Alphawood Foundation is a Chicago-based, private grant-making foundation established in 1991 and tax-exempt since August 1992. The foundation operates as a 501(c)(3) organization classified as a private grantmaking foundation. It is headquartered at 2401 N Halsted St, Suite 210, Chicago, Illinois.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$8.1M
-21.8% YoY
Grant Count
126
+21.2% YoY
Avg Grant Size
$64K
-35.5% YoY
Mission & Focus Areas
Alphawood Foundation works toward an equitable, just, and humane society. The foundation awards grants to nonprofit organizations primarily in the following areas:
- Advocacy
- Architecture and preservation
- Arts and arts education
- Promotion and protection of the rights of LGBT persons
- Support for people living with HIV/AIDS
- Human and civil rights
The foundation generally provides unrestricted, general operating support to nonprofit organizations.
Grantmaking
The foundation does not restrict grantmaking to preselected applicants only, indicating openness to applications.
Ready to take the next step with Alphawood Foundation?
Geographic Focus
Where this funder awards grants
The foundation's funding is primarily directed to organizations in Illinois, New York, and Texas, with a particular emphasis on Chicago-based organizations.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending February 2025:
- Total Assets: $59,571,823
- Total Revenue: $18,006,411
- Total Expenses: $11,608,627
- Total Liabilities: $1,910,000
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
250 grants across all recorded years
Open Grants
1 open opportunity from Alphawood Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Chirag Badlani – Executive Director/General Counsel (40 hours/week, $280,000 annual compensation)
- Fred Eychaner – President/Treasurer/Director
- Tom Yoder – Vice-President/Director
- Mark Ishaug – Secretary/Director
- Joan Barry – Assistant Treasurer
- Kim Foxx – Director (as of November 2024)
- Charles Gross – Director
- Barbara Richardson – Director
- Roy Wesley – Director
- Kamila Muhammad – Program Officer (40 hours/week, $94,000 annual compensation)
The foundation employs 3-4 staff members.
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHIRAG BADLANI | EXE. DIRECTOR/GENERAL COUNSEL | 40 | $280,000 |
| FRED EYCHANER | PRESIDENT/TREASURER/DIRECTOR | 1 | — |
| TOM YODER | VICE-PRESIDENT/DIRECTOR | 1 | $12,000 |
| MARK ISHAUG | SECRETARY / DIRECTOR | 1 | $12,000 |
| JOAN BARRY | ASSISTANT TREASURER | 1 | — |
| KIM FOXX | DIRECTOR (AS OF 11/24) | 1 | $12,000 |
| CHARLES GROSS | DIRECTOR | 1 | — |
| BARBARA RICHARDSON | DIRECTOR | 1 | $12,000 |
| ROY WESLEY | DIRECTOR | 1 | $12,000 |
Recent News & Activity
Recent developments and announcements
**April 2, 2025:** Publication of "Patric McCoy: Take My Picture," commemorating a photography exhibition at Wrightwood 659 documenting 1980s Black gay Chicago
**January 18, 2024:** Alphawood Foundation announced a gift to support the Arboretum at Historic Illinois Tech Bronzeville Campus
Adler & Sullivan's Lost Masterpiece - Alphawood Foundation Chicago**April 12, 2023:** Foundation announced a $2.2 million gift to SOAS (School of the Art Institute of Chicago)
Alphawood Foundation announced a $32 million gift to SOAS \u2014 Alphawood\**September 19, 2022:** Alphawood Foundation won a prestigious publishing award for "Reconstructing the Garrick: Adler & Sullivan's Lost Masterpiece"
Adler & Sullivan's Lost Masterpiece - Alphawood Foundation Chicago**October 19, 2021:** Chirag G. Badlani announced as new Executive Director
The foundation operates Alphawood Exhibitions LLC, a limited liability company formed in March 2016 to organize and present cultural and art exhibitions. The foundation generates revenue through ticket and catalog sales for exhibitions and book royalties from catalog and book sales.
Adler & Sullivan's Lost Masterpiece - Alphawood Foundation ChicagoSubject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
Green and Blue Foundation
CHICAGO, IL
Assets
—
Grants
3
Total Given
$51K
Above and Beyond Daycare Center
FAIRVIEW HEIGHTS, IL
Assets
—
Grants
0
Total Given
—
Primo Center for Women & Children
CHICAGO, IL
Assets
$9.7M
Grants
1
Total Given
$35K
Rose Lafferty Educational Fund Xxxxx9006
CHICAGO, IL
Assets
$3.4M
Grants
1
Total Given
$228K
The John Crerar Foundation
CHICAGO, IL
Assets
$991K
Grants
1
Total Given
$35K
Fostering Success
WAYNE, IL
Assets
$38K
Grants
1
Total Given
$2K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Alphawood Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities