Owen L Coon Foundation
Owen L Coon Foundation is a private foundation, based in Chicago, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $11.6M in total assets. In 2025, it awarded 3 grants totaling $450K. Net investment income was $965K.
Owen L Coon Foundation at a glance
In short: Owen L Coon Foundation gave $450K across 3 grants in 2025 (avg $150K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $450,000
- +12.5% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $150,000
- +12.5% vs 2024
- Median grant
- $75,000
- Total assets
- $11,553,440
- +5.2% 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 Owen L Coon Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Northshore University Healthsystem ($400K across 2 grants). Together the top 2 received $450K.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was in the $50–100K range: 5 grants of 11 (45%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How Owen L Coon Foundation gives
- Giving grew 500% from 2022 to 2025. Method
- In 2025 it paid out 101% 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 $75K (2022) to $628K (2021). In 2025 it made 3 grants totaling $450K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Northshore University Healthsystem Evanston, IL | Division of Integrative Medicine | $325,000 |
| Northshore University Healthsystem Evanston, IL | Group Medicine Visits Program | $75,000 |
| Northwestern University Evanston, IL | Owen L Coon Debate Tournament | $50,000 |
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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 | $11,553,440 | $1,072,085 | $669,566 | $450,000 | 3 | $549,396 | $965,333 | $543,495 |
| 2024 | $10,985,657 | $672,747 | $631,804 | $400,000 | 3 | $522,627 | $571,473 | $531,306 |
| 2023 | $10,338,851 | $768,404 | $507,771 | $325,000 | 2 | $401,783 | $671,790 | $485,893 |
| 2022 | $10,087,636 | $609,708 | $193,581 | $75,000 | 1 | $103,389 | $526,882 | $491,298 |
| 2021 | $11,074,106 | $1,034,011 | $1,808,372 | $628,000 | 2 | $654,371 | $952,406 | $508,774 |
| 2020 | $10,006,919 | $399,459 | $368,409 | $252,000 | 2 | — | $320,344 | $452,407 |
Under IRS private-foundation payout rules, Owen L Coon Foundation reported a distributable amount of $543K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Owen L Coon Foundation is led by Elizabeth Coon Martin, President & Director on every filing since 2020; 1 of 7 officers listed in 2025 is compensated.
Officers on the 2025 filing
Elizabeth Coon Martin
President & Director
On filings since 2020
10 hrs/week
$60K (2024) → $60K (2025)
Erik R. Segall
Secretary & Director
On filings since 2020
1 hr/week
No compensation reported
Greg Berner
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Philip R. Briggs
Vice President & Director
On filings since 2020
0.5 hrs/week
No compensation reported
Sara Cavaney
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Westley Latka
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Richard D. Boonstra
Treasurer
On filings since 2023
1 hr/week
No compensation reported
Former officers (2)
- Former: David A. Herpe (2020–2022) — Treasurer
- Former: Owen L. Coon III (2020–2021) — Director
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $60K, to Elizabeth Coon Martin (President/Director).
Frequently asked questions about Owen L Coon Foundation
How much does Owen L Coon Foundation give each year?
Owen L Coon Foundation gave $450K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $400K across 3 grants.
What is Owen L Coon Foundation's typical grant size?
Owen L Coon Foundation's median grant in 2025 was $75,000, and its average grant was $150,000, across 3 grants on its 2025 IRS Form 990-PF.
Where does Owen L Coon Foundation give grants?
Owen L Coon Foundation gives mostly in Illinois: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Evanston, IL (3 grants).
Does Owen L Coon Foundation give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Owen L Coon Foundation's 2025 IRS Form 990-PF were described as general or operating support.
How large is Owen L Coon Foundation?
Owen L Coon Foundation reported $11.6M in total assets on its 2025 IRS Form 990-PF. It paid out $549K in qualifying distributions that year, against a required minimum of $543K (roughly 5% of its investment assets).
What is Owen L Coon Foundation's EIN?
Owen L Coon Foundation's EIN (Employer Identification Number) is 36-6066907. 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 June 25, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS June 6, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 13, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS June 11, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 18, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
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Figures come from Owen L Coon 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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