# Negaunee Foundation

Negaunee Foundation is an Endowment / Foundation based in Northbrook, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Northbrook, United States
- **Region:** North America
- **Address:** 555 Skokie Blvd Ste 555, Northbrook, IL 60062-2854, United States
- **Founded:** 1987
- **Assets under management:** 616 (Altss estimate)

## Regulatory record

- **Reports private funds:** No

## About

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, multiple residential, commercial properties in Back of the Yards, Belmont Cragin, Chatham, Motor Row District, West Humboldt Park, Elgin, Skokie, Two Rivers and 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.

## Sectors

- Arts
- Education
- Community Programs

## People

- Richard W. Colburn — President and Director
- Robin T. Colburn — Vice President and Director

## Questions

### Who runs investment decisions at Negaunee Foundation?

Richard W. Colburn serves as President and Director. Northern Trust acts as investment advisor. No additional investment staff are disclosed.

### Does Negaunee Foundation participate in fund commitments or only direct deals?

The foundation holds limited partnership interests in private equity funds including KKR Americas Fund XII and a Carlyle Group vehicle. It also owns real estate assets directly.

### What investment stages does Negaunee Foundation typically target?

No stage preferences are disclosed. Activity centers on direct real estate ownership and grant distributions rather than venture or growth equity.

## Related profiles

- [Jerome L. Greene Foundation](https://altss.com/profile/jerome-l-greene-foundation)
- [Cherry Bekaert Wealth Management](https://altss.com/profile/cherry-bekaert-wealth-management)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/negaunee-foundation

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