Farley Family Charitable Foundation

CHICAGO, IL EIN: 45-5492483

The Farley Family Charitable Foundation is a private family foundation established in September 2012 and based in Chicago, Illinois. The foundation was created to continue the philanthropic legacy of James N. and Nancy J. Farley. It operates as a 501(c)(3) organization with no employees and is managed by a board of trustees comprising both family members and independent trustees.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

Annual Giving

$2.3M

-40.8% YoY

Grant Count

19

+5.6% YoY

Avg Grant Size

$123K

-43.9% YoY

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation focuses on three primary areas:

  • Arts and Culture — including cultural preservation and heritage organizations
  • Education — supporting educational institutions and programs
  • Health — funding healthcare and health-related initiatives

According to Stuart Farley, a family trustee, "My parents wanted their children to have the opportunity to experience the pleasure and good feeling that comes from supporting the community."

Grantmaking

The foundation does not accept unsolicited applications. Grants are awarded through trustee selection rather than formal application programs. The foundation does not maintain a public-facing website or application portal.

Grant Range

$3,000 to $2,000,000

Average Grant

$218,639

How to Apply

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Geographic Focus

Where this funder awards grants

The foundation has strong ties to multiple communities across six states:

  • Arizona (including Scottsdale and Fountain Hills)
  • California (including Santa Rosa)
  • Illinois (including Chicago and Hoffman Estates)
  • Ohio (including Cincinnati)
  • Vermont (including Windsor)
  • Wisconsin

Grant Distribution by State

8states

Cities

CHICAGOCINCINNATICOTAIEAGLE RIVEREDINAEVANSTONFOUNTAIN HILLSGLEN ELLENHOFFMAN ESTATESHOMEWOODMILL VALLEYOMAHASAN RAFAELSANTA ROSASCOTTSDALESOUTH BARRINGTONSTINSON BEACHSTOCKTONWINDSOR

Financial History

Multi-year comparison from IRS filings

Assets & Giving (2024):

  • Total assets: $33.9 million to $37.7 million
  • Total expenses: $2.9 million to $4.5 million
  • Total revenues: -$741,252 (2024)
  • Total liabilities: $0

Historical Trend:

  • 2023: $40.8 million in assets; $5.7 million in total giving
  • 2022: $44.2 million in assets; $2.2 million in total giving
  • 2021: $44.7 million in assets; $1.7 million in total giving
  • 2020: $45.7 million in assets; $1.4 million in total giving
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$0.275$0.55$0.8250000000000001$1.1201920202021202220232024
Metric202420232022
Total Assets
Revenue
Expenses
Qualifying Distributions
Net Investment Income
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$1M$3M$4M$6M18 grants201913 grants202014 grants202117 grants202218 grants202319 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

HOLY TRINITY HIGH SCHOOL$525KSPARKSHOP$415KAUDUBON CANYON RANCH$345KAMERICAN PRECISION MUSEUM$285KANOVA EDUCATION$205KCATHOLIC CHARITIES OF SA…$160KFELLOWSHIP HOUSING CORPO…$148KLUTHER BURBANK MEMORIAL …$85KSCOTTSDALE UNIFIED SCHOO…$83KNORTHWESTERN UNIVERISTY$30K

Grant Size Distribution

81 grants across all recorded years

40<$50K9$50–100K13$100–250K13$250–500K4$500K–1M2$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Leadership team and compensation from IRS filings

Trustees:

  • Rebecca Wallenfelsz — Independent Trustee
  • Barbara Jean Carre — Family Trustee
  • James C. Farley — Family Trustee
  • Sarah F. Huskey — Family Trustee
  • Stuart M. Farley — Family Trustee
  • Timothy P. Farley — Family Trustee
  • David A. Lullo — Independent Trustee

Compensation Overview

From 2024 IRS filing

REBECCA WALLENFELZ C…INDEPENDENT TRUSTEE$156KSARAH F HUSKEYFAMILY TRUSTEE$30KTIMOTHY P FARLEYFAMILY TRUSTEE$30KJAMES C FARLEYFAMILY TRUSTEE$30KBARBARA JEAN CARREFAMILY TRUSTEE$30KSTUART M FARLEYFAMILY TRUSTEE$30K

From 2024 filing

NameTitleHoursCompensation
REBECCA WALLENFELZ CHAPMAN CUTLERINDEPENDENT TRUSTEE2.5$156,160
SARAH F HUSKEYFAMILY TRUSTEE0.5$30,000
TIMOTHY P FARLEYFAMILY TRUSTEE0.5$30,000
JAMES C FARLEYFAMILY TRUSTEE0.5$30,000
BARBARA JEAN CARREFAMILY TRUSTEE0.5$30,000
STUART M FARLEYFAMILY TRUSTEE0.5$30,000

Contact Information

Mailing Address: C/O Chapman and Cutler LLP P.O. Box 2593 Chicago, IL 60690-2593

Subject Areas

Focus areas based on grantmaking activity

Related Funders

Similar funders by location and focus area

Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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