Determan Balk Family Foundation
Determan Balk Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAKE FOREST, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 23 grants totaling $146K. Net investment income was $44K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.5M
-7.0% YoY
Annual Giving
$146K
+13.4% YoY
Grant Count
23
+15.0% YoY
Avg Grant Size
$6K
-1.4% YoY
Under IRS private-foundation payout rules, Determan Balk Family Foundation reported a distributable amount of $162K for 2024 — the minimum it must pay out in qualifying distributions.
About Determan Balk Family Foundation
Based on IRS filings
Determan Balk Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAKE FOREST, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 23 grants totaling $146K. Net investment income was $44K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,478,697 | $1,589,907 | $1,274,813 |
| Revenue | $44,813 | $448,792 | $530,149 |
| Expenses | $155,639 | $133,237 | $149,663 |
| Qualifying Distributions | $146,040 | $128,758 | $149,258 |
| Net Investment Income | $44,431 | $448,313 | $276,864 |
| Distributable Amount | $162,123 | $138,419 | $125,229 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
64 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Northwestern College of Arts & Sciences ($25,000), Gorton ($15,000), Columbia Law ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ADIRONDACK FOUNDATION GENEROUS ACT FUND LAKE PLACID, NY | UNRESTRICTED | $5,000 |
| ADIRONDACK FOUNDATION LAKE PLACID, NY | UNRESTRICTED | $5,000 |
| CAMPING & EDUCATION FOUNDATION CINCINNATI, OH | UNRESTRICTED | $5,000 |
| COLUMBIA LAW NEW YORK, NY | UNRESTRICTED | $10,000 |
| DEERPATH GARDEN CLUB OF LAKE FOREST LAKE FOREST, IL | UNRESTRICTED | $500 |
| FOUNDATION AT PCK PARKER, CO | UNRESTRICTED | $1,000 |
| GORTON LAKE FOREST, IL | UNRESTRICTED | $15,000 |
| LAKE FOREST WOMEN'S CLUB LAKE FOREST, IL | UNRESTRICTED | $500 |
| MANNA FOOD BANK MILLS RIVER, NC | UNRESTRICTED | $5,000 |
| MINNEAPOLIS INSITUTE OF ART MINNEAPOLIS, MN | UNRESTRICTED | $40 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NATHANIEL BALK | VICE PRESIDENT | 1 | — |
| THOMAS BALK | TREASURER | 1 | — |
| LANCE BALK | PRESIDENT | 1 | — |
| HENRY BALK | VICE PRESIDENT | 1 | — |
| MARGARET DETERMAN | SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Determan Balk Family Foundation?
Determan Balk Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAKE FOREST, IL. It holds $1.5M in total assets as of 2024.
How large is Determan Balk Family Foundation?
As of 2024, Determan Balk Family Foundation holds $1.5M in total assets with $45K in annual revenue. It awarded 23 grants totaling $146K in 2024.
Where does Determan Balk Family Foundation operate?
Determan Balk Family Foundation has awarded grants in Colorado, Georgia, Iowa, Illinois, Michigan, Minnesota, North Carolina, New York, Ohio, Tennessee, Virginia, Wisconsin.
What size grants does Determan Balk Family Foundation award?
In 2024, Determan Balk Family Foundation awarded 23 grants totaling $146K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Determan Balk Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Determan Balk Family Foundation reported a distributable amount of $162K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Determan Balk Family Foundation's EIN?
Determan Balk Family Foundation's EIN (Employer Identification Number) is 47-4148161. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Determan Balk Family 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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