Andersen-formolo Family Foundation

CHICAGO, IL EIN: 20-1917495

The Andersen-Formolo Family Foundation is a private foundation based in Chicago, Illinois, established in 2004. The foundation supports religious, educational, charitable, social, and human services organizations, with a primary focus on the Chicago area and surrounding regions.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$12.0M

-2.8% YoY

Annual Giving

$746K

+47.2% YoY

Grant Count

+76.9% YoY

Avg Grant Size

$32K

-16.8% YoY

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 April 2026.

Mission & Focus Areas

The foundation primarily supports organizations working in three key areas:

Education (24% of giving)
Social & Human Services (25% of giving)
Religion (23% of giving)

Grantmaking

Applicants must contact the foundation directly for specific grant application instructions. There are no application deadlines.

Grant Range

$25,000

Review Cycle

How to Apply

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Geographic Focus

Where this funder awards grants

Approximately 70% of grants remain in Illinois. The foundation also provides significant funding to organizations in Wisconsin, Michigan, California, and Washington. Primary giving focus is in the Chicago area.

Grant Distribution by State

Illinois $2.3M (74%)

Michigan $270K (9%)

Wisconsin $233K (7%)

California $180K (6%)

Georgia $60K (2%)

District of Columbia $45K (1%)

Connecticut $25K (1%)

New York $10K (0%)

+1 more states

States

California Connecticut District of Columbia Georgia Illinois Michigan New Jersey New York Wisconsin

Cities

AlpharettaChicagoEl SegundoElkhornElmerEvanstonFairfieldGrand RapidsHillsideJolietKenilworthLaguna HillsMadisonManhattan BeachMiddletonNew YorkOswegoOttawaPark RidgeRancho Santa Margarita

Financial History

Multi-year comparison from IRS filings

Total Assets: $12,389,466
Total Giving: $506,666 (most recent year)
EIN: 20-1917495
IRS Status: Active since April 2005

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$12,038,046	$12,389,466	$12,376,207
Revenue	$616,053	$592,399	$1,113,447
Expenses	$805,532	$579,140	$466,438
Qualifying Distributions	$749,333	$509,916	$401,547
Net Investment Income	$469,744	$443,094	$1,783,504
Distributable Amount	$696,916	$619,001	$619,134

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 2024

Grant Size Distribution

89 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Grace and Peace Church ($100,000), North Austin Community Center ($100,000), National Louis University ($80,000).

Recipient	Purpose	Amount
NORTH SHORE COUNTRY DAY SCHOOL WINNETKA, IL	AS NEEDED	$30,000
TOGETHER CHICAGO CHICAGO, IL	AS NEEDED	$25,000
BY THE HAND CHICAGO, IL	AS NEEDED	$20,000
KIDS FIRST CHICAGO FOR EDUCATION CHICAGO, IL	AS NEEDED	$52,500
NATIONAL LOUIS UNIVERSITY CHICAGO, IL	AS NEEDED	$80,000
VARSITY COLLECTIVE CHARITABLE FUND INC MADISON, WI	AS NEEDED	$20,000
SAVE THE CHILDREN FAIRFIELD, CT	AS NEEDED	$15,000
MCBURNEY DISABILITY RESOURCE CENTER MADISON, WI	AS NEEDED	$10,000
CHICAGO COALITION TO END HOMELESSNESS CHICAGO, IL	AS NEEDED	$20,000
NO STOMACH FOR CANCER MIDDLETON, WI	AS NEEDED	$5,000

Leadership & Key People

Leadership team and compensation from IRS filings

Thomas J Formolo — President/Treasurer
Elizabeth Douglas — Director
Rich Miller — Director
Hayley F Mans — Secretary

All board members serve without compensation.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
THOMAS J FORMOLO	PRESIDENT/TREASURER	—	—
ELIZABETH DOUGLAS	DIRECTOR	—	—
RICH MILLER	DIRECTOR	—	—
HAYLEY F MANS	SECRETARY	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Andersen-formolo Family Foundation fund?

The foundation primarily supports organizations working in three key areas: • **Education** (24% of giving) • **Social & Human Services** (25% of giving) • **Religion** (23% of giving)

How do I apply for a grant from Andersen-formolo Family Foundation?

**Grant Activity:** • Median grant size: $25,000 • Grant range: $5,000 to $100,000 • Recent grants include: • $105,000 to National-Louis University • $100,000 to Exodus World Service • $50,000 to Sunshine Gospel Ministries • $40,000 to By the Hand • $30,000 to North Shore Country Day School • $25,000 to Kids First Chicago • $10,000 to Save The Children **Application Process:** Applicants must contact the foundation directly for specific grant application instructions. There are no application d…

Where does Andersen-formolo Family Foundation make grants?

What size grants does Andersen-formolo Family Foundation award?

In 2024, Andersen-formolo Family Foundation awarded 23 grants totaling $746K — an average of about $32K per grant, based on its IRS Form 990 filings.

How much is Andersen-formolo Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Andersen-formolo Family Foundation reported a distributable amount of $697K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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.