Carpe Diem Foundation of Illinois
Carpe Diem Foundation of Illinois is a private foundation focused on Education, based in Chicago, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $26K in total assets. In 2025, it awarded 3 grants totaling $5K. Net investment income was $3K.
Carpe Diem Foundation of Illinois at a glance
In short: Carpe Diem Foundation of Illinois gave $5K across 3 grants in 2025 (avg $2K), top state Wisconsin. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $4,500
- -14.3% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $1,500
- -14.3% vs 2024
- Median grant
- $1,500
- Total assets
- $25,926
- -7.0% vs 2024
- Primary geography
- Wisconsin (33% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Carpe Diem Foundation of Illinois funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Lawrence University ($2K). Together the top 3 received $5K.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 13 grants of 13 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How Carpe Diem Foundation of Illinois gives
- Giving grew 100% from 2022 to 2025. Method
- In 2025 it paid out 235% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $2K (2020) to $5K (2024). In 2025 it made 3 grants totaling $5K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Lawrence University Appleton, WI | For the Benefit of Vivian Khan | $1,500 |
| Carnegie Mellon U Pittsburgh, PA | For the Benefit of Hudson Orfe | $1,500 |
| Indiana University Bloomingtin, IA | For the Benefit of Abby Heck | $1,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $25,926 | $3,216 | $5,158 | $4,500 | 3 | $4,567 | $2,625 | $1,942 |
| 2024 | $27,868 | $661 | $6,213 | $5,250 | 3 | $5,462 | — | $1,952 |
| 2023 | $32,671 | $2,948 | $5,389 | $4,500 | 3 | $4,525 | $1,743 | $1,847 |
| 2022 | $35,084 | $5,408 | $4,893 | $2,250 | 3 | $3,305 | $4,309 | $1,954 |
| 2021 | $34,563 | $4,217 | $3,157 | $3,000 | 1 | $3,043 | $4,137 | $2,150 |
| 2020 | $33,503 | $700 | $1,852 | $1,500 | 1 | — | $594 | $1,748 |
Under IRS private-foundation payout rules, Carpe Diem Foundation of Illinois reported a distributable amount of $2K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Carpe Diem Foundation of Illinois is led by Gordon V. Levine, Executive Director on every filing since 2020; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Gordon V. Levine
Executive Director
On filings since 2020
12 hrs/week
No compensation reported
Cynthia Muller
Director
On filings since 2020
3 hrs/week
No compensation reported
Maureen Levine
Secretary & Treasurer
On filings since 2020
12 hrs/week
No compensation reported
Sharon Bennett
Assistant Secretary & Treasurer
Director → Assistant Secretary & Treasurer, 2024
On filings since 2020
3 hrs/week
No compensation reported
Former officers (1)
- Former: Joanne Schwichtenberg (2020–2021) — Director
Data from IRS Form 990 filings, 2020–2025. "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 Carpe Diem Foundation of Illinois
How much does Carpe Diem Foundation of Illinois give each year?
Carpe Diem Foundation of Illinois gave $5K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $5K across 3 grants.
What is Carpe Diem Foundation of Illinois's typical grant size?
Carpe Diem Foundation of Illinois's median grant in 2025 was $1,500, and its average grant was $1,500, across 3 grants on its 2025 IRS Form 990-PF.
Where does Carpe Diem Foundation of Illinois give grants?
Carpe Diem Foundation of Illinois's top state is Wisconsin, with 33% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Pennsylvania (33%) and Iowa (33%).
Does Carpe Diem Foundation of Illinois give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Carpe Diem Foundation of Illinois's 2025 IRS Form 990-PF were described as general or operating support.
How large is Carpe Diem Foundation of Illinois?
Carpe Diem Foundation of Illinois reported $26K in total assets on its 2025 IRS Form 990-PF. It paid out $5K in qualifying distributions that year, against a required minimum of $2K (roughly 5% of its investment assets).
What is Carpe Diem Foundation of Illinois?
Carpe Diem Foundation of Illinois is a private foundation focused on Education, based in Chicago, IL. It holds $26K in total assets as of 2025.
What is Carpe Diem Foundation of Illinois's EIN?
Carpe Diem Foundation of Illinois's EIN (Employer Identification Number) is 73-1625173. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
- IRS filings on file for fiscal years 2020–2024
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