Maak Foundation
Maak Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Frankfort, IL. IRS filing data is available from 2020 through 2023. In 2023, it awarded 1 grant totaling $372K. Net investment income was $77K.
Key facts about Maak Foundation
In short: Maak Foundation gave $372K across 1 grant in 2023 (avg $372K), mostly in Illinois. Source: 2023 IRS Form 990-PF.
- EIN
- 01-0556625
- Latest 990 filing
- Form 990-PF, 2023
- Annual giving (2023)
- $372,300
- Grants made (2023)
- 1
- Average grant
- $372,300
- Median grant
- $372,300
- Primary geography
- Illinois (100% of itemized 2023 grant dollars)
Data from IRS Form 990-PF, 2023; updated September 2026.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$372K
+8.9% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$372K
+8.9% YoY
Under IRS private-foundation payout rules, Maak Foundation reported a distributable amount of $9K for 2023 — the minimum it must pay out in qualifying distributions.
How Maak Foundation gives
- Giving held roughly steady from 2020 to 2023 (−16%). Method
- In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2023 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2023
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| SEE STATEMENT ATTACHED Frankfort, IL | SEE STATEMENT ATTACHED | $372,300 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | — | $342,937 | $517,105 |
| Revenue | $46,238 | $163,944 | $102,970 |
| Expenses | $379,175 | $346,222 | $178,551 |
| Qualifying Distributions | $373,915 | $342,000 | — |
| Net Investment Income | $76,880 | $178,525 | $105,357 |
| Distributable Amount | $8,918 | $21,344 | $39,298 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2023
Leadership & Key People
Officers and directors from IRS filings
Maak Foundation's 2023 filing lists 3 officers; none of the 3 officers listed in 2023 report compensation.
Officers on the 2023 filing
Anne Albright
Treasurer - Part Time
On filings since 2020
No compensation reported
Elliott Friedman
Secretary - Part Time
On filings since 2020
No compensation reported
Katharine Albright
Secretary - Part Time
On filings since 2020
No compensation reported
Former officers (2)
- Former: Alice Albright (2020–2021) — Vice President - Part Time
- Former: Madeleine K. Albright (2020–2021) — President - Part Time
Data from IRS Form 990 filings, 2020–2023. "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 Maak Foundation
How much does Maak Foundation give each year?
Maak Foundation gave $372K across 1 grant in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $342K across 1 grant.
What is Maak Foundation?
Maak Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Frankfort, IL. It holds — in total assets as of 2023.
Where does Maak Foundation operate?
Maak Foundation has awarded grants in Illinois.
How much is Maak Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Maak Foundation reported a distributable amount of $9K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Maak Foundation's EIN?
Maak Foundation's EIN (Employer Identification Number) is 01-0556625. IRS Form 990 filing data is available on this page for 2020–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Maak Foundation by hand.
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