King Foundation Inc

CHICAGO, IL EIN: 48-1140363

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.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$435K

-7.7% YoY

Annual Giving

$59K

+58.7% YoY

Grant Count

+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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Wisconsin $93K (47%)

Arizona $24K (12%)

North Carolina $22K (11%)

Idaho $17K (9%)

Michigan $17K (9%)

Illinois $12K (6%)

Indiana $10K (5%)

Texas $4K (2%)

States

Arizona Idaho Illinois Indiana Michigan North Carolina Texas Wisconsin

Cities

CharlotteChicagoFishersGilbertGrapevineNampaPewaukeeStevensville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

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 include Potters House ($35,730), Mission Aviation Fellowship ($5,000), Sim Usa ($5,000).

Recipient	Purpose	Amount
EASTSIDE UNITED METHODIST CHICAGO, IL	UNRESTRICTED	$3,000
GENERATION TO GENERATION NETWORK GILBERT, AZ	UNRESTRICTED	$4,000
GLOBAL PARTNERS FISHERS, IN	UNRESTRICTED	$2,000
JOHN SCHINDLER MINISTRIES STEVENSVILLE, MI	UNRESTRICTED	$4,000
MISSION AVIATION FELLOWSHIP NAMPA, ID	UNRESTRICTED	$5,000
POTTERS HOUSE PEWAUKEE, WI	UNRESTRICTED	$35,730
SIM USA CHARLOTTE, NC	UNRESTRICTED	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 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.