Peter & Paula Fasseas Foundation
The Peter & Paula Fasseas Foundation is a private foundation based in Chicago, Illinois. In its 2024 filing, it reported 17 grants totaling $2,927,688, supporting charitable organizations that include animal-welfare, education, health, and domestic-violence-service organizations.
Peter & Paula Fasseas Foundation at a glance
In short: Peter & Paula Fasseas Foundation gave $2.9M across 17 grants in 2024 (avg $172K), mostly in Illinois. 29% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $2,927,688
- +24.8% vs 2023
- Grants made (2024)
- 17
- -26.1% vs 2023
- Average grant
- $172,217
- +68.8% vs 2023
- Median grant
- $10,000
- Total assets
- $49,017,402
- +0.9% vs 2023
- New grantees (estimate)
- 29% first-time grantees (5 of 17, 2024; small sample)
- Primary geography
- Illinois (95% 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 Peter & Paula Fasseas 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: 77 E Walton St Apt 21A, Chicago, IL 60611
Phone: (773) 244-7022
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Peter & Paula Fasseas Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Paws Chicago ($2.7M). Together the top 10 received $2.9M.
Grant Size Distribution
107 grants across all recorded years
The most common grant size was under $50K: 92 grants of 107 (86%).
Geographic Focus
Where this funder awards grants
The 2024 grant dollars went primarily to organizations in Illinois (95%). The remaining shares were Florida (2%), Indiana (2%), and Arizona (1%); California accounted for 0%.
Grant Distribution by State
Share of 2024 grant dollars across all 17 itemized grants.
States
Cities
Is Peter & Paula Fasseas Foundation open to new grantees?
29%
first-time grantees, 2024
In 2024, 5 of 17 grantees (29%) were first-time recipients. With only 17 grantees, that is a small sample: one grantee more or less moves the share by about 6 points. First grants averaged $9K; repeat grants $240K. How we count
Medians: $5K first-time, $13K repeat.
- 24% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+3%). Method
- In 2024 it paid out 93% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 $2.1M (2020) to $3.3M (2022). In 2024 it made 17 grants totaling $2.9M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Paws Chicago Chicago, IL | Unrestricted General Operating Support | $2,661,280 |
| Culver Academies Culver, IN | Unrestricted General Operating Support | $50,000 |
| Lurie Cancer Center Chicago, IL | Unrestricted General Operating Support | $50,000 |
| Big Dog Ranch Rescue Loxahatchee Groves, FL | Unrestricted General Operating Support | $35,000 |
| Wings Program Inc Palatine, IL | Unrestricted General Operating Support | $34,000 |
| Tucson Wildlife Center Tucson, AZ | Unrestricted General Operating Support | $28,000 |
| Orthodox Christian Laity West Palm Beach, FL | Unrestricted General Operating Support | $15,000 |
| Chicago City Day School Chicago, IL | Unrestricted General Operating Support | $11,400 |
| Above and Beyond Family Recovery Center Foundation Chicago, IL | Unrestricted General Operating Support | $10,000 |
| Unconditional Rescue Laguna Beach, CA | Unrestricted General Operating Support | $10,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $49,017,402 | $5,297,708 | $3,609,465 | $2,927,688 | 17 | $3,425,084 | $5,128,838 | $3,699,452 |
| 2023 | $48,556,714 | $1,988,601 | $3,112,756 | $2,346,545 | 23 | $2,864,564 | $1,766,408 | $3,165,921 |
| 2022 | $48,987,688 | $2,585,797 | $3,955,835 | $3,334,854 | 22 | $3,732,949 | $2,362,911 | $3,132,807 |
| 2021 | $50,357,726 | $8,283,085 | $3,511,622 | $2,837,030 | 29 | $3,231,895 | $8,098,358 | $3,481,974 |
| 2020 | $45,582,920 | $5,008,911 | $2,620,658 | $2,056,377 | 16 | — | $4,866,356 | $2,852,406 |
Under IRS private-foundation payout rules, Peter & Paula Fasseas Foundation reported a distributable amount of $3.7M 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 show support for organizations working in several areas. PAWS Chicago describes its work as providing spay/neuter, medical, and adoption programs for homeless and at-risk pets. WINGS Program says it provides housing, services, education, and advocacy to end domestic violence. Tucson Wildlife Center describes its work as rescuing, treating, and rehabilitating wildlife, alongside education and habitat protection. Other recipients include Lurie Cancer Center, Culver Academies, and Chicago City Day School.
Grantmaking
In 2024, the foundation made 17 grants totaling $2,927,688. The grants ranged from $2,500 to $2,661,280, with a median grant of $10,000. Its largest grant was $2,661,280 to PAWS Chicago. Other notable grants were $50,000 each to Culver Academies and Lurie Cancer Center, $35,000 to Big Dog Ranch Rescue, and $34,000 to WINGS Program. The listed grants designated as unrestricted general operating support include these recipients.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Paula Fasseas as president. Directors are Alexis Fasseas, Drew Fasseas, Pam Carey, Anita Mauro, and Suzanne Lemignot.
Peter & Paula Fasseas Foundation is led by Paula Fasseas, President since 2023 (on filings since 2020); 2 of 6 officers listed in 2024 are compensated.
Officers on the 2024 filing
Paula Fasseas
President
Director → President, 2023
On filings since 2020
1 hr/week
No compensation reported
Alexis Fasseas
Director
On filings since 2020
30 hrs/week
$125K (2020) → $195K (2024)
Drew Fasseas
Director
On filings since 2020
30 hrs/week
$85K (2020) → $108K (2024)
Anita Mauro
Director
On filings since 2022
No compensation reported
Pam Carey
Director
On filings since 2022
No compensation reported
Suzanne Lemignot
Director
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (2)
- Former: George Karcazes (2022–2023) — Secretary
- Former: Peter Fasseas (2020) — President
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $195K, to Alexis Fasseas (Director). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Peter & Paula Fasseas Foundation
How much does Peter & Paula Fasseas Foundation give each year?
Peter & Paula Fasseas Foundation gave $2.9M across 17 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2.3M across 23 grants.
What is Peter & Paula Fasseas Foundation's typical grant size?
Peter & Paula Fasseas Foundation's median grant in 2024 was $10,000, and its average grant was $172,217, across 17 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Peter & Paula Fasseas Foundation that year got $9K on average.
Where does Peter & Paula Fasseas Foundation give grants?
Peter & Paula Fasseas Foundation gives mostly in Illinois: 95% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Chicago, IL (7 grants) and Tucson, AZ (2 grants).
Does Peter & Paula Fasseas Foundation give general operating support?
Yes: 100% of Peter & Paula Fasseas Foundation's 2024 grants with a stated purpose (17 of 17) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Peter & Paula Fasseas Foundation's largest grantees?
Peter & Paula Fasseas Foundation's largest 2024 grantees include Paws Chicago ($2,661,280), Culver Academies ($50,000) and Lurie Cancer Center ($50,000), according to its 2024 IRS Form 990-PF. Together they received 94% of its itemized 2024 grant dollars.
How large is Peter & Paula Fasseas Foundation?
Peter & Paula Fasseas Foundation reported $49.0M in total assets on its 2024 IRS Form 990-PF. It paid out $3.4M in qualifying distributions that year, against a required minimum of $3.7M (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.
What does Peter & Paula Fasseas Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants show support for organizations working in several areas. PAWS Chicago describes its work as providing spay/neuter, medical, and adoption programs for homeless and at-risk pets. See mission & focus areas ↑
How do I apply for a grant from Peter & Paula Fasseas 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 Peter & Paula Fasseas Foundation's EIN?
Peter & Paula Fasseas Foundation's EIN (Employer Identification Number) is 36-4010374. IRS Form 990 filing data is available on this page for 2020–2024.
Does Peter & Paula Fasseas 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
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 13, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Peter & Paula Fasseas Foundation funds
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Cite this profile
Grantable. (2026). Peter & Paula Fasseas Foundation funder profile. GrantGraph. Retrieved October 17, 2026, from https://grantable.co/funders/peter-and-paula-fasseas-foundation-morg_bb158030449f4852bfe81eda823da19e
BibTeX
@misc{grantable_364010374_2026,
author = {{Grantable}},
title = {{Peter \& Paula Fasseas Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/peter-and-paula-fasseas-foundation-morg_bb158030449f4852bfe81eda823da19e},
note = {Accessed 2026-10-17. 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 Peter & Paula Fasseas 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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