Lifetract Foundation

Foundation · Grantmaker Chicago, IL EIN: 26-2643205

Lifetract Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Chicago, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4K in total assets. In 2024, it awarded 8 grants totaling $590K.

Key facts about Lifetract Foundation

EIN: 26-2643205
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $590,000
Grants made (2024): 8
Average grant: $73,750
Median grant: $7,500
Total assets: $3,786
Primary geography: Illinois (93% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Lifetract Foundation funds

By grant dollars, the top recipient states for Lifetract Foundation's 8 itemized 2024 grants were Illinois (93%). The most frequent recipient cities were Chicago, IL (2 grants). None of its 8 grants with a stated purpose were described as general or operating support. Recurring purposes include "Donation to Charity" (7 grants).

How Lifetract Foundation gives

In 2024 it paid out 66% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with Lifetract Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4K

-5.9% YoY

Annual Giving

$590K

+96.7% YoY

Grant Count

+700.0% YoY

Avg Grant Size

$74K

-75.4% YoY

Under IRS private-foundation payout rules, Lifetract Foundation reported a distributable amount of $361 for 2024 — the minimum it must pay out in qualifying distributions.

About Lifetract Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Illinois $550K (93%)

Colorado $10K (2%)

Arizona $10K (2%)

California $5K (1%)

District of Columbia $5K (1%)

All other $10K (2%)

Share of all 8 itemized 2024 grant dollars.

States

Arizona California Colorado District of Columbia Illinois New York Oregon

Cities

ChicagoDenverEugeneEvanstonNew YorkPageWashingtonWest Hollywood

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,786	$4,023	$4,023
Revenue	$590,000	$300,000	$175,000
Expenses	$590,237	$300,000	$250,102
Qualifying Distributions	$237	$300,000	$250,102
Net Investment Income	—	—	—
Distributable Amount	$361	$198	$510

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 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 8 recipients in 2024

Grant Size Distribution

11 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Hope Chicago ($300,000), Northwestern Memorial Foundation ($250,000), Rocky Mountain Crisis ($10,000).

Recipient	Purpose	Amount
HOPE CHICAGO Chicago, IL	DONATION TO CHARITY	$300,000
NORTHWESTERN MEMORIAL FOUNDATION Chicago, IL	DONATIONS TO CHARITITY	$250,000
ROCKY MOUNTAIN CRISIS Denver, CO	DONATION TO CHARITY	$10,000
GLEN CANYON Page, AZ	DONATION TO CHARITY	$10,000
THE TREVOR PROJECT West Hollywood, CA	DONATION TO CHARITY	$5,000
PFLAG NATIONAL Washington, DC	DONATION TO CHARITY	$5,000
ADVOCATES FOR TRANS EQUALITY New York, NY	DONATION TO CHARITY	$5,000
POINT OF PRIDE Eugene, OR	DONATION TO CHARITY	$5,000

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
Brian Gelber	President	—	—
Franklin Gelber	Vice President	—	—
Sandra Gelber	Secretary	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Lifetract Foundation?

Lifetract Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Chicago, IL. It holds $4K in total assets as of 2024.

How large is Lifetract Foundation?

As of 2024, Lifetract Foundation holds $4K in total assets with $590K in annual revenue. It awarded 8 grants totaling $590K in 2024.

Where does Lifetract Foundation operate?

Lifetract Foundation has awarded grants in Arizona, California, Colorado, District of Columbia, Illinois, New York, Oregon.

What size grants does Lifetract Foundation award?

In 2024, Lifetract Foundation awarded 8 grants totaling $590K — an average of about $74K per grant, based on its IRS Form 990 filings.

How much is Lifetract Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Lifetract Foundation reported a distributable amount of $361 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.