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.
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
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 |
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 include Illinois Wesleyan Foundation ($250,000), Connections for the Homeless ($100,000), U of I College of Law ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CENTER FOR GIFTED GLENVIEW, IL | SUPPORT OF OPERATIONS | $45,000 |
| CONNECTIONS FOR THE HOMELESS EVANSTON, IL | SUPPORT OF OPERATIONS | $100,000 |
| HOLIDAY SPECTACULAR BLOOMINGTON, IL | SUPPORT OF OPERATIONS | $35,000 |
| ILLINOIS BAR FOUNDATION CHICAGO, IL | SUPPORT OF OPERATIONS | $25,000 |
| ILLINOIS PRAIRIE COMMUNITY FOUNDATION BLOOMINGTON, IL | SUPPORT OF OPERATIONS | $55,000 |
| ILLINOIS WESLEYAN FOUNDATION BLOOMINGTON, IL | SUPPORT OF OPERATIONS | $250,000 |
| JUDD GOLDMAN ADAPTIVE SAILING FOUNDATION CHICAGO, IL | SUPPORT OF OPERATIONS | $50,000 |
| KNOX COLLEGE GALESBURG, IL | SUPPORT OF OPERATIONS | $22,667 |
| MUSIC CONNECTIONS FOUNDATION BLOOMINGTON, IL | SUPPORT OF OPERATIONS | $17,304 |
| 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 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.
Explore Open Grants
Browse active grant opportunities in The Jerome Mirza Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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