The Denicolo Family Foundation Inc
The Denicolo Family Foundation Inc is a private foundation based in Lake Forest, Illinois. It reported 11 grants totaling $195,241 in 2024, all to recipients in Illinois.
The Denicolo Family Foundation Inc at a glance
In short: The Denicolo Family Foundation Inc gave $195K across 11 grants in 2024 (avg $18K), mostly in Illinois. 45% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $195,241
- +78.2% vs 2023
- Grants made (2024)
- 11
- +22.2% vs 2023
- Average grant
- $17,749
- +45.8% vs 2023
- Median grant
- $5,000
- Total assets
- $360,195
- -35.6% vs 2023
- New grantees (estimate)
- 45% first-time grantees (5 of 11, 2024; small sample)
- Primary geography
- Illinois (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Denicolo Family Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 270 Overlook Drive, Lake Forest, IL 60045
Phone: (312) 670-7444
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Denicolo Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Be Well Studio ($100K). Together the top 10 received $195K.
Grant Size Distribution
39 grants across all recorded years
The most common grant size was under $50K: 35 grants of 39 (90%).
Geographic Focus
Where this funder awards grants
All 2024 grant dollars went to recipients in Illinois. The foundation is based in Lake Forest, Illinois.
Grant Distribution by State
Share of 2024 grant dollars across all 11 itemized grants.
Cities
Is The Denicolo Family Foundation Inc open to new grantees?
45%
first-time grantees, 2024
In 2024, 5 of 11 grantees (45%) were first-time recipients. With only 11 grantees, that is a small sample: one grantee more or less moves the share by about 9 points. First grants averaged $22K; repeat grants $14K. How we count
Medians: $4K first-time, $9K repeat.
- 55% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+18%). Method
- In 2024 it paid out 383% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $3K (2020) to $195K (2024). In 2024 it made 11 grants totaling $195K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Be Well Studio Lake Forest, IL | General Charitable Support | $100,000 |
| Farmworker & Landscaper Advocacy Project Chicago, IL | General Charitable Support | $50,000 |
| Meals on Wheels North Riverside, IL | General Charitable Support | $12,336 |
| Lynn Sage Breast Cancer Foundation Chicago, IL | General Charitable Support | $10,000 |
| Lake Forest Open Lands Association Lake Forest, IL | General Charitable Support | $7,240 |
| Northwestern Lake Forest Hospital Lake Forest, IL | General Charitable Support | $5,000 |
| Little Sisters of the Poor Chicago, IL | General Charitable Support | $4,150 |
| Orchard Village Skokie, IL | General Charitable Support | $3,420 |
| Highland Park Community Foundation Highland Park, IL | General Charitable Support | $2,500 |
| Spirit of 67 Foundation Lake Forest, IL | General Charitable Support | $300 |
Ready to take the next step with The Denicolo Family Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $360,195 | $49,771 | $248,841 | $195,241 | 11 | $199,241 | $36,875 | $52,021 |
| 2023 | $559,265 | $14,366 | $194,378 | $109,550 | 9 | $113,977 | $2,426 | $53,554 |
| 2022 | $739,277 | $9,086 | $47,904 | $40,690 | 7 | $40,690 | $1,872 | $54,752 |
| 2021 | $778,095 | $157,685 | $239,093 | $165,747 | 9 | $167,762 | $147,761 | $58,577 |
| 2020 | $859,503 | $25,805 | $87,195 | $2,625 | 3 | — | $16,475 | $61,143 |
Under IRS private-foundation payout rules, The Denicolo Family Foundation Inc reported a distributable amount of $52K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants went to organizations whose stated missions include breast cancer research, preserving local natural landscapes, serving older adults, supporting people with developmental disabilities, and enriching educational opportunities. For example, the Lynn Sage Breast Cancer Foundation says its mission is to eradicate breast cancer by investing in early-career doctors and innovative research; Lake Forest Open Lands Association says it preserves and maintains local native landscapes; and Orchard Village says it partners with families and communities to support people with developmental disabilities.
Grantmaking
The foundation reported 11 grants totaling $195,241 in 2024, compared with 9 grants totaling $109,550 in 2023 and 7 totaling $40,690 in 2022. In 2024, grant amounts ranged from $295 to $100,000, with a median grant of $5,000. The largest awards were $100,000 to Be Well Studio and $50,000 to Farmworker & Landscaper Advocacy Project. Other notable grants included $12,336 to Meals on Wheels, $10,000 to the Lynn Sage Breast Cancer Foundation, and $7,240 to Lake Forest Open Lands Association. The listed 2024 grants were for general charitable support.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Kathleen Denicolo and Brian Denicolo as trustees.
The Denicolo Family Foundation Inc's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Brian Denicolo
Trustee
On filings since 2020
1 hr/week
No compensation reported
Kathleen Denicolo
Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Denicolo Family Foundation Inc
How much does The Denicolo Family Foundation Inc give each year?
The Denicolo Family Foundation Inc gave $195K across 11 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $110K across 9 grants.
What is The Denicolo Family Foundation Inc's typical grant size?
The Denicolo Family Foundation Inc's median grant in 2024 was $5,000, and its average grant was $17,749, across 11 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Denicolo Family Foundation Inc that year got $22K on average.
Where does The Denicolo Family Foundation Inc give grants?
The Denicolo Family Foundation Inc gives mostly in Illinois: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Lake Forest, IL (5 grants) and Chicago, IL (3 grants).
Does The Denicolo Family Foundation Inc give general operating support?
Yes: 100% of The Denicolo Family Foundation Inc's 2024 grants with a stated purpose (11 of 11) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Denicolo Family Foundation Inc's largest grantees?
The Denicolo Family Foundation Inc's largest 2024 grantees include Be Well Studio ($100,000), Farmworker & Landscaper Advocacy Project ($50,000) and Meals on Wheels ($12,336), according to its 2024 IRS Form 990-PF. Together they received 83% of its itemized 2024 grant dollars.
How large is The Denicolo Family Foundation Inc?
The Denicolo Family Foundation Inc reported $360K in total assets on its 2024 IRS Form 990-PF. It paid out $199K in qualifying distributions that year, against a required minimum of $52K (roughly 5% of its investment assets).
What does The Denicolo Family Foundation Inc fund?
No mission statement for the foundation is provided. Its 2024 grants went to organizations whose stated missions include breast cancer research, preserving local natural landscapes, serving older adults, supporting people with developmental disabilities, and enriching educational opportunities. See mission & focus areas ↑
How do I apply for a grant from The Denicolo Family Foundation Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Denicolo Family Foundation Inc's EIN?
The Denicolo Family Foundation Inc's EIN (Employer Identification Number) is 36-4120421. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Denicolo Family Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 20, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 28, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 2, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 27, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in The Denicolo Family Foundation Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). The Denicolo Family Foundation Inc funder profile. GrantGraph. Retrieved October 6, 2026, from https://grantable.co/funders/the-denicolo-family-foundation-inc-morg_8d9bb4090a564673916f435e993ffec5
BibTeX
@misc{grantable_364120421_2026,
author = {{Grantable}},
title = {{The Denicolo Family Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-denicolo-family-foundation-inc-morg_8d9bb4090a564673916f435e993ffec5},
note = {Accessed 2026-10-06. 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 Denicolo Family Foundation Inc'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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