Korhumel Foundation
Korhumel Foundation is a private foundation, based in Lake Froest, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $217K in total assets. In 2025, it awarded 6 grants totaling $9K. Net investment income was $8K.
Korhumel Foundation at a glance
In short: Korhumel Foundation gave $9K across 6 grants in 2025 (avg $1K), mostly in Florida. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $8,880
- Grants made (2025)
- 6
- Average grant
- $1,480
- Median grant
- $700
- Total assets
- $217,086
- Primary geography
- Florida (51% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Korhumel Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Carson Springs Foundation ($4K). Together the top 6 received $9K.
Grant Size Distribution
24 grants across all recorded years
The most common grant size was under $50K: 24 grants of 24 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How Korhumel Foundation gives
- Giving held roughly steady from 2022 to 2025 (+13%). Method
- In 2025 it paid out 120% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $6K (2020) to $9K (2025). In 2025 it made 6 grants totaling $9K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Carson Springs Foundation Gainsville, FL | Habitat for Wild Life Animals | $4,000 |
| Lake Forest Academy Lake Forest, IL | Provide for Various Educational Needs | $2,500 |
| Salvation Army & Easter Seals Chicago, IL | Provide Support for Various Needs | $900 |
| St Judes & St Josephs Hospital Memphis, TN | Provide Support for Various Needs | $500 |
| Wounded Warriors Jacksonville, FL | Provide Support for Various Needs | $500 |
| Korhumel Foundation to Various Organizations Lake Forest, IL | Provide Support for Various Uses | $480 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $217,086 | $7,713 | $8,980 | $8,880 | 6 | $8,880 | $7,713 | $7,404 |
| 2023 | $192,841 | $4,976 | $6,828 | $6,580 | 5 | $6,580 | $4,976 | $7,486 |
| 2022 | $180,523 | $3,107 | $8,671 | $7,881 | 5 | $7,881 | $3,107 | $6,458 |
| 2021 | $197,986 | $4,435 | $7,078 | $5,979 | 4 | — | $4,435 | $7,917 |
| 2020 | $159,522 | $-1,670 | $5,656 | $5,656 | 4 | — | $1,602 | $7,848 |
Under IRS private-foundation payout rules, Korhumel Foundation reported a distributable amount of $7K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Korhumel Foundation is led by Lee Korhumel, President on every filing since 2020; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Lee Korhumel
President
On filings since 2020
No compensation reported
Carol Korhumel
Vice President
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Korhumel Foundation
How much does Korhumel Foundation give each year?
Korhumel Foundation gave $9K across 6 grants in 2025, according to its 2025 IRS Form 990-PF.
What is Korhumel Foundation's typical grant size?
Korhumel Foundation's median grant in 2025 was $700, and its average grant was $1,480, across 6 grants on its 2025 IRS Form 990-PF.
Where does Korhumel Foundation give grants?
Korhumel Foundation gives mostly in Florida: 51% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Illinois (44%) and Tennessee (6%). The most frequent recipient cities were Lake Forest, IL (2 grants).
Does Korhumel Foundation give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on Korhumel Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Provide Support for Various Needs" (3 grants).
Who are Korhumel Foundation's largest grantees?
Korhumel Foundation's largest 2025 grantees include Carson Springs Foundation ($4,000), Lake Forest Academy ($2,500) and Salvation Army & Easter Seals ($900), according to its 2025 IRS Form 990-PF. Together they received 83% of its itemized 2025 grant dollars.
How large is Korhumel Foundation?
Korhumel Foundation reported $217K in total assets on its 2025 IRS Form 990-PF. It paid out $9K in qualifying distributions that year, against a required minimum of $7K (roughly 5% of its investment assets).
What is Korhumel Foundation's EIN?
Korhumel Foundation's EIN (Employer Identification Number) is 36-6042875. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 25, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS January 12, 2023)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 22, 2024)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2023
Explore Open Grants
Browse active grant opportunities in Korhumel Foundation's focus areas in our free grants database
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