Chicago Community Trust
| Founded | 1915 |
|---|---|
| Founder | Norman Wait Harris and Albert Wadsworth Harris |
| Type | Community Foundation |
| Location | |
|
Area served
|
Chicago |
|
Key people
|
|
| Endowment | $2.3 billion (2015) |
|
Employees
|
51–200 |
| Website | cct |
Chicago Community Trust (CCT), headquartered in Chicago, Illinois, is a community foundation made to (according to their website) "give local residents an opportunity to support their community in perpetuity".
The CCT was founded in 1915 by bankers Norman Wait Harris and Albert Wadsworth Harris, and was initially presented to the board of Harris Trust & Savings Bank. The first donation of the CCT was $200,000. Norman died the following year, with his son Albert taking over the CCT.
An early history of the CCT was written by Frank D. Loomis, an early leader of the CCT. It covers the CCT and its development during 1915–1962. However, this account does not criticise the CCT or the motives of any of its trustees.
Loomis later wrote a more detailed piece on the development of community foundations, after his retirement from the CCT. In this piece, Loomis mentioned how he thinks banks shouldn't be handling non-profit organizations as it points to their greedier motives, and raised the question: "A bank is a corporation organized for profit; should it also manage and control a charitable institution organized not-for-profit?"
The CCT is also the second oldest and one of the largest community foundations in the United States.
The CCT offers a variety of grants such as:
The CCT offers grants through partnerships, such as:
The CCT also offers grants through its own initiatives such as:
The CCT awards grants to nonprofit organizations that can provide evidence of tax-exempt status under Section 501(c)(3) of the Internal Revenue Code that are not classified as private foundations. All grants also have individual criteria.
Grants are only awarded to organizations that benefit those livings in the Chicago region, and only awards grants in the following counties:
Some of the Community Sponsors of the CCT include:
Some of the Supporting Sponsors of the CCT include:
Some of the Centennial Sponsors of the CCT include:
...
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