Chi-leap Scholarship Foundation
Chi-leap Scholarship Foundation is a private foundation, based in Chicago, IL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $9K in total assets. In 2025, it awarded 5 grants totaling $23K. Net investment income was $668.
Chi-leap Scholarship Foundation at a glance
In short: Chi-leap Scholarship Foundation gave $23K across 5 grants in 2025 (avg $5K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $23,000
- +39.4% vs 2024
- Grants made (2025)
- 5
- +150.0% vs 2024
- Average grant
- $4,600
- -44.2% vs 2024
- Median grant
- $2,000
- Total assets
- $8,671
- -72.5% vs 2024
- Primary geography
- Illinois (76% 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 Chi-leap Scholarship Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was University of Illinois ($15K). Together the top 5 received $23K.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 9 grants of 9 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How Chi-leap Scholarship Foundation gives
- Giving grew 130% from 2022 to 2025. Method
- In 2024 it paid out 864% 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 2022 to 2025, annual grant giving ranged from $10K (2022) to $23K (2025). In 2025 it made 5 grants totaling $23K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Illinois Urbana, IL | Scholarship | $15,000 |
| Cornell University Ithaca, NY | Scholarship | $5,000 |
| Polaris Charter School Chicago, IL | Scholarship | $2,000 |
| Children at the Crossroads Chicago, IL | Scholarship | $500 |
| American Welding Society Miami, FL | Scholarship | $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 | $8,671 | $668 | $23,515 | $23,000 | 5 | — | $668 | — |
| 2024 | $31,542 | $1,691 | $17,015 | $16,500 | 2 | $16,500 | $1,691 | $1,909 |
| 2023 | $46,956 | $17,520 | $18,161 | $15,000 | 1 | $15,000 | $6,520 | $2,274 |
| 2022 | $48,216 | $54,713 | $12,141 | $10,000 | 1 | $10,000 | $42,568 | — |
| 2021 | $84,610 | $87,900 | $3,290 | — | — | — | — | $2,350 |
Leadership & Key People
Officers and directors from IRS filings
Chi-leap Scholarship Foundation is led by Jonathan Adams, President on every filing since 2021; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Jonathan Adams
President
On filings since 2021
1 hr/week
No compensation reported
Gaurang Patel
Treasurer
On filings since 2021
1 hr/week
No compensation reported
Peter Quigley
Secretary
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "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 Chi-leap Scholarship Foundation
How much does Chi-leap Scholarship Foundation give each year?
Chi-leap Scholarship Foundation gave $23K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $17K across 2 grants.
What is Chi-leap Scholarship Foundation's typical grant size?
Chi-leap Scholarship Foundation's median grant in 2025 was $2,000, and its average grant was $4,600, across 5 grants on its 2025 IRS Form 990-PF.
Where does Chi-leap Scholarship Foundation give grants?
Chi-leap Scholarship Foundation gives mostly in Illinois: 76% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New York (22%). The most frequent recipient cities were Chicago, IL (2 grants).
Does Chi-leap Scholarship Foundation give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on Chi-leap Scholarship Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (5 grants).
Who are Chi-leap Scholarship Foundation's largest grantees?
Chi-leap Scholarship Foundation's largest 2025 grantees include University of Illinois ($15,000), Cornell University ($5,000) and Polaris Charter School ($2,000), according to its 2025 IRS Form 990-PF. Together they received 96% of its itemized 2025 grant dollars.
How large is Chi-leap Scholarship Foundation?
Chi-leap Scholarship Foundation reported $9K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $668.
What is Chi-leap Scholarship Foundation's EIN?
Chi-leap Scholarship Foundation's EIN (Employer Identification Number) is 86-3109735. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 24, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 27, 2026)
- IRS filings on file for fiscal years 2021–2024
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Figures come from Chi-leap Scholarship Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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