The Whitney Foundation

Foundation · Grantmaker Elmwood, IL EIN: 37-1312678

The Whitney Foundation is a private foundation, based in Elmwood, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $595K in total assets. In 2024, it awarded 8 grants totaling $24K. Net investment income was $36K.

Key facts about The Whitney Foundation

EIN: 37-1312678
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $23,700
Grants made (2024): 8
Average grant: $2,963
Median grant: $1,750
Total assets: $594,833
Primary geography: Illinois (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who The Whitney Foundation funds

By grant dollars, the top recipient states for The Whitney Foundation's 8 itemized 2024 grants were Illinois (100%). The most frequent recipient cities were Elmwood, IL (6 grants). None of its 8 grants with a stated purpose were described as general or operating support. Recurring purposes include "Support" (3 grants).

How The Whitney Foundation gives

Giving fell 48% from 2021 to 2024. Method
In 2024 it paid out 72% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with The Whitney Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$595K

+2.2% YoY

Annual Giving

$24K

-22.5% YoY

Grant Count

+14.3% YoY

Avg Grant Size

$3K

-32.2% YoY

Under IRS private-foundation payout rules, The Whitney Foundation reported a distributable amount of $36K for 2024 — the minimum it must pay out in qualifying distributions.

About The Whitney Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Illinois $24K (100%)

Share of all 8 itemized 2024 grant dollars.

States

Illinois Michigan Missouri Tennessee Texas Utah

Cities

ElmwoodPeoriaUrbanaCantonDallasEmdenMemphisRockfordSalt Lake CitySpringfieldSt Louis

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$594,833	$582,103	$589,277
Revenue	$42,075	$32,960	$24,297
Expenses	$34,345	$40,134	$54,037
Qualifying Distributions	$25,825	$32,588	$45,600
Net Investment Income	$35,912	$25,668	$18,269
Distributable Amount	$35,820	$34,316	$36,447

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 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 8 recipients in 2024

Grant Size Distribution

46 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Elmwood Police Department ($8,000), Elmwood Historical Group ($6,000), Elmwood Fire Department ($5,000).

Recipient	Purpose	Amount
ELMWOOD POLICE DEPARTMENT Elmwood, IL	TO SUPPORT THE POLICE DEPARTMENT OF ELMWOOD, IL	$8,000
ELMWOOD HISTORICAL GROUP Elmwood, IL	FOR PRESERVATION OF LOCAL HISTORICAL ITEMS	$6,000
ELMWOOD FIRE DEPARTMENT Elmwood, IL	TO SUPPORT THE FIRE DEPARTMENT OF ELMWOOD, IL	$5,000
BYE AMBULANCE SERVICE Elmwood, IL	TO SUPPORT EMERGENCY RESCUE SERVICE	$3,000
GRAHAM HOSPITAL FOUNDATION Canton, IL	SUPPORT	$500
ELMWOOD BUSINESS WOMEN Elmwood, IL	SUPPORT	$500
ST PETER LUTHERAN CHURCH Emden, IL	SUPPORT	$500
ELMWOOD COMMUNITY FOUNDATION Elmwood, IL	SUPPORT OF THE CLAUDE W KEEFER INDUSTRIAL ARTS BUILDING	$200

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
Linda B Whitney	President/Director	5	—
Douglas R Whitney	VP/Secr./Treas./Director	5	—
Ethan a Whitney	Vice President/Director	5	—
Clifford L Bateman	Director	5	—

Frequently Asked Questions

How large is The Whitney Foundation?

As of 2024, The Whitney Foundation holds $595K in total assets with $42K in annual revenue. It awarded 8 grants totaling $24K in 2024.

Where does The Whitney Foundation operate?

The Whitney Foundation has awarded grants in Illinois, Michigan, Missouri, Tennessee, Texas, Utah.

What size grants does The Whitney Foundation award?

In 2024, The Whitney Foundation awarded 8 grants totaling $24K — an average of about $3K per grant, based on its IRS Form 990 filings.

How much is The Whitney Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Whitney Foundation reported a distributable amount of $36K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.