Old Enterprise Foundation
Old Enterprise Foundation is a private foundation, based in Lebanon, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $257K in total assets. In 2025, it awarded 1 grant totaling $48K. Net investment income was $17K.
Old Enterprise Foundation at a glance
In short: Old Enterprise Foundation gave $48K across 1 grant in 2025 (avg $48K), mostly in Florida. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $48,000
- +5.8% vs 2024
- Grants made (2025)
- 1
- -50.0% vs 2024
- Average grant
- $48,000
- +111.6% vs 2024
- Median grant
- $48,000
- Total assets
- $256,621
- -5.1% vs 2024
- Primary geography
- Florida (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 Old Enterprise Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Charles Schwab Donor Advised Fund ($48K).
Grant Size Distribution
19 grants across all recorded years
The most common grant size was under $50K: 19 grants of 19 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
How Old Enterprise Foundation gives
- Giving grew 132% from 2022 to 2025. Method
- In 2025 it paid out 98% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 $21K (2022) to $48K (2025). In 2025 it made 1 grant totaling $48K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Charles Schwab Donor Advised Fund Orlando, FL | To put into a daf and then sent out donations | $48,000 |
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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 | $256,621 | $37,497 | $49,733 | $48,000 | 1 | $48,000 | $17,497 | $48,992 |
| 2024 | $270,551 | $139,635 | $47,096 | $45,364 | 2 | $45,364 | $120,235 | $41,324 |
| 2023 | $178,102 | $39,689 | $43,613 | $41,600 | 2 | $41,600 | $29,188 | $36,378 |
| 2022 | $182,342 | $21,409 | $22,231 | $20,650 | 6 | $20,650 | $3,596 | $33,781 |
| 2021 | $183,214 | $64,460 | $45,596 | $44,016 | 8 | $44,016 | $19,705 | $34,582 |
| 2020 | $164,624 | $56,547 | $25,539 | $23,578 | 7 | — | $2,889 | $22,945 |
Under IRS private-foundation payout rules, Old Enterprise Foundation reported a distributable amount of $49K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Old Enterprise Foundation is led by Kelly Ellerbrake, V President & Director on every filing since 2020; none of the 6 officers listed in 2025 report compensation.
Officers on the 2025 filing
Kelly Ellerbrake
V President & Director
On filings since 2020
1 hr/week
No compensation reported
Stephen Ellerbrake
President & Director
Secretary & Director → President & Director, 2022
On filings since 2020
1 hr/week
No compensation reported
Christopher Ellerbrake
Treasurer & Director
V President & Director → Treasurer & Director, 2022
On filings since 2020
5 hrs/week
No compensation reported
Johann Ellerbrake
Director
V President & Director → Director, 2022
On filings since 2020
1 hr/week
No compensation reported
Richard Ellerbrake
Director
President & Director → Director, 2022
On filings since 2020
1 hr/week
No compensation reported
Morgan Ellerbrake
Secretary & Director
On filings since 2022
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 Old Enterprise Foundation
How much does Old Enterprise Foundation give each year?
Old Enterprise Foundation gave $48K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $45K across 2 grants.
How large is Old Enterprise Foundation?
Old Enterprise Foundation reported $257K in total assets on its 2025 IRS Form 990-PF. It paid out $48K in qualifying distributions that year, against a required minimum of $49K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Old Enterprise Foundation operate?
Old Enterprise Foundation has awarded grants in California, Florida, Illinois, Missouri, Nebraska, New York, Virginia.
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 14, 2026)
- IRS filings on file for fiscal years 2020–2024
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