Institute for Financial Markets
Institute for Financial Markets is a private foundation focused on Social Science, based in Washington, DC. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $4.4M in total assets. In 2024, it awarded 2 grants totaling $254. Net investment income was $969K.
Institute for Financial Markets at a glance
In short: Institute for Financial Markets gave $254 across 2 grants in 2024 (avg $127), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $254
- Grants made (2024)
- 2
- Average grant
- $127
- Median grant
- $127
- Total assets
- $4,434,520
- -10.3% vs 2023
- Primary geography
- Illinois (59% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Institute for Financial Markets funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Arlington Heights Historical Society ($150). Together the top 2 received $254.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 8 grants of 10 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
How Institute for Financial Markets gives
- Giving fell 100% from 2021 to 2024. Method
- In 2024 it paid out 392% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990 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 $254 (2024) to $213K (2021). In 2024 it made 2 grants totaling $254.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Arlington Heights Historical Society Arlington, IL | General Purpose | $150 |
| Prevention for Blindness Society Washington, DC | General Purpose | $104 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $4,434,520 | $1,413,733 | $1,271,317 | $254 | 2 | $681,092 | $968,650 | $173,553 |
| 2023 | $4,944,781 | $425,670 | $1,118,681 | — | — | $443,230 | $49,929 | $241,926 |
| 2022 | $5,099,497 | $251,587 | $827,624 | $40,436 | 4 | $424,677 | $33,002 | $277,733 |
| 2021 | $6,341,875 | $527,039 | $940,918 | $212,666 | 3 | — | $330,148 | — |
| 2020 | $6,579,742 | $666,210 | $884,781 | $200,000 | 1 | — | $478,587 | — |
| 2019 | $6,737,333 | $407,149 | $994,909 | $200,000 | 1 | — | $180,769 | — |
Under IRS private-foundation payout rules, Institute for Financial Markets reported a distributable amount of $174K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Institute for Financial Markets is led by Patricia Foshee, President on every filing since 2019; 1 of 11 officers listed in 2024 is compensated.
Officers on the 2024 filing
Patricia Foshee
President
On filings since 2019
37.5 hrs/week
$247K (2019) → $406K (2024)
Michael C. Dawley
Chairman
On filings since 2019
0.5 hrs/week
No compensation reported
Daniel Driscoll
Member of Board of Trustees
Secretary & Treasurer → Member of Board of Trustees, 2024
On filings since 2019
0.5 hrs/week
No compensation reported
Gary A. Dewaal
Vice Chairman
On filings since 2019
0.5 hrs/week
No compensation reported
John M. Damgard
Member of Board of Trustees
On filings since 2019
0.5 hrs/week
No compensation reported
Peter Borish
Member of Board of Trustees
On filings since 2019
0.5 hrs/week
No compensation reported
Walter Lukken
Member of Board of Trustees
Trustee → Member of Board of Trustees, 2024
On filings since 2019
0.5 hrs/week
No compensation reported
Arhtur W. Hahn
Member of Board of Trustees
On filings since 2021
0.5 hrs/week
No compensation reported
Alicia Crighton
Member of Board of Trustees
On filings since 2023
0.5 hrs/week
No compensation reported
Eric Aldous
Secretary & Treasurer
Member of Board of Trustees → Secretary & Treasurer, 2024
On filings since 2023
0.5 hrs/week
No compensation reported
Karen K. Wuertz
Member of Board of Trustees
On filings since 2023
0.5 hrs/week
No compensation reported
Former officers (4)
- Former: Myrtle Allen (2019–2023) — Administrative Manager
- Former: Mary Ann Burns (2023) — Member of Board of Trustees
- Former: Jerome D Kemp (2019–2021) — Member of Board of Trustees
- Former: Arthur Hahn (2019–2020) — Member of Board of Trustees
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $406K, to Patricia Foshee (President).
Frequently asked questions about Institute for Financial Markets
How much does Institute for Financial Markets give each year?
Institute for Financial Markets gave $254 across 2 grants in 2024, according to its 2024 IRS Form 990-PF.
How large is Institute for Financial Markets?
Institute for Financial Markets reported $4.4M in total assets on its 2024 IRS Form 990-PF. It paid out $681K in qualifying distributions that year, against a required minimum of $174K (roughly 5% of its investment assets).
What is Institute for Financial Markets?
Institute for Financial Markets is a private foundation focused on Social Science, based in Washington, DC. It holds $4.4M in total assets as of 2024.
Where does Institute for Financial Markets operate?
Institute for Financial Markets has awarded grants in District of Columbia, Illinois, Maryland, New York.
What is Institute for Financial Markets's EIN?
Institute for Financial Markets's EIN (Employer Identification Number) is 52-1634508. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS July 13, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- IRS filings on file for fiscal years 2020–2024
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Institute for Financial Markets down — hundreds of funders to go?