Cone Family Charitable Foundation
Cone Family Charitable Foundation is a private foundation, based in Sherrard, IL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $292K in total assets. In 2025, it awarded 8 grants totaling $18K. Net investment income was $46K.
Key facts about Cone Family Charitable Foundation
In short: Cone Family Charitable Foundation gave $18K across 8 grants in 2025 (avg $2K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- EIN
- 83-2388251
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $18,000
- Grants made (2025)
- 8
- Average grant
- $2,250
- Median grant
- $1,000
- Total assets
- $291,831
- Primary geography
- Minnesota (56% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$292K
+10.4% YoY
Annual Giving
$18K
+0.0% YoY
Grant Count
8
+14.3% YoY
Avg Grant Size
$2K
-12.5% YoY
Under IRS private-foundation payout rules, Cone Family Charitable Foundation reported a distributable amount of $16K for 2025 — the minimum it must pay out in qualifying distributions.
How Cone Family Charitable Foundation gives
- Giving grew 38% from 2022 to 2025. Method
- In 2025 it paid out 112% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $13K (2022) to $19K (2021). In 2025 it made 8 grants totaling $18K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Mayo Clinic ($10K). Together the top 8 received $18K.
Grant Size Distribution
38 grants across all recorded years
The most common grant size was under $50K: 38 grants of 38 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mayo Clinic Rochester, MN | Helping People in Our Community | $10,000 |
| Youth Hope Moline, IL | Helping Youth in Our Community | $2,000 |
| Gigi Playhouse Moline, IL | Helping to Empower, Educate and Inspire Children | $1,000 |
| QC Paws Moline, IL | Helping Animals in the Quad Cities | $1,000 |
| Make-a-Wish Chicago, IL | Create Life-Changing Wishes for Children with Critical Illnesses | $1,000 |
| Youth Life Coal Valley, IL | Helping Youth in Our Community | $1,000 |
| Children's Therapy Center Rock Island, IL | Helps children in our communityeast moline community fund c/o | $1,000 |
| East Moline Community Moline, IL | Helping People in Our Community | $1,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $291,831 | $264,303 | $278,795 |
| Revenue | $50,778 | $9,197 | $9,553 |
| Expenses | $23,250 | $23,689 | $22,288 |
| Qualifying Distributions | $18,000 | $18,000 | $17,500 |
| Net Investment Income | $45,582 | $3,903 | $4,999 |
| Distributable Amount | $16,010 | $16,221 | $15,393 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS March 10, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 8, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Cone Family Charitable Foundation is led by Carrel Sagon, Director, President & Secretary on every filing since 2019; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Carrel Sagon
Director, President & Secretary
On filings since 2019
1 hr/week
No compensation reported
Gregory T. Sagon
Director & Vice President
On filings since 2019
1 hr/week
No compensation reported
Kevin M. Sagon
Director & Vice President
On filings since 2019
1 hr/week
No compensation reported
Larry Anderson
Director & Vice President
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Cone Family Charitable Foundation
How much does Cone Family Charitable Foundation give each year?
Cone Family Charitable Foundation gave $18K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $18K across 7 grants.
What is Cone Family Charitable Foundation's typical grant size?
Cone Family Charitable Foundation's median grant in 2025 was $1,000, and its average grant was $2,250, across 8 grants on its 2025 IRS Form 990-PF.
Where does Cone Family Charitable Foundation give grants?
Cone Family Charitable Foundation gives mostly in Minnesota: 56% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Illinois (44%). The most frequent recipient cities were Moline, IL (4 grants).
Does Cone Family Charitable Foundation give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on Cone Family Charitable Foundation's 2025 IRS Form 990-PF were described as general or operating support.
Who are Cone Family Charitable Foundation's largest grantees?
Cone Family Charitable Foundation's largest 2025 grantees include Mayo Clinic ($10,000), Youth Hope ($2,000) and Gigi Playhouse ($1,000), according to its 2025 IRS Form 990-PF. Together they received 72% of its itemized 2025 grant dollars.
How large is Cone Family Charitable Foundation?
Cone Family Charitable Foundation reported $292K in total assets on its 2025 IRS Form 990-PF. It paid out $18K in qualifying distributions that year, against a required minimum of $16K (roughly 5% of its investment assets).
What is Cone Family Charitable Foundation's EIN?
Cone Family Charitable Foundation's EIN (Employer Identification Number) is 83-2388251. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Cone Family Charitable Foundation by hand.
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