The Kathleen B and Charles R Walgreen Iii
The Kathleen B and Charles R Walgreen Iii is a private foundation, based in FRANKFORT, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 1 grants totaling $750K. Net investment income was $346K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.5M
-18.7% YoY
Annual Giving
$750K
+146.5% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$750K
+146.5% YoY
Under IRS private-foundation payout rules, The Kathleen B and Charles R Walgreen Iii reported a distributable amount of $101K for 2024 — the minimum it must pay out in qualifying distributions.
About The Kathleen B and Charles R Walgreen Iii
Based on IRS filings
The Kathleen B and Charles R Walgreen Iii is a private foundation, based in FRANKFORT, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 1 grants totaling $750K. Net investment income was $346K.
Ready to take the next step with The Kathleen B and Charles R Walgreen Iii?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,542,817 | $1,898,694 | $1,975,540 |
| Revenue | $415,469 | $291,825 | $725,219 |
| Expenses | $774,234 | $349,675 | $292,521 |
| Qualifying Distributions | $754,817 | $313,626 | $262,045 |
| Net Investment Income | $346,052 | $267,485 | $709,104 |
| Distributable Amount | $101,146 | $110,921 | $122,108 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include See Statement Attached ($749,573).
| Recipient | Purpose | Amount |
|---|---|---|
| SEE STATEMENT ATTACHED FRANKFORT, IL | SEE STATEMENT ATTACHED | $749,573 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KATHLEEN B WALGREEN | PRESIDENT - PART TIME | — | — |
| EDWARD H KING | SECRETARY- PART TIME | — | — |
| PATRICIA DAMISCH | TREASURER-PART TIME | — | — |
| TAD WALGREEN | TRUSTEE-PART TIME | — | — |
Frequently Asked Questions
How large is The Kathleen B and Charles R Walgreen Iii?
As of 2024, The Kathleen B and Charles R Walgreen Iii holds $1.5M in total assets with $415K in annual revenue. It awarded 1 grants totaling $750K in 2024.
Where does The Kathleen B and Charles R Walgreen Iii operate?
The Kathleen B and Charles R Walgreen Iii has awarded grants in Illinois.
What size grants does The Kathleen B and Charles R Walgreen Iii award?
In 2024, The Kathleen B and Charles R Walgreen Iii awarded 1 grants totaling $750K — an average of about $750K per grant, based on its IRS Form 990 filings.
How much is The Kathleen B and Charles R Walgreen Iii required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Kathleen B and Charles R Walgreen Iii reported a distributable amount of $101K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Kathleen B and Charles R Walgreen Iii's EIN?
The Kathleen B and Charles R Walgreen Iii's EIN (Employer Identification Number) is 36-3486435. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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