Fairfield Business & Professional is a private foundation focused on Education, based in FAIRFIELD, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $304K in total assets. In 2024, it awarded 8 grants totaling $16K. Net investment income was $14K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$304K
-2.7% YoY
Annual Giving
$16K
+166.7% YoY
Grant Count
8
+166.7% YoY
Avg Grant Size
$2K
+0.0% YoY
Under IRS private-foundation payout rules, Fairfield Business & Professional reported a distributable amount of $18K for 2024 — the minimum it must pay out in qualifying distributions.
About Fairfield Business & Professional
Based on IRS filings
Fairfield Business & Professional is a private foundation focused on Education, based in FAIRFIELD, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $304K in total assets. In 2024, it awarded 8 grants totaling $16K. Net investment income was $14K.
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 | $304,307 | $312,758 | $312,200 |
| Revenue | $15,588 | $14,105 | $9,533 |
| Expenses | $24,039 | $13,547 | $17,167 |
| Qualifying Distributions | $20,784 | $10,650 | $14,072 |
| Net Investment Income | $14,365 | $12,992 | $8,429 |
| Distributable Amount | $18,443 | $16,718 | $16,748 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
27 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Baylee Biggs ($2,000), Cecila Choate ($2,000), Lainie Clark ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BAYLEE BIGGS BARNHILL, IL | EDUCATION SCHOLARSHIP | $2,000 |
| CECILA CHOATE WAYNE CITY, IL | EDUCATION SCHOLARSHIP | $2,000 |
| LAINIE CLARK FAIRFIELD, IL | EDUCATION SCHOLARSHIP | $2,000 |
| LILY SIMPSON BARNHILL, IL | EDUCATION SCHOLARSHIP | $2,000 |
| ABRA SLOVER CISNE, IL | EDUCATION SCHOLARSHIP | $2,000 |
| KALEN WILLIAMS FAIRFIELD, IL | EDUCATION SCHOLARSHIP | $2,000 |
| REBECCA YOUNG WAYNE CITY, IL | EDUCATION SCHOLARSHIP | $2,000 |
| RIATA WILLIAMS XENIA, IL | EDUCATION SCHOLARSHIP | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FAIRFIELD NATIONAL BANK | TRUSTEE | 10 | $3,810 |
| THEA GAIN | SCHOLARSHIP COMMITTEE | 0.5 | $1,000 |
| SANDY GOLDMAN | SCHOLARSHIP COMMITTEE | 0.5 | $1,000 |
| JANE HUFFMAN | SCHOLARSHIP COMMITTEE | 0.5 | $1,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Fairfield Business & Professional?
Fairfield Business & Professional is a private foundation focused on Education, based in FAIRFIELD, IL. It holds $304K in total assets as of 2024.
How large is Fairfield Business & Professional?
As of 2024, Fairfield Business & Professional holds $304K in total assets with $16K in annual revenue. It awarded 8 grants totaling $16K in 2024.
Where does Fairfield Business & Professional operate?
Fairfield Business & Professional has awarded grants in Illinois.
What size grants does Fairfield Business & Professional award?
In 2024, Fairfield Business & Professional awarded 8 grants totaling $16K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Fairfield Business & Professional required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Fairfield Business & Professional reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Fairfield Business & Professional's EIN?
Fairfield Business & Professional's EIN (Employer Identification Number) is 20-4870780. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Fairfield Business & Professional's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.