State Farm Companies Foundation
State Farm Companies Foundation is a private, corporate foundation incorporated in Illinois in 1963 and granted tax-exempt status in June 1968. Based in Bloomington, Illinois, the foundation supports initiatives, scholarships, and associate-directed programs that improve communities where State Farm operates. The foundation works in partnership with State Farm's broader corporate responsibility efforts.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$8.4M
-29.6% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$2.1M
-29.6% YoY
Mission & Focus Areas
The foundation supports key initiatives and scholarships, as well as associate-directed programs, including grants supporting volunteerism and matching gifts to two- and four-year colleges and universities.
State Farm's charitable funding focuses on three primary areas:
Safety
- Auto safety — improving driver, passenger, vehicle, or roadway safety
- Home safety — shielding homes from fires, crime, or natural disasters
- Disaster preparedness and mitigation
- Disaster recovery
Community Development
- Affordable housing — home construction, repair, and sustainable housing
- Commercial and small business development
- Financial literacy
- Food insecurity
Education
- Higher education initiatives
- K-12 academic performance
- K-12 STEM programs, primarily near the company's major employment hubs
Grantmaking
The foundation provides funding to national, established scholarship programs, such as the National Merit Scholarship Corporation, rather than offering scholarships directly to individuals.
Invitation Only
State Farm charitable funding is offered through an invitation-only process each year. Organizations that did not receive an invitation are directed to contact State Farm regarding support requests for programs that meet grant focus areas.
Ready to take the next step with State Farm Companies Foundation?
Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Illinois and North Carolina. Grantmaking reaches organizations across multiple states, with Illinois, North Carolina, and Texas accounting for approximately 85% of all grants.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024)
- Total Assets: $15,872,750
- Total Revenue: $17,872,775
- Total Expenses: $8,956,985
- Total Grants, Contributions, etc.: $17,340,510
- Investment Income and Dividends: $893,937
Historical Comparison
- 2023 Total Assets: $6,956,960
- 2023 Total Giving: $12,000,588
- 2023 Total Grants, Contributions: $10,010,840
Grant Activity
- 2024: 4 grants recorded
- 2023: 9 grants recorded
- 2022: 28 grants totaling $40.7 million (highest grantmaking activity year on record)
- Historical total: 41 grants totaling $68.5 million across available records
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
39 grants across all recorded years
Open Grants
2 open opportunities from State Farm Companies Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
According to 2025 aggregated demographic information, the foundation's board consists of 12 directors and officers: 7 men and 5 women. The principal officer is listed as the Corporate Tax Department.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Michael Tipsord | Chairman of the Board and President | — | — |
| Dr W H Knight Jr | Director | — | — |
| Jon C Farney | Chairman of the Board and President | — | — |
| Michele Russo | Vice President and Secretary | — | — |
| Joseph P Young | Vice President - Fixed Income | — | — |
| Mark Schwamberger | Vice President and Treasurer | — | — |
| Alana Reimer | Assistant Treasurer | — | — |
| Kristi Higgins | Assistant Secretary | — | — |
| Apsara Sorensen | Assistant Secretary | — | — |
| Vicki O'Meara | Director | — | — |
| Sonya Robinson | Vice President | — | — |
| Justin Tipsord | Assistant Secretary | — | — |
| Rasheed Merritt | Assistant Secretary | — | — |
| Allison Bertsche | Assistant Secretary | — | — |
| Maria Wilkins | Assistant Secretary | — | — |
Recent News & Activity
Recent developments and announcements
The foundation has partnered with the National Volunteer Fire Council to award grants to local fire departments. In 2025, State Farm and the National Volunteer Fire Council awarded $1 million in grants to local fire departments through the Good Neighbor Firefighter Safety Grant program.
State Farm FoundationSubject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with State Farm Companies Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities