Andersen-Formolo Family Foundation
The Andersen-Formolo Family Foundation is a private foundation based in Chicago, Illinois. Its 2024 filing lists grants to organizations including community, education, religious, health, and social-justice organizations.
Andersen-Formolo Family Foundation at a glance
In short: Andersen-Formolo Family Foundation gave $746K across 23 grants in 2024 (avg $32K), mostly in Illinois. 39% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $745,833
- +47.2% vs 2023
- Grants made (2024)
- 23
- +76.9% vs 2023
- Average grant
- $32,428
- -16.8% vs 2023
- Median grant
- $25,000
- Total assets
- $12,038,046
- -2.8% vs 2023
- New grantees (estimate)
- 39% first-time grantees (9 of 23, 2024; small sample)
- Primary geography
- Illinois (69% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Andersen-Formolo Family Foundation
- Accepts unsolicited proposals
- Yes
- How to Apply
-
The foundation accepts unsolicited requests and does not restrict giving to preselected organizations. The filing says to provide the recipient’s name and address, tax-exempt status, and amount requested. It lists no restrictions on awards. Contact the foundation’s listed contact, Thomas J Formolo, for the application process.
- Contact
Application contact: Thomas J Formolo
Mailing address: 1837 N Orchard St, Chicago, IL 60614
Phone: (312) 876-8636
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Andersen-Formolo Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Grace and Peace Church ($100K). Together the top 10 received $546K.
Grant Size Distribution
89 grants across all recorded years
The most common grant size was under $50K: 65 grants of 89 (73%).
Geographic Focus
Where this funder awards grants
In 2024, 69% of grant dollars went to recipients in Illinois, 11% to Wisconsin, 8% to California, and 7% to Michigan. The remaining 3% is listed with an unspecified recipient state.
Grant Distribution by State
Share of 2024 grant dollars across all 23 itemized grants.
Cities
Is Andersen-Formolo Family Foundation open to new grantees?
39%
first-time grantees, 2024
In 2024, 9 of 23 grantees (39%) were first-time recipients. With only 23 grantees, that is a small sample: one grantee more or less moves the share by about 4 points. First grants averaged $27K; repeat grants $36K. How we count
Medians: $20K first-time, $28K repeat.
- 35% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−13%). Method
- In 2024 it paid out 108% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $395K (2022) to $856K (2021). In 2024 it made 23 grants totaling $746K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Grace and Peace Church Chicago, IL | As Needed | $100,000 |
| North Austin Community Center Chicago, IL | As Needed | $100,000 |
| National Louis University Chicago, IL | As Needed | $80,000 |
| Kids First Chicago for Education Chicago, IL | As Needed | $52,500 |
| Pancreatic Cancer Action Network El Segundo, CA | As Needed | $50,000 |
| Association for a More Just Society Grand Rapids, MI | As Needed | $50,000 |
| University of Wisconsin Foundation Madison, WI | As Needed | $33,333 |
| North Shore Country Day School Winnetka, IL | As Needed | $30,000 |
| Together Chicago Chicago, IL | As Needed | $25,000 |
| Sheldrick Wildfire Trust | As Needed | $25,000 |
Ready to take the next step with Andersen-Formolo Family Foundation?
Financial History
Multi-year comparison from IRS filings
The foundation files Form 990-PF.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $12,038,046 | $616,053 | $805,532 | $745,833 | 23 | $749,333 | $469,744 | $696,916 |
| 2023 | $12,389,466 | $592,399 | $579,140 | $506,666 | 13 | $509,916 | $443,094 | $619,001 |
| 2022 | $12,376,207 | $1,113,447 | $466,438 | $395,000 | 14 | $401,547 | $1,783,504 | $619,134 |
| 2021 | $11,729,198 | $3,532,677 | $886,682 | $855,833 | 19 | $860,846 | $1,258,182 | $540,459 |
| 2020 | $9,083,203 | $2,289,087 | $682,436 | $668,780 | 20 | — | $269,212 | $404,019 |
Under IRS private-foundation payout rules, Andersen-Formolo Family Foundation reported a distributable amount of $697K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s mission is not stated in the available information. Its 2024 grants included support for organizations with varied missions. For example, North Austin Community Center says it serves youth, families, and other residents of Chicago’s Austin neighborhood and surrounding communities through sports, education, and wellness opportunities. National Louis University describes its work as providing educational opportunities, while Together Chicago says it works to reduce gun violence and support thriving communities. Pancreatic Cancer Action Network says its mission includes advancing research, building community, sharing knowledge, and advocating for patients.
Grantmaking
In 2024, the foundation awarded 23 grants totaling $745,833. Grants ranged from $5,000 to $100,000, with a median of $25,000. Its largest listed awards included $100,000 each to Grace and Peace Church and North Austin Community Center; $80,000 to National Louis University; $52,500 to Kids First Chicago for Education; and $50,000 each to Pancreatic Cancer Action Network and Association for a More Just Society.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Thomas J Formolo as president/treasurer, Elizabeth Douglas and Rich Miller as directors, and Hayley F Mans as secretary.
Andersen-Formolo Family Foundation is led by Thomas J. Formolo, President & Treasurer on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Thomas J. Formolo
President & Treasurer
On filings since 2020
No compensation reported
Elizabeth Douglas
Director
On filings since 2020
No compensation reported
Rich Miller
Director
On filings since 2023
No compensation reported
Hayley F. Mans
Secretary
On filings since 2023
No compensation reported
Former officers (1)
- Former: Stephanie Andersen-Formolo (2020–2022) — Secretary
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.
Frequently asked questions about Andersen-Formolo Family Foundation
How much does Andersen-Formolo Family Foundation give each year?
Andersen-Formolo Family Foundation gave $746K across 23 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $507K across 13 grants.
What is Andersen-Formolo Family Foundation's typical grant size?
Andersen-Formolo Family Foundation's median grant in 2024 was $25,000, and its average grant was $32,428, across 23 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Andersen-Formolo Family Foundation that year got $27K on average.
Where does Andersen-Formolo Family Foundation give grants?
Andersen-Formolo Family Foundation gives mostly in Illinois: 69% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Wisconsin (11%) and California (8%). The most frequent recipient cities were Chicago, IL (10 grants), Madison, WI (3 grants) and Middleton, WI (2 grants).
Does Andersen-Formolo Family Foundation give general operating support?
Not in 2024: none of the 23 grants with a stated purpose on Andersen-Formolo Family Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "As Needed" (23 grants).
Who are Andersen-Formolo Family Foundation's largest grantees?
Andersen-Formolo Family Foundation's largest 2024 grantees include Grace and Peace Church ($100,000), North Austin Community Center ($100,000) and National Louis University ($80,000), according to its 2024 IRS Form 990-PF. Together they received 38% of its itemized 2024 grant dollars.
How large is Andersen-Formolo Family Foundation?
Andersen-Formolo Family Foundation reported $12.0M in total assets on its 2024 IRS Form 990-PF. It paid out $749K in qualifying distributions that year, against a required minimum of $697K (roughly 5% of its investment assets).
What does Andersen-Formolo Family Foundation fund?
The foundation’s mission is not stated in the available information. Its 2024 grants included support for organizations with varied missions. See mission & focus areas ↑
How do I apply for a grant from Andersen-Formolo Family Foundation?
The foundation accepts unsolicited requests and does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Andersen-Formolo Family Foundation's EIN?
Andersen-Formolo Family Foundation's EIN (Employer Identification Number) is 20-1917495. IRS Form 990 filing data is available on this page for 2020–2024.
Does Andersen-Formolo Family Foundation accept unsolicited proposals?
Yes, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Andersen-Formolo Family Foundation funder profile. GrantGraph. Retrieved October 14, 2026, from https://grantable.co/funders/andersen-formolo-family-foundation-morg_faa5a6a3a80848279fb92773f7ea2b2d
BibTeX
@misc{grantable_201917495_2026,
author = {{Grantable}},
title = {{Andersen-Formolo Family Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/andersen-formolo-family-foundation-morg_faa5a6a3a80848279fb92773f7ea2b2d},
note = {Accessed 2026-10-14. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Andersen-Formolo Family Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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