Otto Baum Company Inc Foundation
Otto Baum Company Inc Foundation is a private foundation based in Morton, Illinois. Its 2024 filing reports grants to charitable organizations, with most grant dollars going to recipients in Illinois.
Otto Baum Company Inc Foundation at a glance
In short: Otto Baum Company Inc Foundation gave $57K across 48 grants in 2024 (avg $1K), mostly in Illinois. 71% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $57,100
- +101.9% vs 2023
- Grants made (2024)
- 48
- +41.2% vs 2023
- Average grant
- $1,190
- +43.0% vs 2023
- Median grant
- $500
- Total assets
- $193,326
- +29.2% vs 2023
- New grantees (estimate)
- 71% first-time grantees (34 of 48, 2024)
- Primary geography
- Illinois (89% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Otto Baum Company Inc Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 866 N Main Street, Morton, IL 61550
Phone: (309) 263-0808
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Otto Baum Company Inc Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Goodwill Industries of Central Illinois ($10K). Together the top 10 received $37K.
Grant Size Distribution
160 grants across all recorded years
The most common grant size was under $50K: 160 grants of 160 (100%).
Geographic Focus
Where this funder awards grants
In 2024, 89% of grant dollars went to recipients in Illinois. The remaining reported shares were Tennessee (4%), Florida (4%), South Carolina (3%), and Indiana (1%).
Grant Distribution by State
Share of 2024 grant dollars across all 48 itemized grants.
Cities
Is Otto Baum Company Inc Foundation open to new grantees?
71%
first-time grantees, 2024
In 2024, 34 of 48 grantees (71%) were first-time recipients. First grants averaged $1K; repeat grants $900. How we count
Medians: $500 first-time, $500 repeat.
- 27% of 2024 grantees were also funded in 2023. Method
- Giving grew 108% from 2021 to 2024. Method
- In 2024 it paid out 882% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $10K (2020) to $57K (2024). In 2024 it made 48 grants totaling $57K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Goodwill Industries of Central Illinois Peoria, IL | General Support | $10,000 |
| OSF Healthcare System Peoria, IL | General Support | $6,500 |
| SkillsUSA Illinois Pekin, IL | General Support | $5,000 |
| Carle Development Foundation Urbana, IL | General Support | $2,500 |
| Easterseals Central Illinois Peoria, IL | General Support | $2,500 |
| Oak Ridge Outdoor Foundation Tremont, IL | General Support | $2,500 |
| Illinois CancerCare Foundation Peoria, IL | General Support | $2,000 |
| Jon Denzer Bear Hug Foundation Naples, FL | General Support | $2,000 |
| St Jude Children's Research Hospital Memphis, TN | General Support | $1,850 |
| Junior Achievement of Central Illinois East Peoria, IL | General Support | $1,700 |
Ready to take the next step with Otto Baum Company Inc Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $193,326 | $100,750 | $57,100 | $57,100 | 48 | $52,050 | $5,901 |
| 2023 | $149,676 | $125,000 | $28,470 | $28,275 | 34 | $28,290 | — |
| 2022 | $53,146 | $4,000 | $33,165 | $33,150 | 37 | $15 | — |
| 2021 | $81,761 | $50,000 | $27,440 | $27,425 | 27 | $27,440 | — |
| 2020 | $59,201 | $50,000 | $10,250 | $10,225 | 14 | — | — |
Under IRS private-foundation payout rules, Otto Baum Company Inc Foundation reported a distributable amount of $6K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants supported organizations working in areas including employment and job-skills training, health care and medical research, services for children with disabilities, outdoor education, cancer support, and youth financial literacy and work readiness. These are descriptions of the grantees’ work, not stated focus areas of the foundation.
Grantmaking
In 2024, the foundation made 48 grants totaling $57,100. Grant amounts ranged from $100 to $10,000, with a median of $500. The largest grants included Goodwill Industries of Central Illinois ($10,000), OSF Healthcare System ($6,500), and SkillsUSA Illinois ($5,000). Other grants included $2,500 each to Carle Development Foundation, Easterseals Central Illinois, and Oak Ridge Outdoor Foundation.
Leadership & Key People
Officers and directors from IRS filings
Otto Baum Company Inc Foundation is led by Terry Baum, President & Director on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Terry Baum
President & Director
On filings since 2020
1 hr/week
No compensation reported
Jedd Rocke
Secretary & Director
On filings since 2020
1 hr/week
No compensation reported
Scott Wallace
Treasurer & Director
On filings since 2020
1 hr/week
No compensation reported
Stephanie Cobb
Vice President & Director
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Otto Baum Company Inc Foundation
How much does Otto Baum Company Inc Foundation give each year?
Otto Baum Company Inc Foundation gave $57K across 48 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $28K across 34 grants.
What is Otto Baum Company Inc Foundation's typical grant size?
Otto Baum Company Inc Foundation's median grant in 2024 was $500, and its average grant was $1,190, across 48 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Otto Baum Company Inc Foundation that year got $1K on average.
Where does Otto Baum Company Inc Foundation give grants?
Otto Baum Company Inc Foundation gives mostly in Illinois: 89% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Peoria, IL (16 grants), Pekin, IL (4 grants), Morton, IL (3 grants) and East Peoria, IL (2 grants).
Does Otto Baum Company Inc Foundation give general operating support?
Yes: 100% of Otto Baum Company Inc Foundation's 2024 grants with a stated purpose (48 of 48) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Otto Baum Company Inc Foundation's largest grantees?
Otto Baum Company Inc Foundation's largest 2024 grantees include Goodwill Industries of Central Illinois ($10,000), OSF Healthcare System ($6,500) and SkillsUSA Illinois ($5,000), according to its 2024 IRS Form 990-PF. Together they received 38% of its itemized 2024 grant dollars.
How large is Otto Baum Company Inc Foundation?
Otto Baum Company Inc Foundation reported $193K in total assets on its 2024 IRS Form 990-PF. It paid out $52K in qualifying distributions that year, against a required minimum of $6K (roughly 5% of its investment assets).
What does Otto Baum Company Inc Foundation fund?
No mission statement for the foundation is provided. See mission & focus areas ↑
How do I apply for a grant from Otto Baum Company Inc Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Otto Baum Company Inc Foundation's EIN?
Otto Baum Company Inc Foundation's EIN (Employer Identification Number) is 37-1376985. IRS Form 990 filing data is available on this page for 2020–2024.
Does Otto Baum Company Inc Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Otto Baum Company Inc Foundation funder profile. GrantGraph. Retrieved October 13, 2026, from https://grantable.co/funders/otto-baum-company-inc-foundation-morg_a0c5cee7b7a248cb8227bb7327007eaa
BibTeX
@misc{grantable_371376985_2026,
author = {{Grantable}},
title = {{Otto Baum Company Inc Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/otto-baum-company-inc-foundation-morg_a0c5cee7b7a248cb8227bb7327007eaa},
note = {Accessed 2026-10-13. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Otto Baum Company Inc 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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