Ilene & Michael Shaw Charitable Trust I
Ilene & Michael Shaw Charitable Trust I is a private foundation, based in Highland Park, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $11.2M in total assets. In 2025, it awarded 1 grant totaling $629K. Net investment income was $710K.
Ilene & Michael Shaw Charitable Trust I at a glance
In short: Ilene & Michael Shaw Charitable Trust I gave $629K across 1 grant in 2025 (avg $629K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $628,650
- -6.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $628,650
- -6.0% vs 2024
- Median grant
- $628,650
- Total assets
- $11,155,204
- +4.9% vs 2024
- Primary geography
- Illinois (100% 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 Ilene & Michael Shaw Charitable Trust I funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $500K–1M range: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Ilene & Michael Shaw Charitable Trust I gives
- Giving grew 41% from 2022 to 2025. Method
- In 2025 it paid out 92% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 $282K (2020) to $674K (2021). In 2025 it made 1 grant totaling $629K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| See Attached Schedule Highland Park, IL | Charitable purposes | $628,650 |
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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 | $11,155,204 | $1,277,033 | $755,206 | $628,650 | 1 | $628,650 | $710,315 | $681,248 |
| 2024 | $10,633,377 | $1,102,362 | $765,672 | $668,650 | 1 | $668,650 | $1,985,599 | $623,745 |
| 2023 | $10,296,687 | $1,362,350 | $734,747 | $573,700 | 1 | $573,700 | $1,551,408 | $551,615 |
| 2022 | $9,669,084 | $4,076,110 | $596,601 | $444,800 | 1 | $444,800 | $3,717,570 | $473,727 |
| 2021 | $6,218,619 | $4,090,816 | $760,406 | $673,650 | 1 | $673,650 | $3,861,992 | $484,348 |
| 2020 | $2,953,834 | $1,087,926 | $342,515 | $281,950 | 1 | — | $632,663 | $408,730 |
Under IRS private-foundation payout rules, Ilene & Michael Shaw Charitable Trust I reported a distributable amount of $681K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Ilene & Michael Shaw Charitable Trust I is led by Ilene Shaw, Trustee on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Ilene Shaw
Trustee
On filings since 2020
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 Ilene & Michael Shaw Charitable Trust I
How much does Ilene & Michael Shaw Charitable Trust I give each year?
Ilene & Michael Shaw Charitable Trust I gave $629K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $669K across 1 grant.
How large is Ilene & Michael Shaw Charitable Trust I?
Ilene & Michael Shaw Charitable Trust I reported $11.2M in total assets on its 2025 IRS Form 990-PF. It paid out $629K in qualifying distributions that year, against a required minimum of $681K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Ilene & Michael Shaw Charitable Trust I operate?
Ilene & Michael Shaw Charitable Trust I has awarded grants in Illinois.
What is Ilene & Michael Shaw Charitable Trust I's EIN?
Ilene & Michael Shaw Charitable Trust I's EIN (Employer Identification Number) is 36-4054433. 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 September 7, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS June 20, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 29, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 8, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
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