The Stephenson Family Foundation, also known as Celebrate Life Foundation, is a private 501(c)(3) grantmaking foundation based in Schaumburg, Illinois. The organization was established in 1984 and operates as a philanthropic entity focused on making charitable contributions to various nonprofit organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$-1
-100.0% YoY
Annual Giving
$1.9M
-39.0% YoY
Grant Count
26
-16.1% YoY
Avg Grant Size
$72K
-27.3% YoY
Grantmaking
The foundation actively distributes grants to nonprofit organizations. Recent grant activity demonstrates a diverse funding portfolio:
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending July 2024:
- Total Assets: −$1
- Total Liabilities: $453
- Total Revenue: $1,858,000
- Total Expenses: $1,878,490
Year-over-Year Changes: Total grants and contributions decreased 38.3% from fiscal year 2023 ($3,010,000) to fiscal year 2024 ($1,858,000).
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $-1 | $20,036 | $89,371 |
| Revenue | $1,858,000 | $3,010,000 | $3,480,000 |
| Expenses | $1,878,490 | $3,079,335 | $3,428,249 |
| Qualifying Distributions | $1,878,475 | $3,079,320 | $3,428,234 |
| Net Investment Income | — | — | — |
| Distributable Amount | $2,735 | $2,682 | $8,571 |
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
139 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD J STEPHENSON | CHAIRMAN | — | — |
| JENNIFER S KELLER | PRESIDENT | — | — |
| CHRISTOPHER M STEPHENSON DO | SENIOR VICE | — | — |
Contact Information
Address: 20 N Martingale Rd Ste 180, Schaumburg, IL 60173-2423
Telephone: 847-342-7402
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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