The Bob and Carol Passaneau Foundation C/O Carol P Passaneau

Private foundation · Grantmaker Park Ridge, IL EIN: 36-4118796

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.

Key facts about The Bob and Carol Passaneau Foundation C/O Carol P Passaneau

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.

EIN
36-4118796
Latest 990 filing
Form 990-PF, 2020
Annual giving (2020)
$82,250
Grants made (2020)
5
Average grant
$16,450
Median grant
$6,250
Primary geography
Illinois (100% of itemized 2020 grant dollars)

Data from IRS Form 990-PF, 2020; updated September 2026.

Financial Overview

From 2020 IRS Form 990-PF · View filing

Total Assets

—

Annual Giving

$82K

+173.9% YoY

Grant Count

5

-28.6% YoY

Avg Grant Size

$16K

+283.5% YoY

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2020 grant dollars across all 5 itemized grants.

States

Cities

ChicagoPark RidgeChampaign

Giving Over Time

Total grant dollars and number of grants per year

$0$25K$50K$75K$100K7 grants2019 5 grants2020

From 2019 to 2020, annual grant giving ranged from $30K (2019) to $82K (2020). In 2020 it made 5 grants totaling $82K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2020

University of Illinois Foundation: $65KUniversity of IllinoisFoundation$65KCara Program: $8KCara Program$8KHave Dreams: $6KHave Dreams$6KMary Seat of Wisdom: $3KMary Seat of Wisdom$3KSmitty's Family Charitable Fund: $1KSmitty's Family CharitableFund$1K

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

11<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 11 grants of 12 (92%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
University of Illinois Foundation Champaign, IL"I" FUND$65,000
Cara Program Chicago, ILGeneral Fund$7,500
Have Dreams Park Ridge, ILGeneral Fund$6,250
Mary Seat of Wisdom Park Ridge, ILChristian Outreach & Charity$2,500
Smitty's Family Charitable Fund Chicago, ILGeneral Fund$1,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$25K$50K$75K$100K2019 2020
Metric20202019
Total Assets—$491,585
Revenue$-374$21,217
Expenses$87,597$38,377
Net Investment Income$1,059$16,880
Distributable Amount$12,642$26,780

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS May 11, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS September 7, 2021)
  3. IRS filings on file for fiscal years 2019–2020

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.

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