Margot M Michalec Foundation

Private foundation · Grantmaker Lagrange, IL EIN: 35-2549730

Margot M Michalec Foundation is a private foundation, based in Lagrange, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 2 grants totaling $67K. Net investment income was $63K.

Key facts about Margot M Michalec Foundation

In short: Margot M Michalec Foundation gave $67K across 2 grants in 2024 (avg $34K), mostly in Illinois. Source: 2024 IRS Form 990-PF.

EIN
35-2549730
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$67,179
Grants made (2024)
2
Average grant
$33,590
Median grant
$33,590
Total assets
$1,981,025
Primary geography
Illinois (100% of itemized 2024 grant dollars)

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

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.0M

-0.2% YoY

Annual Giving

$67K

Grant Count

2

Avg Grant Size

$34K

Under IRS private-foundation payout rules, Margot M Michalec Foundation reported a distributable amount of $117K for 2024 — the minimum it must pay out in qualifying distributions.

How Margot M Michalec Foundation gives

  • Giving fell 64% from 2021 to 2024. Method
  • In 2024 it paid out 78% 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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2024 grant dollars across all 2 itemized grants.

States

Cities

EvanstonLombardAvailable Upon Request

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K$200K1 grant2020 1 grant2021 0 grants2023 2 grants2024

From 2020 to 2024, annual grant giving ranged from $67K (2024) to $185K (2021). In 2024 it made 2 grants totaling $67K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

CSA Fraternal Life: $60KCSA Fraternal Life$60KNorthwestern University: $7KNorthwestern University$7K

The largest 2024 recipient was CSA Fraternal Life ($60K). Together the top 2 received $67K.

Grant Size Distribution

4 grants across all recorded years

1<$50K1$50–100K2$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $100–250K range: 2 grants of 4 (50%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
CSA Fraternal Life Lombard, ILScholarship$60,461
Northwestern University Evanston, ILScholarship$6,718

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K2020 2021 2023 2024
Metric202420232021
Total Assets$1,981,025$1,984,334$2,012,624
Revenue$88,853$70,553$101,038
Expenses$93,804$21,968$210,404
Qualifying Distributions$91,227$20,342$198,351
Net Investment Income$62,886$48,518$88,985
Distributable Amount$117,028$105,923$125,346

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 7, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
  3. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Margot M Michalec Foundation's only listed officer is Fnbc Bank & Trust, Trustee on every filing since 2020 (compensated).

Officers on the 2024 filing

  • Fnbc Bank & Trust

    Trustee

    On filings since 2020

    1 hr/week

    $21K (2020) → $24K (2024)

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

FNBC Bank & Trust — Trustee: $24KFNBC Bank & TrustTrustee$24K

The highest reported compensation on the 2024 filing was $24K, to FNBC Bank & Trust (Trustee).

Frequently asked questions about Margot M Michalec Foundation

How much does Margot M Michalec Foundation give each year?

Margot M Michalec Foundation gave $67K across 2 grants in 2024, according to its 2024 IRS Form 990-PF.

How large is Margot M Michalec Foundation?

Margot M Michalec Foundation reported $2.0M in total assets on its 2024 IRS Form 990-PF. It paid out $91K in qualifying distributions that year, against a required minimum of $117K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

Where does Margot M Michalec Foundation operate?

Margot M Michalec Foundation has awarded grants in Illinois.

What is Margot M Michalec Foundation's EIN?

Margot M Michalec Foundation's EIN (Employer Identification Number) is 35-2549730. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated October 2026. Sourced from IRS Form 990-PF filings.

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