The Ivy Foundation Inc

Foundation · Grantmaker 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.

Key facts about The Ivy Foundation Inc

In short: The Ivy Foundation Inc gave $24K across 5 grants in 2024 (avg $5K), mostly in Illinois. Source: 2024 IRS Form 990-PF.

EIN
86-1876818
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$23,600
Grants made (2024)
5
Average grant
$4,720
Median grant
$3,600
Total assets
$833,812
Primary geography
Illinois (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$834K

-0.4% YoY

Annual Giving

$24K

Grant Count

5

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.

How The Ivy Foundation Inc gives

  • In 2024 it paid out 70% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of all 5 itemized 2024 grant dollars.

States

Cities

BerwynFlossmoorMattesonOakbrookWoodridge

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K0 grants20220 grants20235 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Sabrina Demaret: $7KSabrina Demaret$7KAnia M Fervil: $7KAnia M Fervil$7KPearla Garcia: $4KPearla Garcia$4KThe Puddle Project: $3KThe Puddle Project$3KAdvocate Charitable Foundation: $3KAdvocate Charitable Foundation$3K

Grant Size Distribution

5 grants across all recorded years

5<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
SABRINA DEMARET Matteson, ILTUITION AND OTHER EXPENSES OF NURSING PROGRAM AT ROOSEVELT UNIVERSITY.$7,000
ANIA M FERVIL Woodridge, ILASSISTANCE FOR TUITION FEES.$7,000
PEARLA GARCIA Berwyn, ILON 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
THE PUDDLE PROJECT Flossmoor, ILFOR THE BENEFIT OF XIOMARIA WILLIAMS AS SCHOLARSHIP GRANT.$3,000
ADVOCATE CHARITABLE FOUNDATION Oakbrook, ILFOR THE ADVOCATE TRINITY HOSPITAL STAFF STUDENT SCHOLARSHIP.$3,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$25K$50K$75K$100K202220232024
Metric202420232022
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

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2022–2024

Leadership & Key People

Officers and directors from IRS filings

The Ivy Foundation Inc is led by Rudyard Smith, President on every filing since 2022; none of the 5 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Rudyard Smith

    President

    On filings since 2022

    No compensation reported

  • Greg Farley

    Director

    On filings since 2022

    No compensation reported

  • Kiritkumar Trivedi

    Director

    On filings since 2022

    No compensation reported

  • Rose Uwidia

    Director

    On filings since 2022

    No compensation reported

  • Maria Smith

    Vice President

    On filings since 2022

    No compensation reported

Data from IRS Form 990 filings, 2022–2024. "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 Ivy Foundation Inc

How much does The Ivy Foundation Inc give each year?

The Ivy Foundation Inc gave $24K across 5 grants in 2024, according to its 2024 IRS Form 990-PF.

What is The Ivy Foundation Inc's typical grant size?

The Ivy Foundation Inc's median grant in 2024 was $3,600, and its average grant was $4,720, across 5 grants on its 2024 IRS Form 990-PF.

Where does The Ivy Foundation Inc give grants?

The Ivy Foundation Inc gives mostly in Illinois: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.

Does The Ivy Foundation Inc give general operating support?

Not in 2024: none of the 5 grants with a stated purpose on The Ivy Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support.

Who are The Ivy Foundation Inc's largest grantees?

The Ivy Foundation Inc's largest 2024 grantees include Sabrina Demaret ($7,000), Ania M Fervil ($7,000) and Pearla Garcia ($3,600), according to its 2024 IRS Form 990-PF. Together they received 75% of its itemized 2024 grant dollars.

How large is The Ivy Foundation Inc?

The Ivy Foundation Inc reported $834K in total assets on its 2024 IRS Form 990-PF. It paid out $29K in qualifying distributions that year, against a required minimum of $41K (roughly 5% of its investment assets).

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.

What is The Ivy Foundation Inc's EIN?

The Ivy Foundation Inc's EIN (Employer Identification Number) is 86-1876818. IRS Form 990 filing data is available on this page for 2022–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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