The Bob and Carol Passaneau Foundation C/O Carol P Passaneau
The Bob and Carol Passaneau Foundation C/O Carol P Passaneau is a private foundation, based in Park Ridge, IL. IRS filing data is available from 2019 through 2020. In 2020, it awarded 5 grants totaling $82K. Net investment income was $1K.
The Bob and Carol Passaneau Foundation C/O Carol P Passaneau at a glance
In short: The Bob and Carol Passaneau Foundation C/O Carol P Passaneau gave $82K across 5 grants in 2020 (avg $16K), mostly in Illinois. Source: 2020 IRS Form 990-PF.
- Annual giving (2020)
- $82,250
- +173.9% vs 2019
- Grants made (2020)
- 5
- -28.6% vs 2019
- Average grant
- $16,450
- +283.5% vs 2019
- Median grant
- $6,250
- Primary geography
- Illinois (100% of itemized 2020 grant dollars)
- Latest 990 filing
- Form 990-PF, 2020 View filing
Data from IRS Form 990-PF, 2020; updated September 2026.
Who The Bob and Carol Passaneau Foundation C/O Carol P Passaneau funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2020
The largest 2020 recipient was University of Illinois Foundation ($65K). Together the top 5 received $82K.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 11 grants of 12 (92%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2020 grant dollars across all 5 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2020, annual grant giving ranged from $30K (2019) to $82K (2020). In 2020 it made 5 grants totaling $82K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Illinois Foundation Champaign, IL | "I" FUND | $65,000 |
| Cara Program Chicago, IL | General Fund | $7,500 |
| Have Dreams Park Ridge, IL | General Fund | $6,250 |
| Mary Seat of Wisdom Park Ridge, IL | Christian Outreach & Charity | $2,500 |
| Smitty's Family Charitable Fund Chicago, IL | General Fund | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2020 | — | $-374 | $87,597 | $82,250 | 5 | $1,059 | $12,642 |
| 2019 | $491,585 | $21,217 | $38,377 | $30,025 | 7 | $16,880 | $26,780 |
Under IRS private-foundation payout rules, The Bob and Carol Passaneau Foundation C/O Carol P Passaneau reported a distributable amount of $13K for 2020 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Bob and Carol Passaneau Foundation C/O Carol P Passaneau is led by Carol P. Passaneau, President & Secretary on every filing since 2019; none of the 4 officers listed in 2020 report compensation.
Officers on the 2020 filing
Carol P. Passaneau
President & Secretary
On filings since 2019
No compensation reported
Michael J. Passaneau
Trustee
On filings since 2019
No compensation reported
Stephen R. Passaneau
Trustee
On filings since 2019
No compensation reported
Michele P. McBain
Treasurer
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2020. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Bob and Carol Passaneau Foundation C/O Carol P Passaneau
How much does The Bob and Carol Passaneau Foundation C/O Carol P Passaneau give each year?
The Bob and Carol Passaneau Foundation C/O Carol P Passaneau gave $82K across 5 grants in 2020, according to its 2020 IRS Form 990-PF. In 2019 it gave $30K across 7 grants.
What is The Bob and Carol Passaneau Foundation C/O Carol P Passaneau's typical grant size?
The Bob and Carol Passaneau Foundation C/O Carol P Passaneau's median grant in 2020 was $6,250, and its average grant was $16,450, across 5 grants on its 2020 IRS Form 990-PF.
Where does The Bob and Carol Passaneau Foundation C/O Carol P Passaneau give grants?
The Bob and Carol Passaneau Foundation C/O Carol P Passaneau gives mostly in Illinois: 100% of the grant dollars itemized on its 2020 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Park Ridge, IL (2 grants) and Chicago, IL (2 grants).
Does The Bob and Carol Passaneau Foundation C/O Carol P Passaneau give general operating support?
Yes: 60% of The Bob and Carol Passaneau Foundation C/O Carol P Passaneau's 2020 grants with a stated purpose (3 of 5) were for general or operating support, per its 2020 IRS Form 990-PF.
Who are The Bob and Carol Passaneau Foundation C/O Carol P Passaneau's largest grantees?
The Bob and Carol Passaneau Foundation C/O Carol P Passaneau's largest 2020 grantees include University of Illinois Foundation ($65,000), Cara Program ($7,500) and Have Dreams ($6,250), according to its 2020 IRS Form 990-PF. Together they received 96% of its itemized 2020 grant dollars.
How much is The Bob and Carol Passaneau Foundation C/O Carol P Passaneau required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2020, The Bob and Carol Passaneau Foundation C/O Carol P Passaneau reported a distributable amount of $13K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Bob and Carol Passaneau Foundation C/O Carol P Passaneau's EIN?
The Bob and Carol Passaneau Foundation C/O Carol P Passaneau's EIN (Employer Identification Number) is 36-4118796. IRS Form 990 filing data is available on this page for 2019–2020.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 11, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 7, 2021)
- IRS filings on file for fiscal years 2019–2020
Live grants for the work The Bob and Carol Passaneau Foundation C/O Carol P Passaneau funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Cite this profile
Grantable. (2026). The Bob and Carol Passaneau Foundation C/O Carol P Passaneau funder profile. GrantGraph. Retrieved October 24, 2026, from https://grantable.co/funders/the-bob-and-carol-passaneau-foundation-c-o-carol-p-passaneau-morg_816ddb627ed5477db958858e546daec9
BibTeX
@misc{grantable_364118796_2026,
author = {{Grantable}},
title = {{The Bob and Carol Passaneau Foundation C/O Carol P Passaneau funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-bob-and-carol-passaneau-foundation-c-o-carol-p-passaneau-morg_816ddb627ed5477db958858e546daec9},
note = {Accessed 2026-10-24. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Bob and Carol Passaneau Foundation C/O Carol P Passaneau's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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