Peter & Paula Fasseas Foundation
The Peter & Paula Fasseas Foundation is a private foundation established in 1995 and based in Chicago, Illinois. The foundation makes contributions to other charitable organizations, operating with a staff of two employees. It is a 501(c)(3) organization with tax-exempt status since January 1996.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$2.9M
+24.8% YoY
Grant Count
17
-26.1% YoY
Avg Grant Size
$172K
+68.8% YoY
Mission & Focus Areas
The foundation's purpose is to make contributions to other charitable organizations. Primary funding areas include:
- Animal Welfare: Animal rescue and welfare organizations
- Health: Cancer research and hospitals
- Education: Educational organizations and youth programs
- Philanthropy & Grantmaking: Support for charitable causes
Grantmaking
The foundation made 33 grants in 2024. Recent major grants include:
Grant Types
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Geographic Focus
Where this funder awards grants
The foundation funds organizations primarily in:
- Illinois (primary focus)
- Florida
- Arizona
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $49,017,402
- Total Revenues: $5,297,708
- Total Expenses: $3,609,465
- Total Giving: $2,927,688
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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
107 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Personnel:
- Alexis Fasseas – Director (compensation: $195,000 as of 2023)
- Drew Fasseas – Director (compensation: $98,000 as of 2023)
Founders:
- Peter Fasseas – Co-founder; holds a law degree from Northwestern University. In the late 1970s, he and Paula leveraged their home to purchase North Community Bank, which grew into the Metropolitan Bank Group, now operating as Byline Bank.
- Paula Fasseas – Co-founder; holds an MBA from the University of Chicago. In 1998, Peter and Paula founded PAWS Chicago, the largest no-kill humane animal rescue organization in Chicago.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAULA FASSEAS | PRESIDENT | 1 | — |
| ALEXIS FASSEAS | DIRECTOR | 30 | $195,000 |
| DREW FASSEAS | DIRECTOR | 30 | $108,000 |
| PAM CAREY | DIRECTOR | — | — |
| ANITA MAURO | DIRECTOR | — | — |
| SUZANNE LEMIGNOT | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
Paula Fasseas was named Chicagoan of the Year in recognition of her work as founder of PAWS Chicago. The foundation continues to provide significant support to PAWS Chicago, which remains a primary focus of the foundation's grantmaking.
Peter And Paula Fasseas Foundation - Full Filing - Nonprofit ExplorerSubject 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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