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
Under IRS private-foundation payout rules, The Rick and Tina Malnati reported a distributable amount of $173K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Northwestern Memorial Foundation ($397,500), St Catherine of Siena St Lucy ($56,400), Lou Malnati Cancer Research Fund ($12,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN LIVER FOUNDATION WEST ORANGE, NJ | GENERAL | $200 |
| ARMENIAN RELIEF MISSION WINNETKA, IL | GENERAL | $10,000 |
| BOYS HOPE GIRLS HOPE WILMETTE, IL | GENERAL | $7,500 |
| BRADLEY UNIVERSITY ATHLETICS PEORIA, IL | GENERAL | $5,000 |
| BY THE HAND CHICAGO, IL | GENERAL | $10,000 |
| CHICAGO HOPE ACADEMY CHICAGO, IL | GENERAL | $2,500 |
| CHICAGO JESUIT ACADEMY CHICAGO, IL | GENERAL | $2,500 |
| CITY YEAR BOSTON, MA | GENERAL | $7,500 |
| ELM MINISTRIES PEOTONE, IL | GENERAL | $10,000 |
| EVANSTON DANCE CENTER EVANSTON, IL | GENERAL | $6,000 |
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
Frequently Asked Questions
What does The Rick and Tina Malnati fund?
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.
How do I apply for a grant from The Rick and Tina Malnati?
**Grant Activity:** • Total giving in 2024: $595,075 • Number of grants awarded in 2024: 17 grants • Average grant size: $200,000–$430,000 range • Typical grant amounts reported: $133 median **Applicant Information:** The foundation is open to new applicants, with approximately 12% of new applicants receiving funding. **Recent Grant Recipients:** The foundation has provided support to the Lou Malnati - Cancer Research Fund, indicating some alignment with health-related charitable initiatives.
Where does The Rick and Tina Malnati make 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
What size grants does The Rick and Tina Malnati award?
In 2024, The Rick and Tina Malnati awarded 32 grants totaling $595K — an average of about $19K per grant, based on its IRS Form 990 filings.
How much is The Rick and Tina Malnati required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Rick and Tina Malnati reported a distributable amount of $173K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Rick and Tina Malnati's EIN?
The Rick and Tina Malnati's EIN (Employer Identification Number) is 81-5011883. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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