Better Business Bureau Report for
Chicago Foundation for Women

Better Business Bureau Report issued August 2014
Better Business Bureau Report expires August 2016



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Charity Contact Information

Name: Chicago Foundation for Women
Address: 1 East Wacker Drive
Suite 1620
  Chicago, IL 60601
Phone: 312-577-2801
Web Address: www.cfw.org
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Better Business Bureau Comments

Year, State Incorporated: 1985, Illinois
Affiliates: None
Stated Purpose: Chicago Foundation for Women is a grant-making organization dedicated to increasing resources and opportunities for women and girls in the greater Chicago area. To support its philanthropy, the Foundation promotes increased investment in women and girls, raises awareness about their issues and potential, and develops them as leaders and philanthropists.

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Evaluation Conclusions

              

The BBB of Chicago & Northern Illinois requested but did not receive complete information on the organization’s governance and oversight, finances, and solicitation materials and is unable to verify the organization's compliance with the following 3Standards for Charity Accountability: 3, 13, and 15.
Chicago Foundation for Women (CFW) meets the remaining 17 Standards for Charity Accountability.
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Programs

              

Chicago Foundation for Women has awarded nearly $22 million in grants to more than 3,000 organizations offering direct service or engaging in advocacy projects that improve the lives of women and girls, focusing on three areas of women's rights: expanding economic security, freedom from violence, and enhancing access to health services and information. In addition to grantmaking, the organization provides training and technical assistance to grantees, covering such topics as fundraising, communications, governance and financial oversight. Chicago Foundation for Women offers leadership development, focusing on under-represented communities. The Foundation also offers training on nonprofit board service through the Board Boot Camp program. The Foundation emphasizes the value and necessity of analyzing economic and social issues through a "gender lens", and convenes a wide spectrum of community stakeholders and partners, including grantees, activists, academics, donors, business leaders and policy makers, to inform and participate as a prominent voice for women and girls around major issues confronting the Chicago region.

For the fiscal year ended June 30, 2013, CFW's program expenses were:

  
Grantmaking 2,255,899
Leadership development 314,564
Public policy and advocacy 289,312
Grantee education and support 155,835
Total Program Expenses: $3,015,610
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Governance

              

Chief Executive : K. Sujata, President/CEO
Compensation*: 
$141,691

Chair of the Board: Wendy A. Manning
Chair's Profession / Business Affiliation: Communications & Marketing

Board Size: 28

Paid Staff Size: 12

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

direct mail, telephone, invitations to fund raising events, grant proposals, internet, planned giving arrangements
Fund raising costs were 4% of related contributions. (Related contributions, which totaled $8,402,672, are donations received as a result of fund raising activities.)
CFW incurred joint costs of $23,086 for informational materials and activities that included fund raising materials. Of those costs $11,543 was allocated to program expenses, $7,701 was allocated to fund raising expenses, and $3,842 was allocated to administrative expenses.
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on CFW's audited financial statements for the fiscal year ended June 30, 2013.

Source of Funds  
Contributions and grants 8,269,713
Investment return 828,768
Special events 713,483
In-kind contributions 132,959
Other Income 4,844
Total Income $9,949,767


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Uses of Funds as a % of Total Expenses

Programs: 88%  Fund Raising: 9%  Administrative: 3% 

Total income $9,949,767
Program expenses $3,015,610
Fund raising expenses 324,175
Administrative expenses 104,076
Total expenses $3,443,861
Income in Excess of Expenses 6,505,906
Beginning net assets 6,187,355
Ending net assets 12,693,261
Total liabilities 277,276
Total assets $12,970,537


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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