Daniel M Kerrane Jr Foundation

WINNETKA, IL EIN: 26-0725242

Daniel M Kerrane Jr Foundation is a private foundation, based in WINNETKA, 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 5 grants totaling $67K. Net investment income was $87K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.6M

+1.4% YoY

Annual Giving

$67K

+0.0% YoY

Grant Count

+25.0% YoY

Avg Grant Size

$13K

-20.0% YoY

Under IRS private-foundation payout rules, Daniel M Kerrane Jr Foundation reported a distributable amount of $82K for 2024 — the minimum it must pay out in qualifying distributions.

About Daniel M Kerrane Jr Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Illinois $263K (71%)

New Jersey $63K (17%)

Tennessee $20K (5%)

Minnesota $10K (3%)

Pennsylvania $6K (2%)

Oklahoma $5K (1%)

California $2K (1%)

States

California Illinois Minnesota New Jersey Oklahoma Pennsylvania Tennessee

Cities

AlgonquinBannockburnBolinasChicagoCollegevilleEvanstonGlencoeLawrencevilleMemphisNewarkOklahoma CityPhiladelphiaSausalitoWilmetteWinnetka

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,583,654	$1,562,199	$1,559,374
Revenue	$104,806	$88,225	$135,143
Expenses	$87,392	$84,417	$103,339
Qualifying Distributions	$67,000	$67,000	$83,980
Net Investment Income	$87,304	$74,663	$122,494
Distributable Amount	$82,132	$64,903	$65,438

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Grant Size Distribution

40 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Loyola Academy ($20,000), Covenant House New Jersey ($15,000), Dare 2 Tri ($15,000).

Recipient	Purpose	Amount
COVENANT HOUSE NEW JERSEY NEWARK, NJ	GENERAL PURPOSES	$15,000
DARE 2 TRI CHICAGO, IL	GENERAL PURPOSES	$15,000
LOYOLA ACADEMY WILMETTE, IL	GENERAL PURPOSES	$20,000
ST JUDE CHILDREN'S RESEARCH HOSPITAL MEMPHIS, TN	GENERAL PURPOSES	$10,000
LYDIA HOME EVANSTON, IL	GENERAL PURPOSES	$7,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
LYNETTE KERRANE-DARRAGH	TRUSTEE	1	—
ERIC WOJCIKIEWICZ	TRUSTEE	0.25	—
DAVID SCHERER	TRUSTEE	0.25	—

Frequently Asked Questions

How large is Daniel M Kerrane Jr Foundation?

As of 2024, Daniel M Kerrane Jr Foundation holds $1.6M in total assets with $105K in annual revenue. It awarded 5 grants totaling $67K in 2024.

Where does Daniel M Kerrane Jr Foundation operate?

Daniel M Kerrane Jr Foundation has awarded grants in California, Illinois, Minnesota, New Jersey, Oklahoma, Pennsylvania, Tennessee.

What size grants does Daniel M Kerrane Jr Foundation award?

In 2024, Daniel M Kerrane Jr Foundation awarded 5 grants totaling $67K — an average of about $13K per grant, based on its IRS Form 990 filings.

How much is Daniel M Kerrane Jr Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Daniel M Kerrane Jr Foundation reported a distributable amount of $82K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Daniel M Kerrane Jr Foundation's EIN?

Daniel M Kerrane Jr Foundation's EIN (Employer Identification Number) is 26-0725242. IRS Form 990 filing data is available on this page for 2020–2024.