Im Susan L Klimaitis Foundation
Im Susan L Klimaitis Foundation is a private foundation, based in Dallas, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $2.2M in total assets. In 2025, it awarded 4 grants totaling $225K. Net investment income was $144K.
Im Susan L Klimaitis Foundation at a glance
In short: Im Susan L Klimaitis Foundation gave $225K across 4 grants in 2025 (avg $56K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $225,000
- +26.1% vs 2024
- Grants made (2025)
- 4
- +100.0% vs 2024
- Average grant
- $56,250
- -37.0% vs 2024
- Median grant
- $65,000
- Total assets
- $2,157,359
- -4.2% vs 2024
- Primary geography
- Illinois (76% 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 Im Susan L Klimaitis Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Racquetball Now ($90K). Together the top 4 received $225K.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was in the $50–100K range: 5 grants of 12 (42%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How Im Susan L Klimaitis Foundation gives
- Giving grew 52% from 2022 to 2025. Method
- In 2025 it paid out 183% 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 $113K (2020) to $630K (2021). In 2025 it made 4 grants totaling $225K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Racquetball Now St Charles, IL | Unrestricted General | $90,000 |
| Faubourg Theater Inc Hanover Park, IL | Unrestricted General | $80,000 |
| The Bridge Foundation San Francisco, CA | Unrestricted General | $50,000 |
| Joey Logan EC3WB Stevens Point, WI | Unrestricted General | $5,000 |
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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 | $2,157,359 | $159,874 | $255,223 | $225,000 | 4 | $234,862 | $143,888 | $128,250 |
| 2024 | $2,251,247 | $146,065 | $204,976 | $178,500 | 2 | $189,142 | $126,237 | $126,388 |
| 2023 | $2,309,611 | $78,881 | $249,161 | $219,000 | 2 | $228,152 | $64,011 | $119,727 |
| 2022 | $2,480,506 | $430,772 | $180,690 | $147,850 | 3 | $157,236 | $415,521 | $119,970 |
| 2021 | $2,232,464 | $408,294 | $662,506 | $630,000 | 1 | $641,271 | $389,286 | $155,806 |
| 2020 | $2,474,318 | $204,374 | $139,367 | $113,284 | 1 | — | $188,496 | $134,178 |
Under IRS private-foundation payout rules, Im Susan L Klimaitis Foundation reported a distributable amount of $128K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Im Susan L Klimaitis Foundation's 2025 filing lists 5 officers; 1 of 5 officers listed in 2025 is compensated.
Officers on the 2025 filing
Susan Klimaitis CO Bank Of America
President
New on the 2025 filing
1 hr/week
No compensation reported
Bank Of America N A
Agent for Trustee
On filings since 2020
1 hr/week
$23K (2020) → $23K (2025)
Karla Green CO Bank Of America
Director
New on the 2025 filing
1 hr/week
No compensation reported
Kristy Klimaitis CO Bank Of Americ
Director
New on the 2025 filing
1 hr/week
No compensation reported
LEO Klimaitis CO Bank Of Ameri
Secretary & Treasurer
New on the 2025 filing
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $23K, to Bank of America N a (Agent for Trustee).
Frequently asked questions about Im Susan L Klimaitis Foundation
How much does Im Susan L Klimaitis Foundation give each year?
Im Susan L Klimaitis Foundation gave $225K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $179K across 2 grants.
What is Im Susan L Klimaitis Foundation's typical grant size?
Im Susan L Klimaitis Foundation's median grant in 2025 was $65,000, and its average grant was $56,250, across 4 grants on its 2025 IRS Form 990-PF.
Where does Im Susan L Klimaitis Foundation give grants?
Im Susan L Klimaitis Foundation gives mostly in Illinois: 76% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was California (22%).
Does Im Susan L Klimaitis Foundation give general operating support?
Yes: 100% of Im Susan L Klimaitis Foundation's 2025 grants with a stated purpose (4 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Im Susan L Klimaitis Foundation?
Im Susan L Klimaitis Foundation reported $2.2M in total assets on its 2025 IRS Form 990-PF. It paid out $235K in qualifying distributions that year, against a required minimum of $128K (roughly 5% of its investment assets).
What is Im Susan L Klimaitis Foundation's EIN?
Im Susan L Klimaitis Foundation's EIN (Employer Identification Number) is 36-4152463. 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 June 18, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 19, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 3, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS June 10, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 26, 2026)
- IRS filings on file for fiscal years 2020–2024
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Figures come from Im Susan L Klimaitis 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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