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548 FOUNDATION

CHICAGO, IL 813313812 HTTPS://WWW.548ENTERPRISE.COM/FOUNDATION

The 548 Foundation in Chicago supports disadvantaged groups and community development in IL and NE, with a revenue of $1.1M and a leadership team serving pro bono.

Overview

About 548 FOUNDATION

The 548 Foundation, based in Chicago, Illinois, is a philanthropic organization with a focus on supporting economically disadvantaged and low-income individuals, justice-involved and formerly incarcerated people, unemployed individuals, veterans, education, the environment, and community and economic development. The foundation operates primarily in Chicago, Illinois, and Omaha, Nebraska. With assets totaling $688,985, the foundation reported expenses of $830,067 and revenue of $1,110,655. The leadership team includes Robert A. Patton as President, and James Luster and Lucas Humphrey as Directors, all of whom serve without compensation.

Focus areas

Economically disadvantaged peopleLow-income peopleJustice-involved peopleFormerly incarcerated peopleUnemployed peopleVeteransEducationEnvironmentCommunity and economic development- Less

Geographic focus

ILNE
Application Status

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Average Grant Size

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Sample Match Score

Example compatibility analysis for demonstration purposes

Match Score measures the compatibility between your organization and this funder based on focus areas alignment (92%), geographic location preferences (85%), previous grantees similarity (88%), grant size match (78%), application process compatibility (73%), and timeline compatibility (80%).

87%
Excellent compatibility match
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Key statistics
Total Assets $689K
Total Awarded This Year $5K
Average Grant Size $5K
Total Grants (Previous Year) 223
Open to New Applicants
false
% New Applicants Funded
0%
Contact information
HTTPS://WWW.548ENTERPRISE.COM/FOUNDATION
CHICAGO, IL, US
Geographic Funding Distribution

Financials

Total assets
$688,985

in 2024, compared to $225,207 in 2023

Annual grants
$5,000

1 grants awarded in 2024

Program expenses
85%

Of total expenses go to programs

Annual grant distribution
Revenue vs expenses
Assets over time

Grants

Grant awards
PurposeLocation
$75,000548 Energy InstituteConstruction111 E Wacker Dr Ste 440 Chicago, IL US2023
$5,000BLACK MEN UNITEDUNRESTRICTED CHARITABLE GRANTPO BOX 6627 OMAHA, NE US2024
2 row(s) total.

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People

Leadership & staff

Compensation data from most recent available 990 forms

Title
RAP
ROBERT A PATTON
PRESIDENT$02022
RAP
ROBERT A PATTON
PRESIDENT$02023
RAP
ROBERT A PATTON
PRESIDENT$02024
JL
JAMES LUSTER
DIRECTOR$02024
LH
LUCAS HUMPHREY
DIRECTOR$02024
5 row(s) total.

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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer

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Last updated on August 25, 2025