Finnegan Family Foundation
The Finnegan Family Foundation is a private foundation based in Chicago, Illinois. Its 2024 grants support organizations working in education, youth opportunity, and community health, with most grant dollars going to recipients in Illinois.
Finnegan Family Foundation at a glance
In short: Finnegan Family Foundation gave $4.3M across 100 grants in 2024 (avg $43K), mostly in Illinois. 3% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $4,259,995
- +4.1% vs 2023
- Grants made (2024)
- 100
- +2.0% vs 2023
- Average grant
- $42,600
- +2.0% vs 2023
- Median grant
- $27,500
- Total assets
- $42,329,722
- +1.7% vs 2023
- New grantees (estimate)
- 3% first-time grantees (3 of 99, 2024)
- Primary geography
- Illinois (82% 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 Finnegan Family Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations.
- Contact
Mailing address: 33 N Dearborn 2230, Chicago, IL 60602
Phone: (312) 346-6000
Website: https://finneganfamilyfdn.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Finnegan Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was A Better Chicago ($200K). Together the top 10 received $1.2M.
Grant Size Distribution
493 grants across all recorded years
The most common grant size was under $50K: 339 grants of 493 (69%).
Geographic Focus
Where this funder awards grants
In 2024, 82% of grant dollars went to recipients in Illinois. Other recipient states and jurisdictions included New York (5%), Minnesota (4%), the District of Columbia (3%), and Massachusetts (2%).
Grant Distribution by State
Share of 2024 grant dollars across all 100 itemized grants.
States
Cities
Is Finnegan Family Foundation open to new grantees?
3%
first-time grantees, 2024
In 2024, 3 of 99 grantees (3%) were first-time recipients. First grants averaged $50K; repeat grants $43K. How we count
Medians: $30K first-time, $28K repeat.
- 96% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+11%). Method
- In 2024 it paid out 120% 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 $3.5M (2020) to $4.3M (2024). In 2024 it made 100 grants totaling $4.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| A Better Chicago Chicago, IL | $100k to general operations and $100k to catalyst fund | $200,000 |
| Northshore University Healthsystem Evanston, IL | Aspire community healthcare workforce development program, in partnership with the city of evanston | $200,000 |
| Noble Network of Charter Schools Chicago, IL | Noble charter schools $100,000; summer of a lifetime: $5,000 | $105,000 |
| Academy for Urban School Leadership Chicago, IL | Unrestricted | $100,000 |
| Bottom Line Chicago, IL | Chicago Program | $100,000 |
| Chicago Public Education Fund Chicago, IL | Unrestricted | $100,000 |
| City Year Chicago, IL | Chicago Program | $100,000 |
| College Possible Saint Paul, MN | Chicago Program | $100,000 |
| Hope Chicago Chicago, IL | Unrestricted | $100,000 |
| Imentor Chicago Chicago, IL | Unrestricted | $100,000 |
Ready to take the next step with Finnegan Family Foundation?
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 | $42,329,722 | $5,689,571 | $5,011,081 | $4,259,995 | 100 | $4,478,595 | $3,690,833 | $3,747,738 |
| 2023 | $41,608,926 | $3,779,829 | $4,735,929 | $4,094,154 | 98 | $4,315,576 | $3,197,975 | $3,419,243 |
| 2022 | $42,565,125 | $1,805,831 | $4,715,094 | $4,025,966 | 97 | $4,233,964 | $1,317,796 | $3,525,045 |
| 2021 | $45,474,814 | $6,230,540 | $4,502,481 | $3,826,839 | 103 | $4,028,133 | $5,466,081 | $3,736,076 |
| 2020 | $43,743,385 | $2,266,853 | $4,192,370 | $3,485,866 | 95 | — | $1,593,016 | $3,223,363 |
Under IRS private-foundation payout rules, Finnegan Family Foundation reported a distributable amount of $3.7M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants include support for education and youth organizations, as well as a community healthcare workforce development program. The grantees describe their own work in these areas: A Better Chicago says it invests in ideas that create opportunities for Chicago youth; Noble Network of Charter Schools says it works toward equitable, positive school experiences that prepare students for college and choice-filled lives; and the Academy for Urban School Leadership says it recruits, trains, and supports teachers in underserved communities. NorthShore University HealthSystem received funding for a community healthcare workforce development program.
Grantmaking
In 2024, the foundation made 100 grants totaling $4,259,995. Grants ranged from $1,000 to $200,000, with a median of $27,500. Notable awards included $200,000 to A Better Chicago for general operations and its Catalyst Fund, and $200,000 to NorthShore University HealthSystem for a community healthcare workforce development program in partnership with the City of Evanston. Other awards included $105,000 to Noble Network of Charter Schools and $100,000 each to the Academy for Urban School Leadership, Bottom Line, Chicago Public Education Fund, City Year, College Possible, Hope Chicago, iMentor Chicago, KIPP Chicago Schools, and LEAP Innovations.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Albert Ward McCally III as chairman, Mary Finnegan as secretary/director, Paul J Finnegan as treasurer/director, and Katherine F Leventhal as president.
Finnegan Family Foundation is led by Katherine F. Leventhal, President on every filing since 2023; 2 of 4 officers listed in 2024 are compensated.
Officers on the 2024 filing
Katherine F. Leventhal
President
On filings since 2023
40 hrs/week
$160K (2023) → $170K (2024)
Albert Ward McCally III
Chairman
President & Director → Chairman, 2021
On filings since 2020
8 hrs/week
$110K (2020) → $30K (2024)
Mary Finnegan
Secretary & Director
On filings since 2020
No compensation reported
Paul J. Finnegan
Treasurer & Director
Chairman, Treasurer & Director → Treasurer & Director, 2021
On filings since 2020
No compensation reported
Former officers (1)
- Former: Katherine M. Finnegan (2020–2022) — President
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $170K, to Katherine F Leventhal (President). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Finnegan Family Foundation
How much does Finnegan Family Foundation give each year?
Finnegan Family Foundation gave $4.3M across 100 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $4.1M across 98 grants.
What is Finnegan Family Foundation's typical grant size?
Finnegan Family Foundation's median grant in 2024 was $27,500, and its average grant was $42,600, across 100 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Finnegan Family Foundation that year got $50K on average.
Where does Finnegan Family Foundation give grants?
Finnegan Family Foundation gives mostly in Illinois: 82% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New York (5%). The most frequent recipient cities were Chicago, IL (60 grants), Evanston, IL (22 grants), New York, NY (4 grants) and Boston, MA (3 grants).
Does Finnegan Family Foundation give general operating support?
Yes: 51% of Finnegan Family Foundation's 2024 grants with a stated purpose (51 of 100) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Chicago Program" (26 grants).
Who are Finnegan Family Foundation's largest grantees?
Finnegan Family Foundation's largest 2024 grantees include A Better Chicago ($200,000), Northshore University Healthsystem ($200,000) and Noble Network of Charter Schools ($105,000), according to its 2024 IRS Form 990-PF. Together they received 12% of its itemized 2024 grant dollars.
How large is Finnegan Family Foundation?
Finnegan Family Foundation reported $42.3M in total assets on its 2024 IRS Form 990-PF. It paid out $4.5M in qualifying distributions that year, against a required minimum of $3.7M (roughly 5% of its investment assets).
What does Finnegan Family Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants include support for education and youth organizations, as well as a community healthcare workforce development program. See mission & focus areas ↑
How do I apply for a grant from Finnegan Family Foundation?
The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Finnegan Family Foundation's EIN?
Finnegan Family Foundation's EIN (Employer Identification Number) is 36-4221334. IRS Form 990 filing data is available on this page for 2020–2024.
Does Finnegan Family Foundation 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 September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 12, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 11, 2025)
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Finnegan Family Foundation funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/finnegan-family-foundation-morg_4df024c8dfd34eb5a25dfa674c70b8e3
BibTeX
@misc{grantable_364221334_2026,
author = {{Grantable}},
title = {{Finnegan Family Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/finnegan-family-foundation-morg_4df024c8dfd34eb5a25dfa674c70b8e3},
note = {Accessed 2026-10-11. 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 Finnegan Family Foundation'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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