Andersen-formolo Family Foundation
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
23
+76.9% YoY
Avg Grant Size
$32K
-16.8% YoY
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
Cities
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
| 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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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