The Alton Foundation
The Alton Foundation is a private foundation focused on Arts and culture, based in WOOD RIVER, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.5M in total assets. In 2024, it awarded 40 grants totaling $392K. Net investment income was $1.8M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.5M
+6.2% YoY
Annual Giving
$392K
+20.7% YoY
Grant Count
40
+0.0% YoY
Avg Grant Size
$10K
+20.7% YoY
Under IRS private-foundation payout rules, The Alton Foundation reported a distributable amount of $242K for 2024 — the minimum it must pay out in qualifying distributions.
About The Alton Foundation
Based on IRS filings
The Alton Foundation is a private foundation focused on Arts and culture, based in WOOD RIVER, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.5M in total assets. In 2024, it awarded 40 grants totaling $392K. Net investment income was $1.8M.
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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
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,503,916 | $5,182,946 | $3,667,398 |
| Revenue | $1,996,451 | $1,502,137 | $433,552 |
| Expenses | $435,156 | $365,403 | $419,213 |
| Qualifying Distributions | $413,845 | $342,730 | $402,068 |
| Net Investment Income | $1,832,552 | $109,947 | $264,103 |
| Distributable Amount | $242,328 | $189,067 | $191,188 |
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
83 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Evangelical Church of Christ ($38,673), Crisis Food Center ($35,000), Hoyleton Youth and Family Services ($26,671).
| Recipient | Purpose | Amount |
|---|---|---|
| ALTON BAND AND ORCHESTRA BUILDERS ALTON, IL | CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERACY, EDUCATIONAL, OR OTHER PUBLIC PURPOSES FOR THE PREVENTION OF CRUELTY TO CHILDREN OR ANIMALS. | $2,000 |
| AMERICAN RED CROSS ALTON, IL | UNRESTRICTED | $12,000 |
| BE A BRIDGE ALTON, IL | UNRESTRICTED | $6,500 |
| BEVERLY FARM FOUNDATION ALTON, IL | UNRESTRICTED | $9,300 |
| BOYS AND GIRLS CLUB OF ALTON ALTON, IL | UNRESTRICTED | $19,600 |
| CENTERSTONE ALTON, IL | UNRESTRICTED | $10,000 |
| COMMUNITY HOPE CENTER ALTON, IL | UNRESTRICTED | $5,000 |
| CRISIS FOOD CENTER ALTON, IL | UNRESTRICTED | $35,000 |
| EVANGELICAL ELEMENTARY SCHOOL ALTON, IL | UNRESTRICTED | $1,900 |
| GREAT RIVERS CHORAL SOCIETY ALTON, IL | UNRESTRICTED | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARK KRATSCHMER | NEW CHAIRMAN | 1 | — |
| PAT HEITZIG | VICE-CHAIRMAN | 1 | — |
| DR JOHN HOELSCHER | DIRECTOR | 1 | — |
| GARY OSBORNE | SECRETARY | 3 | — |
| REV JASON HARRISON | DIRECTOR | 1 | — |
| JIM SCHWARTZKOPF | DIRECTOR | 1 | — |
| EMERT WYSS | DIRECTOR | 1 | — |
| RENE BASSETT BUTLER | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Alton Foundation?
The Alton Foundation is a private foundation focused on Arts and culture, based in WOOD RIVER, IL. It holds $5.5M in total assets as of 2024.
How large is The Alton Foundation?
As of 2024, The Alton Foundation holds $5.5M in total assets with $2.0M in annual revenue. It awarded 40 grants totaling $392K in 2024.
Where does The Alton Foundation operate?
The Alton Foundation has awarded grants in Illinois.
What size grants does The Alton Foundation award?
In 2024, The Alton Foundation awarded 40 grants totaling $392K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is The Alton Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Alton Foundation reported a distributable amount of $242K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Alton Foundation's EIN?
The Alton Foundation's EIN (Employer Identification Number) is 37-6045370. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Alton Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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