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
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
No grants recorded for .
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 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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