Richard H and Joann R Larson Family Foundation Inc

Private foundation · Grantmaker Northbrook, IL EIN: 47-2580200

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.

Key facts about Richard H and Joann R Larson Family Foundation Inc

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.

EIN
47-2580200
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$41,100
Grants made (2024)
4
Average grant
$10,275
Median grant
$3,750
Total assets
$47,908
Primary geography
Illinois (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated October 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$48K

+8.9% YoY

Annual Giving

$41K

+10.8% YoY

Grant Count

4

+33.3% YoY

Avg Grant Size

$10K

-16.9% YoY

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2024 grant dollars across all 4 itemized grants.

Cities

ChicagoEvanstonNorthbrookRochesterWilmette

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K$80K4 grants2020 4 grants2021 3 grants2022 3 grants2023 4 grants2024

From 2020 to 2024, annual grant giving ranged from $37K (2023) to $70K (2022). In 2024 it made 4 grants totaling $41K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Covenant Living of Northbrook: $5KCovenant Living of Northbrook$5KGreater Chicago Food Depository: $3KGreater Chicago FoodDepository$3KNorthwestern University: $1KNorthwestern University$1K

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

17<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 17 grants of 18 (94%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Various & Sundry Organized Charities Chicago, ILEducational, Social, Medical L& Religious Purposes$32,600
Covenant Living of Northbrook Northbrook, ILMedical Related Purposes$5,000
Greater Chicago Food Depository Chicago, ILSocial Services$2,500
Northwestern University Evanston, ILEducational Related Purposes$1,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$25K$50K$75K$100K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$47,908$43,980$40,134
Revenue$46,151$41,626$33,519
Expenses$42,223$37,780$70,020
Qualifying Distributions$41,100$37,105$69,610
Net Investment Income$2$2—
Distributable Amount$2,216$1,970$985

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2020 (received by the IRS July 30, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS June 17, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS July 19, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS November 13, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS November 13, 2025)
  6. IRS filings on file for fiscal years 2021–2024

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.

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