L & W Charitable Foundation
L & W Charitable Foundation is a private foundation, based in Long Grove, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $4.1M in total assets. In 2025, it awarded 9 grants totaling $1.2M. Net investment income was $170K.
L & W Charitable Foundation at a glance
In short: L & W Charitable Foundation gave $1.2M across 9 grants in 2025 (avg $132K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,184,000
- +176.0% vs 2024
- Grants made (2025)
- 9
- +28.6% vs 2024
- Average grant
- $131,556
- +114.7% vs 2024
- Median grant
- $60,000
- Total assets
- $4,093,233
- +31.6% vs 2024
- Primary geography
- Illinois (88% 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 L & W Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
The largest 2025 recipient was Camp Matzvic Inc ($600K). Together the top 9 received $1.2M.
Grant Size Distribution
37 grants across all recorded years
The most common grant size was under $50K: 15 grants of 37 (41%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
Cities
How L & W Charitable Foundation gives
- Giving grew 197% from 2022 to 2025. Method
- In 2025 it paid out 656% 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 $399K (2022) to $1.2M (2025). In 2025 it made 9 grants totaling $1.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Camp Matzvic Inc Skokie, IL | To Further the Mission of the Donee. | $600,000 |
| QRBC Lake Zurich, IL | To Further the Mission of the Donee. | $270,000 |
| Asian Campus Church Chicago, IL | To Further the Mission of the Donee. | $85,000 |
| Dayspring Bible College & Seminary Mundelein, IL | To Further the Mission of the Donee. | $80,000 |
| Dayspring Bapist Church St. Louis, MO | To Further the Mission of the Donee. | $60,000 |
| Plantation Baptist Church Plantation, FL | To Further the Mission of the Donee. | $50,000 |
| Crossroads Bapist Church Fort Myers, FL | To Further the Mission of the Donee. | $20,000 |
| Pioneers Orlando, FL | To Further the Mission of the Donee. | $10,000 |
| Ministry Developers Network Westchester, IL | To Further the Mission of the Donee. | $9,000 |
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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 | $4,093,233 | $2,190,382 | $1,205,209 | $1,184,000 | 9 | $1,184,000 | $169,978 | $180,562 |
| 2024 | $3,109,867 | $103,021 | $452,975 | $429,000 | 7 | $429,000 | $85,729 | $136,130 |
| 2023 | $3,470,193 | $67,637 | $548,232 | $526,000 | 6 | $528,160 | $58,187 | $132,700 |
| 2022 | $3,940,971 | $1,016,219 | $416,564 | $399,000 | 7 | $401,000 | $43,186 | $98,984 |
| 2021 | $3,337,935 | $433,206 | $689,595 | $665,000 | 8 | $669,088 | $416,403 | $135,521 |
| 2020 | $3,601,268 | $201,121 | $843,129 | $814,897 | 7 | — | $179,731 | $137,145 |
Under IRS private-foundation payout rules, L & W Charitable Foundation reported a distributable amount of $181K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
L & W Charitable Foundation is led by Karen Vacko, President since 2024 (on filings since 2020); none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Karen Vacko
President
Vice President → President, 2024
On filings since 2020
No compensation reported
Jessica W. Olsson
Vice President & Director
Treasurer & Secretary → Treasurer, 2021
Treasurer → Vice President & Director, 2024
On filings since 2020
No compensation reported
Melissa Wang
Secretary & Treasurer
On filings since 2024
No compensation reported
Former officers (1)
- Former: Susan Nustra (2020–2023) — President
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 L & W Charitable Foundation
How much does L & W Charitable Foundation give each year?
L & W Charitable Foundation gave $1.2M across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $429K across 7 grants.
What is L & W Charitable Foundation's typical grant size?
L & W Charitable Foundation's median grant in 2025 was $60,000, and its average grant was $131,556, across 9 grants on its 2025 IRS Form 990-PF.
Where does L & W Charitable Foundation give grants?
L & W Charitable Foundation gives mostly in Illinois: 88% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Florida (7%) and Missouri (5%).
Does L & W Charitable Foundation give general operating support?
Not in 2025: none of the 9 grants with a stated purpose on L & W Charitable Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "To Further the Mission of the Donee." (9 grants).
Who are L & W Charitable Foundation's largest grantees?
L & W Charitable Foundation's largest 2025 grantees include Camp Matzvic Inc ($600,000), QRBC ($270,000) and Asian Campus Church ($85,000), according to its 2025 IRS Form 990-PF. Together they received 81% of its itemized 2025 grant dollars.
How large is L & W Charitable Foundation?
L & W Charitable Foundation reported $4.1M in total assets on its 2025 IRS Form 990-PF. It paid out $1.2M in qualifying distributions that year, against a required minimum of $181K (roughly 5% of its investment assets).
What is L & W Charitable Foundation's EIN?
L & W Charitable Foundation's EIN (Employer Identification Number) is 47-2391923. 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
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 30, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS July 19, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 16, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work L & W Charitable Foundation funds
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