The Karnes Memorial Fund
The Karnes Memorial Fund is a private foundation based in Fairbury, Illinois. The fund operates with Bank of Pontiac serving as trustee and is classified as a 501(c)(3) organization.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$992K
-0.5% YoY
Annual Giving
$111K
+0.2% YoY
Grant Count
50
+25.0% YoY
Avg Grant Size
$2K
-19.8% YoY
Grantmaking
The foundation maintains modest grant-making activity with the following financial profile:
Grant Range
** $1,150–$4,075
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Geographic Focus
Where this funder awards grants
The foundation's funding priorities are primarily concentrated in Illinois, with particular activity in the Fairbury area.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Based on the most recent IRS Form 990 filing (2024):
- Total Assets: $992,188
- Total Giving: $110,650
The foundation maintains Form 990 filings available for review covering fiscal years 2020 through 2024.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $992,188 | $996,696 | $1,008,663 |
| Revenue | $156,125 | $155,418 | $181,570 |
| Expenses | $160,633 | $167,385 | $163,497 |
| Qualifying Distributions | $126,581 | $126,422 | $126,235 |
| Net Investment Income | $121,691 | $115,666 | $147,582 |
| Distributable Amount | $194,164 | $126,124 | $127,284 |
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
225 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THOMAS L LADEAIROUS | CHAIRMAN | 5 | — |
| DARYL EVANS | TRUSTEE | 5 | — |
| BANK OF PONTIAC | TRUSTEE | 5 | $11,765 |
| NADDENE PILGRIM | TRUSTEE | 5 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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