Misericordia Foundation
Purpose is to organize and implement fundraising programs with goal of making contributions to misericordia home.
Misericordia Foundation at a glance
In short: Misericordia Foundation gave $38.2M across 1 grant in 2025 (avg $38.2M), mostly in Illinois. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $38,165,250
- +1122.8% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $38,165,250
- +1122.8% vs 2024
- Median grant
- $38,165,250
- Total assets
- $837,464,222
- +653.3% vs 2024
- Primary geography
- Illinois (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Misericordia Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Misericordia Home ($38.2M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $1–5M range: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Misericordia Foundation gives
- Giving grew 1689% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $1.7M (2021) to $38.2M (2025). In 2025 it made 1 grant totaling $38.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Misericordia Home Chicago, IL | General Support | $38,165,250 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $837,464,222 | $59,437,046 | $40,815,090 | $38,165,250 | 1 | $18,756,072 |
| 2024 | $111,166,990 | $58,037,844 | $5,529,012 | $3,121,066 | 1 | $4,999,310 |
| 2023 | $53,817,365 | $39,114,468 | $9,703,580 | $8,217,808 | 1 | $748,772 |
| 2022 | $22,171,668 | $15,386,901 | $2,327,956 | $2,133,701 | 1 | $-13,671 |
| 2021 | $5,961,254 | $7,621,221 | $1,680,871 | $1,671,000 | 1 | $39 |
| 2020 | $20,904 | $1,878,840 | $1,897,592 | $1,887,588 | 1 | — |
About Misericordia Foundation
Based on IRS filings
Misericordia Foundation is a public charity focused on Human Services, based in Chicago, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $837.5M in total assets. In 2025, it awarded 1 grant totaling $38.2M. Net investment income was $18.8M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Misericordia Foundation is led by Lois Gates, Executive Director Director since 2025 (on filings since 2021); 4 of 12 officers listed in 2025 are compensated.
Officers on the 2025 filing
Lois Gates
Executive Director Director
Board President & CEO → Executive Director, 2024
Executive Director → Executive Director Director, 2025
On filings since 2021
40 hrs/week
$120K (2023) → $188K (2025)
Kevin Connelly
Executive Director
New on the 2025 filing
40 hrs/week
No compensation reported
S. Rosemary Connelly
Chairman
New on the 2025 filing
40 hrs/week
$75K (2025)
Peter Cullen-Conway
Director of Major Gifts
New on the 2025 filing
40 hrs/week
$143K (2025)
Jim Pam Capraro
Director
Chaircouple Elect → Director, 2024
On filings since 2020
1 hr/week
No compensation reported
Dan Walsh
Director
Vice President → Director, 2023
On filings since 2021
1 hr/week
No compensation reported
Deacon Gerald Keenan
Director
New on the 2025 filing
1 hr/week
No compensation reported
Ellen Mulaney
Director
New on the 2025 filing
1 hr/week
No compensation reported
Martha Floberg
Grant Writer
New on the 2025 filing
40 hrs/week
$106K (2025)
Brian Battle
Treasurer
On filings since 2021
1 hr/week
No compensation reported
Jennifer Fortner
Board Secretary
Director → Secretary, 2024
Secretary → Board Secretary, 2025
On filings since 2021
1 hr/week
No compensation reported
Carolyn Sheehan
CFO
New on the 2025 filing
40 hrs/week
No compensation reported
Former officers (26)
- Former: Elida Hernandez (2021–2025) — Director · Filing note: Ended 12/2024
- Former: Sister Rosemary Connelly (2021–2024) — Chairman
- Former: William McCarthy (2021–2023) — Secretary
- Former: Ann Wilson David Newcorn (2020) — Director
- Former: Barb Quantance (2020) — Director
- Former: Bill Laurie McCarthy (2020) — Mfa Chaircouple
- Former: Carol John Hanley (2020) — Director
- Former: Debbie Lasch Crane (2020) — Director
- Former: Deborah Early (2020) — Treasurer
- Former: Elliot Katie Kaufman (2020) — Director
- Former: Frank Dina (2020) — Director
- Former: Gayle Tom Zinger (2020) — Director
- Former: Gina & Ed Doherty (2020) — Director
- Former: Heidi Chester Trocha (2020) — Director
- Former: John Butler Lisa Masucci (2020) — Director
- Former: Julie Rob Carpenter (2020) — Director
- Former: Kathy Moore (2020) — Director
- Former: Mary Pat O'Brien (2020) — Director
- Former: Nancy Paul Otter (2020) — Director
- Former: Natalia Paul Kunzer (2020) — Director
- Former: Pat Bolin (2020) — Director
- Former: Sharon Jim Solomon (2020) — Past Mfa Chaircouple
- Former: Sue Nesbitt (2020) — Director
- Former: Sue Rick Ziesemer (2020) — Director
- Former: Tina Stiefel (2020) — Director
- Former: Tracie David Platt (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $188K, to Lois Gates (Exec DIR (End 04/25) DIR (Beg 04/25)). 4 officers or directors reported compensation on that filing.
Frequently asked questions about Misericordia Foundation
How much does Misericordia Foundation give each year?
Misericordia Foundation gave $38.2M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $3.1M across 1 grant.
How large is Misericordia Foundation?
Misericordia Foundation reported $837.5M in total assets on its 2025 IRS Form 990. Its revenue that year was $59.4M.
What is Misericordia Foundation?
Misericordia Foundation is a public charity focused on Human Services, based in Chicago, IL. It holds $837.5M in total assets as of 2025.
Where does Misericordia Foundation operate?
Misericordia Foundation has awarded grants in Illinois.
What is Misericordia Foundation's EIN?
Misericordia Foundation's EIN (Employer Identification Number) is 23-7285834. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 13, 2021)
- Added Form 990 for fiscal year 2025 (received by the IRS May 15, 2026)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 10, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS March 11, 2024)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Misericordia Foundation funds
Human Services Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Misericordia Foundation's focus areas in our free grants database
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Figures come from Misericordia 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.
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