The Cuneo Foundation
The Cuneo Foundation is a philanthropic organization based in Vernon Hills, Illinois, operating as a 501(c)(3) tax-exempt entity since January 1948. The foundation maintains assets of $12.7 million and supports charitable causes primarily within Illinois communities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$706K
+24.7% YoY
Grant Count
24
+0.0% YoY
Avg Grant Size
$29K
+24.7% YoY
Under IRS private-foundation payout rules, The Cuneo Foundation reported a distributable amount of $289K for 2024 — the minimum it must pay out in qualifying distributions.
Grantmaking
The foundation awarded $566,000 in grants during 2024 across 24 grants, with an average grant size of approximately $98. The foundation is open to new applicants, with approximately 12% of new applicants receiving funding.
Grant Range
of approximately $98. The foundation is open to new applicants, with approximately 12% of new applicants receiving funding.
Average Grant
of approximately $98. The foundation is open to new applicants, with approximately 12% of new applicants receiving funding.
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Geographic Focus
Where this funder awards grants
The Cuneo Foundation supports various cities within Illinois, including:
- Aurora
- Chicago
- Kankakee
- Lisle
- Mundelein
- River Forest
- Waukegan
- Wilmette
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets: $12.7 million (2023), representing a 2.6% increase from the previous year
Annual Giving: $566,000 (2024)
Revenue: −$1.91 million (2023)
Expenses: $701,447 (2023)
Total Liabilities: $0 (2023)
Expense Ratio: −36.7% of total revenue spent on programs
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | $12,663,353 | $11,394,134 |
| Revenue | $329,039 | $-1,910,206 | $946,986 |
| Expenses | $805,432 | $701,447 | $787,942 |
| Qualifying Distributions | $755,716 | $620,225 | $715,471 |
| Net Investment Income | $279,323 | $306,518 | $874,515 |
| Distributable Amount | $288,518 | $599,901 | $605,654 |
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
118 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Benedictine University ($50,000), Loyola University ($50,000), St Xavier University ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Carmel Catholic HIGH SCHOOL MUNDELEIN, IL | NEEDS BASED SCHOLARSHIP | $24,000 |
| CHRIST THE KING JESUIT COLLEGE PREP CHICAGO, IL | NEEDS BASED SCHOLARSHIP | $24,000 |
| CRISTO REY JESUIT HIGH SCHOOL CHICAGO, IL | NEEDS BASED SCHOLARSHIP | $24,000 |
| CRISTO REY ST MARTIN COLLEGE PREP WAUKEGAN, IL | NEEDS BASED SCHOLARSHIP | $24,000 |
| DE LA SALLE INSTITUTE CHICAGO, IL | NEEDS BASED SCHOLARSHIP | $24,000 |
| JOSEPHINUM ACADEMY Chicago, IL | NEEDS BASED SCHOLARSHIP | $24,000 |
| Marmion Academy -Catholic college p AURORA, IL | NEEDS BASED SCHOLARSHIP | $24,000 |
| SACRED HEART ACADEMY CHICAGO, IL | NEEDS BASED SCHOLARSHIP | $24,000 |
| REGINA DOMINICAN HIGH SCHOOL WILMETTE, IL | NEEDS BASED SCHOLARSHIP | $24,000 |
| BENEDICTINE UNIVERSITY LISLE, IL | NEEDS BASED SCHOLARSHIP | $50,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation's leadership team comprises volunteer board members who serve without compensation:
- Michael J. Garanzini SJ (President)
- Andrea Hasten (Vice Chairman)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL J GARANZINI SJ | President | 1 | — |
| MSGR KENNETH J VELO | DIRECTOR | 1 | — |
| JOAN E STEEL | Treasurer | 1 | — |
| KATHRYN WHITE | Secretary | 1 | — |
| PIERCE WHITE | Director | 1 | — |
Frequently Asked Questions
How do I apply for a grant from The Cuneo Foundation?
The foundation awarded $566,000 in grants during 2024 across 24 grants, with an average grant size of approximately $98. The foundation is open to new applicants, with approximately 12% of new applicants receiving funding. In the previous year, the foundation made 5,549 total grants, indicating a significant volume of grantmaking activity.
Where does The Cuneo Foundation make grants?
The Cuneo Foundation supports various cities within Illinois, including: • Aurora • Chicago • Kankakee • Lisle • Mundelein • River Forest • Waukegan • Wilmette
What size grants does The Cuneo Foundation award?
In 2024, The Cuneo Foundation awarded 24 grants totaling $706K — an average of about $29K per grant, based on its IRS Form 990 filings.
How much is The Cuneo Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Cuneo Foundation reported a distributable amount of $289K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Cuneo Foundation's EIN?
The Cuneo Foundation's EIN (Employer Identification Number) is 36-2261606. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Cuneo Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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