De Sole Family Foundation
De Sole Family Foundation is a private foundation, based in Chicago, IL. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $41.2M in total assets. In 2024, it awarded 8 grants totaling $160K. Net investment income was $9.0M.
De Sole Family Foundation at a glance
In short: De Sole Family Foundation gave $160K across 8 grants in 2024 (avg $20K), top state Colorado. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $160,000
- Grants made (2024)
- 8
- Average grant
- $20,000
- Median grant
- $7,500
- Total assets
- $41,161,309
- +27.0% vs 2023
- Primary geography
- Colorado (31% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who De Sole Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was Aspen Art Museum ($50K). Together the top 8 received $160K.
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 6 grants of 8 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
Cities
How De Sole Family Foundation gives
- In 2024 it paid out 12% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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
In 2024 it made 8 grants totaling $160K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Aspen Art Museum Aspen, CO | Payment 1 of 3, Air | $50,000 |
| Mitchelville Historic Park Hilton Head Island, SC | Payment 1 of 3 for | $50,000 |
| The Madeira School McLean, VA | General Support | $30,000 |
| Memorial Sloan-Kettering New York, NY | General Support | $10,000 |
| Washington Market School New York, NY | General Support | $5,000 |
| Hudson River Park Friends New York, NY | General Support | $5,000 |
| St Lukes School New York, NY | General Support | $5,000 |
| Woodstock Byrdcliffe Guild Woostock, NY | General Support | $5,000 |
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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 | $41,161,309 | $9,003,644 | $275,683 | $160,000 | 8 | $228,919 | $8,964,448 | $1,856,461 |
| 2023 | $32,408,598 | $37,580,070 | $25,839 | — | — | — | $81,181 | $224,448 |
Under IRS private-foundation payout rules, De Sole Family Foundation reported a distributable amount of $1.9M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
De Sole Family Foundation is led by Laura De Sole, President on every filing since 2023; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Laura De Sole
President
On filings since 2023
40 hrs/week
No compensation reported
Domenico De Sole
Director
On filings since 2023
4 hrs/week
No compensation reported
Eleanore L. De Sole
Director & Secretary
On filings since 2023
5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2023–2024. "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 De Sole Family Foundation
How much does De Sole Family Foundation give each year?
De Sole Family Foundation gave $160K across 8 grants in 2024, according to its 2024 IRS Form 990-PF.
What is De Sole Family Foundation's typical grant size?
De Sole Family Foundation's median grant in 2024 was $7,500, and its average grant was $20,000, across 8 grants on its 2024 IRS Form 990-PF.
Where does De Sole Family Foundation give grants?
De Sole Family Foundation's top state is Colorado, with 31% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were South Carolina (31%) and New York (19%). The most frequent recipient cities were New York, NY (4 grants).
Does De Sole Family Foundation give general operating support?
Yes: 75% of De Sole Family Foundation's 2024 grants with a stated purpose (6 of 8) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are De Sole Family Foundation's largest grantees?
De Sole Family Foundation's largest 2024 grantees include Aspen Art Museum ($50,000), Mitchelville Historic Park ($50,000) and The Madeira School ($30,000), according to its 2024 IRS Form 990-PF. Together they received 81% of its itemized 2024 grant dollars.
How large is De Sole Family Foundation?
De Sole Family Foundation reported $41.2M in total assets on its 2024 IRS Form 990-PF. It paid out $229K in qualifying distributions that year, against a required minimum of $1.9M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is De Sole Family Foundation's EIN?
De Sole Family Foundation's EIN (Employer Identification Number) is 93-2614371. IRS Form 990 filing data is available on this page for 2023–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 1, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 20, 2026)
- IRS filings on file for fiscal years 2023–2024
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Browse active grant opportunities in De Sole Family Foundation's focus areas in our free grants database
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