Chern Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORTHBROOK, IL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $805K in total assets. In 2024, it awarded 11 grants totaling $1.1M. Net investment income was $12K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$805K
-29.1% YoY
Annual Giving
$1.1M
+232.9% YoY
Grant Count
11
+0.0% YoY
Avg Grant Size
$104K
+232.9% YoY
Under IRS private-foundation payout rules, Chern Family Foundation reported a distributable amount of $64K for 2024 — the minimum it must pay out in qualifying distributions.
About Chern Family Foundation
Based on IRS filings
Chern Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORTHBROOK, IL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $805K in total assets. In 2024, it awarded 11 grants totaling $1.1M. Net investment income was $12K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $804,855 | $1,135,192 | $777,789 |
| Revenue | $15,594 | $535,105 | $1,130,471 |
| Expenses | $1,149,545 | $347,095 | $507,570 |
| Qualifying Distributions | $1,146,152 | $345,189 | $493,183 |
| Net Investment Income | $12,201 | $14,866 | $517,003 |
| Distributable Amount | $63,543 | $39,738 | $24,254 |
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
39 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Autism Speaks ($747,985), Finca International Inc ($148,452), A Better Chicago ($104,151).
| Recipient | Purpose | Amount |
|---|---|---|
| A BETTER CHICAGO CHICAGO, IL | DONATION TOWARDS EXEMPT PURPOSE | $104,151 |
| AMERICAN ISRAEL EDUCATION FOUNDATION WASHINGTON, DC | DONATION TOWARDS EXEMPT PURPOSE | $50,172 |
| AMERICAN RED MAGEN DAVID NEW YORK, NY | DONATION TOWARDS EXEMPT PURPOSE | $10,000 |
| AUTISM SPEAKS PRINCETON, NJ | DONATION TOWARDS EXEMPT PURPOSE | $747,985 |
| CAMP OUT FOR KIDS CHICAGO, IL | DONATION TOWARDS EXEMPT PURPOSE | $25,000 |
| EPILEPSY FOUNDATION OF GREATER CHICAGO CHICAGO, IL | DONATION TOWARDS EXEMPT PURPOSE | $15,000 |
| JEWISH UNITED FUND CHICAGO, IL | DONATION TOWARDS EXEMPT PURPOSE | $10,000 |
| ANTICRUELTY SOCIETY CHICAGO, IL | DONATION TOWARDS EXEMPT PURPOSE | $1,000 |
| CENTRAL FUND OF ISRAEL CEDARHURST, NY | DONATION TOWARDS EXEMPT PURPOSE | $25,000 |
| FINCA INTERNATIONAL INC WASHINGTON, DC | DONATION TOWARDS EXEMPT PURPOSE | $148,452 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ERIC CHERN | PRESIDENT | 2 | — |
| LAURA CHERN | SECRETARY/TREASURER | — | — |
| ALLEN SHULMAN | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Chern Family Foundation?
Chern Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORTHBROOK, IL. It holds $805K in total assets as of 2024.
How large is Chern Family Foundation?
As of 2024, Chern Family Foundation holds $805K in total assets with $16K in annual revenue. It awarded 11 grants totaling $1.1M in 2024.
Where does Chern Family Foundation operate?
Chern Family Foundation has awarded grants in District of Columbia, Georgia, Illinois, Massachusetts, Minnesota, New Jersey, New York.
What size grants does Chern Family Foundation award?
In 2024, Chern Family Foundation awarded 11 grants totaling $1.1M — an average of about $104K per grant, based on its IRS Form 990 filings.
How much is Chern Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Chern Family Foundation reported a distributable amount of $64K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Chern Family Foundation's EIN?
Chern Family Foundation's EIN (Employer Identification Number) is 87-3202211. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Chern Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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