Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Glasser and Rosenthal Family Foundation
EIN 45-3577069 • 501(c)3 • Chicago, IL
Profile
The Foundation is organized and operated to foster, support, develop and maintain charitable activities and vital human and educational services by supporting and carrying out the charitable purposes of The Chicago Community Trust and The Chicago Community Foundation by such means as the board of directors of the organization may determine from time to time.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
10th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
87th percentile
Higher top officer pay than 87% of similar nonprofits.
Top officer pay equals 49.5% of source-year revenue.
Asset Growth
2nd percentile
Faster asset growth than 2% of similar nonprofits.
Revenue Growth
95th percentile
Faster revenue growth than 95% of similar nonprofits.
Balance Sheet
Assets
Down$0
Down $3,761,507 (-100%) from 2020
Liabilities
Down$0
Down $27,908 (-100%) from 2020
Net Assets
Down$0
Down $3,733,599 (-100%) from 2020
Revenue
Up$604,291
Up $383,368 (+174%) from 2020
Expenses
Up$4,337,890
Up $4,109,086 (+1796%) from 2020
Net Income
Down-$3,733,599
Down $3,725,718 (-47275%) from 2020
Trend Graphs
Filings
Most recent year
2021 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $0
- Liabilities
- $0
- Net assets
- $0
- Revenue
- $604,291
- Expenses
- $4,337,890
- Net income
- -$3,733,599
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Oct 1, 2020 to Aug 9, 2021
- Signed
- Aug 3, 2022
- Return Version
- 2020v4.2
- Gross Receipts
- $8,851,596
Mission and Program Overview
Mission
The Foundation is organized and operated to foster, support, develop and maintain charitable activities and vital human and educational services by supporting and carrying out the charitable purposes of The Chicago Community Trust and The Chicago Community Foundation by such means as the board of directors of the organization may determine from time to time.
Philanthropic Foundation that provides support to tax exempt charitable organizations.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $3,251,686 | $0 | ▼ $3,251,686 |
| Savings and Temporary Cash Investments | $501,875 | $0 | ▼ $501,875 |
| Cash and Non-Interest-Bearing Accounts | $7,946 | $0 | ▼ $7,946 |
| Accounts Receivable | - | $0 | - |
| Other Notes and Loans Receivable, Net | - | $0 | - |
| Pledges and Grants Receivable | - | $0 | - |
| Receivable From Disqualified Prsn | - | $0 | - |
| Receivables From Officers Etc | - | $0 | - |
| Investments Other Securities | - | $0 | - |
| Investments Program Related | - | $0 | - |
| Land, Buildings, and Equipment, Net | - | $0 | - |
| Intangible Assets | - | $0 | - |
| Inventories for Sale or Use | - | $0 | - |
| Prepaid Expenses and Deferred Charges | - | $0 | - |
| Total Assets | $3,761,507 | $0 | ▼ $3,761,507 |
| Other Assets Total | - | $0 | - |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $27,908 | - | - |
| Total Liabilities | $27,908 | $0 | ▼ $27,908 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $3,733,599 | $0 | ▼ $3,733,599 |
| Total Net Assets Fund Balance | $3,733,599 | $0 | ▼ $3,733,599 |
| Total Liabilities and Net Assets / Fund Balance | $3,761,507 | $0 | ▼ $3,761,507 |
Endowment Activity
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2020 | $3,733,599 | - | ▲ $604,291 | - | - |
| 2019 | $3,400,248 | - | ▲ $562,155 | - | $3,733,599 |
| 2018 | $3,466,826 | - | ▲ $99,169 | - | $3,400,248 |
| 2017 | $3,474,205 | - | ▲ $146,952 | - | $3,466,826 |
| 2016 | $3,186,825 | - | ▲ $432,756 | - | $3,474,205 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Mary Glasser | President & Director (until 08/09/21) |
| Sam Rosenthal | President & Director (until 08/09/21) |
| Jason Baxendale | Asst. Treas. & Director (until 08/09/21) |
| Dan Glasser | Director (until 08/09/21) |
| Prue Beidler | Director (until 08/09/21) |
| Matthew Bonaguidi | VP & Director (until 08/09/21) |
| Jessica Strausbaugh | Assistant Treasurer (until 08/09/21) |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $0
- Investment Income
- $604,291
- Other Revenue
- $0
- Change in Net Assets
- $-3,733,599
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $4,323,226 |
| Other Expenses | $14,664 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $4,323,226 | - | - | $4,323,226 |
| Fees for Services Other | - | $3,600 | - | $3,600 |
| Other Expenses | $5,520 | $25 | - | $25 |
| Total Functional Expenses | $4,328,746 | $9,144 | $0 | $4,337,890 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| The Chicago Community Foundation | Chicago, IL | 501(c)(3) | To support affinity funds (AAL, LGBTQ, PWD, YL), WRT fund and the Capacity Building Fund | $1,270,000 |
| The Chicago Community Trust | Chicago, IL | 501(c)(3) | To support Bandwith Music, Lost Boyz, Inc., Cultural Arts Fund and Capacity Building Fund | $890,000 |
| Chicago Coalition for the Homeless | Chicago, IL | 501(c)(3) | General operating support | $256,613 |
| Greater Chicago Food Depository | Chicago, IL | 501(c)(3) | General operating support | $256,613 |
| Automotive Mentoring Group Inc | Bedford Park, IL | 501(c)(3) | General operating support | $100,000 |
| Chicago High School for the Arts | Chicago, IL | 501(c)(3) | General operating support | $100,000 |
| Erie Family Health Center Inc | Chicago, IL | 501(c)(3) | General operating support | $100,000 |
| Heartland Alliance for Human Needs & Human Rights | Chicago, IL | 501(c)(3) | General operating support | $100,000 |
| International Neighborhood Collaborative | Chicago, IL | 501(c)(3) | General operating support | $100,000 |
| Jewish United Fund of Chicago | Chicago, IL | 501(c)(3) | General operating support | $100,000 |
| John G Shedd Aquarium | Chicago, IL | 501(c)(3) | General operating support | $100,000 |
| Lincoln Park Zoological Society | Chicago, IL | 501(c)(3) | General operating support | $100,000 |
| Museum of Science and Industry | Chicago, IL | 501(c)(3) | General operating support | $100,000 |
| The Posse Foundation Inc | Chicago, IL | 501(c)(3) | General operating support | $100,000 |
| Reflections Foundation | Chicago, IL | 501(c)(3) | General operating support | $80,000 |
| Bella Cuisine | Chicago, IL | 501(c)(3) | General operating support | $70,000 |
| I Grow Chicago NFP | Chicago, IL | 501(c)(3) | General operating support | $70,000 |
| Creativets | Addison, IL | 501(c)(3) | General operating support | $65,000 |
| Latinas on the Plaza | Hinsdale, IL | 501(c)(3) | General operating support | $55,000 |
| En Las Tablas Performing Arts NFP | Chicago, IL | 501(c)(3) | General operating support | $50,000 |
| Kusanya Cafe | Chicago, IL | 501(c)(3) | General operating support | $50,000 |
| Greenwood Project | Chicago, IL | 501(c)(3) | General operating support | $45,000 |
| Math Circles of Chicago | Chicago, IL | 501(c)(3) | General operating support | $40,000 |
| Ideal Candidate NFP | Park Forest, IL | 501(c)(3) | General operating support | $35,000 |
| Lost Boyz | Chicago, IL | 501(c)(3) | General operating support | $30,000 |
| One on One | Chicago, IL | 501(c)(3) | General operating support | $30,000 |
| Bandwith Music LTD | Chicago, IL | 501(c)(3) | General operating support | $20,000 |
| Chance Center | Chicago, IL | 501(c)(3) | General operating support | $10,000 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Insider Transactions and Loans
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Audit committee
- No
- Business relationship with 35% controlled entity
- No
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- Yes
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- No
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- No
- Audited financial statements prepared
- Yes
- Key decisions subject to board approval
- Yes
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, line 2
“Samuel Rosenthal has a familial relationship with Dan Glasser and Mary Glasser. Matt Bonaguidi works for Gresham Partners LLC, an investment advisory firm that provides investment consulting for both the Glasser and Rosenthal families and their private foundation. Jason Baxendale and Jessica Strausbaugh (CFO of The Chicago Community Trust) are both compensated employees of The Chicago Community Trust, a related supported organization, and officers of The Glasser and Rosenthal Family Foundation. Mr. Baxendale serves as Director and the Assistant Treasurer, and Ms. Strausbaugh serves as an Assistant Treasurer.”
Form 990, Part VI, Section A, line 4
“The Glasser and Rosenthal Family Foundation filed Articles of Dissolution during the fiscal year.”
Form 990, Part VI, Section A, line 6
“The members of the Glasser and Rosenthal Family Foundation are The Chicago Community Trust (the "Trust Member") and The D and R Fund (the "Fund Member").”
Form 990, Part VI, Section A, line 7A
“Directors are divided into two classes as follows: a) Class A consists of two directors appointed or heretofore approved by the Fund Member. b) Class B consists of three directors appointed or heretofore approved by the Trust Member. One or more directors may be removed, with cause. Any Class A director may be removed by the Fund Member. Any Class B director may be removed by the Trust Member.”
Form 990, Part VI, Section A, line 7B
“A majority of the Glasser and Rosenthal Family Foundation's (Corporation) Board of Directors are appointed by the Chicago Community Trust (Trust Member), as provided by the by-laws. Upon dissolution, the Corporation's remaining assets would be distributed to the Trust Member's endowment for its general charitable purposes. The Trust Member also possesses the ability to approve changes to the Corporation's By-Laws and Articles of Incorporation.”
Form 990, Part VI, Section B, line 11B
“The Form 990 is reviewed by the Assistant Treasurer and Director before filing with the IRS. The report is subsequently shared with the full board.”
Form 990, Part VI, Section C, line 19
“A copy of the governing documents, conflict of interest policy and financial statement are available upon request for the same period of disclosure as set forth in IRC Section 6104(d). Currently, the organization does not have a formal conflict of interest policy, whistleblower policy, or document retention & destruction policy but is currently following the policies of The Chicago Community Trust.”
Form 990, Part VII, Section A, Column B, Board Activities:
“Activities of the Board include: attending and preparing for Board meetings, grant reviews, strategic planning, and various administrative matters; serving on various sub-committees of the Foundation; recruiting new Board members; and representing the Foundation at various events.”
Filing and Contact Details
Filer
- Filer Name
- Glasser and Rosenthal Family Foundation
- EIN
- 45-3577069
- Phone
- 3126168000
- Address
- 33 S State No 750, Chicago, IL 60603
Signing Officer
- Name
- Jason Baxendale
- Title
- Assistant Treasurer/Director
- Phone
- 3126168000
- Signed
- 2022-08-03
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Jason Baxendale
- Formed
- 2011
- Legal Domicile
- Il
- Voting Board Members
- 6
- Independent Board Members
- 5
- Employees
- 0
- Volunteers
- 6
Preparer
- Firm
- Rsm US Llp
- Address
- 30 S Wacker Drive Suite 3300, Chicago, IL 60606
- Preparer
- Rebekuh Eley
- Phone
- 3126343400
Supplemental Narrative
Additional Explanations
Form 990, Part III, line 3
“The Glasser and Rosenthal Family Foundation was dissolved as of August 9, 2021 and, thus, this will be its final year filing a Form 990 return. As part of the dissolution, cash distributions were made to various charitable organizations in June 2021. See Schedule N for details.”
Form 990, Part XII, Line 2C, Financial Statements and Reporting:
“The audit committee of the supported organization, The Chicago Community Trust, assumes responsibility for oversight of the audit, review of the financial statements, and selection of the independent accountants.”
Financial Statement Notes
Part V, Line 4:
“The organization's endowment is to provide resources to achieve the mission and goals of the Glasser and Rosenthal Family Foundation.”
Part X, Line 2:
“The Trust and its affiliates received tax determination letters from the Internal Revenue Service indicating that they are tax-exempt organizations under Section 501(c)(3) of the Internal Revenue Code and, except for taxes pertaining to unrelated business income, are exempt from federal and state income taxes. In fiscal year 2021, provision has been made for income taxes in the accompanying consolidated financial statements for unrelated business income of $490,000. The Trust and its affiliates account for uncertain tax positions in accordance with FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes (included in FASB ASC Subtopic 740-10, Income Taxes - Overall). There is no impact on the consolidated financial statements as a result of this pronouncement as the Trust and its affiliates have no significant uncertain tax positions.”
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| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | IL |
| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 8247305 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 1 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | The Foundation is organized and operated to foster, support, develop and maintain charitable activities and vital human and educational services by supporting and carrying out the charitable purposes of The Chicago Community Trust and The Chicago Community Foundation by such means as the board of directors of the organization may determine from time to time. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 3733599 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 0 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | 537284 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 537284 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 3733599 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 0 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | Expense Reimbursements |
| IRS990/OtherExpensesGrp/Desc | 1 | Bank Fees |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 5519 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 25 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 5520 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 11039 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 25 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | Jason Baxendale |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
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| IRS990/PYOtherRevenueAmt | 0 | 0 |
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| IRS990/PYTotalRevenueAmt | 0 | 220923 |
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| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 501875 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 0 |
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| IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd | 0 | 1 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgClassDesignatedInd | 0 | 1 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd | 0 | 0 |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd | 0 | 1 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | Monetary support to supported organizations by charitable class or purpose was $4,323,226. See Schedule I and Schedule A narratives for details. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 1 | Glasser and Rosenthal Family Foundation (Glasser) is a supporting organization of The Chicago Community Trust (Trust). Other supported organizations are designated through the same charitable class or purpose as that of the Trust. The mission of the Trust is to lead and inspire philanthropic efforts that measurably improve the quality of life and prosperity of the region. As of 9/30/21, the governing board of the Trust had 15 members and 2 vacancies and has the power to appoint the majority of the Governing Board of Glasser. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 2 | Glasser supports the charitable purpose of the Trust by making grants to charitable organizations that operate exclusively to perform the functions or to carry out the purposes of the Trust by promoting the mental, moral, intellectual and physical improvements, assistance and relief of the inhabitants of the greater Chicago Metropolitan area. Grants made by Glasser greater than $5,000 are listed on Schedule I. These supported organizations are designated by class or purpose and support the charitable purpose of the Trust. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | Form 990, Schedule A, Part I, Line 12g: |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 1 | Form 990, Schedule A, Part IV, Line 1: |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 2 | Form 990, Schedule A, Part IV, Lines 5a and 5b: |
| IRS990ScheduleA/OtherSupportSumAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrganizationsCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrganizationsTotalCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 0 | 362167000 |
| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd | 0 | 8 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt | 0 | 890000 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 0 | The Chicago Community Trust |
| IRS990ScheduleA/SupportingOrganization509a3Ind | 0 | X |
| IRS990ScheduleA/SupportingOrgType1Ind | 0 | X |
| IRS990ScheduleA/SupportSumAmt | 0 | 890000 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/BoardDesignatedBalanceEOYPct | 0 | 1.00000 |
| IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 14664 |
| IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 3733599 |
| IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 4323226 |
| IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 604291 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 23960 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 3400248 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 3733599 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 204844 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 562155 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 18361 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 3466826 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 3400248 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 147386 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 99169 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 17939 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 3474205 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 3466826 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 136392 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 146952 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 16826 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 3186825 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 3474205 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 128550 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 432756 |
| IRS990ScheduleD/EndowmentsHeldRelatedOrgInd | 0 | 0 |
| IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd | 0 | 0 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct | 0 | 0.00000 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | The organization's endowment is to provide resources to achieve the mission and goals of the Glasser and Rosenthal Family Foundation. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | The Trust and its affiliates received tax determination letters from the Internal Revenue Service indicating that they are tax-exempt organizations under Section 501(c)(3) of the Internal Revenue Code and, except for taxes pertaining to unrelated business income, are exempt from federal and state income taxes. In fiscal year 2021, provision has been made for income taxes in the accompanying consolidated financial statements for unrelated business income of $490,000. The Trust and its affiliates account for uncertain tax positions in accordance with FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes (included in FASB ASC Subtopic 740-10, Income Taxes - Overall). There is no impact on the consolidated financial statements as a result of this pronouncement as the Trust and its affiliates have no significant uncertain tax positions. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part V, Line 4: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part X, Line 2: |
| IRS990ScheduleD/TermEndowmentBalanceEOYPct | 0 | 0.00000 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | 1 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 1270000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 1 | 890000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 2 | 256613 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 3 | 256613 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 4 | 100000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 5 | 100000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 6 | 100000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 7 | 100000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 8 | 100000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 9 | 100000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 10 | 100000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 11 | 100000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 12 | 100000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 13 | 100000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 14 | 80000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 15 | 70000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 16 | 70000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 17 | 65000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 18 | 55000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 19 | 50000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 20 | 50000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 21 | 45000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 22 | 40000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 23 | 35000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 24 | 30000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 25 | 30000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 26 | 20000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 27 | 10000 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 0 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 1 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 2 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 3 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 4 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 5 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 6 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 7 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 8 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 9 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 10 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 11 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 12 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 13 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 14 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 15 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 16 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 17 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 18 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 19 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 20 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 21 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 22 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 23 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 24 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 25 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 26 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 27 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | To support affinity funds (AAL, LGBTQ, PWD, YL), WRT fund and the Capacity Building Fund |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 1 | To support Bandwith Music, Lost Boyz, Inc., Cultural Arts Fund and Capacity Building Fund |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 2 | General operating support |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 3 | General operating support |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 4 | General operating support |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 5 | General operating support |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 6 | General operating support |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 7 | General operating support |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 8 | General operating support |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 9 | General operating support |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 10 | General operating support |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 11 | General operating support |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 12 | General operating support |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 13 | General operating support |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 14 | General operating support |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 15 | General operating support |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 16 | General operating support |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 17 | General operating support |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 18 | General operating support |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 19 | General operating support |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 20 | General operating support |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 21 | General operating support |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 22 | General operating support |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 23 | General operating support |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 24 | General operating support |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 25 | General operating support |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 26 | General operating support |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 27 | General operating support |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | The Chicago Community Foundation |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 1 | The Chicago Community Trust |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 2 | Greater Chicago Food Depository |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 3 | Chicago Coalition for the Homeless |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 4 | Automotive Mentoring Group Inc |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 5 | Chicago High School for the Arts |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 6 | Erie Family Health Center Inc |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 7 | International Neighborhood Collaborative |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 8 | Heartland Alliance for Human Needs & Human Rights |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 9 | Jewish United Fund of Chicago |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 10 | John G Shedd Aquarium |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 11 | Lincoln Park Zoological Society |
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