Clarence & Ida Klassen Charitable Foundation
Clarence & Ida Klassen Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SPRINGFIELD, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 3 grants totaling $82K. Net investment income was $133K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
+2.5% YoY
Annual Giving
$82K
-4.5% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$27K
-4.5% YoY
Under IRS private-foundation payout rules, Clarence & Ida Klassen Charitable Foundation reported a distributable amount of $91K for 2024 — the minimum it must pay out in qualifying distributions.
About Clarence & Ida Klassen Charitable Foundation
Based on IRS filings
Clarence & Ida Klassen Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SPRINGFIELD, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 3 grants totaling $82K. Net investment income was $133K.
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 | $1,599,005 | $1,559,739 | $1,500,033 |
| Revenue | $127,093 | $84,753 | $89,806 |
| Expenses | $92,975 | $97,717 | $110,354 |
| Qualifying Distributions | $82,050 | $85,900 | $96,000 |
| Net Investment Income | $132,676 | $72,403 | $132,622 |
| Distributable Amount | $90,908 | $82,339 | $85,435 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Illinois State Museum ($54,700), Reading is Fundamental ($13,675), Wilmer Eye Institute ($13,675).
| Recipient | Purpose | Amount |
|---|---|---|
| Illinois State Museum Springfield, IL | Ethnoloty curatorship | $54,700 |
| Reading is Fundamental Springfield, IL | Book purchase | $13,675 |
| Wilmer Eye Institute Baltimore, MD | Macular research | $13,675 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Barry Hines | Trustee | 1 | $4,700 |
| Peggi L Weymouth | Trustee | 1 | $4,700 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Clarence & Ida Klassen Charitable Foundation?
Clarence & Ida Klassen Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SPRINGFIELD, IL. It holds $1.6M in total assets as of 2024.
How large is Clarence & Ida Klassen Charitable Foundation?
As of 2024, Clarence & Ida Klassen Charitable Foundation holds $1.6M in total assets with $127K in annual revenue. It awarded 3 grants totaling $82K in 2024.
Where does Clarence & Ida Klassen Charitable Foundation operate?
Clarence & Ida Klassen Charitable Foundation has awarded grants in Illinois, Maryland.
What size grants does Clarence & Ida Klassen Charitable Foundation award?
In 2024, Clarence & Ida Klassen Charitable Foundation awarded 3 grants totaling $82K — an average of about $27K per grant, based on its IRS Form 990 filings.
How much is Clarence & Ida Klassen Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Clarence & Ida Klassen Charitable Foundation reported a distributable amount of $91K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Clarence & Ida Klassen Charitable Foundation's EIN?
Clarence & Ida Klassen Charitable Foundation's EIN (Employer Identification Number) is 20-7218642. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Clarence & Ida Klassen Charitable 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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