The Jerome Mirza Foundation
The Jerome Mirza Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Bloomington, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $20.4M in total assets. In 2024, it awarded 14 grants totaling $810K. Net investment income was $1.5M.
Key facts about The Jerome Mirza Foundation
- EIN
- 37-1392755
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $809,971
- Grants made (2024)
- 14
- Average grant
- $57,855
- Median grant
- $35,000
- New grantees (estimate)
- 0% first-time grantees (0 of 14, 2024)
- Total assets
- $20,442,738
- Primary geography
- Illinois (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The Jerome Mirza Foundation funds
By grant dollars, the top recipient states for The Jerome Mirza Foundation's 14 itemized 2024 grants were Illinois (100%). The most frequent recipient cities were Bloomington, IL (5 grants) and Chicago, IL (3 grants). None of its 14 grants with a stated purpose were described as general or operating support. Recurring purposes include "Support of Operations" (14 grants).
Is The Jerome Mirza Foundation open to new grantees?
0%
first-time grantees, 2024
In 2024, 0 of 14 grantees (0%) were first-time recipients. How we count
- 100% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+6%). Method
- In 2024 it paid out 94% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The Jerome Mirza Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$20.4M
+12.5% YoY
Annual Giving
$810K
+3.1% YoY
Grant Count
14
-6.7% YoY
Avg Grant Size
$58K
+10.5% YoY
Under IRS private-foundation payout rules, The Jerome Mirza Foundation reported a distributable amount of $951K for 2024 — the minimum it must pay out in qualifying distributions.
About The Jerome Mirza Foundation
Based on IRS filings
The Jerome Mirza Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Bloomington, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $20.4M in total assets. In 2024, it awarded 14 grants totaling $810K. Net investment income was $1.5M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 14 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $20,442,738 | $18,165,254 | $16,114,325 |
| Revenue | $1,567,696 | $670,471 | $510,451 |
| Expenses | $1,007,604 | $992,295 | $1,143,209 |
| Qualifying Distributions | $893,882 | $885,036 | $892,315 |
| Net Investment Income | $1,453,974 | $378,998 | $263,877 |
| Distributable Amount | $950,915 | $834,139 | $868,588 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
72 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Illinois Wesleyan Foundation ($250,000), Connections for the Homeless ($100,000), U of I College of Law ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ILLINOIS WESLEYAN FOUNDATION Bloomington, IL | SUPPORT OF OPERATIONS | $250,000 |
| CONNECTIONS FOR THE HOMELESS Evanston, IL | SUPPORT OF OPERATIONS | $100,000 |
| U OF I COLLEGE OF LAW Champaign, IL | SUPPORT OF OPERATIONS | $100,000 |
| ILLINOIS PRAIRIE COMMUNITY FOUNDATION Bloomington, IL | SUPPORT OF OPERATIONS | $55,000 |
| JUDD GOLDMAN ADAPTIVE SAILING FOUNDATION Chicago, IL | SUPPORT OF OPERATIONS | $50,000 |
| CENTER FOR GIFTED Glenview, IL | SUPPORT OF OPERATIONS | $45,000 |
| HOLIDAY SPECTACULAR Bloomington, IL | SUPPORT OF OPERATIONS | $35,000 |
| PUBLIC INTEREST LAW INITIATIVE Chicago, IL | SUPPORT OF OPERATIONS | $35,000 |
| ILLINOIS BAR FOUNDATION Chicago, IL | SUPPORT OF OPERATIONS | $25,000 |
| PRAIRIE FIRE THEATRE Normal, IL | SUPPORT OF OPERATIONS | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Deborah D Parsons | President/Director | 2.6 | $15,000 |
| Candace R Mirza | Director | 1.6 | $15,000 |
| Thomas M Harris Jr | Secretary/Director | 1.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Jerome Mirza Foundation?
The Jerome Mirza Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Bloomington, IL. It holds $20.4M in total assets as of 2024.
How large is The Jerome Mirza Foundation?
As of 2024, The Jerome Mirza Foundation holds $20.4M in total assets with $1.6M in annual revenue. It awarded 14 grants totaling $810K in 2024.
Where does The Jerome Mirza Foundation operate?
The Jerome Mirza Foundation has awarded grants in Illinois, Maryland.
What size grants does The Jerome Mirza Foundation award?
In 2024, The Jerome Mirza Foundation awarded 14 grants totaling $810K — an average of about $58K per grant, based on its IRS Form 990 filings.
How much is The Jerome Mirza Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Jerome Mirza Foundation reported a distributable amount of $951K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Jerome Mirza Foundation's EIN?
The Jerome Mirza Foundation's EIN (Employer Identification Number) is 37-1392755. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.