Quarrie Charitable Trust #1
Quarrie Charitable Trust #1 is a private foundation, based in Chicago, IL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $4.1M in total assets. In 2025, it awarded 4 grants totaling $277K. Net investment income was $394K.
Quarrie Charitable Trust #1 at a glance
In short: Quarrie Charitable Trust #1 gave $277K across 4 grants in 2025 (avg $69K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $276,737
- -14.4% vs 2024
- Grants made (2025)
- 4
- +33.3% vs 2024
- Average grant
- $69,184
- -35.8% vs 2024
- Median grant
- $67,801
- Total assets
- $4,138,577
- +1.9% vs 2024
- Primary geography
- Illinois (51% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Quarrie Charitable Trust #1 funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Chicago Community Trust ($136K). Together the top 4 received $277K.
Grant Size Distribution
16 grants across all recorded years
The most common grant size was in the $100–250K range: 9 grants of 16 (56%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How Quarrie Charitable Trust #1 gives
- Giving held roughly steady from 2022 to 2025 (+0%). Method
- In 2025 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $244K (2021) to $323K (2024). In 2025 it made 4 grants totaling $277K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Chicago Community Trust Chicago, IL | General Support | $135,601 |
| Columbia-Presbyterian New York, NY | General Support | $96,589 |
| New York Presbyterian Fund Inc New York, NY | General Support | $39,012 |
| Art Institute of Chicago Chicago, IL | General Support | $5,535 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $4,138,577 | $430,539 | $353,971 | $276,737 | 4 | $312,841 | $393,962 | $326,474 |
| 2024 | $4,061,960 | $303,110 | $394,658 | $323,420 | 3 | $357,266 | $267,347 | $310,583 |
| 2023 | $4,153,808 | $237,326 | $328,560 | $267,141 | 3 | $297,999 | $207,148 | $354,278 |
| 2022 | $4,245,100 | $202,575 | $350,832 | $278,047 | 3 | $310,114 | $170,595 | $299,209 |
| 2021 | $4,393,357 | $483,801 | $312,450 | $244,065 | 3 | $291,404 | $463,266 | $325,385 |
| 2020 | $4,222,108 | $131,403 | $310,137 | $248,016 | 3 | — | $102,883 | $273,420 |
| 2019 | $4,400,453 | $278,480 | $341,374 | $279,340 | 3 | — | $249,703 | $277,715 |
Under IRS private-foundation payout rules, Quarrie Charitable Trust #1 reported a distributable amount of $326K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Quarrie Charitable Trust #1's only listed officer is Northern Trust Company, Trustee on every filing since 2019 (compensated).
Officers on the 2025 filing
Northern Trust Company
Trustee
On filings since 2019
40 hrs/week
$51K (2019) → $69K (2025)
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $69K, to Northern Trust Company (Trustee).
Frequently asked questions about Quarrie Charitable Trust #1
How much does Quarrie Charitable Trust #1 give each year?
Quarrie Charitable Trust #1 gave $277K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $323K across 3 grants.
What is Quarrie Charitable Trust #1's typical grant size?
Quarrie Charitable Trust #1's median grant in 2025 was $67,801, and its average grant was $69,184, across 4 grants on its 2025 IRS Form 990-PF.
Where does Quarrie Charitable Trust #1 give grants?
Quarrie Charitable Trust #1 gives mostly in Illinois: 51% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New York (49%). The most frequent recipient cities were Chicago, IL (2 grants) and New York, NY (2 grants).
Does Quarrie Charitable Trust #1 give general operating support?
Yes: 100% of Quarrie Charitable Trust #1's 2025 grants with a stated purpose (4 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Quarrie Charitable Trust #1?
Quarrie Charitable Trust #1 reported $4.1M in total assets on its 2025 IRS Form 990-PF. It paid out $313K in qualifying distributions that year, against a required minimum of $326K (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 is Quarrie Charitable Trust #1's EIN?
Quarrie Charitable Trust #1's EIN (Employer Identification Number) is 36-6558290. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS August 12, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 8, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 2, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 7, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 1, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
- IRS filings on file for fiscal years 2019–2024
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