Kwaan Family Foundation Inc
Kwaan Family Foundation Inc is a private foundation, based in Northfield, IL. IRS filing data is available from 2020 through 2022. In 2022, it awarded 1 grant totaling $255K. Net investment income was $3K.
Kwaan Family Foundation Inc at a glance
In short: Kwaan Family Foundation Inc gave $255K across 1 grant in 2022 (avg $255K), mostly in Illinois. Source: 2022 IRS Form 990-PF.
- Annual giving (2022)
- $255,006
- +9059.7% vs 2021
- Grants made (2022)
- 1
- +0.0% vs 2021
- Average grant
- $255,006
- +9059.7% vs 2021
- Median grant
- $255,006
- Primary geography
- Illinois (100% of itemized 2022 grant dollars)
- Latest 990 filing
- Form 990-PF, 2022 View filing
Data from IRS Form 990-PF, 2022; updated September 2026.
Who Kwaan Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2022
The largest 2022 recipient was Northwestern University ($255K).
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 1 grant of 2 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2022 grant dollars on its one itemized grant.
States
Cities
How Kwaan Family Foundation Inc gives
- In 2022 it paid out well above 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 2021 to 2022, annual grant giving ranged from $3K (2021) to $255K (2022). In 2022 it made 1 grant totaling $255K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Northwestern University Evanston, IL | Funding of fellowship programs to attract medical students to specialize in hematology and the treatment of blood diseases | $255,006 |
Ready to take the next step with Kwaan Family Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2022 | — | $5,575 | $257,267 | $255,006 | 1 | $257,267 | $3,315 | $11,428 |
| 2021 | $222,974 | $3,651 | $5,199 | $2,784 | 1 | $5,147 | $1,236 | $11,394 |
| 2020 | $179,815 | $-37,565 | $2,300 | — | — | — | $1,871 | $8,768 |
Under IRS private-foundation payout rules, Kwaan Family Foundation Inc reported a distributable amount of $11K for 2022 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Kwaan Family Foundation Inc is led by Hau C Kwaan, President on every filing since 2020; none of the 4 officers listed in 2022 report compensation.
Officers on the 2022 filing
Hau C Kwaan
President
On filings since 2020
No compensation reported
Laura Lasley
Director
On filings since 2020
No compensation reported
Walter Kwaan
Director
On filings since 2020
No compensation reported
Louise Kwaan
Secretary
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2022. "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 Kwaan Family Foundation Inc
How much does Kwaan Family Foundation Inc give each year?
Kwaan Family Foundation Inc gave $255K across 1 grant in 2022, according to its 2022 IRS Form 990-PF. In 2021 it gave $3K across 1 grant.
Where does Kwaan Family Foundation Inc operate?
Kwaan Family Foundation Inc has awarded grants in District of Columbia, Illinois.
How much is Kwaan Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2022, Kwaan Family Foundation Inc reported a distributable amount of $11K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Kwaan Family Foundation Inc's EIN?
Kwaan Family Foundation Inc's EIN (Employer Identification Number) is 94-3434816. IRS Form 990 filing data is available on this page for 2020–2022.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2022
Explore Open Grants
Browse active grant opportunities in Kwaan Family Foundation Inc's focus areas in our free grants database
Similar Funders
Funders with grantees in common
Caleres Cares Charitable Trust
Orlando, FL
The Caleres Cares Charitable Trust supports eligible nonprofits working on stronger families, diversity and inclusion, sustainability, St. Louis arts and culture, and the footwear industry. Recent filings show one large grant annually, ranging from about $865,000 to $1.85 million; although St. Louis is a stated priority, recent grants went to Florida. It accepts unsolicited requests through its online application process.
Assets
$212K
Grants
1
Total Given
$866K
The Barris Foundation
Washington, DC
Assets
—
Grants
2
Total Given
$728K
John and Betsy McLinden Foundation
Chicago, IL
Assets
$347K
Grants
3
Total Given
$40K
Cancer Research Foundation
Chicago, IL
The Cancer Research Foundation mission is to raise funds to fund both early-career cancer scientists and new directions in cancer science research with the goal of contributing to transformational events in the prevention, treatment and cure for cancer.
Assets
$10.2M
Grants
3
Total Given
$1.2M
Daniel and Susan Asher Family Foundation
Oak Park, IL
Assets
$2.8M
Grants
3
Total Given
$285K
Erie Chapman Foundation
Nashville, TN
Assets
$221K
Grants
4
Total Given
$11K
More similar funders
More Funders in Illinois
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Kwaan Family Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Kwaan Family Foundation Inc down — hundreds of funders to go?