Three Canopies Foundation Inc

WHEATON, IL EIN: 87-1031587

Three Canopies Foundation Inc is a private foundation, based in WHEATON, IL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $108K in total assets. In 2024, it awarded 9 grants totaling $6K. Net investment income was $2K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$108K

+18.8% YoY

Annual Giving

$6K

+21.0% YoY

Grant Count

9

+12.5% YoY

Avg Grant Size

$672.222

+7.6% YoY

Under IRS private-foundation payout rules, Three Canopies Foundation Inc reported a distributable amount of $5K for 2024 — the minimum it must pay out in qualifying distributions.

About Three Canopies Foundation Inc

Based on IRS filings

Three Canopies Foundation Inc is a private foundation, based in WHEATON, IL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $108K in total assets. In 2024, it awarded 9 grants totaling $6K. Net investment income was $2K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1states

States

Cities

AuroraGenevaGlen EllynNapervilleSt CharlesWheatonWoodridge

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$12K$24K$37K$49K2021202220232024
Metric202420232022
Total Assets$108,290$91,123$73,960
Revenue$17,315$22,331$36,553
Expenses$6,198$5,168$3,547
Qualifying Distributions$6,050$5,000$3,450
Net Investment Income$1,628$850$649
Distributable Amount$5,278$2,935$2,376

Giving Over Time

Total grant dollars and number of grants per year

$0$2K$3K$5K$6K5 grants20217 grants20228 grants20239 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2024

DuPage PADS$1KLoaves Fishes Community …$1KPeoples Resource Center$1KLazarus House$800Bridge Communities$750Hesed House$500West Suburban Community …$400Midwest Shelter for Home…$350Community Housing Advocacy$200

Grant Size Distribution

29 grants across all recorded years

29<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include DuPage PADS ($1,050), Loaves Fishes Community Services ($1,000), Peoples Resource Center ($1,000).

RecipientPurposeAmount
DuPage PADS Wheaton, ILhomeless shelter services$1,050
Hesed House Aurora, ILhomeless shelter services$500
Loaves Fishes Community Services Naperville, ILfood and self-sufficieny services to indigents$1,000
Lazarus House St Charles, ILfood and shelter services to indigents$800
Midwest Shelter for Homeless Vets Wheaton, ILshelter and self-sufficiency services to homeless vets and families$350
Community Housing Advocacy Wheaton, ILprovide affordable community housing$200
Peoples Resource Center Wheaton, ILself-sufficiency services and products$1,000
West Suburban Community Pantry Woodridge, ILfood services$400
Bridge Communities Glen Ellyn, ILhomeless and self-sufficiency services$750

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
David PetersonDirector1
Amy PetersonDirector0.1
Curtis PetersonDirector0.1

Frequently Asked Questions

How large is Three Canopies Foundation Inc?

As of 2024, Three Canopies Foundation Inc holds $108K in total assets with $17K in annual revenue. It awarded 9 grants totaling $6K in 2024.

Where does Three Canopies Foundation Inc operate?

Three Canopies Foundation Inc has awarded grants in Illinois.

What size grants does Three Canopies Foundation Inc award?

In 2024, Three Canopies Foundation Inc awarded 9 grants totaling $6K — an average of about $672.222 per grant, based on its IRS Form 990 filings.

How much is Three Canopies Foundation Inc required to give away each year?

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

What is Three Canopies Foundation Inc's EIN?

Three Canopies Foundation Inc's EIN (Employer Identification Number) is 87-1031587. IRS Form 990 filing data is available on this page for 2021–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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