The Kharis Foundation Inc
The Kharis Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Schererville, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $46K in total assets. In 2024, it awarded 21 grants totaling $384K. Net investment income was $658.
Key facts about The Kharis Foundation Inc
- EIN
- 02-0814904
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $383,750
- Grants made (2024)
- 21
- Average grant
- $18,274
- Median grant
- $2,000
- Total assets
- $45,555
- Primary geography
- Indiana (81% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Kharis Foundation Inc funds
By grant dollars, the top recipient states for The Kharis Foundation Inc's 21 itemized 2024 grants were Indiana (81%), Illinois (13%) and Michigan (6%). The most frequent recipient cities were Chicago, IL (4 grants), Crown Point, IN (3 grants), Schererville, IN (2 grants) and Dyer, IN (2 grants). 100% of grants with a stated purpose were for general or operating support.
How The Kharis Foundation Inc gives
- Giving grew 90% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with The Kharis Foundation Inc
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$46K
+17.9% YoY
Annual Giving
$384K
+206.4% YoY
Grant Count
21
+16.7% YoY
Avg Grant Size
$18K
+162.6% YoY
Under IRS private-foundation payout rules, The Kharis Foundation Inc reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.
About The Kharis Foundation Inc
Based on IRS filings
The Kharis Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Schererville, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $46K in total assets. In 2024, it awarded 21 grants totaling $384K. Net investment income was $658.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 21 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $45,555 | $38,647 | $53,538 |
| Revenue | $390,718 | $110,400 | $200,363 |
| Expenses | $383,810 | $125,291 | $176,060 |
| Qualifying Distributions | $383,750 | $125,250 | $176,000 |
| Net Investment Income | $658 | $359 | $303 |
| Distributable Amount | $3,816 | $3,156 | $1,565 |
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
59 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Crown Point Christian School ($270,000), Providence Life Services ($25,000), Ada Christian School ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Crown Point Christian School Crown Point, IN | Unrestricted contribution to general fund | $270,000 |
| Providence Life Services Tinley Park, IL | Unrestricted contribution to general fund | $25,000 |
| Ada Christian School Ada, MI | Unrestricted contribution to general fund | $20,000 |
| Crossroads Church Schererville, IN | Unrestricted contribution to general fund | $17,500 |
| Little Sisters of the Poor Chicago, IL | Unrestricted contribution to general fund | $17,000 |
| Illiana Christian High School Dyer, IN | Unrestricted contribution to general fund | $12,500 |
| Women's Center of NWI Crown Point, IN | Unrestricted contribution to general fund | $3,000 |
| Elim Christian Services Crestwood, IL | Unrestricted contribution to general fund | $2,500 |
| InterVarsity Christian Fellowship Madison, WI | Unrestricted contribution to general fund | $2,000 |
| Moody Bible Institute Chicago, IL | Unrestricted contribution to general fund | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Norman Aardema | Pres-Dir | — | — |
| Diane Aardema | Sec-Tre-Dir | — | — |
| Peter Aardema | Dir | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Kharis Foundation Inc?
The Kharis Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Schererville, IN. It holds $46K in total assets as of 2024.
How large is The Kharis Foundation Inc?
As of 2024, The Kharis Foundation Inc holds $46K in total assets with $391K in annual revenue. It awarded 21 grants totaling $384K in 2024.
Where does The Kharis Foundation Inc operate?
The Kharis Foundation Inc has awarded grants in Florida, Illinois, Indiana, Michigan, Minnesota, North Carolina, Wisconsin.
What size grants does The Kharis Foundation Inc award?
In 2024, The Kharis Foundation Inc awarded 21 grants totaling $384K — an average of about $18K per grant, based on its IRS Form 990 filings.
How much is The Kharis Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Kharis Foundation Inc reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Kharis Foundation Inc's EIN?
The Kharis Foundation Inc's EIN (Employer Identification Number) is 02-0814904. 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.