The Community Foundation of Will
THE COMMUNITY FOUNDATION OF WILL COUNTY CONNECTS PEOPLE WHO CARE, TO CAUSES THAT MATTER TO IMPROVE THE LIVES OF WILL COUNTY RESIDENTS. THE FOUNDATION SEEKS TO BUILD PARTNERSHIPS TO STRENGTHEN RELATIONSHIPS AND IDENTIFY NEEDS AMONG NON-PROFIT ORGANIZATIONS, PROFESSIONAL ADVISORS, DONORS, AND COMMUNITY STAKEHOLDERS.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.2M
+19.3% YoY
Revenue
$897K
+5.2% YoY
Net Investment Income
$302K
+35.0% YoY
Expenses
$825K
+8.7% YoY
About The Community Foundation of Will
Based on IRS filings
The Community Foundation of Will is a nonprofit organization focused on Community Improvement & Capacity Building, based in FRANKFORT, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.2M in total assets. Net investment income was $302K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2021 |
|---|---|---|---|
| Total Assets | $10,178,352 | $8,533,618 | $7,084,412 |
| Revenue | $897,159 | $853,001 | $1,616,271 |
| Expenses | $825,198 | $758,833 | $404,673 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $302,381 | $223,939 | $203,047 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
35 grants across all recorded years
Open Grants
3 open opportunities from The Community Foundation of Will
2026 Grant Cycle / Community Partner Grants
THE COMMUNITY FOUNDATION OF WILL
Amount
Varies
Deadline
Rolling / Open
Community Partner Grants
THE COMMUNITY FOUNDATION OF WILL
Amount
Varies
Deadline
Rolling / Open
Donor Advised Grants
THE COMMUNITY FOUNDATION OF WILL
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MATT SCHIMANSKI | CHAIR | 2 | — |
| PETER COLARELLI | VICE CHAIR | 1 | — |
| DR NADIA CARPANZANO | SECRETARY | 1 | — |
| MARC GORSCH | TREASURER | 1 | — |
| EDNA BRASS | BOARD MEMBER | 1 | — |
| DR DAVID LIVINGSTON | BOARD MEMBER | 1 | — |
| TYLER QUALIO JD | BOARD MEMBER | 1 | — |
| DR THERESA ROUSE | BOARD MEMBER | 1 | — |
| TRICIA SIMPSON | BOARD MEMBER | 1 | — |
| RODNEY TONELLI | BOARD MEMBER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Community Foundation of Will?
The Community Foundation of Will is a nonprofit organization focused on Community Improvement & Capacity Building, based in FRANKFORT, IL. It holds $10.2M in total assets as of 2024.
How large is The Community Foundation of Will?
As of 2024, The Community Foundation of Will holds $10.2M in total assets with $897K in annual revenue.
Where does The Community Foundation of Will operate?
The Community Foundation of Will has awarded grants in Arizona, Florida, Illinois, Ohio, Wisconsin.
What is The Community Foundation of Will's EIN?
The Community Foundation of Will's EIN (Employer Identification Number) is 76-0821144. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Community Foundation of Will'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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