Norris & Margaret Aldeen Foundation
Norris & Margaret Aldeen Foundation is a private foundation, based in Chicago, IL. IRS filing data is available from 2019 through 2024. In 2024, it awarded 2 grants totaling $595K. Net investment income was $9K.
Norris & Margaret Aldeen Foundation at a glance
In short: Norris & Margaret Aldeen Foundation gave $595K across 2 grants in 2024 (avg $297K), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $594,897
- +19.0% vs 2023
- Grants made (2024)
- 2
- +100.0% vs 2023
- Average grant
- $297,449
- -40.5% vs 2023
- Median grant
- $297,449
- Primary geography
- Illinois (87% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Norris & Margaret Aldeen Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Rockford Park District Foundation ($519K). Together the top 2 received $595K.
Grant Size Distribution
3 grants across all recorded years
The most common grant size was in the $500K–1M range: 2 grants of 3 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Norris & Margaret Aldeen Foundation gives
- In 2024 it paid out well above 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 2019 to 2024, annual grant giving ranged from $28K (2019) to $595K (2024). In 2024 it made 2 grants totaling $595K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Rockford Park District Foundation Rockford, IL | General | $518,602 |
| Fidelity Charitable DAF Boston, MA | General | $76,295 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | — | $13,633 | $603,034 | $594,897 | 2 | $598,951 | $8,726 | $8,068 |
| 2023 | $589,401 | $63,579 | $512,891 | $500,000 | 1 | $502,126 | $53,010 | $45,488 |
| 2022 | $1,040,738 | $44,931 | $23,011 | — | — | $1,808 | $27,887 | $53,869 |
| 2021 | $1,018,818 | $164,583 | $20,012 | — | — | $1,447 | $146,908 | $58,552 |
| 2020 | $874,143 | $-18,640 | $16,069 | — | — | — | — | $47,115 |
| 2019 | $908,654 | $61,884 | $65,003 | $27,500 | 1 | — | $48,189 | $46,102 |
Under IRS private-foundation payout rules, Norris & Margaret Aldeen Foundation reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Norris & Margaret Aldeen Foundation is led by William N. Aldeen, President on every filing since 2019; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
William N. Aldeen
President
On filings since 2019
No compensation reported
James Thiede
Trustee
On filings since 2019
No compensation reported
Leslie Frankfort
Trustee & Exdi
On filings since 2019
No compensation reported
Phil Frankfort
Trustee
On filings since 2019
No compensation reported
Timothy Gaffney
Trustee
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2024. "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 Norris & Margaret Aldeen Foundation
How much does Norris & Margaret Aldeen Foundation give each year?
Norris & Margaret Aldeen Foundation gave $595K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $500K across 1 grant.
Where does Norris & Margaret Aldeen Foundation operate?
Norris & Margaret Aldeen Foundation has awarded grants in Illinois, Massachusetts.
How much is Norris & Margaret Aldeen Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Norris & Margaret Aldeen Foundation reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Norris & Margaret Aldeen Foundation's EIN?
Norris & Margaret Aldeen Foundation's EIN (Employer Identification Number) is 36-4124505. IRS Form 990 filing data is available on this page for 2019–2024.
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 2019 (received by the IRS August 19, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 2, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 28, 2023)
- Added Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 9, 2025)
- IRS filings on file for fiscal years 2019–2024
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Figures come from Norris & Margaret Aldeen 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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