Meg and Tim Callahan Family Foundation
The Meg and Tim Callahan Family Foundation is a private foundation based in Chicago, Illinois. The organization is located at 9 W Walton St Apt 2002, Chicago, IL 60610. The foundation was granted tax-exempt status in January 2007.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$4.9M
+2951.4% YoY
Grant Count
1
-94.4% YoY
Avg Grant Size
$4.9M
+54825.9% YoY
Under IRS private-foundation payout rules, Meg and Tim Callahan Family Foundation reported a distributable amount of $42K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding focus areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Massachusetts.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Giving (2023 Tax Year):
- Total assets: $4.8 million
- Total distributions: $172,000
- Total contributions received: $994,000
Note: The foundation filed a final return as of 2024, indicating a change in operational status.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | $4,818,670 | $3,669,720 |
| Revenue | $-90,263 | $1,348,785 | $43,051 |
| Expenses | $4,903,613 | $199,835 | $288,217 |
| Qualifying Distributions | $4,891,860 | $171,607 | $252,126 |
| Net Investment Income | — | $328,534 | $60,064 |
| Distributable Amount | $42,432 | $186,535 | $180,553 |
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 2024
Grant Size Distribution
86 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Fidelity Investments Charitable Gift Fund - Echo Fund ($4,880,773).
| Recipient | Purpose | Amount |
|---|---|---|
| FIDELITY INVESTMENTS CHARITABLE GIFT FUND - ECHO FUND BOSTON, MA | GENERAL SUPPORT | $4,880,773 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation's leadership includes:
- Tim Callahan – Director, Chair of the Board
- Meg Callahan – Secretary, Director, Vice President
- Justin Bristol – Director, President, Treasurer
- Caroline Callahan Bristol – Director
- Chelsea Starr Callahan Huson – Director
All listed officers work one hour per week and receive no compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JUSTIN BRISTOL | PRESIDENT | 1 | — |
| MEG CALLAHAN | VICE PRESIDENT | 1 | — |
| TIM CALLAHAN | DIRECTOR | 1 | — |
| CAROLINE CALLAHAN BRISTOL | DIRECTOR | 1 | — |
| CHELSEA STARR CALLAHAN HUSON | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Meg and Tim Callahan Family Foundation fund?
The foundation's primary funding focus areas include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services
How do I apply for a grant from Meg and Tim Callahan Family Foundation?
**Grant Activity:** • Total giving: $4,880,773 (as of most recent filing) • Typical award range: $100–$4,880,773 • Median grant amount: $4,000 • Maximum grant amount: $50,000 • Grant count: 18 grants (as of 2023 tax year) **Recent Distributions:** • 2023 distributions: $172,000 • 2023 contributions received: $994,000
Where does Meg and Tim Callahan Family Foundation make grants?
The foundation primarily funds organizations in Massachusetts.
What size grants does Meg and Tim Callahan Family Foundation award?
In 2024, Meg and Tim Callahan Family Foundation awarded 1 grants totaling $4.9M — an average of about $4.9M per grant, based on its IRS Form 990 filings.
How much is Meg and Tim Callahan Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Meg and Tim Callahan Family Foundation reported a distributable amount of $42K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Meg and Tim Callahan Family Foundation's EIN?
Meg and Tim Callahan Family Foundation's EIN (Employer Identification Number) is 86-1173527. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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