION

2001 N HALSTED
CHICAGO,IL60614
NONE PC ILLINOIS STUDENT INVENTION CONVENTION 25,000

CHICAGO JESUIT ACADEMY

5058 W JACKSON BLVD
CHICAGO,IL60644
NONE PC HIGH SCHOOL BRIDGE 10,000

CHICAGO PRE-COLLEGE SCIENCE & ENGINEERING PROGRAM

5105 S HARPER
CHICAGO,IL60615
NONE PC SUMMER STEM ENRICHMENT PROGRAM 25,000

CHICAGO PUBLIC EDUCATION FUND

200 W ADAMS STREET SUITE 2150
CHICAGO,IL60606
NONE PC CHICAGO LEADS 150,000

CHICAGO PUBLIC LIBRARY FOUNDATION (CPLF)

200 W MADISON AVE 3RD FLOOR
CHICAGO,IL60606
NONE PC THE 2023-2025 EARLY LEARNING & SCHOOL READINESS INITIATIVE AT CHICGAO PUBLIC LIBRARY 100,000

CHICAGO YOUTH CENTERS

218 S WABASH AVENUE SUITE 600
CHICAGO,IL60604
NONE PC COMPUTER SCIENCE PROGRAM 25,000

CHICAGO ZOOLOGICAL SOCIETY

3300 GOLF ROAD
BROOKFIELD,IL60513
NONE PC CHICAGO BOARD OF TRADE ENDANGERED SPECIES FUND 10,000

CHILDREN FIRST FUND THE CHICAGO PUBLIC SCHOOLS FOUNDATION

200 W MADISON ST 2ND FLOOR
CHICAGO,IL60606
NONE PC ROBOTICS OST CONNECTING TO OUR COMMUNITY 125,000

CHILDREN'S RESEARCH TRIANGLE

70 EAST LAKE STREET SUITE 1300
CHICAGO,IL60601
NONE PC GIRLS MOVING IN NEW DIRECTIONS (GIRLS MIND) 100,000

CHRISTOPHER HOUSE

2507 N GREENVIEW AVE
CHICAGO,IL60614
NONE PC INCREASING KINDERGARTEN READINESS: CH & CBC 70,000

CICS PRAIRIE - DISTINCTIVE SCHOOLS

11530 S PRAIRIE
CHICAGO,IL60628
NONE PC CICS PRAIRIE COMPUTER SCIENCE AFTER SCHOOL CLUB 10,000

CITY COLLEGES OF CHICAGO FOUNDATION

226 W JACKSON BLVD
CHICAGO,IL606066959
NONE PC THE CHICAGO ROADMAP 200,000

CIVIC NEWS COMPANY

450 SEVENTH AVE 32ND FLR
NEW YORK,NY10123
NONE PC CHALKBEAT CHICAGO EDUCATION JOURNALISM 25,000

COLBYS CREW RESCUE

988 PIPER WAY
KESWICK,VA229479197
NONE PC TERRY SAVAGE GRANT 15,000

COLLEGE POSSIBLE CHICAGO

833 N ORLEANS ST SUITE 400
CHICAGO,IL60610
NONE PC COLLEGE POSSIBLE CHICAGO PROGRAM EXPANSION FY24-25 50,000

COMPUTER SCIENCE TEACHERS ASSOCIATION

332 SOUTH MICHIGAN AVENUE 9TH FLOOR
CHICAGO,IL60604
NONE PC EMPOWERING ILLINOIS AND CHICAGO CS TEACHERS 50,000

CRADLES TO CRAYONS INC

2500 W BRADLEY PLACE
CHICAGO,IL60018
NONE PC GEAR UP FOR WINTER - WINTER WISH LIST 3,500

DEMOISELLE 2 FEMME NFP

10924 S HALSTED
CHICAGO,IL60828
NONE PC CUG REVIVE II 100,000

DION S CHICAGO DREAM INC NFP

180 N WINDMERE CIR
MATTESON,IL60443
NONE PC DREAM DELIVERIES 5,000

EDUCATION SYSTEMS CENTER AT NORTHERN ILLINOIS UNIVERSITY

105 W MADISON ST
CHICAGO,IL60602
NONE PC EQUITY-CENTERED COLLEGE & CAREER PATHWAYS FOR ILLINOIS 25,000

EMPOWER ILLINOIS

200 NORTH LASALLE ST SUITE 2310
CHICAGO,IL60601
NONE PC EXPANDING EDUCATIONAL PATHWAYS: A CONTINUATION OF THE FUTURE OF ILLINOIS CAMPAIGN 25,000

ERIKSON INSTITUTE

451 N LASALLE ST
CHICAGO,IL60654
NONE PC PROJECT CONNECT 50,000

FIELD MUSEUM OF NATURAL HISTORY

1400 S LAKE SHORE DR
CHICAGO,IL606052827
NONE PC STEM DIGITAL LEARNING INTERNSHIP 15,000

FOCUS FAIRIES MENTORING

10736 S EBERHART AVE
CHICAGO,IL60628
NONE PC WHAT 50,000

FORMER MEMBERS OF CONGRESS INC

1401 K ST NW STE 503
WASHINGTON,DC200053417
NONE PC DAN GLICKMAN DISCRETIONARY FUNDS DONATION 5,000

FRED ROGERS COMPANY

2100 WHARTON STREET
PITTSBURGH,PA15203
NONE PC DONKEY HODIE 25,000

FRIENDS OF DEKALB REGIONAL OFFICE OF EDUCATION

2500 N ANNIE GLIDDEN RD STE C
DEKALB,IL601151310
NONE PC KINDERGARTEN READINESS: BASICS DEKALB COUNTY PARENT PLAYGROUPS 50,000

FRIENDS OF THE TRUMAN FOUNDATION

PO BOX 28083
WASHINGTON,DC20038
NONE PC GENERAL FUND 10,000

GENESYS WORKS - CHICAGO

180 N WABASH STE 600
CHICAGO,IL60048
NONE PC IMPROVING COLLEGE AND CAREER OUTCOMES FOR CHICAGO 50,000

GENESYS WORKS - CHICAGO

333 W WACKER DRIVE SUITE 1840
CHICAGO,IL60606
NONE PC EXPANDING PROFESSIONAL SKILLS TRAINING FOR CHICAGO 25,000

GEORGE W BUSH FOUNDATION

PO BOX 600610
DALLAS,TX75208
NONE PC BUSH INSTITUTE EDUCATION PROGRAM 100,000

GIRLS INC OF CHICAGO

2212 S MICHIGAN AVE STE 210
CHICAGO,IL606162818
NONE PC MIND + BODY HEALTH INITIATIVE 50,000

GREATER CHICAGO FOOD DEPOSITORY

4100 W ANN LURIE PLACE
CHICAGO,IL606323920
NONE PC HUNGER RELIEF INITIATIVES 5,000

GREATER CHICAGO FOOD DEPOSITORY

4100 W ANN LURIE PLACE
CHICAGO,IL606323920
NONE PC HUNGER RELIEF INITIATIVES 5,000

GREENLIGHT FUND INC

120 ST JAMES AVE 6TH FL
BOSTON,MA021165001
NONE PC GREENLIGHT FUND CHICAGO 50,000

GREENWOOD PROJECT

2729 S MICHIGAN AVE
CHICAGO,IL606162818
NONE PC GREENWOOD PROJECT COLLEGE INTERNSHIP PROGRAM 25,000

HOLY FAMILY MINISTRIES

3225 ARNOLD LN
NORTHBROOK,IL600622406
NONE PC LITTLE LEARNERS ACADEMY 25,000

HOLY NAME CATHEDRAL

735 N STATE ST
CHICAGO,IL60654
NONE PC GENRAL OPERATIONS 15,000

HOPE CHICAGO

303 E WACKER DR SUITE 2109
CHICAGO,IL60601
NONE PC STUDENT SUCCESS COACH 75,000

HUNGER FREE AMERICA INC

50 BROAD ST STE 1103
NEW YORK,NY100042799
NONE PC HUNGER FREE AMERICA 2,500

ILLINOIS ACTION FOR CHILDREN

4753 N BROADWAY SUITE 1200
CHICAGO,IL60640
NONE PC COMMUNITY PARENTING SUPPORT SATURATION PROGRAM 50,000

ILLINOIS NETWORK OF CHILD CARE RESOURCE AND REFERRAL

1226 TOWANDA AVE
BLOOMINGTON,IL61701
NONE PC CIVIC LEADERS FOR ILLINOIS CHILDREN 25,000

ILLINOIS SCIENCE AND TECHNOLOGY INSTITUTE

222 MERCHANDISE MART PLAZA
CHICAGO,IL606541103
NONE PC THE STEM CHALLENGE AND 6X3 PROJECT SERIES 50,000

IMENTOR INC

199 WATER ST 8TH FL
NEW YORK,NY100383541
NONE PC EMERGENCY CPS FEE DEFICIT SUPPORT 25,000

IMENTOR INC

332 S MICHIGAN AVE 9TH FLOOR
CHICAGO,IL60604
NONE PC GROWTH FUND AND NEXT GEN LEADERS CAREER 25,000

INTENTIONAL SPORTS

126 E WING ST
ARLINGTON HTS,IL600046064
NONE PC INTENTIONAL SPORTS PROGRAMS 1,000

JEWISH UNITED FUND OF METROPOLITAN CHICAGO

30 SOUTH WELLS NO 4049
CHICAGO,IL606065054
NONE PC 2024 JUF ANNUAL CAMPAIGN 5,000

JUNIOR ACHIEVEMENT OF CHICAGO

4801 S LAWNDALE AVENUE
CHICAGO,IL60661
NONE PC JA OF CHICAGO DIGITAL PROGRAMS 50,000

JUVENILE PROTECTIVE ASSOCIATION JPA

1707 N HALSTED ST
CHICAGO,IL60614
NONE PC CONNECT 2 KINDERGARTEN (C2K) 75,000

JUVENILE PROTECTIVE ASSOCIATION JPA

1707 N HALSTED ST
CHICAGO,IL60614
NONE PC GRANDPARENT PROJECT 50,000

KOHL CHILDREN'S MUSEUM OF GREATER CHICAGO

2100 PATRIOT BLVD
GLENVIEW,IL60025
NONE PC EARLY CHILDHOOD CONNECTIONS 50,000

LADIES OF VIRTUE

1245 S MICHIGAN SUITE 149
CHICAGO,IL60605
NONE PC LADIES OF VIRTUE GENERAL OPERATING 75,000

LATINO POLICY FORUM

180 N MICHIGAN AVE STE 1250
CHICAGO,IL606017464
NONE PC PROMOTING EQUITY IN EARLY EDUCATION FOR ENGLISH LE 100,000

LAWNDALE EDUCATIONAL AND REGIONAL NETWORK CHARTER SCHOOL

3021 W CARROLL AVE
CHICAGO,IL606121721
NONE PC PREK ENHANCEMENTS AND QUALITY IMPROVEMENT 25,000

MAYO CLINIC

200 FIRST STREET
ROCHESTER,MN559050001
NONE PC GENERAL OPERATIONS 50,000

METROSQUASH

5655 S UNIVERSITY AVE
CHICAGO,IL60637
NONE PC 2024 METROSQUASH CUP - AVERY ROSENBERG FUND RAISING 10,000

METROSQUASH

5655 S UNIVERSITY AVE
CHICAGO,IL60637
NONE PC GENERAL OPERATIONS 10,000

MIKVA CHALLENGE GRANT FOUNDATION INC

200 S MICHIGAN AVE STE 1000
CHICAGO,IL606042421
NONE PC GEN OPS 5,500

MIKVA CHALLENGE GRANT FOUNDATION INC

200 S MICHIGAN AVE STE 1000
CHICAGO,IL606042421
NONE PC GEN OPS 5,500

MISERICORDIA FOUNDATION

6300 N RIDGE AVE
CHICAGO,IL606601017
NONE PC GENERAL OPERATIONS 30,000

NATIONAL LOUIS UNIVERSITY

122 S MICHIGAN AVE
CHICAGO,IL60603
NONE PC ACCELERATE U AT NATIONAL LOUIS UNIVERSITY 50,000

NETWORK FOR TEACHING ENTREPRENEURSHIP

350 S BIXEL STREET SUITE 280
LOS ANGELES,CA90017
NONE PC STARTUP TECH 25,000

NETWORK FOR TEACHING ENTREPRENEURSHIP

350 S BIXEL STREET SUITE 280
LOS ANGELES,CA90017
NONE PC PATHWAYS: FINANCING HIGHER EDUCATION 25,000

NORTHWESTERN MEMORIAL FOUNDATION

9925 INDUSTRIAL DR
BRIDGEVIEW,IL60611
NONE PC NORTHWESTERN MEDICINE LAKE FOREST HOSPITAL 5,000

NORTHWESTERN UNIVERSITY

1801 MAPLE AVENUE SUITE 2300
EVANSTON,IL60657
NONE PC EARLY CHILDHOOD RESEARCH ALLIANCE OF CHICAGO 75,000

ONE GOAL

180 N WABASH AVE SUITE 800
CHICAGO,IL60601
NONE PC CLOSING THE DEGREE DIVIDE IN CHICAGO 50,000

ONE MILLION DEGREES

180 N WABASH SUITE 310
CHICAGO,IL60601
NONE PC GENERAL OPERATING SUPPORT 50,000

OPEN BOOKS LTD

651 W LAKE ST
CHICAGO,IL60661
NONE PC EARLY CHILDHOOD LITERACY RESIDENCIES 25,000

PARTNERSHIP FOR COLLEGE COMPLETION

332 S MICHIGAN 9TH FLOOR
CHICAGO,IL60604
NONE PC GENERAL OPERATING SUPPORT FOR PCC'S HIGHER ED 50,000

PATHWAY TO ADVENTURE COUNCIL BOY SCOUTS OF AMERICA

106 ABERDEEN ST STE 200
CHICAGO,IL60607
NONE PC STEM IN SCOUTING 25,000

PROJECT EXPLORATION

4511 S EVANS AVENUE
CHICAGO,IL606533520
NONE PC CS FOR ALL WEST SIDE / 2024 STEM LEARNING CONVENTION 50,000

PROJECT SYNCERE

8247 S CRANDON AVENUE
CHICAGO,IL60617
NONE PC CS FOR E-CADEMY & ENPOWERMENT GAMES 50,000

PROJECT UNLOADED INC

1 E ERIE ST STE 525 4787
CHICAGO,IL606283230
NONE PC PROJECT UNLOADED YOUTH COUNCIL - CHICAGO COHORT 10,000

REFLECTIONS FOUNDATION

10816 S PARNELL AVE
CHICAGO,IL606283230
NONE PC POLISHED PEBBLES GIRLS MENTORING PROGRAM 75,000

REHABILITATION INSTITUTE OF CHICAGO SHIRLEY RYAN ABILITY LAB

353 E ERIE ST
CHICAGO,IL60611
NONE PC COMMUNITY-BASED QUALITY OF LIFE PROGRAMS 5,000

RESTORING THE PATH AKA CRUSHERS CLUB

1406 WEST 64TH STREET
CHICAGO,IL60636
NONE PC CRUSHERS CLUB YOUTH VIOLENCE PREVENTION/REDUCTION 10,000

RICHMOND COMMUNITY ORCHESTRA

708 EAST MAIN STREET
RICHMOND,IN47374
NONE PC STRINGS INITIATIVE PROGRAM 5,000

ROCKING R RANCH & RESCUE INC

3099 ATTALA ROAD 1213
KOSCIUSKO,MS390904466
NONE PC MEDICAL 5,000

ROCKING R RANCH & RESCUE INC

3099 ATTALA ROAD 1213
KOSCIUSKO,MS390904466
NONE PC RESCUE IMPROVEMENTS 2,500

RUSH UNIVERSITY MEDICAL CENTER

1201 W HARRISON ST STE 300
CHICAGO,IL606121721
NONE PC MEN'S HEALTH TRAINING & RESEARCH 10,000

SCHOLARSHIP AMERICA INC

1 SCHOLARSHIP WAY
ST PETER,MN560821693
NONE PC 2024 CME GROUP FOUNDATION SCHOLARSHIP PROGRAM 600,000

SHARE OUR SPARE

935 W CHESTNUT STREET
CHICAGO,IL60642
NONE PC DOLLY PARTON IMAGINATION LIBRARY 40,000

SHARE OUR SPARE

935 W CHESTNUT STREET
CHICAGO,IL60642
NONE PC MIGRANT DIAPER SUPPORT 10,000

SINAI HEALTH SYSTEM

CALIFORNIA AVE AT 15TH ST
CHICAGO,IL606080000
NONE PC EXAMINING THE MENTAL HEALTH OF MIDDLE/HIGH SCHOOL 200,000

SINAI HEALTH SYSTEM

CALIFORNIA AVE AT 15TH ST
CHICAGO,IL606080000
NONE PC EMPOWER THEIR VOICE 70,000

SOMETHING GOOD IN ENGLEWOOD INC

6701 S EMERALD AVE
CHICAGO,IL606212509
NONE PC CONSISTENT ASSISTANCE FOR ENGLEWOOD (C.A.F.E.) 75,000

SPECIAL CHILDRENS CHARITIES

2 E 8TH ST
CHICAGO,IL60605
NONE PC EVENING RECEPTION 5,000

ST JUDE'S CHILDREN'S RESEARCH HOSPITAL

262 DANNY THOMAS PLACE
MEMPHIS,TN38105
NONE PC PATIENT CARE AT ST. JUDE 8,500

START EARLY

33 W MONROE ST SUITE 1200
CHICAGO,IL60603
NONE PC ADVANCE KINDERGARTEN READINESS AT EDUCARE ILLINOIS 50,000

START EARLY

33 W MONROE ST SUITE 1200
CHICAGO,IL60603
NONE PC START EARLY K-READINESS 50,000

START EARLY

33 W MONROE ST SUITE 1200
CHICAGO,IL60603
NONE PC THE PROMISE OF EARLY CHILDHOOD EDUCATION 15,000

TEACH PLUS INCORPORATED

2743 WORMWOOD ST 410
BOSTON,MA022101642
NONE PC EARLY CHILDHOOD EDUCATOR CHANGE AGENTS - LEVERAGING 50,000

TEACH PLUS INCORPORATED

2743 WORMWOOD ST 410
BOSTON,MA022101642
NONE PC EARLY CHILDHOOD EDUCATOR CHANGE AGENTS--LEVERAGING 50,000

TEACHERS SUPPORTING TEACHERS

641 W LAKE ST STE 200
CHICAGO,IL606611308
NONE PC TST|CPS COMPUTER SCIENCE PLC PARTNERSHIP 30,000

THE ASPEN INSTITUTE INC

ONE DUPONT CIRCLE NW SUITE 700
WASHINGTON,DC20036
NONE PC CONVERSATIONS ON FOOD JUSTICE 5,000

THE BARACK OBAMA FOUNDATION

PO BOX 779056
CHICAGO,IL606779056
NONE PC OBAMA FOUNDATION CHICAGO PROGRAMMING 200,000

THE GLOBAL FOODBANKING NETWORK

70 E LAKE ST STE 1200
CHICAGO,IL60601
NONE PC FOOD BANK ACCELERATOR PROGRAM 10,000

THE LILAC TREE - CENTER FOR DIVORCE RESOURCES

1101 DAVIS ST UNIT 510
EVANSTON,IL60204
NONE PC GENERAL OPERATIONS SUPPORT 5,000

THE NORTHWEST SYMPHONY ORCHESTRA ASSOCIATION INC

PO BOX 46
MOUNT PROSPECT,IL60056
NONE PC 2023-2024 ORCHESTRA SEASON 5,000

THE POSSE FOUNDATION

111 W JACKSON BLVD STE 1900
CHICAGO,IL60604
NONE PC TO SUPPORT GENERAL OPERATIONS OF POSSE CHICAGO 25,000

THE UNIVERSITY OF ILLINOIS FOUNDATION

303 ST MARYS ROAD
CHAMPAIGN,IL61820
NONE PC THE SCHOOL-BASED MENTAL HEALTH WORKFORCE PIPELINE 25,000

THE YMCA OF METROPOLITAN CHICAGO

1030 WEST VAN BUREN STREET
CHICAGO,IL60607
NONE PC YMCAS STEAM CLUB: K-12 COMPUTER SCIENCE 25,000

TIDES CENTER

PO BOX 29907
SAN FRANSISCO,CA941290907
NONE PC EMPOWERING STEM EDUCATION: TOOLS FOR MEASURING STEM TEACHER RETENTION 25,000

UNION LEAGUE BOYS & GIRLS CLUB

65 W JACKSON BLVD
CHICAGO,IL606043507
NONE PC ULBGC UNDERWATER ROBOTICS PROGRAM 50,000

UNION LEAGUE BOYS & GIRLS CLUB

65 W JACKSON BLVD
CHICAGO,IL606043507
NONE PC TRAUMA-INFORMED CARE FOR GIRLS 50,000

UNIVERSIDAD POPULAR (AKA LATIN CENTER)

2801 SOUTH HAMLIN AVENUE
CHICAGO,IL60623
NONE PC WE CODE JUNTOS 25,000

UNIVERSITY OF CHICAGO NETWORK FOR COLLEGE SUCCESS

969 EAST 60TH STREET
CHICAGO,IL60637
NONE PC NCS POSTSECONDARY ACCESS AND SUCCESS 25,000

UNIVERSITY OF CHICAGO

1126 E 59TH STREET
CHICAGO,IL60637
NONE PC EDUCATION LAB OPERATING SUPPORT 25,000

UNIVERSITY OF CHICAGO

1126 E 59TH STREET
CHICAGO,IL60637
NONE PC UCHICAGO CONSORTIUM ON SCHOOL RESEARCH 25,000

UNIVERSITY OF CHICAGO

1126 E 59TH STREET
CHICAGO,IL60637
NONE PC EXPANDING & SUSTAINING READY, SET, STEM! IN CPS 55,000

UNIVERSITY OF ILLINOIS AT CHICAGO

1040 WEST HARRISON OFFICE 1246
CHICAGO,IL60607
NONE PC THE READY CHILD: A PUBLIC AWARENESS CAMPAIGN 50,000

UNIVERSITY OF ILLINOIS FOUNDATION

303 ST MARYS ROAD
CHAMPAIGN,IL61820
NONE PC UNDERSTANDING & IMPROVING SERVICES - BIRTH TO 5 50,000

VOCEL VIEWING OUR CHILDREN AS EMERGING LEADERS NFP

5317 W CHICAGO AVENUE
CHICAGO,IL60651
NONE PC BUILDING EARLY LEARNING LEADERS 50,000

VOCEL VIEWING OUR CHILDREN AS EMERGING LEADERS NFP

5317 W CHICAGO AVENUE
CHICAGO,IL60651
NONE PC BELL SUPPLEMENTAL GRANT 25,000

WALL STREET BOUND

316 W 93RD ST APT 6F
NEW YORK,NY100257268
NONE PC WALL STREET BOUND 25,000

WATERFORD INSTITUTE INC

1590 E 9400 S
SANDY,UT840933009
NONE PC WATERFORD UPSTART CHICAGO 50,000

WOMENS BUSINESS DEVELOPMENT CENTER

8 S MICHIGAN AVENUE SUITE 400
CHICAGO,IL60603
NONE PC GENERAL OPERATING 5,000

WORLD CENTRAL KITCHEN INCORPORATED

200 MASSACHUSETTS AVE NW 7TH FLOOR
WASHINGTON,DC20001
NONE PC WORLD CENTRAL KITCHEN GENERAL OPERATING SUPPORT 10,000

YOUNG INVINCIBLES

1201 CONNECTICUT AVE NW
WASHINGTON,DC200362605
NONE PC SUPPORTING ILLINOIS STUDENTS AND 15TH ANNIVERSARY CELEBRATION 10,000

YOUTH GUIDANCE

1 N LA SALLE ST STE 900
CHICAGO,IL606023900
NONE PC WORKING ON WOMANHOOD (WOW) 250,000

YOUTH JOB CENTER

1114 CHURCH ST
EVANSTON,IL60201
NONE PC YJC SOUTH AND SOUTHWEST SIDE OPERATIONS 25,000

YWCA METROPOLITAN CHICAGO

1 N LA SALLE ST STE 1150
CHICAGO,IL60602
NONE PC RISE CHILDREN'S CENTER 50,000
Total .................................right arrow 3a 6,739,500
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ...........
         
4 Dividends and interest from securities ....     14 2,682,256  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 10,114  
8 Gain or (loss) from sales of assets other than
inventory ............
    18 567,679  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 3,260,049 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,260,049
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow
Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow
PTIN
Firm's name Right Arrow
Firm's EIN Right Arrow
Firm's address Right Arrow


Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
CME GROUP FOUNDATION
 
Employer identification number

45-0575574
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
CME GROUP FOUNDATION
 
Employer identification number
45-0575574
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
1
CHICAGO MERCANTILE EXCHANGE TRUST
 
20 S WACKER DR
 
CHICAGO, IL60606

$ 7,987,010


(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
CME GROUP FOUNDATION
 
Employer identification number

45-0575574
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
 
$    
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
 
$    
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
 
$    
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
 
$    
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
 
$    
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
CME GROUP FOUNDATION
 
Employer identification number

45-0575574
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I
(b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I
(b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I
(b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I
(b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
CME GROUP FOUNDATION
EIN:
45-0575574
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 31,825 15,913   15,912

TY 2024 InvestmentsOtherSchedule2
Name:
CME GROUP FOUNDATION
EIN:
45-0575574
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
OTHER INVESTMENTS AT COST 10,096,899 10,096,899

TY 2024 LegalFeesSchedule
Name:
CME GROUP FOUNDATION
EIN:
45-0575574
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 347 174   173


TY 2024 OtherAssetsSchedule
Name:
CME GROUP FOUNDATION
EIN:
45-0575574
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
INTEREST RECEIVABLE 217,212 204,659 204,659
ESCROW ACCOUNT - GRANTS 1,427,234 84,482 84,482
REFUNDABLE TAX RECEIVABLE 2,883 0 0


TY 2024 OtherDecreasesSchedule
Name:
CME GROUP FOUNDATION
EIN:
45-0575574
Description Amount
IN-KIND SERVICES 300,329


TY 2024 OtherExpensesSchedule
Name:
CME GROUP FOUNDATION
EIN:
45-0575574
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 16,817 0   16,817
MEALS AND ENTERTAINMENT 1,808 0   1,808
OFFICE EXPENSES 2,641 0   0
PARTNERSHIP EXPENSES 30,500 0   0
BAD DEBT EXPENSE 120,367 0   120,367
BANK FEES 6,206 6,206   0
OTHER EXPENSES 31,695 31,695   31,695


TY 2024 OtherIncomeSchedule2
Name:
CME GROUP FOUNDATION
EIN:
45-0575574
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIP INCOME 19 19 19
PARTNERSHIP INCOME 10,095 10,095 10,095


TY 2024 OtherIncreasesSchedule
Name:
CME GROUP FOUNDATION
EIN:
45-0575574
Description Amount
UNREALIZED GAIN/LOSS ON INVESTMENTS 549,682
CONTRIBUTED SERVICES 300,329
NET ADJUSTMENT FROM PARTNERSHIPS 11,045
BOOK/TAX ADJUSTMENT 67,290


TY 2024 OtherProfessionalFeesSchedule
Name:
CME GROUP FOUNDATION
EIN:
45-0575574
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING FEES 129,643 0   129,643
INVESTMENT MANAGEMENT FEES 11,326 11,326   0


TY 2024 TaxesSchedule
Name:
CME GROUP FOUNDATION
EIN:
45-0575574
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX WITHHELD 3,059 3,059   0
FEDERAL EXCISE TAX 57,000 57,000   0