Michael & Karyn Lutz Family Foundation
Michael & Karyn Lutz Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORTHBROOK, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $19.7M in total assets. In 2024, it awarded 1 grants totaling $906K. Net investment income was $4.1M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$19.7M
+19.2% YoY
Annual Giving
$906K
+0.8% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$906K
+0.8% YoY
About Michael & Karyn Lutz Family Foundation
Based on IRS filings
Michael & Karyn Lutz Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORTHBROOK, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $19.7M in total assets. In 2024, it awarded 1 grants totaling $906K. Net investment income was $4.1M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $19,668,955 | $16,500,010 | $17,124,264 |
| Revenue | $4,170,334 | $382,792 | $702,916 |
| Expenses | $1,098,015 | $1,007,834 | $1,084,139 |
| Qualifying Distributions | $914,992 | $904,242 | $972,595 |
| Net Investment Income | $4,065,311 | $420,619 | $599,372 |
| Distributable Amount | $951,486 | $903,202 | $914,983 |
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
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KARYN LUTZ | CO-TRUSTEE | — | — |
| LINDSAY DOLNICK | CO-TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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