Clarence & Ida Klassen Charitable Foundation

SPRINGFIELD, IL EIN: 20-7218642

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

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Cities

BaltimoreSpringfield

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$42K$84K$127K$169K20202021202220232024
Metric202420232022
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

$0$24K$48K$72K$96K3 grants20203 grants20213 grants20223 grants20233 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Illinois State Museum$55KReading is Fundamental$14KWilmer Eye Institute$14K

Grant Size Distribution

15 grants across all recorded years

10<$50K5$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

Barry HinesTrustee$5KPeggi L WeymouthTrustee$5K

From 2024 filing

NameTitleHoursCompensation
Barry HinesTrustee1$4,700
Peggi L WeymouthTrustee1$4,700

Subject Areas

Focus areas based on grantmaking activity

Related Funders

Similar funders by location and focus area

Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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