Grant Thornton Foundation
The Grant Thornton Foundation is a private foundation based in Chicago, Illinois. Its 2024 grants supported charitable organizations and educational institutions, with reported purposes including general support, educational institutional support, and disaster relief.
Grant Thornton Foundation at a glance
In short: Grant Thornton Foundation gave $181K across 10 grants in 2024 (avg $18K), top state California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $181,301
- -57.8% vs 2023
- Grants made (2024)
- 10
- +0.0% vs 2023
- Average grant
- $18,130
- -57.8% vs 2023
- Median grant
- $19,060
- Total assets
- $223,570
- -32.2% vs 2023
- Primary geography
- California (46% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
How to apply to Grant Thornton Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests.
- Contact
Mailing address: 171 N Clark Street 200, Chicago, IL 60601
Phone: (312) 856-0200
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Grant Thornton Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was I Got This Foundation ($41K). Together the top 10 received $181K.
Grant Size Distribution
228 grants across all recorded years
The most common grant size was under $50K: 219 grants of 228 (96%).
Geographic Focus
Where this funder awards grants
The foundation is based in Chicago. Among its 2024 grant dollars, 46% went to recipients in California, 23% to Arizona, 14% to Florida, 8% to New York, and 6% to Texas.
Grant Distribution by State
Share of 2024 grant dollars across all 10 itemized grants.
States
Cities
How Grant Thornton Foundation gives
- Giving fell 35% from 2021 to 2024. Method
- In 2024 it paid out well above 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 2019 to 2024, annual grant giving ranged from $181K (2024) to $822K (2019). In 2024 it made 10 grants totaling $181K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| I Got This Foundation Glendale, AZ | General Support | $41,450 |
| Israaid Beverly Hills, CA | General Support | $29,205 |
| Alley-OOP Kids Atherton, CA | General Support | $27,745 |
| Palestine Childrens's Relief Fund (PCRF) Burbank, CA | General Support | $26,556 |
| MBC Travelers Saint Petersburg, FL | General Support | $25,320 |
| St John's University Jamaica, NY | Educational Institutional Support | $12,800 |
| University of North Texas Denton, TX | Educational Institutional Support | $10,000 |
| Disaster Relief Grant 1 Chicago, IL | Disaster Relief | $5,000 |
| University of Illinois Foundation Champaign, IL | Educational Institutional Support | $1,650 |
| Baruch College New York, NY | Educational Institutional Support | $1,575 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $223,570 | $219,516 | $175,516 | $181,301 | 10 | $185,516 | $11,151 |
| 2023 | $329,545 | $418,368 | $448,038 | $429,661 | 10 | $448,038 | $9,254 |
| 2022 | $359,215 | $154,557 | $491,675 | $479,165 | 15 | $491,675 | $22,626 |
| 2021 | $696,333 | $109,297 | $295,712 | $279,170 | 9 | — | $35,134 |
| 2020 | $888,753 | $1,526,002 | $780,191 | $763,638 | 184 | — | $17,335 |
| 2019 | $136,937 | $836,394 | $836,394 | $822,020 | 190 | — | $11,211 |
Under IRS private-foundation payout rules, Grant Thornton Foundation reported a distributable amount of $11K 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
The available information does not state a mission for the foundation. Its 2024 filings list grants for general support, educational institutional support, and disaster relief.
Among its grantees, I Got This Foundation says its mission is to promote golf instruction and playing opportunities for people with Down syndrome and other intellectual disabilities. MBC Travelers Inc says it empowers Stage 4 metastatic breast cancer patients across the United States through bucket-list travel. The University of Illinois Foundation says it encourages and administers private gifts and serves the University of Illinois System.
Grantmaking
In 2024, the foundation made 10 grants totaling $181,301. Grants ranged from $1,575 to $41,450, with a median of $19,060. The largest awards were $41,450 to I Got This Foundation, $29,205 to IsraAID, $27,745 to Alley-Oop Kids, $26,556 to Palestine Children’s Relief Fund, and $25,320 to MBC Travelers Inc; each was listed for general support. Other 2024 grants included educational institutional support for St. John’s University ($12,800), the University of North Texas ($10,000), the University of Illinois Foundation ($1,650), and Baruch College ($1,575), as well as $5,000 for disaster relief.
The foundation made 10 grants totaling $429,661 in 2023 and 15 grants totaling $479,165 in 2022.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Mike Monahan as director and chairman through May 2024; Rashada Whitehead, Seth Siegel, and Danilsa Lopez as directors; Muhammad Bhayat as director and treasurer as of December 2023; Kevin Zubor as director and treasurer through November 2023; Joe Donegan as non-director secretary; and Leena Patel as director as of May 2024.
Grant Thornton Foundation is led by Mike Monahan, Director & Chairman on every filing since 2023; none of the 8 officers listed in 2024 report compensation.
Officers on the 2024 filing
Mike Monahan
Director & Chairman
On filings since 2023
1 hr/week
No compensation reported
Kevin Zubor
Director & Treasurer
On filings since 2022
1 hr/week
No compensation reported
Rashada Whitehead
Director
On filings since 2022
1 hr/week
No compensation reported
Danilsa Lopez
Director
On filings since 2023
1 hr/week
No compensation reported
Muhammad Bhayat
Director & Treasurer
Director → Director & Treasurer, 2024
On filings since 2023
1 hr/week
No compensation reported
Seth Siegel
Director
On filings since 2023
1 hr/week
No compensation reported
Joe Donegan
Non-Director Secretary
New on the 2024 filing
1 hr/week
No compensation reported
Leena Patel
Director
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (9)
- Former: Neeta D'silva (2022–2023) — Non-Director Secretary
- Former: Janet Malzone (2019–2022) — Director to
- Former: Samuel W. Shaw (2019–2022) — Director to
- Former: Bradley J. Preber (2020–2022) — Director to
- Former: Michael Monahan (2020–2022) — Director & Chairman
- Former: Jim Peko (2022) — Director to
- Former: Neeta Daga (2019–2021) — Non-Director Secretary
- Former: Willis C. Moore III (2019–2021) — Director to
- Former: Brad Preber (2019) — Director
Data from IRS Form 990 filings, 2019–2024. "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 Grant Thornton Foundation
How much does Grant Thornton Foundation give each year?
Grant Thornton Foundation gave $181K across 10 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $430K across 10 grants.
What is Grant Thornton Foundation's typical grant size?
Grant Thornton Foundation's median grant in 2024 was $19,060, and its average grant was $18,130, across 10 grants on its 2024 IRS Form 990-PF.
Where does Grant Thornton Foundation give grants?
Grant Thornton Foundation's top state is California, with 46% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Arizona (23%) and Florida (14%).
Does Grant Thornton Foundation give general operating support?
Yes: 50% of Grant Thornton Foundation's 2024 grants with a stated purpose (5 of 10) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Educational Institutional Support" (4 grants).
Who are Grant Thornton Foundation's largest grantees?
Grant Thornton Foundation's largest 2024 grantees include I Got This Foundation ($41,450), Israaid ($29,205) and Alley-OOP Kids ($27,745), according to its 2024 IRS Form 990-PF. Together they received 54% of its itemized 2024 grant dollars.
How large is Grant Thornton Foundation?
Grant Thornton Foundation reported $224K in total assets on its 2024 IRS Form 990-PF. It paid out $186K in qualifying distributions that year, against a required minimum of $11K (roughly 5% of its investment assets).
What does Grant Thornton Foundation fund?
The available information does not state a mission for the foundation. Its 2024 filings list grants for general support, educational institutional support, and disaster relief. See mission & focus areas ↑
How do I apply for a grant from Grant Thornton Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Grant Thornton Foundation's EIN?
Grant Thornton Foundation's EIN (Employer Identification Number) is 30-0438415. IRS Form 990 filing data is available on this page for 2019–2024.
Does Grant Thornton Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS June 12, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 2, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 31, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 7, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS June 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 26, 2026)
- IRS filings on file for fiscal years 2019–2024
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Cite this profile
Grantable. (2026). Grant Thornton Foundation funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/grant-thornton-foundation-morg_5e9d89b101444f57973a2f27caa122c1
BibTeX
@misc{grantable_300438415_2026,
author = {{Grantable}},
title = {{Grant Thornton Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/grant-thornton-foundation-morg_5e9d89b101444f57973a2f27caa122c1},
note = {Accessed 2026-10-12. 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 Grant Thornton 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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