Terrence & Dorothy Brown Foundation

SCHAUMBURG, IL EIN: 20-2055558

Terrence & Dorothy Brown Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SCHAUMBURG, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $271K in total assets. In 2024, it awarded 4 grants totaling $50K. Net investment income was $201K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$271K

+328.0% YoY

Annual Giving

$50K

+733.3% YoY

Grant Count

4

+100.0% YoY

Avg Grant Size

$13K

+316.7% YoY

Under IRS private-foundation payout rules, Terrence & Dorothy Brown Foundation reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.

About Terrence & Dorothy Brown Foundation

Based on IRS filings

Terrence & Dorothy Brown Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SCHAUMBURG, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $271K in total assets. In 2024, it awarded 4 grants totaling $50K. Net investment income was $201K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

7states

Cities

ChicagoFort MyersIndianapolisMadisonMemphisNaplesNew YorkNoraRockvilleStaten IslandTampa

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$125K$249K$374K$498K20202021202220232024
Metric202420232022
Total Assets$270,762$63,263$59,322
Revenue$452,745$10,471$2,734
Expenses$53,034$8,077$6,270
Qualifying Distributions$50,700$7,015$5,550
Net Investment Income$200,506$9,439$2,150
Distributable Amount$6,540$2,994$3,256

Giving Over Time

Total grant dollars and number of grants per year

$0$13K$25K$38K$50K7 grants20208 grants20211 grants20222 grants20234 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

RONALD MCDONALD HOUSE CH…$13KVISIONFIRST - INDIAN LIO…$13KMUSIC FOUNDATION OF GREA…$13KHVAF OF INDIANA INC$13K

Grant Size Distribution

22 grants across all recorded years

22<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Ronald Mcdonald House Charity of Central Indiana Inc ($12,500), Visionfirst - Indian Lions Eye Bank Inc ($12,500), Music Foundation of Greater Naples ($12,500).

RecipientPurposeAmount
RONALD MCDONALD HOUSE CHARITY OF CENTRAL INDIANA INC INDIANAPOLIS, INCHARITABLE CONTRIBUTION$12,500
VISIONFIRST - INDIAN LIONS EYE BANK INC NORA, INCHARITABLE CONTRIBUTION$12,500
MUSIC FOUNDATION OF GREATER NAPLES NAPLES, FLCHARITABLE CONTRIBUTION$12,500
HVAF OF INDIANA INC INDIANAPOLIS, INCHARITABLE CONTRIBUTION$12,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
TERRENCE M BROWNPRESIDENT3
DOROTHY M BROWNVICE PRESIDENT3
GREGORY BROWNSECRETARY/TREASURER3
MADELYN BROWNDIRECTOR1
CONNER BROWNDIRECTOR1
JOSEPH RAMAGEDIRECTOR1

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Terrence & Dorothy Brown Foundation?

Terrence & Dorothy Brown Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SCHAUMBURG, IL. It holds $271K in total assets as of 2024.

How large is Terrence & Dorothy Brown Foundation?

As of 2024, Terrence & Dorothy Brown Foundation holds $271K in total assets with $453K in annual revenue. It awarded 4 grants totaling $50K in 2024.

Where does Terrence & Dorothy Brown Foundation operate?

Terrence & Dorothy Brown Foundation has awarded grants in Florida, Illinois, Indiana, Maryland, New York, Tennessee, Wisconsin.

What size grants does Terrence & Dorothy Brown Foundation award?

In 2024, Terrence & Dorothy Brown Foundation awarded 4 grants totaling $50K — an average of about $13K per grant, based on its IRS Form 990 filings.

How much is Terrence & Dorothy Brown Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Terrence & Dorothy Brown Foundation reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Terrence & Dorothy Brown Foundation's EIN?

Terrence & Dorothy Brown Foundation's EIN (Employer Identification Number) is 20-2055558. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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