Steele Foundation

Foundation · Grantmaker EVANSTON, IL EIN: 36-3512880

Steele Foundation is a private foundation, based in EVANSTON, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $669K in total assets. In 2024, it awarded 2 grants totaling $30K. Net investment income was $19K.

Key facts about Steele Foundation

EIN: 36-3512880
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $30,000
Grants made (2024): 2
Average grant: $15,000
Median grant: $15,000
Total assets: $669,227
Primary geography: Illinois (100% of itemized 2024 grant dollars)

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

How Steele Foundation gives

Giving fell 54% from 2021 to 2024. Method
In 2024 it paid out 65% 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.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$669K

-2.5% YoY

Annual Giving

$30K

-76.9% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$15K

-76.9% YoY

Under IRS private-foundation payout rules, Steele Foundation reported a distributable amount of $52K for 2024 — the minimum it must pay out in qualifying distributions.

About Steele Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Illinois $30K (100%)

Share of all 2 itemized 2024 grant dollars.

States

Illinois

Cities

Evanston

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$669,227	$686,469	$772,722
Revenue	$17,777	$48,729	$52,927
Expenses	$35,019	$134,982	$64,894
Qualifying Distributions	$33,765	$133,676	$63,415
Net Investment Income	$18,513	$45,181	$45,323
Distributable Amount	$52,325	$52,352	$56,388

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Beyond the Baby Blues ($25,000), Youth Job Center ($5,000).

Recipient	Purpose	Amount
BEYOND THE BABY BLUES EVANSTON, IL	EDUCATIONAL	$25,000
YOUTH JOB CENTER EVANSTON, IL	EDUCATIONAL	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Ralph Segall	President/Director	0.5	—

Frequently Asked Questions

How large is Steele Foundation?

As of 2024, Steele Foundation holds $669K in total assets with $18K in annual revenue. It awarded 2 grants totaling $30K in 2024.

Where does Steele Foundation operate?

Steele Foundation has awarded grants in Illinois.

What size grants does Steele Foundation award?

In 2024, Steele Foundation awarded 2 grants totaling $30K — an average of about $15K per grant, based on its IRS Form 990 filings.

How much is Steele Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Steele Foundation reported a distributable amount of $52K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.