548 Foundation
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.
548 Foundation at a glance
- Total assets
- $2,776,244
- +302.9% vs 2023
- Revenue (2024)
- $5,307,183
- +377.8% vs 2023
- Qualifying distributions (2024)
- $3,158,318
- +280.5% vs 2023
- Expenses (2024)
- $3,174,863
- +282.5% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who 548 Foundation funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How 548 Foundation gives
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2023 it made 1 grant totaling $5K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Black Men United Omaha, NE | Unrestricted Charitable Grant | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $2,776,244 | $5,307,183 | $3,174,863 | — | — | $3,158,318 | $20,295 |
| 2023 | $688,985 | $1,110,655 | $830,067 | $5,000 | 1 | $830,067 | $6,096 |
| 2022 | $312,434 | $400,000 | $130,293 | — | — | $130,140 | $1,266 |
| 2021 | $42,500 | $100,300 | $57,250 | — | — | $57,250 | — |
| 2020 | $5 | $286 | $300 | — | — | — | — |
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.
Leadership & Key People
Officers and directors from IRS filings
548 Foundation is led by Robert A. Patton, President & CEO since 2024 (on filings since 2020); 1 of 8 officers listed in 2024 is compensated.
Officers on the 2024 filing
Robert A. Patton
President & CEO
President → President & CEO, 2024
On filings since 2020
40 hrs/week
$64K (2024)
Lucas Humphrey
Director
On filings since 2023
1 hr/week
No compensation reported
Anna Barsky
Director
New on the 2024 filing
1 hr/week
No compensation reported
Cory Croft
Director
New on the 2024 filing
1 hr/week
No compensation reported
Gene Crume
Director
New on the 2024 filing
1 hr/week
No compensation reported
Jeffrey Allen
Director
New on the 2024 filing
1 hr/week
No compensation reported
Winston Blake
Director
New on the 2024 filing
1 hr/week
No compensation reported
James Luster
Secretary
Director → Secretary, 2024
On filings since 2023
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $64K, to Robert a Patton (President/CEO).
Frequently asked questions about 548 Foundation
How large is 548 Foundation?
548 Foundation reported $2.8M in total assets on its 2024 IRS Form 990-PF. It paid out $3.2M in qualifying distributions that year, against a required minimum of $20K (roughly 5% of its investment assets).
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.
Where does 548 Foundation operate?
548 Foundation has awarded grants in Nebraska.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 14, 2024)
- IRS filings on file for fiscal years 2020–2024
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Browse active grant opportunities in 548 Foundation's focus areas in our free grants database
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