Philip H Corboy Foundation
The Philip H Corboy Foundation is a private foundation based in Chicago, Illinois. Its 2024 filing reports 14 grants totaling $260,500, with listed purposes of general charitable purposes.
Philip H Corboy Foundation at a glance
In short: Philip H Corboy Foundation gave $261K across 14 grants in 2024 (avg $19K), mostly in Illinois. 21% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $260,500
- -63.2% vs 2023
- Grants made (2024)
- 14
- -33.3% vs 2023
- Average grant
- $18,607
- -44.8% vs 2023
- Median grant
- $5,000
- Total assets
- $417,998
- -35.7% vs 2023
- New grantees (estimate)
- 21% first-time grantees (3 of 14, 2024; small sample)
- Primary geography
- Illinois (98% 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 Philip H Corboy 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: 33 N Dearborn Street 2100, Chicago, IL 60602
Phone: (312) 802-5094
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Philip H Corboy Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Big Shoulders Fund ($100K). Together the top 10 received $244K.
Grant Size Distribution
90 grants across all recorded years
The most common grant size was under $50K: 78 grants of 90 (87%).
Geographic Focus
Where this funder awards grants
In 2024, 98% of grant dollars went to recipients in Illinois and 2% to recipients in Colorado.
Grant Distribution by State
Share of 2024 grant dollars across all 14 itemized grants.
Cities
Is Philip H Corboy Foundation open to new grantees?
21%
first-time grantees, 2024
In 2024, 3 of 14 grantees (21%) were first-time recipients. With only 14 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $22K; repeat grants $18K. How we count
Medians: $10K first-time, $5K repeat.
- 64% of 2024 grantees were also funded in 2023. Method
- Giving fell 70% from 2021 to 2024. Method
- In 2024 it paid out 508% 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 $261K (2024) to $923K (2020). In 2024 it made 14 grants totaling $261K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Big Shoulders Fund Chicago, IL | General Charitable Purposes | $100,000 |
| St Clement Parish Chicago, IL | General Charitable Purposes | $50,000 |
| Depaul College Prep Foundation Chicago, IL | General Charitable Purposes | $25,000 |
| Misericordia Chicago, IL | General Charitable Purposes | $21,000 |
| Mercy Home for Boys & Girls Chicago, IL | General Charitable Purposes | $17,500 |
| The Neighborhood Bridge Oak Park, IL | General Charitable Purposes | $10,000 |
| Center for Disability and Elder Law Chicago, IL | General Charitable Purposes | $5,000 |
| Danny Did Foundation Evanston, IL | General Charitable Purposes | $5,000 |
| Leo High School Chicago, IL | General Charitable Purposes | $5,000 |
| Lumen Cordium Society Chicago, IL | General Charitable Purposes | $5,000 |
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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 | $417,998 | $42,407 | $277,995 | $260,500 | 14 | $263,945 | $30,232 | $52,007 |
| 2023 | $650,347 | $83,746 | $735,155 | $707,267 | 21 | $713,795 | $64,935 | $68,122 |
| 2022 | $1,306,370 | $188,105 | $805,841 | $778,599 | 20 | $778,949 | $171,044 | $102,818 |
| 2021 | $1,925,047 | $560,415 | $887,563 | $854,953 | 19 | $861,040 | $534,535 | $139,301 |
| 2020 | $2,261,792 | $179,430 | $958,727 | $922,702 | 16 | — | $154,506 | $170,213 |
Under IRS private-foundation payout rules, Philip H Corboy Foundation reported a distributable amount of $52K 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 is provided. The 2024 grants show support for organizations working in varied areas. For example, Big Shoulders Fund says it supports underserved schools providing quality, values-based education for Chicago’s children. Danny DID Foundation says it works to advance awareness of epilepsy and SUDEP, protect people with epilepsy, and prevent seizure-related deaths. Nourishing Hope says it provides food, mental health support, and social services to help neighbors thrive.
Grantmaking
In 2024, the foundation made 14 grants totaling $260,500. Grants ranged from $2,000 to $100,000, with a median of $5,000. Its largest grants included $100,000 to Big Shoulders Fund, $50,000 to St Clement Parish, $25,000 to DePaul College Prep Foundation, $21,000 to Misericordia, and $17,500 to Mercy Home for Boys & Girls. Each was listed for general charitable purposes.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Mary A Dempsey as president and director, Marcy A Twardak as secretary and director, and Daniel M Kotin as director.
Philip H Corboy Foundation is led by Mary A. Dempsey, President & Director on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Mary A. Dempsey
President & Director
On filings since 2020
10 hrs/week
No compensation reported
Daniel M. Kotin
Director
On filings since 2020
1 hr/week
No compensation reported
Marcy A. Twardak
Secretary & Director
On filings since 2020
5 hrs/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 Philip H Corboy Foundation
How much does Philip H Corboy Foundation give each year?
Philip H Corboy Foundation gave $261K across 14 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $707K across 21 grants.
What is Philip H Corboy Foundation's typical grant size?
Philip H Corboy Foundation's median grant in 2024 was $5,000, and its average grant was $18,607, across 14 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Philip H Corboy Foundation that year got $22K on average.
Where does Philip H Corboy Foundation give grants?
Philip H Corboy Foundation gives mostly in Illinois: 98% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Chicago, IL (10 grants).
Does Philip H Corboy Foundation give general operating support?
Yes: 100% of Philip H Corboy Foundation's 2024 grants with a stated purpose (14 of 14) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Philip H Corboy Foundation's largest grantees?
Philip H Corboy Foundation's largest 2024 grantees include Big Shoulders Fund ($100,000), St Clement Parish ($50,000) and Depaul College Prep Foundation ($25,000), according to its 2024 IRS Form 990-PF. Together they received 67% of its itemized 2024 grant dollars.
How large is Philip H Corboy Foundation?
Philip H Corboy Foundation reported $418K in total assets on its 2024 IRS Form 990-PF. It paid out $264K in qualifying distributions that year, against a required minimum of $52K (roughly 5% of its investment assets).
What does Philip H Corboy Foundation fund?
No mission statement is provided. The 2024 grants show support for organizations working in varied areas. For example, Big Shoulders Fund says it supports underserved schools providing quality, values-based education for Chicago’s children. See mission & focus areas ↑
How do I apply for a grant from Philip H Corboy 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 Philip H Corboy Foundation's EIN?
Philip H Corboy Foundation's EIN (Employer Identification Number) is 36-3211607. IRS Form 990 filing data is available on this page for 2020–2024.
Does Philip H Corboy 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). Philip H Corboy Foundation funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/philip-h-corboy-foundation-morg_f5fd0b8c45b7400f9eabdb15de71f8cd
BibTeX
@misc{grantable_363211607_2026,
author = {{Grantable}},
title = {{Philip H Corboy Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/philip-h-corboy-foundation-morg_f5fd0b8c45b7400f9eabdb15de71f8cd},
note = {Accessed 2026-10-11. 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 Philip H Corboy 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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