Negaunee Foundation

Negaunee Foundation

The Negaunee Foundation was established in Illinois in 1987. Richard W. Colburn and Robin T. Colburn serve as its principal officers. The foundation traces its origins to the Colburn family, with Richard D. Colburn as the original benefactor of related cultural institutions. The foundation allocates capital through direct real estate ownership and grant-making. Confirmed holdings include Uptown Community Hub, Movement on Montrose, Albany Park Theater Project Building, and multiple residential and commercial properties in Back of the Yards, Belmont Cragin, Chatham, Motor Row District, West Humboldt Park, Elgin, Skokie, and Two Rivers, Wisconsin. It also holds positions in Consolidated Electrical Distributors through the Colburn Family and limited partnership interests in funds managed by KKR and The Carlyle Group. Geographic focus remains concentrated in the Midwest, primarily Illinois. The foundation employs no disclosed investment staff. Northern Trust serves as investment advisor. In 2024 it recorded $41.8 million in grants, including $21 million to the Chicago Symphony Orchestra Association and $16.6 million to the Colburn School. Governance centers on the Colburn family. Richard W. Colburn and Robin T. Colburn hold officer and director roles, with board service at Lyric Opera of Chicago, Ravinia Festival Association, Chicago Botanic Garden, and Field Museum.