Fredric G & Mary L Novy Charitable
Fredric G & Mary L Novy Charitable is a private foundation focused on Housing & Shelter, based in Chicago, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $68K in total assets. In 2025, it awarded 4 grants totaling $13K. Net investment income was $5K.
Fredric G & Mary L Novy Charitable at a glance
In short: Fredric G & Mary L Novy Charitable gave $13K across 4 grants in 2025 (avg $3K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $12,569
- -16.2% vs 2024
- Grants made (2025)
- 4
- +0.0% vs 2024
- Average grant
- $3,142
- -16.2% vs 2024
- Median grant
- $3,063
- Total assets
- $67,837
- -14.3% vs 2024
- Primary geography
- Illinois (92% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Fredric G & Mary L Novy Charitable funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Misericordia Foundation ($5K). Together the top 4 received $13K.
Grant Size Distribution
24 grants across all recorded years
The most common grant size was under $50K: 24 grants of 24 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How Fredric G & Mary L Novy Charitable gives
- Giving fell 56% from 2022 to 2025. Method
- In 2025 it paid out 371% 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 $11K (2023) to $32K (2021). In 2025 it made 4 grants totaling $13K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Misericordia Foundation Chicago, IL | To Further Their Exempt Purpose | $5,444 |
| Danny Did Foundation Chicago, IL | To Further Their Exempt Purpose | $3,625 |
| Daniel Murphy Scholarship Fund Chicago, IL | To Further Their Exempt Purpose | $2,500 |
| Bobby Nichols Fiddlesticks Charity Foundation Fort Myers, FL | To Further Their Exempt Purpose | $1,000 |
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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 | $67,837 | $8,734 | $18,590 | $12,569 | 4 | $15,353 | $5,497 | $4,142 |
| 2024 | $79,193 | $5,512 | $27,148 | $15,000 | 4 | $20,310 | — | $5,099 |
| 2023 | $100,829 | $5,873 | $16,502 | $11,012 | 4 | $13,814 | $3,185 | $5,703 |
| 2022 | $111,458 | $8,713 | $35,516 | $28,400 | 5 | $29,079 | $2,276 | $8,183 |
| 2021 | $138,261 | $25,651 | $42,775 | $32,488 | 7 | $35,919 | $18,849 | $13,412 |
| 2020 | $155,385 | $109,748 | $38,436 | $30,000 | 6 | — | $3,616 | $9,158 |
Under IRS private-foundation payout rules, Fredric G & Mary L Novy Charitable reported a distributable amount of $4K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Fredric G & Mary L Novy Charitable is led by James B. Novy, President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
James B. Novy
President
On filings since 2020
1 hr/week
No compensation reported
Jennifer A. Novy
Director
On filings since 2020
1 hr/week
No compensation reported
Christopher M. Novy
Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
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.
Frequently asked questions about Fredric G & Mary L Novy Charitable
How much does Fredric G & Mary L Novy Charitable give each year?
Fredric G & Mary L Novy Charitable gave $13K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $15K across 4 grants.
What is Fredric G & Mary L Novy Charitable's typical grant size?
Fredric G & Mary L Novy Charitable's median grant in 2025 was $3,063, and its average grant was $3,142, across 4 grants on its 2025 IRS Form 990-PF.
Where does Fredric G & Mary L Novy Charitable give grants?
Fredric G & Mary L Novy Charitable gives mostly in Illinois: 92% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Florida (8%). The most frequent recipient cities were Chicago, IL (3 grants).
How large is Fredric G & Mary L Novy Charitable?
Fredric G & Mary L Novy Charitable reported $68K in total assets on its 2025 IRS Form 990-PF. It paid out $15K in qualifying distributions that year, against a required minimum of $4K (roughly 5% of its investment assets).
What is Fredric G & Mary L Novy Charitable?
Fredric G & Mary L Novy Charitable is a private foundation focused on Housing & Shelter, based in Chicago, IL. It holds $68K in total assets as of 2025.
What is Fredric G & Mary L Novy Charitable's EIN?
Fredric G & Mary L Novy Charitable's EIN (Employer Identification Number) is 36-3925716. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 28, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 6, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 19, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2020–2024
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