A Better Chicago (ABC) is a venture philanthropy group, organized as a charitable non-profit, that currently maintains a portfolio of eleven Chicago area youth and education organizations. According to its 2017 disclosures, ABC had an annual budget of over $3.5 million. 
ABC was founded in 2010 by Liam Krehbiel, heir to the Molex fortune. ABC selects organizations to fund based on return on investment analysis, so as to only grant funds to financially sound organizations.  Current grants range from $4.46 million for OneGoal to $100,000 for PitchIn, a program of the Wood Family Foundation.  In 2018, grants for SAGA Innovations and Reading in Motion were discontinued due to lack of sustainable growth. 
ABC is currently supported by two strategic partners, who offer discounted and pro bono services to ABC and its grantees. 
The management consulting firm Bain and Company assists grantees with growth strategies and other business challenges. 
The law firm of Lathan and Watkins LLP offers pro bono legal and strategic counsel to both ABC and its grantees. 
A Better Chicago takes donations from individuals and charitable organizations, including the donor-advised Goldman Sachs Philanthropy Fund, and the left-leaning John D. and Catherine T. MacArthur Foundation, and invests them into a portfolio of grantees, currently 11 “high performing” educational programs in the Chicago area. 
A Better Chicago president Doug Scott is a former partner at the New Teacher Project, and formerly worked at McKinsey and Company, an international management consulting firm. 
Beth Swanson became the CEO of A Better Chicago in May 2019. She is the former vice president of strategy and program at the Joyce Foundation,  a Chicago based nonprofit that finances advocacy for liberal education policy.  Swanson is also the former deputy for education to former Chicago Mayor Rahm Emanuel (D). 
Board of Directors
Michael Collins is the CFO of ABC’s corporate partner Bain and Company. 
Bill Conway is currently running for Cook County State’s Attorney against incumbent Kim Foxx (D) in the Democratic primary. He is running on a platform of criminal justice reform and support for gun control. 
Chris Keogh is the managing director at Goldman Sachs.
Timothy Knowles is founder of the Academy Group, and former Director of the University of Chicago Urban Labs. Knowles established the Urban Education Institute, served as the Deputy Superintendent of the Boston Public Schools, and was the founding director of Teach for America in New York. 
Liam Krehbiel is the founder of A Better Chicago, the group’s former CEO, and the current chairman of the board.  He is the heir to the Molex electronics company fortune, and used his wealth to apply the principles of venture investing to philanthropy.  He previously worked at Bain and Company, a management consulting firm, and one of ABC’s two corporate partners. 
Timothy Schwertfeger serves on the boards of the Chicago Public Education Fund, Chicago United, Clean Energy Trust, and Leadership for Quality Education, among others.