Jerath Family Foundation
Jerath Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Chicago, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $14K in total assets. In 2024, it awarded 3 grants totaling $51K. Net investment income was $55K.
Key facts about Jerath Family Foundation
- EIN
- 85-3922289
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $51,001
- Grants made (2024)
- 3
- Average grant
- $17,000
- Median grant
- $20,000
- Total assets
- $13,837
- Primary geography
- Pennsylvania (59% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Jerath Family Foundation funds
By grant dollars, the top recipient states for Jerath Family Foundation's 3 itemized 2024 grants were Pennsylvania (59%) and Illinois (41%). 100% of grants with a stated purpose were for general or operating support.
How Jerath Family Foundation gives
- In 2024 it paid out 441% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Jerath Family Foundation
- How to evaluate Jerath Family Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$14K
+35.5% YoY
Annual Giving
$51K
+104.6% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$17K
+104.6% YoY
Under IRS private-foundation payout rules, Jerath Family Foundation reported a distributable amount of $12K for 2024 — the minimum it must pay out in qualifying distributions.
About Jerath Family Foundation
Based on IRS filings
Jerath Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Chicago, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $14K in total assets. In 2024, it awarded 3 grants totaling $51K. Net investment income was $55K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 3 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $13,837 | $10,209 | $11,834 |
| Revenue | $55,823 | $23,584 | $16,668 |
| Expenses | $52,195 | $25,209 | $17,471 |
| Qualifying Distributions | $51,001 | $24,922 | $17,000 |
| Net Investment Income | $54,959 | $23,584 | $16,668 |
| Distributable Amount | $11,561 | $12,557 | $7,799 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 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 recipients include University of Pennsylvania ($30,000), Embarc Chicago ($20,000), Shrew Guru Krupa Foundation ($1,001).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF PENNSYLVANIA Philadelphia, PA | UNRESTRICTED USE BY CHARITY | $30,000 |
| EMBARC CHICAGO Chicago, IL | UNRESTRICTED USE BY CHARITY | $20,000 |
| SHREW GURU KRUPA FOUNDATION Hanover Park, IL | UNRESTRICTED USE BY CHARITY | $1,001 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Lynn Jerath | President | — | — |
| Kunal Jerath | Secretary | — | — |
| Amar Jerath | Treasurer | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Jerath Family Foundation?
Jerath Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Chicago, IL. It holds $14K in total assets as of 2024.
How large is Jerath Family Foundation?
As of 2024, Jerath Family Foundation holds $14K in total assets with $56K in annual revenue. It awarded 3 grants totaling $51K in 2024.
Where does Jerath Family Foundation operate?
Jerath Family Foundation has awarded grants in Illinois, Pennsylvania.
What size grants does Jerath Family Foundation award?
In 2024, Jerath Family Foundation awarded 3 grants totaling $51K — an average of about $17K per grant, based on its IRS Form 990 filings.
How much is Jerath Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Jerath Family Foundation reported a distributable amount of $12K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Jerath Family Foundation's EIN?
Jerath Family Foundation's EIN (Employer Identification Number) is 85-3922289. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.