Chi-leap Scholarship Foundation
Chi-leap Scholarship Foundation is a private foundation, based in CHICAGO, IL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $32K in total assets. In 2024, it awarded 2 grants totaling $17K. Net investment income was $2K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$32K
-32.8% YoY
Annual Giving
$17K
+10.0% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$8K
-45.0% YoY
Under IRS private-foundation payout rules, Chi-leap Scholarship Foundation reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
About Chi-leap Scholarship Foundation
Based on IRS filings
Chi-leap Scholarship Foundation is a private foundation, based in CHICAGO, IL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $32K in total assets. In 2024, it awarded 2 grants totaling $17K. Net investment income was $2K.
Ready to take the next step with Chi-leap Scholarship Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $31,542 | $46,956 | $48,216 |
| Revenue | $1,691 | $17,520 | $54,713 |
| Expenses | $17,015 | $18,161 | $12,141 |
| Qualifying Distributions | $16,500 | $15,000 | $10,000 |
| Net Investment Income | $1,691 | $6,520 | $42,568 |
| Distributable Amount | $1,909 | $2,274 | — |
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
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Illinois ($15,000), After School Matters ($1,500).
| Recipient | Purpose | Amount |
|---|---|---|
| University of Illinois Urbana, IL | Scholarship | $15,000 |
| After School Matters Chicago, IL | After School | $1,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Jonathan Adams | President | 1 | — |
| Peter Quigley | Secretary | 1 | — |
| Gaurang Patel | Treasurer | 1 | — |
Frequently Asked Questions
How large is Chi-leap Scholarship Foundation?
As of 2024, Chi-leap Scholarship Foundation holds $32K in total assets with $2K in annual revenue. It awarded 2 grants totaling $17K in 2024.
Where does Chi-leap Scholarship Foundation operate?
Chi-leap Scholarship Foundation has awarded grants in Illinois.
What size grants does Chi-leap Scholarship Foundation award?
In 2024, Chi-leap Scholarship Foundation awarded 2 grants totaling $17K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Chi-leap Scholarship Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Chi-leap Scholarship Foundation reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2021–2024.
Explore Open Grants
Browse active grant opportunities in Chi-leap Scholarship 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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