JGM Foundation
JGM Foundation is a private foundation, based in Frankfort, IL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $2.0M in total assets. In 2025, it awarded 2 grants totaling $109K. Net investment income was $172K.
Key facts about JGM Foundation
In short: JGM Foundation gave $109K across 2 grants in 2025 (avg $54K), mostly in Georgia. Source: 2025 IRS Form 990-PF.
- EIN
- 82-3764755
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $108,966
- Grants made (2025)
- 2
- Average grant
- $54,483
- Median grant
- $54,483
- Total assets
- $2,002,535
- Primary geography
- Georgia (50% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.0M
+2.9% YoY
Annual Giving
$109K
+15.5% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$54K
+15.5% YoY
Under IRS private-foundation payout rules, JGM Foundation reported a distributable amount of $128K for 2025 — the minimum it must pay out in qualifying distributions.
How JGM Foundation gives
- Giving held roughly steady from 2022 to 2025 (+9%). Method
- In 2025 it paid out 85% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $78K (2021) to $109K (2025). In 2025 it made 2 grants totaling $109K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was National Christian Foundation ($54K). Together the top 2 received $109K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was in the $50–100K range: 6 grants of 10 (60%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| National Christian Foundation Alpharetta, GA | General Fund | $54,488 |
| Alzheimers Association Chicago, IL | General Fund | $54,478 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,002,535 | $1,945,837 | $1,748,123 |
| Revenue | $186,205 | $307,564 | $192,457 |
| Expenses | $129,507 | $109,850 | $122,419 |
| Qualifying Distributions | $109,174 | $94,336 | $107,536 |
| Net Investment Income | $171,537 | $294,484 | $181,433 |
| Distributable Amount | $128,335 | $109,005 | $94,537 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
Leadership & Key People
Officers and directors from IRS filings
JGM Foundation is led by Tracy Silver, President & Secretary on every filing since 2021; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Tracy Silver
President & Secretary
On filings since 2021
No compensation reported
Caroline Maynard
Vice President
On filings since 2021
No compensation reported
Elliott M. Friedman
Treasurer
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "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 JGM Foundation
How much does JGM Foundation give each year?
JGM Foundation gave $109K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $94K across 2 grants.
How large is JGM Foundation?
JGM Foundation reported $2.0M in total assets on its 2025 IRS Form 990-PF. It paid out $109K in qualifying distributions that year, against a required minimum of $128K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does JGM Foundation operate?
JGM Foundation has awarded grants in Georgia, Illinois, Texas.
What is JGM Foundation's EIN?
JGM Foundation's EIN (Employer Identification Number) is 82-3764755. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching JGM Foundation by hand.
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