Novus Foundation
Novus Foundation is a private foundation, based in Chicago, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $27K in total assets. In 2025, it awarded 1 grant totaling $2K. Net investment income was $24.
Novus Foundation at a glance
In short: Novus Foundation gave $2K across 1 grant in 2025 (avg $2K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $2,000
- +0.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $2,000
- +0.0% vs 2024
- Median grant
- $2,000
- Total assets
- $27,378
- -0.1% 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 Novus Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Lift Foundation ($2K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
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 Novus Foundation gives
- Giving held roughly steady from 2022 to 2025 (+0%). Method
- In 2025 it paid out 150% 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 $2K (2021) to $4K (2020). In 2025 it made 1 grant totaling $2K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Lift Foundation Chicago, IL | Educate and Develop Leadership in India | $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 | $27,378 | $2,024 | $2,043 | $2,000 | 1 | $2,043 | $24 | $1,361 |
| 2024 | $27,397 | $2,028 | $2,015 | $2,000 | 1 | $2,015 | $28 | $1,349 |
| 2023 | $27,384 | $2,027 | $2,015 | $2,000 | 1 | $2,015 | $27 | $1,352 |
| 2022 | $27,372 | $2,015 | $2,015 | $2,000 | 1 | $2,015 | $15 | $1,348 |
| 2021 | $27,372 | $2,005 | $2,015 | $2,000 | 1 | $2,015 | $5 | $1,348 |
| 2020 | $27,382 | $4,059 | $4,015 | $4,000 | 2 | — | $9 | $1,353 |
Under IRS private-foundation payout rules, Novus Foundation reported a distributable amount of $1K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Novus Foundation's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
James K Byron
Director
On filings since 2020
2 hrs/week
No compensation reported
Lois A Haubold
Director
On filings since 2020
2 hrs/week
No compensation reported
Raymond E Bayley
Director
On filings since 2020
2 hrs/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 Novus Foundation
How much does Novus Foundation give each year?
Novus Foundation gave $2K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $2K across 1 grant.
How large is Novus Foundation?
Novus Foundation reported $27K in total assets on its 2025 IRS Form 990-PF. It paid out $2K in qualifying distributions that year, against a required minimum of $1K (roughly 5% of its investment assets).
Where does Novus Foundation operate?
Novus Foundation has awarded grants in Illinois.
What is Novus Foundation's EIN?
Novus Foundation's EIN (Employer Identification Number) is 20-8123037. 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 5, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 27, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 18, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 27, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 22, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 20, 2026)
- IRS filings on file for fiscal years 2020–2025
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