Aircast Foundation Inc
Aircast Foundation Inc is a private foundation, based in Naples, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8.4M in total assets. In 2024, it awarded 9 grants totaling $822K. Net investment income was $472K.
Aircast Foundation Inc at a glance
In short: Aircast Foundation Inc gave $822K across 9 grants in 2024 (avg $91K), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $821,600
- -2.5% vs 2023
- Grants made (2024)
- 9
- +0.0% vs 2023
- Average grant
- $91,289
- -2.5% vs 2023
- Median grant
- $15,000
- Total assets
- $8,350,236
- -7.5% vs 2023
- Primary geography
- Illinois (94% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Aircast Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
The largest 2024 recipient was Oref ($500K). Together the top 9 received $822K.
Grant Size Distribution
36 grants across all recorded years
The most common grant size was under $50K: 24 grants of 36 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 9 itemized grants.
Cities
How Aircast Foundation Inc gives
- Giving grew 29% from 2021 to 2024. Method
- In 2024 it paid out 222% of 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
From 2020 to 2024, annual grant giving ranged from $125K (2022) to $843K (2023). In 2024 it made 9 grants totaling $822K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Oref Rosemont, IL | Orthopaedic Research | $500,000 |
| Aossm Rosemont, IL | Orthopaedic Research | $195,000 |
| Orthopedic Trauma Association Rosemont, IL | Orthopaedic Research | $50,000 |
| The Forum Ft Wright, KY | Orthopaedic Research | $20,000 |
| American Academy of Orthopedic Surg Rosemont, IL | Orthopaedic Research | $15,000 |
| Duke Health Durham, NC | Orthopaedic Research | $15,000 |
| Rush University Medical Center Chicago, IL | Orthopaedic Research | $15,000 |
| Richard Kyle MD Long Lake, MN | Orthopaedic Research | $10,000 |
| Garden of Hope Naples, FL | Charitable Contribution | $1,600 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $8,350,236 | $350,791 | $1,032,038 | $821,600 | 9 | $998,806 | $472,018 | $449,693 |
| 2023 | $9,028,411 | $204,535 | $1,082,301 | $842,600 | 9 | $201,864 | $411,439 | $450,008 |
| 2022 | $9,909,262 | $439,816 | $384,116 | $125,000 | 4 | $343,368 | $401,281 | $503,829 |
| 2021 | $9,860,793 | $566,768 | $865,361 | $634,548 | 9 | $828,856 | $532,476 | $561,597 |
| 2020 | $10,152,037 | $598,212 | $447,747 | $263,000 | 5 | — | $570,816 | $544,059 |
Under IRS private-foundation payout rules, Aircast Foundation Inc reported a distributable amount of $450K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Aircast Foundation Inc is led by Henry J. McVicker, President on every filing since 2020; all 3 officers listed in 2024 are compensated.
Officers on the 2024 filing
Henry J. McVicker
President
On filings since 2020
5 hrs/week
$5K (2020) → $10K (2024)
Mary Noyes
Trustee
On filings since 2020
5 hrs/week
$5K (2020) → $10K (2024)
Jeff M. Novatt
Treasurer
On filings since 2020
5 hrs/week
$5K (2020) → $10K (2024)
Former officers (1)
- Former: Richard Kyle MD (2021–2023) — Director
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 $10K, to Henry J McVicker (President). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Aircast Foundation Inc
How much does Aircast Foundation Inc give each year?
Aircast Foundation Inc gave $822K across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $843K across 9 grants.
What is Aircast Foundation Inc's typical grant size?
Aircast Foundation Inc's median grant in 2024 was $15,000, and its average grant was $91,289, across 9 grants on its 2024 IRS Form 990-PF.
Where does Aircast Foundation Inc give grants?
Aircast Foundation Inc gives mostly in Illinois: 94% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Rosemont, IL (4 grants).
Does Aircast Foundation Inc give general operating support?
Not in 2024: none of the 9 grants with a stated purpose on Aircast Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Orthopaedic Research" (8 grants).
Who are Aircast Foundation Inc's largest grantees?
Aircast Foundation Inc's largest 2024 grantees include Oref ($500,000), Aossm ($195,000) and Orthopedic Trauma Association ($50,000), according to its 2024 IRS Form 990-PF. Together they received 91% of its itemized 2024 grant dollars.
How large is Aircast Foundation Inc?
Aircast Foundation Inc reported $8.4M in total assets on its 2024 IRS Form 990-PF. It paid out $999K in qualifying distributions that year, against a required minimum of $450K (roughly 5% of its investment assets).
What is Aircast Foundation Inc's EIN?
Aircast Foundation Inc's EIN (Employer Identification Number) is 22-2784475. 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
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Aircast Foundation Inc funds
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