Michael & Carrie Gidwitz Charitable Foundation Inc

Chicago, IL
Tax-exempt since Nov. 1951
EIN: 36-6033800

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$203k (2025)

Expenses

$145k (2025)

Total Assets

$526k (2025)

Total Liabilities

$0 (2025)

Source: Form 990 tax filings from 2011 to 2025

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Nov.
2025

Revenue

$203,247

Expenses

$145,001

Net Income

$58,246

Net Assets

$525,556

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.0%
Dividends	$14,043	6.9%
Sales of Assets	$189,202	93.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$123,825	85.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$525,556
Total Liabilities	$0
Net Assets	$525,556

Compensation

Key Employees and Officers	Compensation	Other
Michael Gidwtiz Ii (President/Treasurer)	$0	$0
Dorothy Wallace (Vice President/Secretary)	$0	$0

990-PF

Filed on Jan. 27, 2026

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Nov.
2024

Revenue

$119,608

Expenses

$125,625

Net Income

-$6,017

Net Assets

$467,310

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,084	1.7%
Interest Revenue	$21	0.0%
Dividends	$19,973	16.7%
Sales of Assets	$97,530	81.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$108,391	86.3%
Compensation of Officers*	$1,000	0.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$467,310
Total Liabilities	$0
Net Assets	$467,310

Compensation

Key Employees and Officers	Compensation	Other
Dorothy Wallace (Vice President/Secretary)	$1,000	$0
Michael Gidwitz Ii (President/Treasurer)	$0	$0

990-PF

Filed on Jan. 23, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Nov.
2023

Revenue

$352,802

Expenses

$118,353

Net Income

$234,449

Net Assets

$473,327

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$233,114	66.1%
Interest Revenue	$5	0.0%
Dividends	$21,845	6.2%
Sales of Assets	$97,838	27.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$109,010	92.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$473,327
Total Liabilities	$0
Net Assets	$473,327

Compensation

Key Employees and Officers	Compensation	Other
Michael Gidwitz Ii (President/Treasurer)	$0	$0
Dorothy Wallace (Vice President/Secretary)	$0	$0

990-PF

Filed on Feb. 29, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2022

Revenue

$149,153

Expenses

$123,475

Net Income

$25,678

Net Assets

$238,878

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6	0.0%
Dividends	$25,882	17.4%
Sales of Assets	$123,265	82.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$105,000	85.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$239,877
Total Liabilities	$999
Net Assets	$238,878

Compensation

Key Employees and Officers	Compensation	Other
Michael Gidwitz Ii (President/Treasurer)	$0	$0
Dorothy Wallace (Vice President/Secretary)	$0	$0

990-PF

Filed on April 17, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2021

Revenue

$89,616

Expenses

$73,865

Net Income

$15,751

Net Assets

$213,200

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$24,859	27.7%
Sales of Assets	$64,756	72.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$69,180	93.7%
Compensation of Officers*	$3,000	4.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$214,602
Total Liabilities	$1,402
Net Assets	$213,200

Compensation

Key Employees and Officers	Compensation	Other
Dorothy Wallace (Vice President/Secretary)	$3,000	$0
Michael Gidwitz Ii (President/Treasurer)	$0	$0

990-PF

Filed on April 17, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2020

Revenue

$21,379

Expenses

$62,616

Net Income

-$41,237

Net Assets

$197,449

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.0%
Dividends	$22,060	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$53,000	84.6%
Compensation of Officers*	$3,450	5.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$198,447
Total Liabilities	$998
Net Assets	$197,449

Compensation

Key Employees and Officers	Compensation	Other
Dorothy Wallace (Vice President/Secretary)	$3,450	$0
Michael Gidwitz Ii (President/Treasurer)	$0	$0

990-PF

Filed on Jan. 22, 2021

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending Nov.
2019

Revenue

$163,281

Expenses

$55,218

Net Income

$108,063

Net Assets

$238,685

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$50	0.0%
Dividends	$28,775	17.6%
Sales of Assets	$134,456	82.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$50,100	90.7%
Compensation of Officers*	$3,000	5.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$238,686
Total Liabilities	$1
Net Assets	$238,685

Compensation

Key Employees and Officers	Compensation	Other
Michael Gidwitz Ii (President/Treasurer)	$0	$0
Dorothy Wallace (Vice President/Secretary)	$0	$0

990-PF

Filed on April 13, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2018

Revenue

$25,661

Expenses

$49,256

Net Income

-$23,595

Net Assets

$130,623

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$25,660	100.0%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$49,256	100%
Compensation of Officers*	$3,000	6.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$130,623
Total Liabilities	$0
Net Assets	$130,623

Compensation

Key Employees and Officers	Compensation	Other
Dorothy Wallace (Vice President/Secretary)	$3,000	$0
Michael Gidwitz Ii (President/Treasurer)	$0	$0

990-PF

Filed on March 4, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2017

Revenue

$61,049

Expenses

$44,078

Net Income

$16,971

Net Assets

$154,218

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8	0.0%
Dividends	$23,894	39.1%
Sales of Assets	$37,021	60.6%
Other Income	$126	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$43,983	99.8%
Compensation of Officers*	$3,000	6.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$154,218
Total Liabilities	$0
Net Assets	$154,218

Compensation

Key Employees and Officers	Compensation	Other
Dorothy Wallace (Vice President/Secretary)	$3,000	$0
Michael Gidwitz Ii (President/Treasurer)	$0	$0

990-PF

Filed on Jan. 19, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2016

Revenue

$25,478

Expenses

$43,059

Net Income

-$17,581

Net Assets

$137,247

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8	0.0%
Dividends	$26,674	> 100%
Sales of Assets	-$1,204
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$41,804	97.1%
Compensation of Officers*	$2,000	4.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$137,247
Total Liabilities	$0
Net Assets	$137,247

Compensation

Key Employees and Officers	Compensation	Other
Dorothy Wallace (Vice Pres/Secr)	$2,000	$0
Michael Gidwitz Ii (President/Treas)	$0	$0

990-PF

Filed on Jan. 18, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Nov.
2015

Revenue

$103,951

Expenses

$44,876

Net Income

$59,075

Net Assets

$154,828

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$25,802	24.8%
Sales of Assets	$78,146	75.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$44,118	98.3%
Compensation of Officers*	$2,000	4.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$154,828
Total Liabilities	$0
Net Assets	$154,828

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2014

Revenue

$50,781

Expenses

$45,205

Net Income

$5,576

Net Assets

$96,365

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.0%
Dividends	$25,790	50.8%
Sales of Assets	$24,989	49.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$43,661	96.6%
Compensation of Officers*	$2,000	4.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$96,365
Total Liabilities	$0
Net Assets	$96,365

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2013

Revenue

$30,659

Expenses

$40,321

Net Income

-$9,662

Net Assets

$90,789

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4	0.0%
Dividends	$23,779	77.6%
Sales of Assets	$6,876	22.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$39,622	98.3%
Compensation of Officers*	$2,000	5.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$90,789
Total Liabilities	$0
Net Assets	$90,789

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2012

Revenue

$28,843

Expenses

$35,810

Net Income

-$6,967

Net Assets

$100,451

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$10	0.0%
Dividends	$21,165	73.4%
Sales of Assets	$7,668	26.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$35,323	98.6%
Compensation of Officers*	$2,000	5.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$100,451
Total Liabilities	$0
Net Assets	$100,451

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2011

Revenue

$15,236

Expenses

$30,135

Net Income

-$14,899

Net Assets

$107,418

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$18,080	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$29,803	98.9%
Compensation of Officers*	$2,000	6.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$107,418
Total Liabilities	$0
Net Assets	$107,418

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Updated March 23, 2026

Michael & Carrie Gidwitz Charitable Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $203k (2025)

Expenses $145k (2025)

Total Assets $526k (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending Nov. 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Nov. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Nov. 2013

Revenue

$203k (2025)

Expenses

$145k (2025)

Total Assets

$526k (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending Nov.
2025

Fiscal Year Ending Nov.
2024

Fiscal Year Ending Nov.
2023

Fiscal Year Ending Nov.
2022

Fiscal Year Ending Nov.
2021

Fiscal Year Ending Nov.
2020

Fiscal Year Ending Nov.
2019

Fiscal Year Ending Nov.
2018

Fiscal Year Ending Nov.
2017

Fiscal Year Ending Nov.
2016

Fiscal Year Ending Nov.
2015

Fiscal Year Ending Nov.
2014

Fiscal Year Ending Nov.
2013

Fiscal Year Ending Nov.
2012

Fiscal Year Ending Nov.
2011

Fiscal Year Ending Nov.
2010

Fiscal Year Ending Nov.
2009

Fiscal Year Ending Nov.
2008

Fiscal Year Ending Nov.
2007

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2006

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2005

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Fiscal Year Ending Nov.
2001