Frank L Oakes Foundation XXXXX2001
The Frank L Oakes Foundation XXXXX2001 is a private foundation based in Chicago, Illinois. Its 2025 filing reports scholarship grants to individuals; its 2024 filing states that awards are restricted to graduates of Marion County, Indiana, high schools who are proceeding to college or other post-high-school education.
Frank L Oakes Foundation XXXXX2001 at a glance
In short: Frank L Oakes Foundation XXXXX2001 gave $24K across 16 grants in 2025 (avg $2K), mostly in Indiana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $24,136
- +9.0% vs 2024
- Grants made (2025)
- 16
- +6.7% vs 2024
- Average grant
- $1,509
- +2.2% vs 2024
- Median grant
- $1,811
- Total assets
- $312,488
- -0.8% vs 2024
- Primary geography
- Indiana (77% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Frank L Oakes Foundation XXXXX2001
- How to Apply
-
The 2024 filing directs applicants to use the online grants form and materials provided by JP Morgan Chase Bank N.A. It states that giving is not restricted to preselected organizations and that awards are restricted to graduates of Marion County, Indiana, high schools proceeding to college or post-high-school education.
- Review Cycle
- April 30 each year, according to the 2024 filing. The April 30, 2026 deadline has passed.
- Deadline
- April 30 each year, according to the 2024 filing.
- Contact
Application contact: Jp Morgan Chase Bank N A
Mailing address: 10 S Dearborn Il1-0111, Chicago, IL 60603
Phone: (800) 496-2583
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Frank L Oakes Foundation XXXXX2001 funds
How this funder distributes its grants
Grant Size Distribution
88 grants across all recorded years
The most common grant size was under $50K: 88 grants of 88 (100%).
Geographic Focus
Where this funder awards grants
The 2025 filing’s grant dollars went to recipients in Indiana (77%), Kentucky (8%), Missouri (8%), Ohio (4%), and Georgia (4%). The 2024 filing’s stated award restriction refers to graduates of Marion County, Indiana, high schools.
Grant Distribution by State
Share of 2025 grant dollars across all 16 itemized grants.
Cities
How Frank L Oakes Foundation XXXXX2001 gives
- Giving grew 48% from 2022 to 2025. Method
- In 2025 it paid out 116% of 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 $15K (2020) to $24K (2025). In 2025 it made 16 grants totaling $24K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 16 individual scholarships Recipients not named | — | $24,136 |
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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 | $312,488 | $26,832 | $32,584 | $24,136 | 16 | $27,215 | $21,494 | $23,468 |
| 2024 | $314,937 | $12,897 | $30,234 | $22,150 | 15 | $25,003 | $6,807 | $25,956 |
| 2023 | $326,303 | $16,487 | $25,703 | $17,848 | 18 | $20,604 | $11,489 | $24,898 |
| 2022 | $328,847 | $20,738 | $25,474 | $16,330 | 19 | $19,500 | $15,058 | $22,587 |
| 2021 | $331,769 | $28,194 | $26,712 | $18,268 | 20 | — | $22,820 | $19,533 |
| 2020 | $327,904 | $22,274 | $22,952 | $15,208 | 16 | — | $17,218 | $18,411 |
Under IRS private-foundation payout rules, Frank L Oakes Foundation XXXXX2001 reported a distributable amount of $23K for 2025 — 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 is provided. The 2025 grants listed are for scholarships, and the 2024 filing describes the award restriction as graduates of Marion County, Indiana, high schools proceeding to college or post-high-school education.
Grantmaking
In filing year 2025, the foundation gave $24,136 through 16 grants. Grants ranged from $1,000 to $1,811, with a median of $1,811. The listed awards include $1,811 each to four individual recipients; an individual recipient; an individual recipient; and an individual recipient. Each is identified as a scholarship.
Leadership & Key People
Officers and directors from IRS filings
Frank L Oakes Foundation XXXXX2001's only listed officer is JP Morgan Chase Bank NA, Trustee on filings since 2020 (compensated).
Officers on the 2025 filing
JP Morgan Chase Bank NA
Trustee
On filings since 2020
2 hrs/week
$7K (2020) → $8K (2025)
Former officers (1)
- Former: JP Morgan Chase Bank N A (2021) — Trustee
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $8K, to JP Morgan Chase Bank NA (Trustee).
Frequently asked questions about Frank L Oakes Foundation XXXXX2001
How much does Frank L Oakes Foundation XXXXX2001 give each year?
Frank L Oakes Foundation XXXXX2001 gave $24K across 16 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $22K across 15 grants.
What is Frank L Oakes Foundation XXXXX2001's typical grant size?
Frank L Oakes Foundation XXXXX2001's median grant in 2025 was $1,811, and its average grant was $1,509, across 16 grants on its 2025 IRS Form 990-PF.
Where does Frank L Oakes Foundation XXXXX2001 give grants?
Frank L Oakes Foundation XXXXX2001 gives mostly in Indiana: 77% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Kentucky (8%) and Missouri (8%).
Does Frank L Oakes Foundation XXXXX2001 give general operating support?
Not in 2025: none of the 16 grants with a stated purpose on Frank L Oakes Foundation XXXXX2001's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (16 grants).
How large is Frank L Oakes Foundation XXXXX2001?
Frank L Oakes Foundation XXXXX2001 reported $312K in total assets on its 2025 IRS Form 990-PF. It paid out $27K in qualifying distributions that year, against a required minimum of $23K (roughly 5% of its investment assets).
What does Frank L Oakes Foundation XXXXX2001 fund?
No mission statement is provided. The 2025 grants listed are for scholarships, and the 2024 filing describes the award restriction as graduates of Marion County, Indiana, high schools proceeding to college or post-high-school education. See mission & focus areas ↑
How do I apply for a grant from Frank L Oakes Foundation XXXXX2001?
The 2024 filing directs applicants to use the online grants form and materials provided by JP Morgan Chase Bank N.A. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Frank L Oakes Foundation XXXXX2001's EIN?
Frank L Oakes Foundation XXXXX2001's EIN (Employer Identification Number) is 35-6015133. IRS Form 990 filing data is available on this page for 2020–2025.
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 September 8, 2020)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS October 6, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 7, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS September 7, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 6, 2025)
- IRS filings on file for fiscal years 2020–2025
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