Philip H Corboy Foundation
The Philip H Corboy Foundation is a private foundation based in Chicago, Illinois, established in 1983. The foundation operates as a 501(c)(3) organization with a focus on charitable giving primarily in the Midwest.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$418K
-35.7% YoY
Annual Giving
$261K
-63.2% YoY
Grant Count
14
-33.3% YoY
Avg Grant Size
$19K
-44.8% YoY
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.
Mission & Focus Areas
The foundation supports general charitable purposes with primary emphasis on:
- Education
- Health associations
- Children, youth, and social services
- Roman Catholic agencies and churches
- Philanthropy, voluntarism, and grantmaking
- Human services
Grantmaking
The foundation made 21 total grants according to the most recent IRS Form 990 PF filing for tax year 2023.
Grant Range
$500–$466,667
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Illinois
- Nebraska
- Colorado
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
- Total assets: $650,347
- Total giving: $707,267
- Total revenues: $83,746
- Total expenses: $735,155
- Investment income and dividends: $37,154
- Net gain from sale of non-inventory assets: $46,592
Staff: 0 employees
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $417,998 | $650,347 | $1,306,370 |
| Revenue | $42,407 | $83,746 | $188,105 |
| Expenses | $277,995 | $735,155 | $805,841 |
| Qualifying Distributions | $263,945 | $713,795 | $778,949 |
| Net Investment Income | $30,232 | $64,935 | $171,044 |
| Distributable Amount | $52,007 | $68,122 | $102,818 |
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
90 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Big Shoulders Fund ($100,000), St Clement Parish ($50,000), Depaul College Prep Foundation ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BIG SHOULDERS FUND CHICAGO, IL | GENERAL CHARITABLE PURPOSES | $100,000 |
| CENTER FOR DISABILITY AND ELDER LAW CHICAGO, IL | GENERAL CHARITABLE PURPOSES | $5,000 |
| CHRISTIAN BROTHERS ROMEOVILLE, IL | GENERAL CHARITABLE PURPOSES | $2,000 |
| DANNY DID FOUNDATION EVANSTON, IL | GENERAL CHARITABLE PURPOSES | $5,000 |
| DEPAUL COLLEGE PREP FOUNDATION CHICAGO, IL | GENERAL CHARITABLE PURPOSES | $25,000 |
| LEO HIGH SCHOOL CHICAGO, IL | GENERAL CHARITABLE PURPOSES | $5,000 |
| LUMEN CORDIUM SOCIETY CHICAGO, IL | GENERAL CHARITABLE PURPOSES | $5,000 |
| MERCY HOME FOR BOYS & GIRLS CHICAGO, IL | GENERAL CHARITABLE PURPOSES | $17,500 |
| MISERICORDIA CHICAGO, IL | GENERAL CHARITABLE PURPOSES | $21,000 |
| NOURISHING HOPE CHICAGO, IL | GENERAL CHARITABLE PURPOSES | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Mary A Dempsey — President & Director
- Marcy A Twardak — Secretary & Director
- Daniel M Kotin — Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARY A DEMPSEY | PRESIDENT & DIRECTOR | 10 | — |
| MARCY A TWARDAK | SECRETARY & DIRECTOR | 5 | — |
| DANIEL M KOTIN | DIRECTOR | 1 | — |
Contact Information
- Address: 33 N Dearborn St Ste 2100, Chicago, IL 60602-3192
- Phone: 312-368-0500
- Website: www.corboyfoundation.org
Frequently Asked Questions
What does Philip H Corboy Foundation fund?
The foundation supports general charitable purposes with primary emphasis on: • Education • Health associations • Children, youth, and social services • Roman Catholic agencies and churches • Philanthropy, voluntarism, and grantmaking • Human services
How do I apply for a grant from Philip H Corboy Foundation?
**Grant Activity:** • Made 15 grants in 2023 • Total giving in 2023: $707,267 • Grant range: $500–$466,667 • Median grant amount: $5,000 **Recent Grantees (2023):** • Loyola University Chicago: $466,667 • Big Shoulders Fund: $110,000 • DePaul College Prep Foundation: $15,000 The foundation made 21 total grants according to the most recent IRS Form 990 PF filing for tax year 2023.
Where does Philip H Corboy Foundation make grants?
The foundation primarily funds organizations in: • Illinois • Nebraska • Colorado
What size grants does Philip H Corboy Foundation award?
In 2024, Philip H Corboy Foundation awarded 14 grants totaling $261K — an average of about $19K per grant, based on its IRS Form 990 filings.
How much is Philip H Corboy Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Philip H Corboy Foundation reported a distributable amount of $52K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.