Onechicagofund

“The form 990 is provided to the board of directors prior to the submission to the irs. The funds executive director works with the funds legal counsel and auditors to be sure the return is complete and accurate.”

“The process for determining whether a conflict of interest exists requires that conflicts of interest are disclosed prior to any meeting of the boards of directors. Any conflict is required to be disclosed in the minutes of the board of directors meeting. Violation of the conflict of interest policy can lead to removal from the board.”

“No documents available to the public.”

“The fund or its representatives serves as a donor advisor with respect to donor advised funds administered by a local chicago charity. The local charity owns the donor advised funds and has final authority over any distributions. The fund has, however, spearheaded significant funraising efforts directed at encouraging third parties to make contributions to these donor advised funds. From inception the fund has generated approximately 77 million in contributions and pledges in support of charitable and educational initiatives in the city of chicago, the vast majority of which have been made to these donor advised funds and other local charities rather than to the fund itself. Amounts shown on part viii do not include any amounts contributed to these donor advised funds.”

“The fund achieves its purpose by a supporting initiatives of the city of chicago and its sister agencies that further such purposes, b increasing community, foundation, and civic involvement with and support for such initiatives, c providing mechanisms through which public, private, and not-for-profit sector resources can be utilized for such initiatives, d directing resources towards areas of identified need consitent with code section 501c3, and e such other means as are appropriate and consistent with the purpose of the fund, and including all activities incidental or related thereto.”

“, Line 4A FROM ITS INCEPTION, THE FUND HAS GENERATED APPROXIMATELY 77 MILLION IN CONTRIBUTIONS AND PLEDGES IN SUPPORT OF A VARIETY OF CHARITABLE AND EDUCATIONAL INITIATIVES IN THE CITY OF CHICAGO. THE VAST MAJORITY OF THESE CONTRIBUTIONS AND PLEDGES HAVE, THROUGH THE EFFORTS OF THE FUND, BEEN MADE TO LOCAL DONOR ADVISED FUNDS AND CHARITIES, ALTHOUGH SOME HAVE BEEN MADE DIRECTLY TO THE FUND ITSELF. THE FUND IS NOT COMPENSATED FOR ITS FUNDRAISING EFFORTS ON BEHALF OF THESE DONOR ADVISED FUNDS AND CHARITIES.”

“The fund has focused its fundraising and grant making activities on the priority areas of public safety, arts and culture, open space, and education. Selected highlights within those priority areas include the following”

“Public safety - the funds early efforts led to the successful raising of almost 50 million to support public safety initiatives in the city of chicago.”

“Arts and culture - the fund has assumed the lead role in securing philanthropic support for the chicago architecture biennial, a first-of-its-kind international forum on architecture and the designed environment held in chicago in 2015 and 2017. The fund has raised approximately 8 million in support for the biennial. The fund also raised 1 million in charitable support for a public festival along the chicago river.”

“Open space - the fund secured 20 million in donations and pledges to the maggie daley park fund a donor advised fund at a local charity to be used to assist in the building and completion of maggie daley park, a project of the chicago park district. The dynamic, sustainable, multi-functional 20-acre park reaches out to the local neighborhood as well as the larger chicago community and visitor population.”

“The fund or its representatives serves as a donor advisor with respect to donor advised funds administered by a local chicago charity. The local charity owns the donor advised funds and has final authority over any distributions. The fund has, however, spearheaded significant fundraising efforts directed at encouraging third parties to make contributions to these donor advised funds. From inception the fund has generated approximately 77 million in contributions and pledges in support of charitable and educational initiatives in the city of chicago, the vast majority of which have been made to these donor advised funds and other local charities rather than to the fund itself. Amounts shown on part ix should be considered with the additional context of the contributions made to the aforementioned donor advised funds and other local charities.”