Ishbia Family Foundation Inc
Ishbia Family Foundation Inc is a private foundation focused on Human Services, based in Chicago, IL. IRS filing data is available from 2023 through 2024. In 2024, it awarded 5 grants totaling $1.9M.
Ishbia Family Foundation Inc at a glance
In short: Ishbia Family Foundation Inc gave $1.9M across 5 grants in 2024 (avg $371K), mostly in Michigan. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,854,333
- +384.4% vs 2023
- Grants made (2024)
- 5
- +25.0% vs 2023
- Average grant
- $370,867
- +287.5% vs 2023
- Median grant
- $49,765
- Primary geography
- Michigan (70% 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 Ishbia Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Michigan State Athletics ($1.3M). Together the top 5 received $1.9M.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 5 grants of 9 (56%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How Ishbia Family Foundation Inc gives
- 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 2023 to 2024, annual grant giving ranged from $383K (2023) to $1.9M (2024). In 2024 it made 5 grants totaling $1.9M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Michigan State Athletics East Lansing, MI | To Further Program Services | $1,305,158 |
| Chicago Parks Foundation Chicago, IL | To Further Program Services | $463,000 |
| Naples Preschool of the Arts Naples, FL | To Further Program Services | $49,765 |
| Cubs Charities Chicago, IL | To Further Program Services | $26,231 |
| Wild Bills Warrior's Park City, UT | To Further Program Services | $10,179 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|
| 2024 | $1,854,363 | $1,854,363 | $1,854,333 | 5 | $1,854,363 | $193 |
| 2023 | $382,836 | $382,836 | $382,836 | 4 | $382,836 | — |
Under IRS private-foundation payout rules, Ishbia Family Foundation Inc reported a distributable amount of $193 for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Ishbia Family Foundation Inc is led by Justin Ishbia, President on every filing since 2023; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Justin Ishbia
President
On filings since 2023
1 hr/week
No compensation reported
Eric Lynn
Secretary
On filings since 2023
1 hr/week
No compensation reported
Kristen Ishbia
Vice President
On filings since 2023
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2023–2024. "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 Ishbia Family Foundation Inc
How much does Ishbia Family Foundation Inc give each year?
Ishbia Family Foundation Inc gave $1.9M across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $383K across 4 grants.
What is Ishbia Family Foundation Inc's typical grant size?
Ishbia Family Foundation Inc's median grant in 2024 was $49,765, and its average grant was $370,867, across 5 grants on its 2024 IRS Form 990-PF.
Where does Ishbia Family Foundation Inc give grants?
Ishbia Family Foundation Inc gives mostly in Michigan: 70% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Illinois (26%). The most frequent recipient cities were Chicago, IL (2 grants).
Does Ishbia Family Foundation Inc give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on Ishbia Family Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "To Further Program Services" (5 grants).
Who are Ishbia Family Foundation Inc's largest grantees?
Ishbia Family Foundation Inc's largest 2024 grantees include Michigan State Athletics ($1,305,158), Chicago Parks Foundation ($463,000) and Naples Preschool of the Arts ($49,765), according to its 2024 IRS Form 990-PF. Together they received 98% of its itemized 2024 grant dollars.
What is Ishbia Family Foundation Inc?
Ishbia Family Foundation Inc is a private foundation focused on Human Services, based in Chicago, IL.
How much is Ishbia Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Ishbia Family Foundation Inc reported a distributable amount of $193 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Ishbia Family Foundation Inc's EIN?
Ishbia Family Foundation Inc's EIN (Employer Identification Number) is 92-3921785. IRS Form 990 filing data is available on this page for 2023–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2023–2024
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