The Rick and Tina Malnati
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.
Key facts about The Rick and Tina Malnati
- EIN
- 81-5011883
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $595,075
- Grants made (2024)
- 32
- Average grant
- $18,596
- Median grant
- $4,500
- New grantees (estimate)
- 28% first-time grantees (9 of 32, 2024)
- Total assets
- $4,933,495
- Primary geography
- Illinois (94% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The Rick and Tina Malnati funds
By grant dollars, the top recipient states for The Rick and Tina Malnati's 32 itemized 2024 grants were Illinois (94%). The most frequent recipient cities were Chicago, IL (8 grants), Winnetka, IL (3 grants) and Evanston, IL (3 grants). 100% of grants with a stated purpose were for general or operating support.
Is The Rick and Tina Malnati open to new grantees?
28%
first-time grantees, 2024
In 2024, 9 of 32 grantees (28%) were first-time recipients. First grants averaged $2K; repeat grants $25K. How we count
Medians: $3K first-time, $6K repeat.
- 38% of 2024 grantees were also funded in 2023. Method
- Giving grew 27% from 2021 to 2024. Method
- In 2024 it paid out 344% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The Rick and Tina Malnati
- How to evaluate The Rick and Tina Malnati as a funder
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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
Ready to take the next step with The Rick and Tina Malnati?
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
Share of all 32 itemized 2024 grant dollars.
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 |
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
114 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Northwestern Memorial Foundation ($397,500), St Catherine of Siena St Lucy ($56,400), Lou Malnati Cancer Research Fund ($12,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NORTHWESTERN MEMORIAL FOUNDATION Chicago, IL | GENERAL | $397,500 |
| ST CATHERINE OF SIENA ST LUCY Oak Park, IL | GENERAL | $56,400 |
| LOU MALNATI CANCER RESEARCH FUND Buffalo Grove, IL | GENERAL | $12,000 |
| ARMENIAN RELIEF MISSION Winnetka, IL | GENERAL | $10,000 |
| BY THE HAND Chicago, IL | GENERAL | $10,000 |
| ELM MINISTRIES Peotone, IL | GENERAL | $10,000 |
| MUDGIRLS STUDIO Linwood, NJ | GENERAL | $10,000 |
| PICKLES GROUP Winnetka, IL | GENERAL | $10,000 |
| ST PETER AND ST PAUL Glenview, IL | GENERAL | $10,000 |
| BOYS HOPE GIRLS HOPE Wilmette, IL | GENERAL | $7,500 |
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
No officer or director reported compensation in the available filings.
From 2024 IRS 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 September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.