James V Harkness Foundation

PO BOX CHICA, IL EIN: 26-3854725

James V Harkness Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PO BOX CHICA, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $558K in total assets. In 2024, it awarded 6 grants totaling $88K. Net investment income was $37K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$558K

-8.7% YoY

Annual Giving

$88K

+25.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$15K

+25.0% YoY

Under IRS private-foundation payout rules, James V Harkness Foundation reported a distributable amount of $33K for 2024 — the minimum it must pay out in qualifying distributions.

About James V Harkness Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Illinois $328K (79%)

Wisconsin $65K (16%)

Connecticut $13K (3%)

Florida $5K (1%)

Virginia $5K (1%)

States

Connecticut Florida Illinois Virginia Wisconsin

Cities

ChicagoDekalbEvanstonGlenviewJupiterKenoshaMerrifieldPark RidgeWallington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$557,635	$610,457	$524,804
Revenue	$40,634	$162,310	$128,633
Expenses	$93,466	$77,120	$106,945
Qualifying Distributions	$89,954	$72,524	$103,641
Net Investment Income	$37,122	$9,835	$25,365
Distributable Amount	$32,958	$31,970	$28,868

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Grant Size Distribution

24 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Have Dreams ($35,000), Matthias Academy Corporation ($20,000), Misericordia ($15,000).

Recipient	Purpose	Amount
HAVE DREAMS PARK RIDGE, IL	GENERAL	$35,000
MISERICORDIA CHICAGO, IL	GENERAL	$15,000
CONNECTICUT FOODSHARE WALLINGTON, CT	GENERAL	$10,000
JUPITER MEDICAL FOUNDATION JUPITER, FL	GENERAL	$5,000
EVANSTON WILMETTE GOLF COURSE EVANSTON, IL	GENERAL	$2,500
MATTHIAS ACADEMY CORPORATION KENOSHA, WI	GENERAL	$20,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MARIANNE HARKNESS	DIRECTOR	1	—
SUSAN BROWN	DIRECTOR	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is James V Harkness Foundation?

James V Harkness Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PO BOX CHICA, IL. It holds $558K in total assets as of 2024.

How large is James V Harkness Foundation?

As of 2024, James V Harkness Foundation holds $558K in total assets with $41K in annual revenue. It awarded 6 grants totaling $88K in 2024.

Where does James V Harkness Foundation operate?

James V Harkness Foundation has awarded grants in Connecticut, Florida, Illinois, Virginia, Wisconsin.

What size grants does James V Harkness Foundation award?

In 2024, James V Harkness Foundation awarded 6 grants totaling $88K — an average of about $15K per grant, based on its IRS Form 990 filings.

How much is James V Harkness Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, James V Harkness Foundation reported a distributable amount of $33K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.