548 Foundation is a private foundation focused on Crime & Legal Related, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.8M in total assets. In 2024, it made $3.2M in qualifying distributions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.8M
+302.9% YoY
Revenue
$5.3M
+377.8% YoY
Qualifying Distributions
$3.2M
+280.5% YoY
Expenses
$3.2M
+282.5% YoY
Under IRS private-foundation payout rules, 548 Foundation reported a distributable amount of $20K for 2024 — the minimum it must pay out in qualifying distributions.
About 548 Foundation
Based on IRS filings
548 Foundation is a private foundation focused on Crime & Legal Related, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.8M in total assets. In 2024, it made $3.2M in qualifying distributions.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,776,244 | $688,985 | $225,207 |
| Revenue | $5,307,183 | $1,110,655 | $400,000 |
| Expenses | $3,174,863 | $830,067 | $130,293 |
| Qualifying Distributions | $3,158,318 | $830,067 | $260,280 |
| Net Investment Income | — | — | — |
| Distributable Amount | $20,295 | $6,096 | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT A PATTON | PRESIDENT/CEO | 40 | $63,735 |
| JAMES LUSTER | SECRETARY | 1 | — |
| LUCAS HUMPHREY | DIRECTOR | 1 | — |
| GENE CRUME | DIRECTOR | 1 | — |
| WINSTON BLAKE | DIRECTOR | 1 | — |
| CORY CROFT | DIRECTOR | 1 | — |
| ANNA BARSKY | DIRECTOR | 1 | — |
| JEFFREY ALLEN | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is 548 Foundation?
548 Foundation is a private foundation focused on Crime & Legal Related, based in CHICAGO, IL. It holds $2.8M in total assets as of 2024.
How large is 548 Foundation?
As of 2024, 548 Foundation holds $2.8M in total assets with $5.3M in annual revenue.
Where does 548 Foundation operate?
548 Foundation has awarded grants in Illinois, Nebraska.
How much is 548 Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, 548 Foundation reported a distributable amount of $20K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is 548 Foundation's EIN?
548 Foundation's EIN (Employer Identification Number) is 81-3313812. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in 548 Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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