James B Tafel Foundation
The James B Tafel Foundation is a private 501(c)(3) grantmaking foundation established in January 1989 and located in Cary, Illinois. As a private foundation, it operates as an independent organization focused on philanthropic giving across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2M
+5.1% YoY
Annual Giving
$194K
+5.0% YoY
Grant Count
30
-18.9% YoY
Avg Grant Size
$6K
+29.5% YoY
Under IRS private-foundation payout rules, James B Tafel Foundation reported a distributable amount of $197K for 2024 — the minimum it must pay out in qualifying distributions.
Grantmaking
The foundation actively makes grants to charitable and religious organizations. Recent grants documented include:
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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
As of Fiscal Year Ending September 2024:
- Total Assets: $1,186,591
- Total Revenue: $254,642
- Total Expenses: $196,588
- Net Income: $58,054
- Total Liabilities: $0
Revenue Composition (FYE 09/2024):
- Investment Income and Dividends: $76,813
- Net Gain from Sale of Non-Inventory Assets: $177,829
- Contributions Received: $0
The foundation's revenue is primarily derived from investment returns and asset sales rather than contributions.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,186,591 | $1,128,537 | $1,253,462 |
| Revenue | $254,642 | $61,741 | $18,509 |
| Expenses | $196,588 | $186,666 | $251,874 |
| Qualifying Distributions | $194,875 | $185,580 | $250,597 |
| Net Investment Income | $253,817 | $60,916 | $17,701 |
| Distributable Amount | $197,275 | $173,733 | $193,450 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
191 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Seacrest Prsbytrn Church ($53,300), Bethesda Hospital Foundation ($35,000), Spark Ventures ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN LUNG ASSOCIATION PHILADELPHIA, PA | MEDICAL | $150 |
| AMERSON MUSIC MINISTRIES CORONA, CA | RELIGIOUS | $10,000 |
| BETHESDA HOSPITAL FOUNDATION BOYNTON BEACH, FL | MEDICAL | $35,000 |
| BUCKNER INTERNATIONAL DALLAS, TX | CHARITABLE | $1,000 |
| BURNHAM MINISTRY ESTERO, FL | RELIGIOUS | $10,000 |
| CARY FIRE DEPARTMENT CARY, IL | CHARITABLE | $7,500 |
| CC OF FLORIDA SCHOLARSHIP FOUNDATION VILLAGE OF GOLF, FL | EDUCATIONAL | $1,000 |
| COOL KIDS CAMPAIGN FOUNDATION INC TOWSON, MD | CHARITABLE | $16,000 |
| CRC RECOVERY FOUNDATION DELRAY BEACH, FL | CHARITABLE | $1,000 |
| FIRST CARE WEST PALM BEACH, FL | CHARITABLE | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| IDA MAY TAFEL | TRUSTEE | — | — |
| JULIE K TAFEL-KLAUS | TRUSTEE | — | — |
| JAMES B TAFEL JR | TRUSTEE | — | — |
Frequently Asked Questions
How do I apply for a grant from James B Tafel Foundation?
The foundation actively makes grants to charitable and religious organizations. Recent grants documented include: • Spark Ventures: $20,000 (2024) • Cool Kids Campaign Foundation: $16,000 (2024) • Burnham Ministries International: $10,000 (2024) The foundation made additional grants beyond those listed above, with total giving of $194,050 in the most recent fiscal year. The foundation has zero employees and operates as a grantmaking entity.
What size grants does James B Tafel Foundation award?
In 2024, James B Tafel Foundation awarded 30 grants totaling $194K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is James B Tafel Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, James B Tafel Foundation reported a distributable amount of $197K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is James B Tafel Foundation's EIN?
James B Tafel Foundation's EIN (Employer Identification Number) is 36-3475140. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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