Farley Family Charitable Foundation
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
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
Cities
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
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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
81 grants across all recorded years
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
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| REBECCA WALLENFELZ CHAPMAN CUTLER | INDEPENDENT TRUSTEE | 2.5 | $156,160 |
| SARAH F HUSKEY | FAMILY TRUSTEE | 0.5 | $30,000 |
| TIMOTHY P FARLEY | FAMILY TRUSTEE | 0.5 | $30,000 |
| JAMES C FARLEY | FAMILY TRUSTEE | 0.5 | $30,000 |
| BARBARA JEAN CARRE | FAMILY TRUSTEE | 0.5 | $30,000 |
| STUART M FARLEY | FAMILY TRUSTEE | 0.5 | $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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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