Financial and Tax Information

The CBF is committed to efficiently and effectively managing our resources in order to maximize our impact in the community. The CBF Board of Directors is assisted in these efforts by two committees that include members from the board and other outside financial experts.

The CBF Finance and Audit Committee is primarily responsible for overseeing and monitoring the CBF’s annual budget and finances; the CBF’s annual audit, tax returns, and other required state and federal filings; and the CBF’s fiscal policies. The Committee is comprised of board members and others in the community with significant financial expertise.
The CBF Investment Committee oversees and monitors the CBF’s investment portfolio pursuant to a comprehensive Investment Policy approved by the CBF Board. The Committee is comprised of board members and others in the community with significant expertise on investment and financial matters, and the Committee receives strategic guidance from the CBF’s expert consultants and advisors at Northern Trust.

The CBF is audited annually by the respected firm of Plante Moran. The CBF’s audit and 990 tax return for the past fiscal year is available below (the CBF’s fiscal year is June 1 – May 31). The audit and return as well as additional information also are available on Guidestar, where the CBF is recognized for the highest level of transparency.

For more information on the CBF’s financial and tax policies and practices, contact CBF Executive Director Bob Glaves at bglaves@chicagobarfoundation.org or 312.554.1205.