Jeffrey and Margaret Jones Family
Jeffrey and Margaret Jones Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 7 grants totaling $1.5M. Net investment income was $66K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.1M
+33.0% YoY
Annual Giving
$1.5M
Grant Count
7
Avg Grant Size
$220K
Under IRS private-foundation payout rules, Jeffrey and Margaret Jones Family reported a distributable amount of $90K for 2024 — the minimum it must pay out in qualifying distributions.
About Jeffrey and Margaret Jones Family
Based on IRS filings
Jeffrey and Margaret Jones Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 7 grants totaling $1.5M. Net investment income was $66K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 |
|---|---|---|
| Total Assets | $2,106,158 | $1,583,906 |
| Revenue | $2,081,551 | $1,584,461 |
| Expenses | $1,559,299 | $555 |
| Qualifying Distributions | $1,537,015 | — |
| Net Investment Income | $65,665 | $230,102 |
| Distributable Amount | $90,284 | $5,821 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cynisca Cycling Inc ($1,025,000), Indiana University Foundation ($300,000), Hoosiers for Good ($125,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALBANY LAW SCHOOL FUND ALBANY, NY | GENERAL PURPOSES | $5,000 |
| CARPENTER SCHOLARSHIP - WOMEN IN THORACIC SURGERY (WTS) SAN RAMON, CA | GENERAL PURPOSES | $7,000 |
| CYNISCA CYCLING INC BLOOMINGTON, IN | GENERAL PURPOSES | $1,025,000 |
| HOOSIERS FOR GOOD BLOOMINGTON, IN | GENERAL PURPOSES | $125,000 |
| INDIANA UNIVERSITY FOUNDATION BLOOMINGTON, IN | GENERAL PURPOSES | $300,000 |
| THE NAVIGATORS COLORADO SPRINGS, CO | GENERAL PURPOSES | $25,000 |
| USA CYCLING FOUNDATION COLORADO SPRINGS, CO | GENERAL PURPOSES | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JEFFREY JONES | TRUSTEE | 0.5 | — |
| MARGARET JONES | TRUSTEE | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Jeffrey and Margaret Jones Family?
Jeffrey and Margaret Jones Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. It holds $2.1M in total assets as of 2024.
How large is Jeffrey and Margaret Jones Family?
As of 2024, Jeffrey and Margaret Jones Family holds $2.1M in total assets with $2.1M in annual revenue. It awarded 7 grants totaling $1.5M in 2024.
Where does Jeffrey and Margaret Jones Family operate?
Jeffrey and Margaret Jones Family has awarded grants in California, Colorado, Indiana, New York.
What size grants does Jeffrey and Margaret Jones Family award?
In 2024, Jeffrey and Margaret Jones Family awarded 7 grants totaling $1.5M — an average of about $220K per grant, based on its IRS Form 990 filings.
How much is Jeffrey and Margaret Jones Family required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Jeffrey and Margaret Jones Family reported a distributable amount of $90K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Jeffrey and Margaret Jones Family's EIN?
Jeffrey and Margaret Jones Family's EIN (Employer Identification Number) is 92-3848212. IRS Form 990 filing data is available on this page for 2023–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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