The Ivy Foundation Inc

SCHERERVILLE, IN EIN: 86-1876818

The Ivy Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SCHERERVILLE, IN. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $834K in total assets. In 2024, it awarded 5 grants totaling $24K. Net investment income was $34K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$834K

-0.4% YoY

Annual Giving

$24K

Grant Count

Avg Grant Size

$5K

Under IRS private-foundation payout rules, The Ivy Foundation Inc reported a distributable amount of $41K for 2024 — the minimum it must pay out in qualifying distributions.

About The Ivy Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Illinois $24K (100%)

States

Illinois

Cities

BerwynFlossmoorMattesonOakbrookWoodridge

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$833,812	$837,534	$763,314
Revenue	$30,865	$83,481	$30,150
Expenses	$30,179	$9,261	$228
Qualifying Distributions	$28,740	$8,512	—
Net Investment Income	$33,660	$25,626	—
Distributable Amount	$41,230	$34,461	$2,758

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Sabrina Demaret ($7,000), Ania M Fervil ($7,000), Pearla Garcia ($3,600).

Recipient	Purpose	Amount
THE PUDDLE PROJECT FLOSSMOOR, IL	FOR THE BENEFIT OF XIOMARIA WILLIAMS AS SCHOLARSHIP GRANT.	$3,000
ADVOCATE CHARITABLE FOUNDATION OAKBROOK, IL	FOR THE ADVOCATE TRINITY HOSPITAL STAFF STUDENT SCHOLARSHIP.	$3,000
SABRINA DEMARET MATTESON, IL	TUITION AND OTHER EXPENSES OF NURSING PROGRAM AT ROOSEVELT UNIVERSITY.	$7,000
PEARLA GARCIA BERWYN, IL	ON 11/5/2024, THE FOUNDATION ISSUED A GRANT OF $3,600 TO PERLA GARCIA, INTENDED TO SUPPORT HER EDUCATIONAL EXPENSES AS A STUDENT AT MIDWAY TRAINING INSTITUTE, WHICH IS OWNED BY THE PRESIDENT OF THE FOUNDATION, RUDYARD SMITH. PERLA GARCIA DID NOT ATTEND OR CONTINUE HER ENROLLMENT AT THE INSTITUTION AND INSTEAD USED THE FUNDS FOR PERSONAL PURPOSES UNRELATED TO HER EDUCATION.UPON DISCOVERING THE MISUSE, THE FOUNDATION IMMEDIATELY WITHHELD ANY FURTHER PAYMENTS AND REFERRED THE MATTER TO LEGAL COUNSEL. LEGAL COUNSEL ENGAGED A COLLECTION AGENCY TO PURSUE RECOVERY.THE COLLECTION AGENCY HAS DETERMINED THAT THERE IS ZERO CHANCE OF RECOVERY. IN ACCORDANCE WITH TREAS. REG. 53.4945-4(C)(4), THE FOUNDATION HAS TAKEN ALL REASONABLE AND APPROPRIATE STEPS TO RECOVER THE MISUSED FUNDS, INCLUDING LEGAL ACTION WHERE APPROPRIATE, AND HAS DETERMINED THAT FURTHER ACTION WOULD NOT LIKELY RESULT IN RECOVERY. THE FOUNDATION HAS MAINTAINED ALL RECORDS RELATED TO THE GRANT.	$3,600
ANIA M FERVIL WOODRIDGE, IL	ASSISTANCE FOR TUITION FEES.	$7,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
RUDYARD SMITH	PRESIDENT	—	—
MARIA SMITH	VICE-PRESIDENT	—	—
GREG FARLEY	DIRECTOR	—	—
KIRITKUMAR TRIVEDI	DIRECTOR	—	—
ROSE UWIDIA	DIRECTOR	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Ivy Foundation Inc?

The Ivy Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SCHERERVILLE, IN. It holds $834K in total assets as of 2024.

How large is The Ivy Foundation Inc?

As of 2024, The Ivy Foundation Inc holds $834K in total assets with $31K in annual revenue. It awarded 5 grants totaling $24K in 2024.

Where does The Ivy Foundation Inc operate?

The Ivy Foundation Inc has awarded grants in Illinois.

What size grants does The Ivy Foundation Inc award?

In 2024, The Ivy Foundation Inc awarded 5 grants totaling $24K — an average of about $5K per grant, based on its IRS Form 990 filings.

How much is The Ivy Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Ivy Foundation Inc reported a distributable amount of $41K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.