King Foundation Inc
King Foundation Inc is a private foundation, based in Chicago, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $435K in total assets. In 2024, it awarded 7 grants totaling $59K. Net investment income was $20K.
Key facts about King Foundation Inc
- EIN
- 48-1140363
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $58,730
- Grants made (2024)
- 7
- Average grant
- $8,390
- Median grant
- $4,000
- Total assets
- $435,404
- Primary geography
- Wisconsin (61% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026.
Who King Foundation Inc funds
By grant dollars, the top recipient states for King Foundation Inc's 7 itemized 2024 grants were Wisconsin (61%), Idaho (9%) and North Carolina (9%). 100% of grants with a stated purpose were for general or operating support.
How King Foundation Inc gives
- Giving grew 78% from 2021 to 2024. Method
- In 2024 it paid out 285% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with King Foundation Inc
- How to evaluate King Foundation Inc as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$435K
-7.7% YoY
Annual Giving
$59K
+58.7% YoY
Grant Count
7
+0.0% YoY
Avg Grant Size
$8K
+58.7% YoY
Under IRS private-foundation payout rules, King Foundation Inc reported a distributable amount of $21K for 2024 — the minimum it must pay out in qualifying distributions.
About King Foundation Inc
Based on IRS filings
King Foundation Inc is a private foundation, based in Chicago, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $435K in total assets. In 2024, it awarded 7 grants totaling $59K. Net investment income was $20K.
Ready to take the next step with King Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 7 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $435,404 | $471,664 | $487,807 |
| Revenue | $24,349 | $22,816 | $19,714 |
| Expenses | $60,609 | $38,959 | $34,710 |
| Qualifying Distributions | $58,730 | $37,000 | $33,000 |
| Net Investment Income | $20,406 | $19,681 | $18,004 |
| Distributable Amount | $20,580 | $18,160 | $19,294 |
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 7 recipients in 2024
Grant Size Distribution
34 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Potters House ($35,730), Mission Aviation Fellowship ($5,000), Sim USA ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| POTTERS HOUSE Pewaukee, WI | UNRESTRICTED | $35,730 |
| MISSION AVIATION FELLOWSHIP Nampa, ID | UNRESTRICTED | $5,000 |
| SIM USA Charlotte, NC | UNRESTRICTED | $5,000 |
| GENERATION TO GENERATION NETWORK Gilbert, AZ | UNRESTRICTED | $4,000 |
| JOHN SCHINDLER MINISTRIES Stevensville, MI | UNRESTRICTED | $4,000 |
| EASTSIDE UNITED METHODIST Chicago, IL | UNRESTRICTED | $3,000 |
| GLOBAL PARTNERS Fishers, IN | UNRESTRICTED | $2,000 |
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 |
|---|---|---|---|
| Jennifer King Soderquist | President | 1 | — |
Frequently Asked Questions
How large is King Foundation Inc?
As of 2024, King Foundation Inc holds $435K in total assets with $24K in annual revenue. It awarded 7 grants totaling $59K in 2024.
Where does King Foundation Inc operate?
King Foundation Inc has awarded grants in Arizona, Idaho, Illinois, Indiana, Michigan, North Carolina, Texas, Wisconsin.
What size grants does King Foundation Inc award?
In 2024, King Foundation Inc awarded 7 grants totaling $59K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is King Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, King Foundation Inc reported a distributable amount of $21K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is King Foundation Inc's EIN?
King Foundation Inc's EIN (Employer Identification Number) is 48-1140363. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.