CORE Construction Foundation
CORE Construction Foundation is a private foundation, based in Peoria, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $729K in total assets. In 2024, it awarded 1 grant totaling $100K. Net investment income was $31K.
CORE Construction Foundation at a glance
In short: CORE Construction Foundation gave $100K across 1 grant in 2024 (avg $100K), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $100,000
- +300.0% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $100,000
- +300.0% vs 2023
- Median grant
- $100,000
- Total assets
- $729,277
- +4.4% vs 2023
- Primary geography
- Illinois (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who CORE Construction Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Illinois State University Foundation ($100K).
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 14 grants of 17 (82%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
Cities
How CORE Construction Foundation gives
- Giving fell 70% from 2021 to 2024. Method
- In 2024 it paid out 319% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $25K (2023) to $335K (2021). In 2024 it made 1 grant totaling $100K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Illinois State University Foundation Normal, IL | Charitable | $100,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $729,277 | $130,943 | $100,000 | $100,000 | 1 | $100,000 | $30,943 | $31,318 |
| 2023 | $698,334 | $365,286 | $25,056 | $25,000 | 1 | $15 | $15,230 | — |
| 2022 | $358,104 | $231,272 | $90,070 | $90,000 | 5 | $15 | $3,217 | — |
| 2021 | $216,902 | $300,446 | $335,165 | $335,000 | 6 | $335,015 | $296 | — |
| 2020 | $251,620 | $891 | $44,550 | $44,500 | 4 | — | $856 | — |
Under IRS private-foundation payout rules, CORE Construction Foundation reported a distributable amount of $31K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
CORE Construction Foundation is led by Wayne E Baum, President & Director on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Wayne E Baum
President & Director
On filings since 2020
1 hr/week
No compensation reported
Craig R Baum
Secretary & Director
On filings since 2020
1 hr/week
No compensation reported
Kenneth D Baum
Vice President & Director
On filings since 2020
1 hr/week
No compensation reported
Mark Steffen
Treasurer & Director
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (1)
- Former: Terry L. Baum (2020) — Treasurer & Director
Data from IRS Form 990 filings, 2020–2024. "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 CORE Construction Foundation
How much does CORE Construction Foundation give each year?
CORE Construction Foundation gave $100K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $25K across 1 grant.
How large is CORE Construction Foundation?
CORE Construction Foundation reported $729K in total assets on its 2024 IRS Form 990-PF. It paid out $100K in qualifying distributions that year, against a required minimum of $31K (roughly 5% of its investment assets).
Where does CORE Construction Foundation operate?
CORE Construction Foundation has awarded grants in Illinois, Texas.
What is CORE Construction Foundation's EIN?
CORE Construction Foundation's EIN (Employer Identification Number) is 37-1376986. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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