The Rick and Tina Malnati Charitable Foundation is a private grantmaking foundation based in Northfield, Illinois. Established as a 501(c)(3) organization, the foundation became tax-exempt in May 2017. The foundation operates as an independent foundation focused on philanthropic giving across multiple regions of the United States.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.9M
+39.0% YoY
Annual Giving
$595K
+19.9% YoY
Grant Count
32
+88.2% YoY
Avg Grant Size
$19K
-36.3% YoY
Mission & Focus Areas
The foundation's primary funding interests include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
The foundation supports philanthropic initiatives across multiple U.S. cities and states, with particular geographic concentration in Illinois, New Jersey, Virginia, New York, and Massachusetts.
Grantmaking
The foundation is open to new applicants, with approximately 12% of new applicants receiving funding.
Grant Range
$200,000–$430,000 range
Average Grant
$200,000–$430,000 range
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Geographic Focus
Where this funder awards grants
The foundation funds initiatives across multiple U.S. locations and states, including:
- Illinois (primary focus)
- New Jersey
- Virginia
- New York
- Massachusetts
- Cities including Chicago, New York, and Boston
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2023-2024):
- Total assets: $3.55M–$4.93M (varies by reporting source and year)
- Total revenue (2023): $1.52M
- Total expenses (2023): $516,000
- Annual grants awarded (2024): $496,000
- Expense ratio: 34.0% of total revenue spent on programs
- Total liabilities: $0
Financial Trend: Assets increased 2.6% from the previous year.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,933,495 | $3,550,267 | $3,041,181 |
| Revenue | $2,783,428 | $1,519,653 | $193,796 |
| Expenses | $629,027 | $516,006 | $105,676 |
| Qualifying Distributions | $595,090 | $497,420 | $71,080 |
| Net Investment Income | $943,151 | $697,924 | $50,905 |
| Distributable Amount | $173,189 | $133,610 | $158,203 |
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
114 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Key personnel include:
- Rick Malnati – President
- Christina Malnati – Vice President
- Keith Cantrell – Secretary
- Anthony Malnati – Director
None of the key personnel receive compensation for their roles.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICK MALNATI | PRESIDENT. | 0.5 | — |
| CHRISTINA MALNATI | VP | 0.5 | — |
| KEITH CANTRELL | SECRETARY | — | — |
| ANTHONY MALNATI | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
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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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