Cone Family Charitable Foundation
Cone Family Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SHERRARD, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $264K in total assets. In 2024, it awarded 7 grants totaling $18K. Net investment income was $4K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$264K
-5.2% YoY
Annual Giving
$18K
+2.9% YoY
Grant Count
7
-12.5% YoY
Avg Grant Size
$3K
+17.6% YoY
Under IRS private-foundation payout rules, Cone Family Charitable Foundation reported a distributable amount of $16K for 2024 — the minimum it must pay out in qualifying distributions.
About Cone Family Charitable Foundation
Based on IRS filings
Cone Family Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SHERRARD, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $264K in total assets. In 2024, it awarded 7 grants totaling $18K. Net investment income was $4K.
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 | $264,303 | $278,795 | $291,530 |
| Revenue | $9,197 | $9,553 | $7,994 |
| Expenses | $23,689 | $22,288 | $18,052 |
| Qualifying Distributions | $18,000 | $17,500 | $13,000 |
| Net Investment Income | $3,903 | $4,999 | $3,123 |
| Distributable Amount | $16,221 | $15,393 | $16,495 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
36 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Mayo Clinic ($7,000), Nest Cafe ($3,500), Youth Hope ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| CHILDREN'S THERAPY CENTER ROCK ISLAND, IL | HELPS CHILDREN IN OUR COMMUNITY | $1,000 |
| EAST MOLINE FOUNDATION EAST MOLINE, IL | TO RAISE FUNDS TO BENEFIT THE COMMUNITY | $2,000 |
| GIGI PLAYHOUSE MOLINE, IL | HELPING TO EMPOWER, EDUCATE AND INSPIRE CHILDREN | $1,000 |
| MAYO CLINIC ROCHESTER, MN | HELPING PEOPLE IN OUR COMMUNITY | $7,000 |
| NEST CAFE ROCK ISLAND, IL | MISSION: TO PROVIDE FOOD TO THE PEOPLE OF THE COMMUNITY | $3,500 |
| QC PAWS MOLINE, IL | HELPING ANIMALS IN THE QUAD CITIES | $1,000 |
| YOUTH HOPE MOLINE, IL | HELPING YOUTH IN OUR COMMUNITY | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CARREL SAGON | DIRECTOR, PRESIDENT AND SE | 1 | — |
| KEVIN M SAGON | DIRECTOR AND VICE PRESIDEN | 1 | — |
| GREGORY T SAGON | DIRECTOR, VICE PRESIDENT, | 1 | — |
| LARRY ANDERSON | DIRECTOR AND VICE PRESIDEN | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Cone Family Charitable Foundation?
Cone Family Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SHERRARD, IL. It holds $264K in total assets as of 2024.
How large is Cone Family Charitable Foundation?
As of 2024, Cone Family Charitable Foundation holds $264K in total assets with $9K in annual revenue. It awarded 7 grants totaling $18K in 2024.
Where does Cone Family Charitable Foundation operate?
Cone Family Charitable Foundation has awarded grants in Iowa, Illinois, Minnesota.
What size grants does Cone Family Charitable Foundation award?
In 2024, Cone Family Charitable Foundation awarded 7 grants totaling $18K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Cone Family Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Cone Family Charitable Foundation reported a distributable amount of $16K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Cone Family 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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