Novus Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $27K in total assets. In 2024, it awarded 1 grants totaling $2K. Net investment income was $28.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$27K
+0.0% YoY
Annual Giving
$2K
+0.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$2K
+0.0% YoY
Under IRS private-foundation payout rules, Novus Foundation reported a distributable amount of $1K for 2024 — the minimum it must pay out in qualifying distributions.
About Novus Foundation
Based on IRS filings
Novus Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $27K in total assets. In 2024, it awarded 1 grants totaling $2K. Net investment income was $28.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $27,397 | $27,384 | $27,372 |
| Revenue | $2,028 | $2,027 | $2,015 |
| Expenses | $2,015 | $2,015 | $2,015 |
| Qualifying Distributions | $2,015 | $2,015 | $2,015 |
| Net Investment Income | $28 | $27 | $15 |
| Distributable Amount | $1,349 | $1,352 | $1,348 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lift Foundation ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Lift Foundation Chicago, IL | Educate and Develop Leadership in India | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Raymond E Bayley | Director | 2 | — |
| Lois A Haubold | Director | 2 | — |
| James K Byron | Director | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Novus Foundation?
Novus Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. It holds $27K in total assets as of 2024.
How large is Novus Foundation?
As of 2024, Novus Foundation holds $27K in total assets with $2K in annual revenue. It awarded 1 grants totaling $2K in 2024.
Where does Novus Foundation operate?
Novus Foundation has awarded grants in Illinois.
What size grants does Novus Foundation award?
In 2024, Novus Foundation awarded 1 grants totaling $2K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Novus Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Novus Foundation reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Novus Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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