Micole Foundation
Micole Foundation is a private foundation, based in Hawthorn Woods, IL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $3.9M in total assets. In 2025, it awarded 6 grants totaling $321K. Net investment income was $443K.
Micole Foundation at a glance
In short: Micole Foundation gave $321K across 6 grants in 2025 (avg $53K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $320,500
- +17.3% vs 2024
- Grants made (2025)
- 6
- +0.0% vs 2024
- Average grant
- $53,417
- +17.3% vs 2024
- Median grant
- $15,000
- Total assets
- $3,924,603
- +3.1% vs 2024
- Primary geography
- Illinois (86% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Micole Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Peggy Notebaert Nature Museum ($251K). Together the top 6 received $321K.
Grant Size Distribution
26 grants across all recorded years
The most common grant size was under $50K: 21 grants of 26 (81%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How Micole Foundation gives
- Giving fell 74% from 2022 to 2025. Method
- In 2025 it paid out 89% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $157K (2021) to $1.3M (2022). In 2025 it made 6 grants totaling $321K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Peggy Notebaert Nature Museum Chicago, IL | Charitable | $250,500 |
| Crystal Bridges Bentonville, AR | Community | $15,000 |
| Hope Chicago Chicag, IL | Charitable | $15,000 |
| Ranch Hand Rescue South Argyle, TX | Charitable | $15,000 |
| West Milwaukee Police Com Milwaukee, WI | Community | $15,000 |
| Chicago Botanical Garden Glencoe, IL | Charitable | $10,000 |
Ready to take the next step with Micole Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,924,603 | $538,120 | $421,616 | $320,500 | 6 | $322,227 | $443,015 | $360,541 |
| 2024 | $3,808,099 | $596,024 | $360,975 | $273,300 | 6 | $275,032 | $510,067 | $338,225 |
| 2023 | $3,573,050 | $387,189 | $358,894 | $275,000 | 6 | $278,470 | $306,765 | $292,894 |
| 2022 | $3,544,755 | $164,782 | $1,363,462 | $1,250,000 | 3 | $1,254,189 | $95,738 | $318,568 |
| 2021 | $4,743,435 | $1,232,578 | $245,336 | $156,500 | 5 | $158,778 | $955,415 | $340,098 |
| 2020 | $3,756,193 | $316,733 | $323,119 | $252,500 | 8 | — | $247,498 | $263,903 |
| 2019 | $3,762,579 | $147,251 | $417,666 | $348,500 | 11 | — | $71,324 | $269,082 |
Under IRS private-foundation payout rules, Micole Foundation reported a distributable amount of $361K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Micole Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Michelle Hawver
Trustee
On filings since 2019
1 hr/week
No compensation reported
Nicole Lacy
Trustee
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Micole Foundation
How much does Micole Foundation give each year?
Micole Foundation gave $321K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $273K across 6 grants.
What is Micole Foundation's typical grant size?
Micole Foundation's median grant in 2025 was $15,000, and its average grant was $53,417, across 6 grants on its 2025 IRS Form 990-PF.
Where does Micole Foundation give grants?
Micole Foundation gives mostly in Illinois: 86% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Micole Foundation give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on Micole Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (4 grants).
Who are Micole Foundation's largest grantees?
Micole Foundation's largest 2025 grantees include Peggy Notebaert Nature Museum ($250,500), Crystal Bridges ($15,000) and Hope Chicago ($15,000), according to its 2025 IRS Form 990-PF. Together they received 88% of its itemized 2025 grant dollars.
How large is Micole Foundation?
Micole Foundation reported $3.9M in total assets on its 2025 IRS Form 990-PF. It paid out $322K in qualifying distributions that year, against a required minimum of $361K (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.
What is Micole Foundation's EIN?
Micole Foundation's EIN (Employer Identification Number) is 36-7309675. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS June 5, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 25, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 18, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 7, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2019–2024
Live grants for the work Micole Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Micole Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
IBM International Foundation
Armonk, NY
The IBM International Foundation funds education and workforce programs that build 21st-century and technology job skills, including initiatives for underserved students and job seekers. Its 2024 grants ranged from $10,000 to $8.48 million, with a median of $100,000, and went to organizations across several U.S. states, especially Delaware and Massachusetts. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$357.7M
Grants
16
Total Given
$11.7M
Aetna Foundation Inc
Hartford, CT
Aetna Foundation supported health and wellness, access to health care, and related community needs; its 2021 grants ranged from $5,000 to $1 million, with a median of $40,000, and went to organizations across multiple states, especially in D.C. and Connecticut. Its 2021 filing was marked final, so it appears to have ended or be winding down grantmaking; that filing said there were no restrictions on who could apply and pointed applicants to its website for application materials.
Assets
—
Grants
65
Total Given
$7.2M
Apin Oberman Foundation
Roseville, CA
Assets
$531
Grants
0
Total Given
$100
Jerath Family Foundation
Chicago, IL
Assets
$14K
Grants
3
Total Given
$51K
Walgreens Foundation
Deerfield, IL
Assets
$25.2M
Grants
4
Total Given
$15.0M
Lund Family Foundation
La Canada, CA
Assets
$2.1M
Grants
5
Total Given
$322K
More similar funders
More Funders in Illinois
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Micole Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Micole Foundation down — hundreds of funders to go?