Big Shoulders Fund is a 501(c)(3) nonprofit organization based in Chicago, Illinois, founded in 1986 by Cardinal Joseph Bernardin and a group of Chicago business and civic leaders. The organization provides financial support to Catholic schools with demonstrated need that offer quality, values-based education for Chicago's children and families in the surrounding region.
Key facts about Big Shoulders Fund
- EIN
- 36-3490557
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $24,333,400
- Grants made (2025)
- 84
- Average grant
- $289,683
- Median grant
- $159,797
- New grantees (estimate)
- 20% first-time grantees (17 of 83, 2025)
- Total assets
- $152,085,991
- Primary geography
- Illinois (90% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Big Shoulders Fund funds
By grant dollars, the top recipient states for Big Shoulders Fund's 84 itemized 2025 grants were Illinois (90%) and Indiana (10%). The most frequent recipient cities were Chicago, IL (57 grants), Michigan City, IN (4 grants), Waukegan, IL (3 grants) and Hammond, IN (3 grants). None of its 84 grants with a stated purpose were described as general or operating support. Recurring purposes include "Ae" (23 grants), "Ae, LPD, Op" (9 grants) and "Ae, Op" (6 grants).
Is Big Shoulders Fund open to new grantees?
20%
first-time grantees, 2025
In 2025, 17 of 83 grantees (20%) were first-time recipients. First grants averaged $106K; repeat grants $341K. How we count
Medians: $101K first-time, $292K repeat.
Estimate from itemized IRS Form 990-PF grant lists (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Big Shoulders Fund
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Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$152.1M
+1.3% YoY
Annual Giving
$24.3M
+60.8% YoY
Grant Count
84
+7.7% YoY
Avg Grant Size
$290K
+49.3% YoY
Mission & Focus Areas
Big Shoulders Fund's mission is to assist schools with demonstrated needs in the Chicagoland area and Northwest Indiana by investing in scholarship support, academic enrichment, operational improvements, leadership development, and professional development for teachers and school leaders.
The organization operates with a distinctive funding model: 100 percent of funds currently raised support programs that benefit schools and students, as administrative expenses are supported by an endowment and other income.
Grantmaking
Big Shoulders Fund supports schools through four major investment areas:
Grant Range
s & Distribution:**
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Geographic Focus
Where this funder awards grants
Big Shoulders Fund operates across:
- Chicago region (72 schools)
- Northwest Indiana (19 schools supported through fully funded charitable donations)
The organization serves 25,000 students across 92 schools in the Chicago region and Northwest Indiana combined.
Grant Distribution by State
Share of all 84 itemized 2025 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (Fiscal Year 2024):
- Total assets: $150,134,830
- Total revenue: $84,776,624
- Total expenses: $75,889,009
- Net income: $8,887,615
- Total liabilities: $19.3 million
Annual Investment: The organization invests more than $40 million annually in scholarship support and academic enrichment for students, operational improvements for schools, leadership development programs, and academic programs and professional development for teachers.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $152,085,991 | $150,134,830 | $135,423,582 |
| Revenue | $53,155,887 | $84,776,624 | $65,677,021 |
| Expenses | $54,884,867 | $75,889,009 | $58,940,127 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $10,487,082 | $11,128,285 | $8,080,344 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS May 7, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS February 25, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS February 24, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS January 17, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS February 28, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS February 18, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS January 23, 2026)
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
368 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include St Sabina Academy ($1,369,348), St Ethelreda School ($1,223,850), St Francis de Sales High School ($1,061,550).
| Recipient | Purpose | Amount |
|---|---|---|
| St Sabina Academy Chicago, IL | AE, CP, OP | $1,369,348 |
| St Ethelreda School Chicago, IL | AE, CP, LPD, OP | $1,223,850 |
| St Francis de Sales High School Chicago, IL | AE, CP, OP, PP, DDG | $1,061,550 |
| St Angela School Chicago, IL | AE, OP, DDG | $917,202 |
| Epiphany School Chicago, IL | AE, LPD, OP, PP, DDG | $895,883 |
| St Constance School Chicago, IL | AE, LPD, OP, PP | $823,640 |
| Visitation School Chicago, IL | AE, CP, OP, PP, DDG | $799,930 |
| St Mary Star of the Sea School Chicago, IL | AE, OP | $734,101 |
| St Sylvester School Chicago, IL | AE, CP, LPD, OP, PP, DDG | $712,399 |
| Holy Angels School Chicago, IL | AE, LPD, OP, PP | $707,608 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| John Croghan | Vice Chairman | 1 | — |
| Kenneth J Velo | Co-Chairman | 25 | — |
| Kent Dauten | Co-Chairman | 15 | — |
| Arthur R Velasquez | Board of Trustees | 1 | — |
| Charles K Bobrinskoy | Board of Trustees | 1 | — |
| Cherryl Thomas | Board of Trustees | 1 | — |
| Christine E Kelly | Board of Trustees | 1 | — |
| Christopher Valenti | Board of Trustees | 1 | — |
| Daniel Doherty | Board of Trustees | 1 | — |
| David Dury | Board of Trustees | 1 | — |
| Dennis Fitzsimons | Board of Trustees | 1 | — |
| Elizabeth Cole | Board of Trustees | 1 | — |
| Gerald Beeson | Board of Trustees | 1 | — |
| Giancarlo Turano | Board of Trustees | 1 | — |
| Gregory Q Brown | Board of Trustees | 1 | — |
| James A Gordon | Board of Trustees | 1 | — |
| James Compton | Board of Trustees | 1 | — |
| James Hoeg | Board of Trustees | 1 | — |
| John A Canning Jr | Board of Trustees | 1 | — |
| John Schreiber | Board of Trustees | 1 | — |
| Kimberly Querrey | Board of Trustees | 1 | — |
| Larry Richman | Board of Trustees | 1 | — |
| Lee Henderson | Board of Trustees | 1 | — |
| Leigh-Anne Kazma | Board of Trustees | 1 | — |
| Mary Dempsey | Board of Trustees | 1 | — |
| Stephen King | Board of Trustees | 1 | — |
| Tao Huang | Board of Trustees | 1 | — |
| Thomas E Lanctot | Board of Trustees | 1 | — |
| Thomas Reynolds III | Board of Trustees | 1 | — |
| Timothy Sullivan | Board of Trustees | 1 | — |
| William Devers | Board of Trustees | 1 | — |
| William T Lynch | Board of Trustees | 1 | — |
| Joshua Hale | President and Chief Executive Officer | 50 | $585,588 |
| Malcolm Douglas | Chief Financial Officer | 50 | $254,776 |
| Amelia Drozda | Chief Advancement & Development Officer | 50 | $204,800 |
| Daniel Bennett | Senior Director, Scholarships | 50 | $191,377 |
| Rebecca Lindsay-Ryan | Chief Schools Officer | 50 | $292,828 |
| Daniel Kozlowski | Managing Director, NWI | 50 | $166,775 |
| Danielle Robinson | Managing Director, School Operations and Patrons Program | 50 | $165,754 |
| Laura Nalley | Senior Director, People and Leadership | 50 | $159,145 |
| Maria Ippolito | Managing Director, School Marketing and Enrollment | 50 | $154,012 |
| Timothy Gallo | Managing Director, Plus Schools and Leadership | 50 | $171,161 |
Recent News & Activity
Recent developments and announcements
The Dean and Barbara White Family Foundation made a record commitment to support Northwest Indiana schools
The Dean and Barbara White Family Foundation Commits Record ...Big Shoulders Fund received a $150 million donation for Catholic schools
BIG SHOULDERS FUND ANNOUNCES $1.65 MILLION INITIATIVE TO EXPAND ACCESS TO\Partnership with Valparaiso University to open more doors for future Indiana teachers
Valparaiso University and Big Shoulders Fund Open More Doors for ...Launched $1.65 million initiative to expand access to quality early childhood education in Englewood and Little Village
BIG SHOULDERS FUND ANNOUNCES $1.65 MILLION INITIATIVE TO EXPAND ACCESS TO\Received a grant from The Cigna Group Foundation in July 2025
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Big Shoulders Fund fund?
Big Shoulders Fund's mission is to assist schools with demonstrated needs in the Chicagoland area and Northwest Indiana by investing in scholarship support, academic enrichment, operational improvements, leadership development, and professional development for teachers and school leaders. The organization operates with a distinctive funding model: 100 percent of funds currently raised support programs that benefit schools and students, as administrative expenses are supported by an endowment an…
How do I apply for a grant from Big Shoulders Fund?
**Grant Sizes & Distribution:** • Typical awards range from $5,000 to $2,059,588 • Total giving in fiscal year 2024: $63,152,854 **Program Areas:** Big Shoulders Fund supports schools through four major investment areas: • **Scholarships & Enrichment:** Direct financial support for students • **Operational Improvements:** Support for school operations and sustainability • **Academic Programs:** Support for curriculum, professional development for teachers and school leaders, and structures for …
Where does Big Shoulders Fund make grants?
Big Shoulders Fund operates across: • Chicago region (72 schools) • Northwest Indiana (19 schools supported through fully funded charitable donations) The organization serves 25,000 students across 92 schools in the Chicago region and Northwest Indiana combined.
What size grants does Big Shoulders Fund award?
In 2025, Big Shoulders Fund awarded 84 grants totaling $24.3M — an average of about $290K per grant, based on its IRS Form 990 filings.
What is Big Shoulders Fund's EIN?
Big Shoulders Fund's EIN (Employer Identification Number) is 36-3490557. IRS Form 990 filing data is available on this page for 2019–2025.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.