Richard H and Joann R Larson Family Foundation Inc
Richard H and Joann R Larson Family Foundation Inc is a private foundation, based in Northbrook, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $48K in total assets. In 2024, it awarded 4 grants totaling $41K. Net investment income was $2.
Richard H and Joann R Larson Family Foundation Inc at a glance
In short: Richard H and Joann R Larson Family Foundation Inc gave $41K across 4 grants in 2024 (avg $10K), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $41,100
- +10.8% vs 2023
- Grants made (2024)
- 4
- +33.3% vs 2023
- Average grant
- $10,275
- -16.9% vs 2023
- Median grant
- $3,750
- Total assets
- $47,908
- +8.9% vs 2023
- Primary geography
- Illinois (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Richard H and Joann R Larson Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Covenant Living of Northbrook ($5K). Together the top 3 received $9K.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 17 grants of 18 (94%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How Richard H and Joann R Larson Family Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (−5%). Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). 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 2020 to 2024, annual grant giving ranged from $37K (2023) to $70K (2022). In 2024 it made 4 grants totaling $41K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Various & Sundry Organized Charities Chicago, IL | Educational, Social, Medical L& Religious Purposes | $32,600 |
| Covenant Living of Northbrook Northbrook, IL | Medical Related Purposes | $5,000 |
| Greater Chicago Food Depository Chicago, IL | Social Services | $2,500 |
| Northwestern University Evanston, IL | Educational Related Purposes | $1,000 |
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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 | $47,908 | $46,151 | $42,223 | $41,100 | 4 | $41,100 | $2 | $2,216 |
| 2023 | $43,980 | $41,626 | $37,780 | $37,105 | 3 | $37,105 | $2 | $1,970 |
| 2022 | $40,134 | $33,519 | $70,020 | $69,575 | 3 | $69,610 | — | $985 |
| 2021 | $76,635 | $74,150 | $43,685 | $43,275 | 4 | $43,275 | $646 | $1,469 |
| 2020 | $46,170 | $44,091 | $44,415 | $43,600 | 4 | — | $3 | $1,330 |
Under IRS private-foundation payout rules, Richard H and Joann R Larson Family Foundation Inc reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Richard H and Joann R Larson Family Foundation Inc is led by Richard H. Larson, President & Director on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Richard H. Larson
President & Director
On filings since 2020
1 hr/week
No compensation reported
Joann R. Larson
Secretary & Director
On filings since 2020
1 hr/week
No compensation reported
Richard Larson Jr.
Director
On filings since 2020
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 Richard H and Joann R Larson Family Foundation Inc
How much does Richard H and Joann R Larson Family Foundation Inc give each year?
Richard H and Joann R Larson Family Foundation Inc gave $41K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $37K across 3 grants.
What is Richard H and Joann R Larson Family Foundation Inc's typical grant size?
Richard H and Joann R Larson Family Foundation Inc's median grant in 2024 was $3,750, and its average grant was $10,275, across 4 grants on its 2024 IRS Form 990-PF.
Where does Richard H and Joann R Larson Family Foundation Inc give grants?
Richard H and Joann R Larson Family Foundation Inc gives mostly in Illinois: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Chicago, IL (2 grants).
Does Richard H and Joann R Larson Family Foundation Inc give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on Richard H and Joann R Larson Family Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support.
How large is Richard H and Joann R Larson Family Foundation Inc?
Richard H and Joann R Larson Family Foundation Inc reported $48K in total assets on its 2024 IRS Form 990-PF. It paid out $41K in qualifying distributions that year, against a required minimum of $2K (roughly 5% of its investment assets).
What is Richard H and Joann R Larson Family Foundation Inc's EIN?
Richard H and Joann R Larson Family Foundation Inc's EIN (Employer Identification Number) is 47-2580200. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2020 (received by the IRS July 30, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS June 17, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS July 19, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 13, 2025)
- IRS filings on file for fiscal years 2021–2024
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