Chicago Loop Alliance Foundation
AI Summary
The Chicago Loop Alliance Foundation (CLAF) is a nonprofit organization dedicated to economic development, tourism, and education within the Chicago Loop. With an operating budget of $598.7K and total revenue of $506.3K for the 2024 filing year, CLAF supports artistic, cultural, and public events that benefit local businesses and stakeholders. The foundation receives significant funding from organizations such as The Chicago Community Trust and CHARITIES AID FOUNDATION AMERICA, among others, and does not rely on any single funder for more than 50% of its revenue.
Mission Statement
The mission of the Chicago Loop Alliance Foundation (CLAF). a 501 (c)(3) corporation, is to develop, support and promote artistic, cultural, and public events that benefit businesses, individuals and stakeholders within in the service area of Chicago Loop Alliance (CLA). CLAF is affiliated with Chicago Loop Alliance, which is a 501 (c)(6) organization whose mission is to strengthen the Loop?s competitive position as a mixed-use destination and to promote economic development and tourism in the Loop. CLA members consist of over 200 businesses and organizations located within the Loop and Chicago
Cause Areas
3
Economic development
Tourism
Education
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is Chicago Loop Alliance Foundation’s budget?
In 2024, Chicago Loop Alliance Foundation reported an annual operating budget of around $599 thousand. More detailed financial information is available to registered users.
What causes does Chicago Loop Alliance Foundation support?
Chicago Loop Alliance Foundation supports work in Economic development, Tourism, and Education.
Where does Chicago Loop Alliance Foundation operate?
Chicago Loop Alliance Foundation is headquartered in Chicago, IL.
Who funded Chicago Loop Alliance Foundation recently?
In 2025, Chicago Loop Alliance Foundation received grants from CHARITIES AID FOUNDATION AMERICA, THE ALLSTATE FOUNDATION, and DRAPER AND KRAMER FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant Chicago Loop Alliance Foundation received in 2023?
The largest grant to Chicago Loop Alliance Foundation in 2023 exceeds $15 thousand.