# Robert R. McCormick Foundation

Robert R. McCormick Foundation is an Endowment / Foundation based in Chicago, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** 205 North Michigan Avenue Suite 4300, Chicago, Illinois, United States
- **Founded:** 1955
- **Assets under management:** 1654 (Altss estimate)
- **Website:** mccormickfoundation.org
- **LinkedIn:** https://www.linkedin.com/company/mccormick-foundation

## Regulatory record

- **Reports private funds:** No

## About

The Robert R. McCormick Foundation was created in 1955 by the will of Colonel Robert R. McCormick. Timothy P. Knight, previously CEO of Tribune Publishing, serves as President and CEO while Carla Beal holds the roles of Chief Investment Officer and Treasurer. The foundation allocates across private equity through limited partner positions in Adams Street Partners and Madison Dearborn Partners. It holds direct real assets that include the 500-acre Cantigny Park valued at $65 million, the McCormick House, a 27-hole golf course, and the First Division Museum collection. All activity remains within the United States, with historical exposure to Canadian timberland. Assets total $1.65 billion. The foundation maintains a subordinate vehicle, the Cantigny Foundation, established in 1989 to operate the park and museums with annual support of $28 million. No additional offices or headcount figures appear in available records. Events in 2023 included sponsorship of Emergency Preparedness Days at Cantigny Park and the Purple Tie Ball. The structure separates grant-making from asset operations through the Cantigny Foundation subsidiary, which holds title to the park properties and runs public programs independently of the parent trust.

## Sectors

- Philanthropy
- Media

## People

- Timothy P. Knight — President and CEO
- Carla Beal — Chief Investment Officer and Treasurer

## Questions

### Who runs investment decisions at Robert R. McCormick Foundation?

Carla Beal serves as Chief Investment Officer and Treasurer. Timothy P. Knight holds the President and CEO title.

### Does Robert R. McCormick Foundation participate in fund commitments or only direct deals?

The foundation holds limited partner positions in Adams Street Partners and Madison Dearborn Partners.

### What real assets does Robert R. McCormick Foundation control?

Direct holdings include Cantigny Park, McCormick House, Cantigny Golf, the First Division Museum collection, and the Robert R. McCormick Research Center Archives.

### Which sectors receive program support from Robert R. McCormick Foundation?

Programs focus on early childhood education, journalism, veterans affairs, and civic engagement in the Chicagoland region.

### How is Robert R. McCormick Foundation related to the Chicago Cubs and Blackhawks?

The foundation partners with both organizations through the Cubs Charities Community Fund and the Chicago Blackhawks Community Fund.

## Related profiles

- [Alberta Carpenters' and Allied Workers' Trust Funds](https://altss.com/profile/alberta-carpenters-and-allied-workers-trust-funds)
- [Esmée Fairbairn Foundation](https://altss.com/profile/esm-e-fairbairn-foundation)

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

Canonical page: https://altss.com/profile/robert-r-mccormick-foundation

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology