The Peggy and Steve Fossett Foundation is a private foundation based in Chicago, Illinois (with operations in Homer Glen, IL). Established in 2007, it operates as a 501(c)(3) tax-exempt organization classified under Science and Technology Research Institutes and Marine Science and Oceanography.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$21.4M
+1.0% YoY
Annual Giving
$1.4M
+12.7% YoY
Grant Count
55
+12.2% YoY
Avg Grant Size
$26K
+0.4% YoY
Mission & Focus Areas
The foundation's stated purpose is to invest contributions in securities and interest-bearing accounts while programs are being developed by the foundation's directors. Primary funding areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
The foundation made an additional 32 grants totaling $922,900 in 2024.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Illinois, Missouri, and New York.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $21,365,698
- Total Revenue: $1,993,945
- Total Expenses: $1,772,406
- Total Liabilities: $0
- Number of Employees: 1
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $21,365,698 | $21,144,159 | $21,498,313 |
| Revenue | $1,993,945 | $1,242,748 | $951,751 |
| Expenses | $1,772,406 | $1,596,902 | $1,573,092 |
| Qualifying Distributions | $1,421,300 | $1,261,180 | $1,242,500 |
| Net Investment Income | $1,742,160 | $1,002,933 | $621,159 |
| Distributable Amount | $1,411,676 | $1,261,875 | $1,264,491 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
210 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID MAIER | PRESIDENT/SECRETARY/TREASU | 40 | $154,000 |
| ABRAHAM J STERN | CHAIRMAN/DIRECTOR | 1 | — |
| STEVEN BLONDER | DIRECTOR | 1 | — |
| ROXANNE SULLIVAN | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has supported significant aviation-related projects, including a $1 million challenge grant to the Salina Aviation Museum project.
Salina Air Museum Receives Million Dollar GrantSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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