2022-11-15T19:11:03-06:00 2021-12-31 ERNST & YOUNG US LLP 155 N Wacker Drive Chicago IL 60606 990PF 2021-01-01 460807550 MAGNETAR CAPITAL FOUNDATION % ALLISON COCHRAN SR ACCT MAGN 8479054400 1603 ORRINGTON AVENUE EVANSTON IL 602015018 barbara bernstein SECRETARY 8479054400 2022-11-15 true barbara bernstein 999009999 KATHERINE E KURTZMAN P01236691 3128792000 2022-11-15 2 2021 2022-09-23 18:48:47Z X 426064 X 1664305 16537 16537 1680842 16537 0 4292 0 0 2344 20436 0 0 28281 363025 363025 50 47415 44873 435218 0 0 438523 32671 1161424 467889 0 0 1599947 1212953 16537 318743 402810 402810 9259 9259 9259 14445 13995 13995 333188 426064 426064 26077 33453 2121932 994479 2148009 1027932 X -1814821 -927268 325400 -1814821 -601868 333188 426064 -1814821 1212953 -601868 -601868 230 230 230 41 0 500 541 311 311 false false false 0 0 0 false false false false true true IL NY true false false false false true WWW.MAGNETARACADEMY.ORG ALLISON COCHRAN SR ACCT 8479054400 1603 ORRINGTON AVENUE EVANSTON IL 602015018 false false false true false false false false false false false false false false false false false false false false false false ALEC N LITOWITZ 1603 ORRINGTON AVENUE EVANSTON IL 602015018 PRESIDENT, DIRECTOR 1.0 0 0 0 BARBARA BERNSTEIN 1603 ORRINGTON AVENUE EVANSTON IL 602015018 SECRETARY 1.0 0 0 0 ROSS LASER 1603 ORRINGTON AVENUE EVANSTON IL 602015018 DIRECTOR 1.0 0 0 0 DAVID SNYDERMAN 1603 ORRINGTON AVENUE EVANSTON IL 602015018 DIRECTOR 1.0 0 0 0 NAOMI GUNASEKARAN 1603 ORRINGTON AVENUE EVANSTON IL 602015018 TREASURER 1.0 0 0 0 BERLIN ROSEN LTD 15 Maiden Lane Suite 1600 NEW YORK NY 10038 branding and website 100000 DUE EAST PARTNERS LLC 106 Ridgely Ave ANNAPOLIS MD 21401 strategic planning 68200 FORESIGHT LAW POLICY PLLC 800 Maine Avenue SW Suite 200 WASHINGTON DC 20024 state policy 60000 STEVEN BOTSOE 965 Florida Ave NW Apt 545 WASHINGTON DC 20001 project management 50750 0 354573 0 354573 0 354573 5319 349254 17463 17463 230 230 17233 1000 18233 18233 1599947 0 0 0 0 1599947 18233 0 2019 2018 2017 0 1394300 1671595 1623096 638267 1458486 6785744 1599947 0 18233 1581714 8367458 0 0 0 0 1394300 6973158 1671595 1623096 638267 1458486 1581714 X The Honeycomb Project LLC 1658 N Milwaukee Ave 190 Chicago IL 60647 PC Charity Donation - General Support 2500 Hudson County Court Appointed Special Advocates 442 Hoboken Ave Jersey City NJ 073062616 PC Matching Gift - General Support 300 Chicago Symphony Orchestra 220 S Michigan Avenue Chicago IL 60604 PC Matching Gift - General Support 100 University of Chicago 5801 S Ellis Avenue Chicago IL 60637 PC Matching Gift - General Support 200 Urban Initiatives Inc 650 West Lake Street Chicago IL 60661 PC Matching Gift - General Support 300 Dana Hall School 45 Dana Road Wellesley MA 02482 PC Matching Gift - General Support 300 St Jude Children's Research Hospital 5501 N Cumberland Ave 101 Chicago IL 60656 PC Charity Donation - General Support 825 Epilepsy Alliance Ohio 895 Central Ave Suite 550 Cincinnati OH 45202 PC Matching Gift - General Support 150 Innocence Project 40 Worth Street Suite 701 NEW YORK NY 10013 PC Charity Donation- General Support 1000 Southwest Special Recreation Association 12521 S Kostner Ave Alsip IL 60803 PC Matching Gift - General Support 150 Hopeful Tails 2303 Oak Leaf Street Joliet IL 60436 PC Charity donation - General Support 1000 St Jude Children's Hospital 220 East 42nd Street New York NY 10017 PC Charity donation - General Support 1000 University of Chicago 1250 24th Street NW S Ellis Avenue IL 60637 PC Matching Gift - General Support 300 Philanthropic Ventures Foundation 1222 Preservation Park Way Oakland CA 94612 PC Matching Gift - General Support 300 Philanthropic Ventures Foundation 1222 Preservation Park Way Oakland CA 94612 PC Charity donation - General Support 2500 Evanston Scholars 1234 Sherman Avenue Suite 213 Evanston IL 60202 PC Charity donation - General Support 2500 EARTHDAYORG 1752 N Street NW Suite 700 Washington DC 20036 PC Charity donation - General Support 1000 Heartland Alliance 208 S LaSalle St Suite 1300 Evanston IL 60201 PC Charity Donation - General Support 1000 American Lung Association 55 W Wacker Drive Ste 1150 Chicago IL 60601 PC Matching Gift - General Support 60 Riley Children's Foundation 30 S Meridian St Ste 200 Indiannapolis IN 462043509 PC Charity donation - General Support 1000 ALS Therapy Development Institute 300 Technology Sq Ste 400 Cambridge MA 02139 PC Charity donation - General Support 500 The Association Frontotemporal Degeneration 2700 Horizon Drive Suite 120 King of Prussia PA 19406 PC Charity donation - General Support 2000 Kind Inc 1201 L Street NW Floor 2 Washington DC 20005 PC Charity Donation - General Support 1000 Cook County Health Foundation Bank One Bldg 1603 Orrington Ave Evanston IL 60201 PC Charity donation - General Support 10000 James B Moran Center for Youth Advocacy 1900 A Dempster St Evanston IL 60202 PC Charity Donation - General Support 500 University of Illinois Foundation 1305 W Green St Urbana IL 61801 PC Charity Donation - General Support 500 Bahati Foundation PO Box 56265 Los Angeles CA 90056 PC Charity Donation - General Support 50 Help Our Military Heros 15 Pheasant Lane Easton CT 06612 PC Matching gift - General support 300 Big Brothers Big Sisters 2502 N Rocky Point Dr Ste 550 Tampa FL 33607 PC Matching gift - General support 300 Northern Illinois Food Bank 273 Dearborn Court Geneva IL 60134 PC Matching gift - General support 52 Friends of Lane 2501 West Addison Street Chicago IL 60618 PC Matching gift - General support 300 Greater Chicago Food Depository 4100 W Ann Lurie Place Harold C Ho Chicago IL 60632 PC Matching gift - General support 200 The Honeycomb Project LLC 1168 N Milwaukee 190 Chicago IL 60647 PC Matching gift - General support 100 Jewish United Fund 42 East 69th Street New York NY 10021 PC Matching gift - General support 36 Anti-Cruelty Society 157 W Grand Avenue Chicago IL 60654 PC Matching gift - General support 100 The Food Bank of the Southern Tier 1150 Buffalo Road Rochester NY 14624 PC Matching gift - General support 100 The Michael J Fox Fdn for Parkinsons Research Grand Central Station PO Box 477 New York NY 101634777 PC Matching gift - General support 37 Chicago Botanic Garden 1000 Lake Cook Road Glencoe IL 60022 PC Matching gift - General support 25 Coalition For The Homeless Inc New York Chicago NY 10038 PC Matching gift - General support 100 Greater Chicago Food Depository 4100 W Ann Lurie Place Harold C Ho Chicago IL 60632 PC Matching gift - General Support 300 Mount Sanai One Gustave L Levy Place Box 1049 New York NY 10029 PC Charity donation - General Support 1000 American Heart Association National Center 7272 Greenville Av Dallas TX 75231 PC Charity donation - General support 500 National Federation of the Blind 200 East Wells Street at Jernigan P Baltimore MD 21230 PC Charity donation - General support 500 University of Chicago 5801 S Ellis Avenue Chicago IL 60637 Matching gift - General support 200 A SPCA 424 East 92nd Street New York NY 10128 Matching gift - General support 100 Chicago Symphony Orchestra 220 S Michigan Avenue Chicago IL 60604 Matching gift - General support 100 KEEN Chicago 211 S Clark Street Chicago IL 60690 Matching gift - General support 100 Lambda Legal 20 Wall Street 29th Floor New York NY 10005 Matching gift - General support 100 University of Chicago 5801 S ELLIS AVENUE CHICAGO IL 60637 PC COLLABORATION GRANTS - UNIVERSITY OF CHICAGO 1125839 1161424 ROYALTY INCOME 01 16537 16537 16537 false false false false false false false false false false X X 1 CREDIT SUISSE 11 MADISON AVENUE 3RD FLOOR NEW YORK NY 10010 10000 X 2 MAGNETAR CAPITAL LLC 1603 Orrington Ave Ste 1300 Evanston IL 60201 1650000 X ACCOUNTING FEES 20436 28281 Part VIII-A Part VIII-A THE FOUNDATION SUPPORTS THE OPERATION OF FINEDGE, FORMERLY KNOWN AS MAGNETAR YOUTH INVESTMENT ACADEMY. IN 2019 THE ACADEMY WAS REBRANDED AND REPLACED BY FINEDGE. FINEDGE IS A UNIQUE, HANDS-ON, INNOVATIVE FINANCIAL LITERACY PROGRAM FOR HIGH SCHOOL STUDENTS, WITH AN EMPHASIS OF OFFERING THE PROGRAM IN HIGH SCHOOLS IN ECONOMICALLY DISADVANTAGED COMMUNITIES. AS OF DECEMBER 31, 2021, FINEDGE WAS OPERATING IN 32 HIGH SCHOOLS NATIONWIDE THAT LARGELY SERVE LOW-INCOME STUDENTS. FINEDGE IS A SINGLE-SEMESTER HIGH SCHOOL FINANCIAL EDUCATION CURRICULUM, WHICH TEACHES IN WAYS STUDENTS LEARN BEST, OFFERING CAREFULLY-DESIGNED COURSEWORK THAT ENCOURAGES QUESTIONING, DISCUSSING, AND APPLYING CONCEPTS TO ONE'S OWN UNIQUE FINANCIAL SITUATION. ITS MODULES BUILD OFF EACH OTHER TO HELP STUDENTS DEVELOP THEIR OWN ATTITUDES AND POSITIVE BEHAVIORS AROUND MONEY, WHILE SHARPENING THEIR FINANCIAL DECISION-MAKING SKILLS. STUDENT EVENTS INCLUDE A DAY-LONG INVESTMENT COMPETITION, MAGNETAR STOCK TRADING CHALLENGE, DURING WHICH HIGH SCHOOL TEAMS BUILD AND MANAGE A MOCK INVESTMENT PORTFOLIO OVER THREE ECONOMIC CYCLES. GRANTS ARE AWARDED TO THE HIGH SCHOOLS WHOSE TEAMS' PORTFOLIOS PERFORM AT THE HIGHEST LEVELS. MAGNETAR CAPITAL FOUNDATION ALSO PROVIDES GRANT PAYMENTS TO VARIOUS PUBLIC CHARITIES THROUGH INTERNAL REQUESTS BY THE MAGNETAR CAPITAL EMPLOYEES. THIS PORTION OF THE APPLICATION PROCESS IS NOT OPEN TO THE PUBLIC. The Foundation is a fiscal sponsor to the corporation Financial Literacy and Education Foundation, Inc. ("FLITE") through a Fiscal Sponsorship Agreement. The primary purpose of FLITE is to provide students, especially those from lower income communities with the tools they need to lead financially-informed successful lives. As per the Sponsorship Agreement, the Foundation has approved the establishment of a donor restricted fund (the "Fund") to receive donations of cash and other property earmarked for the charitable purpose of FLITE. The Foundation exercises full control over the financial administration, management and disbursement of the Fund. The activities of FLITE are consolidated with disbursement of the Fund. LEGAL FEES 4292 2344 FINEDGE MATERIALS 30680 30709 INSURANCE 14164 14164 PUBLIC RELATIONS FEES 1292 DUES AND SUBSCRIPTIONS 434 OFFICE EXPENSES 555 FILING FEES 290 ROYALTY INCOME 16537 16537 CONSULTING FEES 363025 363025 FEDERAL EXCISE TAX 50