Carolyn Eleanore Damon Family Fdn

PENNINGTON, NJ EIN: 30-6529592

Carolyn Eleanore Damon Family Fdn is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $1.7M in total assets. In 2024, it awarded 2 grants totaling $78K. Net investment income was $73K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.7M

-1.3% YoY

Annual Giving

$78K

-4.8% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$39K

-4.8% YoY

Under IRS private-foundation payout rules, Carolyn Eleanore Damon Family Fdn reported a distributable amount of $103K for 2024 — the minimum it must pay out in qualifying distributions.

About Carolyn Eleanore Damon Family Fdn

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Illinois $411K (100%)

States

Illinois

Cities

Chicago

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,731,978	$1,754,608	$1,890,675
Revenue	$84,367	$-27,577	$54,273
Expenses	$106,706	$108,173	$123,571
Qualifying Distributions	$94,788	$97,157	$105,654
Net Investment Income	$72,568	$36,224	$42,810
Distributable Amount	$103,337	$93,199	$98,694

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Friends of the Chicago River ($54,549), Chicago Public Library Foundation ($23,378).

Recipient	Purpose	Amount
CHICAGO PUBLIC LIBRARY FOUNDATION CHICAGO, IL	GENERAL OPERATING	$23,378
FRIENDS OF THE CHICAGO RIVER CHICAGO, IL	GENERAL OPERATING	$54,549

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BANK OF AMERICA N A	TRUSTEE	2	$28,076

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Carolyn Eleanore Damon Family Fdn?

Carolyn Eleanore Damon Family Fdn is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. It holds $1.7M in total assets as of 2024.

How large is Carolyn Eleanore Damon Family Fdn?

As of 2024, Carolyn Eleanore Damon Family Fdn holds $1.7M in total assets with $84K in annual revenue. It awarded 2 grants totaling $78K in 2024.

Where does Carolyn Eleanore Damon Family Fdn operate?

Carolyn Eleanore Damon Family Fdn has awarded grants in Illinois.

What size grants does Carolyn Eleanore Damon Family Fdn award?

In 2024, Carolyn Eleanore Damon Family Fdn awarded 2 grants totaling $78K — an average of about $39K per grant, based on its IRS Form 990 filings.

How much is Carolyn Eleanore Damon Family Fdn required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Carolyn Eleanore Damon Family Fdn reported a distributable amount of $103K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Carolyn Eleanore Damon Family Fdn's EIN?

Carolyn Eleanore Damon Family Fdn's EIN (Employer Identification Number) is 30-6529592. IRS Form 990 filing data is available on this page for 2019–2024.