The Iwan Foundation
The Iwan Foundation is a private foundation, based in Sarasota, FL. IRS filing data is available from 2020 through 2023. In 2023, it awarded 2 grants totaling $177K. Net investment income was $3K.
The Iwan Foundation at a glance
In short: The Iwan Foundation gave $177K across 2 grants in 2023 (avg $89K), mostly in Illinois. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $177,102
- +752.8% vs 2022
- Grants made (2023)
- 2
- +0.0% vs 2022
- Average grant
- $88,551
- +752.8% vs 2022
- Median grant
- $88,551
- Primary geography
- Illinois (100% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who The Iwan Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2023
The largest 2023 recipient was University of Illinois Foundation ($177K across 2 grants).
Grant Size Distribution
24 grants across all recorded years
The most common grant size was under $50K: 22 grants of 24 (92%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2023 grant dollars across all 2 itemized grants.
Cities
How The Iwan Foundation gives
- Giving grew 503% from 2020 to 2023. Method
- In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2023, annual grant giving ranged from $21K (2022) to $177K (2023). In 2023 it made 2 grants totaling $177K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Illinois Foundation Urbana, IL | General Donation | $109,801 |
| University of Illinois Foundation Urbana, IL | General Donation | $67,301 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2023 | — | $12,558 | $186,978 | $177,102 | 2 | $177,102 | $2,682 | $8,302 |
| 2022 | $166,821 | $24 | $22,483 | $20,766 | 2 | $20,766 | $4,919 | $9,272 |
| 2021 | $220,230 | $9,854 | $32,806 | $28,340 | 11 | $28,340 | $4,594 | $11,260 |
| 2020 | $212,953 | $-6,682 | $33,344 | $29,358 | 9 | — | $585 | $10,181 |
Under IRS private-foundation payout rules, The Iwan Foundation reported a distributable amount of $8K for 2023 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Iwan Foundation is led by Lori Iwan, President on every filing since 2020; none of the 5 officers listed in 2023 report compensation.
Officers on the 2023 filing
Lori Iwan
President
On filings since 2020
1 hr/week
No compensation reported
Allison Vogelmeier
Director
On filings since 2020
1 hr/week
No compensation reported
Isabella Iwan
Director
On filings since 2020
1 hr/week
No compensation reported
Lee Iwan Andrade
Director
On filings since 2020
1 hr/week
No compensation reported
Lee Iwan
Secretary
On filings since 2022
1 hr/week
No compensation reported
Former officers (1)
- Former: Lee Iwan Roble (2020–2021) — Secretary
Data from IRS Form 990 filings, 2020–2023. "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 Iwan Foundation
How much does The Iwan Foundation give each year?
The Iwan Foundation gave $177K across 2 grants in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $21K across 2 grants.
Where does The Iwan Foundation operate?
The Iwan Foundation has awarded grants in Florida, Illinois, New Jersey, New York, Virginia.
How much is The Iwan Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, The Iwan Foundation reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Iwan Foundation's EIN?
The Iwan Foundation's EIN (Employer Identification Number) is 20-0968193. IRS Form 990 filing data is available on this page for 2020–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 24, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 24, 2022)
- IRS filings on file for fiscal years 2020–2023
Live grants for the work The Iwan Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in The Iwan Foundation's focus areas in our free grants database
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