Dunard Fund USA Ltd
Dunard Fund USA Ltd is a private foundation based in Northbrook, Illinois. Its 2024 filing shows grants to organizations including performing-arts institutions, education-related organizations, and charitable organizations that facilitate cross-border giving.
Dunard Fund USA Ltd at a glance
In short: Dunard Fund USA Ltd gave $65.1M across 24 grants in 2024 (avg $2.7M), mostly in California. 33% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $65,122,000
- +466.1% vs 2023
- Grants made (2024)
- 24
- +20.0% vs 2023
- Average grant
- $2,713,417
- +371.8% vs 2023
- Median grant
- $147,300
- Total assets
- $231,781,666
- +42.6% vs 2023
- New grantees (estimate)
- 33% first-time grantees (8 of 24, 2024; small sample)
- Primary geography
- California (83% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Dunard Fund USA Ltd
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 555 Skokie Blvd Suite 555, Northbrook, IL 60062-2845
Phone: (847) 480-4690
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Dunard Fund USA Ltd funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Colburn School ($52.5M). Together the top 10 received $64.1M.
Grant Size Distribution
92 grants across all recorded years
The most common grant size was under $50K: 29 grants of 92 (32%).
Geographic Focus
Where this funder awards grants
In 2024, 83% of grant dollars went to recipients in California, 14% to recipients in New York, and 3% to recipients in Massachusetts. The filing also reports shares of 0% for the District of Columbia and Virginia.
Grant Distribution by State
Share of 2024 grant dollars across all 24 itemized grants.
States
Cities
Is Dunard Fund USA Ltd open to new grantees?
33%
first-time grantees, 2024
In 2024, 8 of 24 grantees (33%) were first-time recipients. With only 24 grantees, that is a small sample: one grantee more or less moves the share by about 4 points. First grants averaged $846K; repeat grants $3.6M. How we count
Medians: $165K first-time, $147K repeat.
- 58% of 2024 grantees were also funded in 2023. Method
- Giving grew 154% from 2021 to 2024. Method
- In 2024 it paid out 483% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $11.5M (2023) to $65.1M (2024). In 2024 it made 24 grants totaling $65.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Colburn School Los Angeles, CA | General Support | $52,500,000 |
| Myriad USA New York, NY | General Support | $2,760,000 |
| The King's Foundation America Inc Rochester, NY | General Support | $2,600,000 |
| Chapel & York Foundation Inc New York, NY | General Support | $1,750,400 |
| Los Angeles Opera Los Angeles, CA | General Support | $1,300,000 |
| The Crown Prince Fredrick Fund Boston, MA | General Support | $1,000,000 |
| The American Ireland Fund Boston, MA | General Support | $835,000 |
| Metropolitan Opera New York, NY | General Support | $650,000 |
| University of Dublin Fund New York, NY | General Support | $500,000 |
| American Friends of Les Arts Florrisants New York, NY | General Support | $250,000 |
Ready to take the next step with Dunard Fund USA Ltd?
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 | $231,781,666 | $135,006,531 | $65,747,222 | $65,122,000 | 24 | $65,148,459 | $10,398,801 | $13,474,531 |
| 2023 | $162,522,357 | $68,876,679 | $11,807,129 | $11,503,100 | 20 | $11,526,230 | $6,536,959 | $9,022,426 |
| 2022 | $105,447,835 | $70,889,532 | $49,738,319 | $49,496,000 | 18 | $11,963,613 | $800,337 | $5,482,927 |
| 2021 | $36,746,622 | $8,939,151 | $25,747,475 | $25,595,000 | 14 | $15,612,825 | $621,683 | $4,700,303 |
| 2020 | $53,348,181 | $29,849,920 | $12,106,335 | $11,960,177 | 16 | — | $542,855 | $2,868,892 |
Under IRS private-foundation payout rules, Dunard Fund USA Ltd reported a distributable amount of $13.5M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants include support for organizations with varied purposes. The Colburn School describes its mission as providing performance-centered education and fostering the joy and discipline of the performing arts. The New York Philharmonic says it aims to inspire engagement with orchestral music and expand access to symphonic music. The University of Dublin Fund says it supports the educational purposes of Trinity College. These are the grantees’ stated missions, not the foundation’s.
Grantmaking
In 2024, the foundation made 24 grants totaling $65,122,000. Grants ranged from $1,000 to $52,500,000, with a median grant of $147,300. The largest awards included $52,500,000 to the Colburn School, $2,760,000 to Myriad USA, $2,600,000 to The King’s Foundation America, $1,750,400 to Chapel & York Foundation, and $1,300,000 to Los Angeles Opera. The filing lists each of these grants as general support.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Carol Grigor as president, director, and treasurer; David Bradford as secretary; Andrea Mayes as assistant treasurer; Keith Colburn as assistant secretary; and Catherine Hogel and Forrest Colburn as directors.
Dunard Fund USA Ltd is led by Carol Grigor, President, Director & Treasurer on every filing since 2020; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Carol Grigor
President, Director & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Catherine Hogel
Director
On filings since 2020
1 hr/week
No compensation reported
Forrest Colburn
Director
On filings since 2020
1 hr/week
No compensation reported
Andrea Mayes
Assistant Treasurer
On filings since 2020
1 hr/week
No compensation reported
David Bradford
Secretary
On filings since 2020
1 hr/week
No compensation reported
Keith Colburn
Assistant Secretary
On filings since 2020
1 hr/week
No compensation reported
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 Dunard Fund USA Ltd
How much does Dunard Fund USA Ltd give each year?
Dunard Fund USA Ltd gave $65.1M across 24 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $11.5M across 20 grants.
What is Dunard Fund USA Ltd's typical grant size?
Dunard Fund USA Ltd's median grant in 2024 was $147,300, and its average grant was $2,713,417, across 24 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Dunard Fund USA Ltd that year got $846K on average.
Where does Dunard Fund USA Ltd give grants?
Dunard Fund USA Ltd gives mostly in California: 83% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New York (14%). The most frequent recipient cities were New York, NY (8 grants), Los Angeles, CA (4 grants) and Boston, MA (2 grants).
Does Dunard Fund USA Ltd give general operating support?
Yes: 100% of Dunard Fund USA Ltd's 2024 grants with a stated purpose (24 of 24) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Dunard Fund USA Ltd's largest grantees?
Dunard Fund USA Ltd's largest 2024 grantees include Colburn School ($52,500,000), Myriad USA ($2,760,000) and The King's Foundation America Inc ($2,600,000), according to its 2024 IRS Form 990-PF. Together they received 89% of its itemized 2024 grant dollars.
How large is Dunard Fund USA Ltd?
Dunard Fund USA Ltd reported $231.8M in total assets on its 2024 IRS Form 990-PF. It paid out $65.1M in qualifying distributions that year, against a required minimum of $13.5M (roughly 5% of its investment assets).
What does Dunard Fund USA Ltd fund?
No mission statement for the foundation is provided. Its 2024 grants include support for organizations with varied purposes. The Colburn School describes its mission as providing performance-centered education and fostering the joy and discipline of the performing arts. See mission & focus areas ↑
How do I apply for a grant from Dunard Fund USA Ltd?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Dunard Fund USA Ltd's EIN?
Dunard Fund USA Ltd's EIN (Employer Identification Number) is 98-0087034. IRS Form 990 filing data is available on this page for 2020–2024.
Does Dunard Fund USA Ltd accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
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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Cite this profile
Grantable. (2026). Dunard Fund USA Ltd funder profile. GrantGraph. Retrieved October 10, 2026, from https://grantable.co/funders/dunard-fund-usa-ltd-morg_01b234cfca484ddaab213994a7bf3a2c
BibTeX
@misc{grantable_980087034_2026,
author = {{Grantable}},
title = {{Dunard Fund USA Ltd funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/dunard-fund-usa-ltd-morg_01b234cfca484ddaab213994a7bf3a2c},
note = {Accessed 2026-10-10. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Dunard Fund USA Ltd's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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