Caterpillar Foundation
Caterpillar Foundation is a private foundation, based in Peoria, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $233.6M in total assets. In 2024, it awarded 1 grant totaling $43.2M. Net investment income was $36.7M.
Key facts about Caterpillar Foundation
- EIN
- 37-6022314
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $43,185,533
- Grants made (2024)
- 1
- Average grant
- $43,185,533
- Median grant
- $43,185,533
- Total assets
- $233,585,354
- Primary geography
- Illinois (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
How Caterpillar Foundation gives
- Giving held roughly steady from 2021 to 2024 (+5%). Method
- In 2024 it paid out 414% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Caterpillar Foundation
- How to evaluate Caterpillar Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$233.6M
+27.2% YoY
Annual Giving
$43.2M
-0.7% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$43.2M
-0.7% YoY
Under IRS private-foundation payout rules, Caterpillar Foundation reported a distributable amount of $10.8M for 2024 — the minimum it must pay out in qualifying distributions.
About Caterpillar Foundation
Based on IRS filings
Caterpillar Foundation is a private foundation, based in Peoria, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $233.6M in total assets. In 2024, it awarded 1 grant totaling $43.2M. Net investment income was $36.7M.
Ready to take the next step with Caterpillar Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2024 grant dollars.
States
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $233,585,354 | $183,705,499 | $151,635,692 |
| Revenue | $95,963,208 | $77,740,833 | $72,859,942 |
| Expenses | $46,191,344 | $45,895,564 | $44,066,259 |
| Qualifying Distributions | $44,862,160 | $44,960,275 | $43,147,795 |
| Net Investment Income | $36,653,368 | $17,237,707 | $12,694,219 |
| Distributable Amount | $10,843,604 | $8,296,763 | $7,185,596 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include See Attached List ($43,185,533).
| Recipient | Purpose | Amount |
|---|---|---|
| SEE ATTACHED LIST Various, IL | SEE ATTACHED LIST | $43,185,533 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2021 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Bob De Lange | Director | 0.1 | — |
| Kathryn Dickey Karol | Chairman of the Board | 0.1 | — |
| Caterpillar Inc | Member | 0.1 | — |
| Cheryl Johnson | Director | 0.1 | — |
| Denise Carolyn Johnson | Director | 0.1 | — |
| Joseph Edward Creed | Director | 0.1 | — |
| Raymond Chan | Director | 0.1 | — |
| Kevin Todd Stoller | Treasurer | 0.1 | — |
| Songkang Cheng | Secretary | 0.1 | — |
| Asha Varghese | President and Director | 0.1 | — |
| Brian Colgan | Vice President | 0.1 | — |
Frequently Asked Questions
How large is Caterpillar Foundation?
As of 2024, Caterpillar Foundation holds $233.6M in total assets with $96.0M in annual revenue. It awarded 1 grant totaling $43.2M in 2024.
Where does Caterpillar Foundation operate?
Caterpillar Foundation has awarded grants in Illinois.
What size grants does Caterpillar Foundation award?
In 2024, Caterpillar Foundation awarded 1 grant totaling $43.2M — an average of about $43.2M per grant, based on its IRS Form 990 filings.
How much is Caterpillar Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Caterpillar Foundation reported a distributable amount of $10.8M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Caterpillar Foundation's EIN?
Caterpillar Foundation's EIN (Employer Identification Number) is 37-6022314. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.