Ignite the Way is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PARK RIDGE, IL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $27K in total assets. In 2024, it awarded 1 grants totaling $17K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$27K
+163.0% YoY
Annual Giving
$17K
-2.5% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$17K
-2.5% YoY
Under IRS private-foundation payout rules, Ignite the Way reported a distributable amount of $753 for 2024 — the minimum it must pay out in qualifying distributions.
About Ignite the Way
Based on IRS filings
Ignite the Way is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PARK RIDGE, IL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $27K in total assets. In 2024, it awarded 1 grants totaling $17K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $27,318 | $10,388 | $18,254 |
| Revenue | $33,663 | $15,697 | $6,245 |
| Expenses | $18,708 | $23,563 | $7,603 |
| Qualifying Distributions | $17,444 | $22,235 | $5,500 |
| Net Investment Income | — | — | — |
| Distributable Amount | $753 | $590 | $885 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Paid to Individuals Pursuant to Exempt Purpose ($17,229).
| Recipient | Purpose | Amount |
|---|---|---|
| PAID TO INDIVIDUALS PURSUANT TO EXEMPT PURPOSE PARK RIDGE, IL | PAID TO INDIVIDUALS PURSUANT TO EXEMPT PURPOSE, DETAILS AVAILABLE UPON REQUEST. | $17,229 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BARRY CARR | PRESIDENT | — | — |
| TIMOTHY FIELDS | VICE PRESIDENT | — | — |
| MARC ROSE | TREASURER | — | — |
| JARED CARR | SECRETARY | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Ignite the Way?
Ignite the Way is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PARK RIDGE, IL. It holds $27K in total assets as of 2024.
How large is Ignite the Way?
As of 2024, Ignite the Way holds $27K in total assets with $34K in annual revenue. It awarded 1 grants totaling $17K in 2024.
Where does Ignite the Way operate?
Ignite the Way has awarded grants in Illinois.
What size grants does Ignite the Way award?
In 2024, Ignite the Way awarded 1 grants totaling $17K — an average of about $17K per grant, based on its IRS Form 990 filings.
How much is Ignite the Way required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Ignite the Way reported a distributable amount of $753 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Ignite the Way's EIN?
Ignite the Way's EIN (Employer Identification Number) is 87-1500955. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Ignite the Way's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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