FAB 5 Foundation
FAB 5 Foundation is a private foundation focused on Recreation & Sports, based in Glencoe, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $2K in total assets. In 2025, it awarded 3 grants totaling $16K.
FAB 5 Foundation at a glance
In short: FAB 5 Foundation gave $16K across 3 grants in 2025 (avg $5K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $16,322
- -69.5% vs 2024
- Grants made (2025)
- 3
- -62.5% vs 2024
- Average grant
- $5,441
- -18.6% vs 2024
- Median grant
- $5,000
- Total assets
- $2,128
- -88.9% vs 2024
- Primary geography
- Illinois (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who FAB 5 Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Israel Sports Center for the Disabled- Iscd ($7K). Together the top 3 received $16K.
Grant Size Distribution
62 grants across all recorded years
The most common grant size was under $50K: 61 grants of 62 (98%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How FAB 5 Foundation gives
- Giving fell 91% from 2022 to 2025. Method
- In 2025 it paid out well above 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 2025, annual grant giving ranged from $16K (2025) to $177K (2023). In 2025 it made 3 grants totaling $16K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Israel Sports Center for the Disabled- Iscd Northfield, IL | General Funding | $7,000 |
| JCFS Chicago Chicago, IL | General Funding | $5,000 |
| Moran Center for Youth Advocacy Evanston, IL | General Funding | $4,322 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,128 | $181 | $17,309 | $16,322 | 3 | $16,322 | — | $406 |
| 2024 | $19,256 | $12,391 | $54,863 | $53,500 | 8 | $53,500 | $11,430 | $2,351 |
| 2023 | $61,728 | $68,951 | $184,053 | $177,250 | 18 | $179,300 | $65,640 | $6,609 |
| 2022 | $176,830 | $60,708 | $182,712 | $171,940 | 18 | $171,940 | $60,708 | $14,855 |
| 2021 | $298,834 | $67,632 | $145,541 | $141,600 | 15 | $141,600 | $67,632 | $24,031 |
| 2020 | $376,743 | $38,362 | $119,216 | $109,500 | 14 | — | $12,800 | $23,855 |
Under IRS private-foundation payout rules, FAB 5 Foundation reported a distributable amount of $406 for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
FAB 5 Foundation is led by Jon Michelon, President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Jon Michelon
President
On filings since 2020
0.5 hrs/week
No compensation reported
Alex Michelon
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Stacey Michelon
Vice President
On filings since 2020
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 FAB 5 Foundation
How much does FAB 5 Foundation give each year?
FAB 5 Foundation gave $16K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $54K across 8 grants.
What is FAB 5 Foundation's typical grant size?
FAB 5 Foundation's median grant in 2025 was $5,000, and its average grant was $5,441, across 3 grants on its 2025 IRS Form 990-PF.
Where does FAB 5 Foundation give grants?
FAB 5 Foundation gives mostly in Illinois: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does FAB 5 Foundation give general operating support?
Yes: 100% of FAB 5 Foundation's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is FAB 5 Foundation?
FAB 5 Foundation reported $2K in total assets on its 2025 IRS Form 990-PF. It paid out $16K in qualifying distributions that year, against a required minimum of $406 (roughly 5% of its investment assets).
What is FAB 5 Foundation?
FAB 5 Foundation is a private foundation focused on Recreation & Sports, based in Glencoe, IL. It holds $2K in total assets as of 2025.
What is FAB 5 Foundation's EIN?
FAB 5 Foundation's EIN (Employer Identification Number) is 47-2545162. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS July 29, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 11, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS September 17, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 4, 2026)
- IRS filings on file for fiscal years 2020–2024
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