Noel Foundation
Noel Foundation is a private foundation, based in Champaign, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $266K in total assets. In 2025, it awarded 7 grants totaling $124K. Net investment income was $61K.
Noel Foundation at a glance
In short: Noel Foundation gave $124K across 7 grants in 2025 (avg $18K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $124,000
- +10.2% vs 2024
- Grants made (2025)
- 7
- +16.7% vs 2024
- Average grant
- $17,714
- -5.5% vs 2024
- Median grant
- $20,000
- Total assets
- $266,314
- -20.9% vs 2024
- Primary geography
- Illinois (100% 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 Noel Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was United Way ($38K). Together the top 7 received $124K.
Grant Size Distribution
33 grants across all recorded years
The most common grant size was under $50K: 33 grants of 33 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
States
Cities
How Noel Foundation gives
- Giving grew 164% from 2022 to 2025. Method
- In 2025 it paid out 102% of its IRS minimum distribution (the 5% rule). 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 2020 to 2025, annual grant giving ranged from $44K (2021) to $124K (2025). In 2025 it made 7 grants totaling $124K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| United Way Champaign, IL | General Support | $38,000 |
| Community Foundation of East Central IL Aign, IL | General Support | $28,000 |
| Cunningham Children's Home Urbana, IL | General Support | $23,000 |
| National Kidney Foundation of IL Chicago IL, IL | General Support | $20,000 |
| Champaign Parks Champaign, IL | General Support | $10,000 |
| Don Moyer Club Champaign, IL | General Support | $3,000 |
| C-U Schools Foundation Champi, IL | General Support | $2,000 |
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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 | $266,314 | $59,087 | $129,422 | $124,000 | 7 | $125,365 | $60,512 | $123,222 |
| 2024 | $336,649 | $89,674 | $117,707 | $112,500 | 6 | $113,675 | $88,514 | $124,530 |
| 2023 | $364,682 | $178,302 | $81,958 | $79,500 | 8 | $81,080 | $176,722 | $113,520 |
| 2022 | $268,338 | $58,547 | $49,655 | $47,000 | 6 | $48,850 | $56,697 | $113,150 |
| 2021 | $259,446 | $54,829 | $46,453 | $44,000 | 6 | $45,995 | $52,834 | $102,579 |
| 2020 | $251,070 | $52,615 | $49,010 | $46,000 | 6 | — | $50,630 | $88,115 |
Under IRS private-foundation payout rules, Noel Foundation reported a distributable amount of $123K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Noel Foundation is led by Richard M. Noel, President since 2024 (on filings since 2020); none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Richard M. Noel
President
Director & President → President, 2024
On filings since 2020
4 hrs/week
No compensation reported
Vince Noel
Director
On filings since 2020
1 hr/week
No compensation reported
Mary Noel
Secretary
Director & Secretary → Secretary, 2024
On filings since 2020
1 hr/week
No compensation reported
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.
Frequently asked questions about Noel Foundation
How much does Noel Foundation give each year?
Noel Foundation gave $124K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $113K across 6 grants.
What is Noel Foundation's typical grant size?
Noel Foundation's median grant in 2025 was $20,000, and its average grant was $17,714, across 7 grants on its 2025 IRS Form 990-PF.
Where does Noel Foundation give grants?
Noel Foundation gives mostly in Illinois: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Champaign, IL (3 grants).
Does Noel Foundation give general operating support?
Yes: 100% of Noel Foundation's 2025 grants with a stated purpose (7 of 7) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Noel Foundation's largest grantees?
Noel Foundation's largest 2025 grantees include United Way ($38,000), Community Foundation of East Central IL ($28,000) and Cunningham Children's Home ($23,000), according to its 2025 IRS Form 990-PF. Together they received 72% of its itemized 2025 grant dollars.
How large is Noel Foundation?
Noel Foundation reported $266K in total assets on its 2025 IRS Form 990-PF. It paid out $125K in qualifying distributions that year, against a required minimum of $123K (roughly 5% of its investment assets).
What is Noel Foundation's EIN?
Noel Foundation's EIN (Employer Identification Number) is 37-1101276. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 7, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 2, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 28, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 8, 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 11, 2026)
- IRS filings on file for fiscal years 2020–2024
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