Sedge Plitt Charitable Trust Iii
Sedge Plitt Charitable Trust III is a private independent foundation established in 2003 in California and currently based in Wilmette, Illinois. The organization holds 501(c)(3) tax-exempt status and operates as a grantmaking foundation focused on philanthropic activities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.5M
+4.2% YoY
Annual Giving
$917K
+109.6% YoY
Grant Count
18
-5.3% YoY
Avg Grant Size
$51K
+121.2% YoY
Under IRS private-foundation payout rules, Sedge Plitt Charitable Trust Iii reported a distributable amount of $508K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The trust's primary grantmaking focuses on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
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Geographic Focus
Where this funder awards grants
The foundation primarily directs grants to organizations in:
- Illinois
- New York
- Michigan
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $6.21 million
- Total Revenue: $1.01 million
- Total Expenses: $698,000
- Total Liabilities: $1,180
As of 2024:
- Total Assets: $6,473,513
- Total Giving: $916,800
The foundation maintains a single employee and is managed by a trustee structure.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,473,513 | $6,213,920 | $5,895,705 |
| Revenue | $1,439,944 | $1,013,292 | $1,393,083 |
| Expenses | $1,180,351 | $697,748 | $682,042 |
| Qualifying Distributions | $1,016,072 | $534,344 | $550,935 |
| Net Investment Income | $1,296,586 | $849,888 | $602,580 |
| Distributable Amount | $508,084 | $586,096 | $504,112 |
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
125 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Corewell Health Foundation ($500,000), Ravinia Foundation ($125,000), Jewish United Fund ($90,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALZHEIMER'S FOUNDATION NEW YORK, NY | GENERAL FUNDS | $5,000 |
| CENTER FOR JEWISH CULTURE & CREATIVITY LOS ANGELES, CA | GENERAL FUNDS | $5,000 |
| COREWELL HEALTH FOUNDATION GRAND RAPIDS, MI | GENERAL FUNDS | $500,000 |
| DIGESTIVE HEALTH FOUNDATION CHICAGO, IL | GENERAL FUNDS | $10,000 |
| ELYSSA'S MISSION NORTHBROOK, IL | GENERAL FUNDS | $5,000 |
| ILLINOIS HOLOCAUST MUSEUM SKOKIE, IL | GENERAL FUNDS | $75,000 |
| JEWISH HOSPICE & CHAPLAINCY NETWORK WEST BLOOMFIELD, MI | GENERAL FUNDS | $6,800 |
| JEWISH NATIONAL FUND ROCKVILLE CENTRE, NY | GENERAL FUNDS | $25,000 |
| JEWISH UNITED FUND CHICAGO, IL | GENERAL FUNDS | $90,000 |
| LURIE CHILDREN'S HOSPITAL CHICAGO, IL | GENERAL FUNDS | $10,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Loren Stone serves as Trustee for the organization.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LOREN STONE | TRUSTEE | 9 | $100,629 |
Contact Information
Address: 3201 Old Glenview Road, Suite 300, Wilmette, IL 60091-2966
Telephone: 312-634-3400
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Sedge Plitt Charitable Trust Iii fund?
The trust's primary grantmaking focuses on: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services
How do I apply for a grant from Sedge Plitt Charitable Trust Iii?
**Grant Amounts:** Typical awards range from $2,500 to $500,000. **Recent Activity:** The foundation made total grants of $916,800 in its most recent fiscal year (2024), with $698,000 in expenses reported for 2023.
Where does Sedge Plitt Charitable Trust Iii make grants?
The foundation primarily directs grants to organizations in: • Illinois • New York • Michigan
What size grants does Sedge Plitt Charitable Trust Iii award?
In 2024, Sedge Plitt Charitable Trust Iii awarded 18 grants totaling $917K — an average of about $51K per grant, based on its IRS Form 990 filings.
How much is Sedge Plitt Charitable Trust Iii required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Sedge Plitt Charitable Trust Iii reported a distributable amount of $508K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Sedge Plitt Charitable Trust Iii's EIN?
Sedge Plitt Charitable Trust Iii's EIN (Employer Identification Number) is 35-6739620. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Sedge Plitt Charitable Trust Iii's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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