Old Enterprise Foundation
Old Enterprise Foundation is a private foundation, based in LEBANON, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $271K in total assets. In 2024, it awarded 2 grants totaling $45K. Net investment income was $120K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$271K
+51.9% YoY
Annual Giving
$45K
+9.0% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$23K
+9.0% YoY
Under IRS private-foundation payout rules, Old Enterprise Foundation reported a distributable amount of $41K for 2024 — the minimum it must pay out in qualifying distributions.
About Old Enterprise Foundation
Based on IRS filings
Old Enterprise Foundation is a private foundation, based in LEBANON, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $271K in total assets. In 2024, it awarded 2 grants totaling $45K. Net investment income was $120K.
Ready to take the next step with Old Enterprise Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $270,551 | $178,102 | $182,342 |
| Revenue | $139,635 | $39,689 | $21,409 |
| Expenses | $47,096 | $43,613 | $22,231 |
| Qualifying Distributions | $45,364 | $41,600 | $20,650 |
| Net Investment Income | $120,235 | $29,188 | $3,596 |
| Distributable Amount | $41,324 | $36,378 | $33,781 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Charles Schwab Donor Advised Fund ($44,864), Arbor Day Foundation ($500).
| Recipient | Purpose | Amount |
|---|---|---|
| ARBOR DAY FOUNDATION LINCOLN, NE | CHARITY | $500 |
| CHARLES SCHWAB DONOR ADVISED FUND ORLANDO, FL | TO PUT IN A DONATED FUNDS AND THEN SENT OUT DONATIONS | $44,864 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD ELLERBRAKE | DIR | 1 | — |
| JOHANN ELLERBRAKE | DIR | 1 | — |
| CHRISTOPHER ELLERBRAKE | TREAS/DIR | 5 | — |
| STEPHEN ELLERBRAKE | PRES/DIR | 1 | — |
| KELLY ELLERBRAKE | V PRES/DIR | 1 | — |
| MORGAN ELLERBRAKE | SEC/DIR | 1 | — |
Frequently Asked Questions
How large is Old Enterprise Foundation?
As of 2024, Old Enterprise Foundation holds $271K in total assets with $140K in annual revenue. It awarded 2 grants totaling $45K in 2024.
Where does Old Enterprise Foundation operate?
Old Enterprise Foundation has awarded grants in California, Florida, Illinois, Missouri, Nebraska, New York, Virginia.
What size grants does Old Enterprise Foundation award?
In 2024, Old Enterprise Foundation awarded 2 grants totaling $45K — an average of about $23K per grant, based on its IRS Form 990 filings.
How much is Old Enterprise Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Old Enterprise Foundation reported a distributable amount of $41K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Old Enterprise Foundation's EIN?
Old Enterprise Foundation's EIN (Employer Identification Number) is 37-1415792. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Old Enterprise 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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