Tornquist Family Foundation is a private foundation focused on Education, based in BLOOMINGTON, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $851K in total assets. In 2024, it awarded 27 grants totaling $252K. Net investment income was $20K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$851K
+0.5% YoY
Annual Giving
$252K
-3.1% YoY
Grant Count
27
-34.1% YoY
Avg Grant Size
$9K
+47.2% YoY
Under IRS private-foundation payout rules, Tornquist Family Foundation reported a distributable amount of $60K for 2024 — the minimum it must pay out in qualifying distributions.
About Tornquist Family Foundation
Based on IRS filings
Tornquist Family Foundation is a private foundation focused on Education, based in BLOOMINGTON, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $851K in total assets. In 2024, it awarded 27 grants totaling $252K. Net investment income was $20K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $850,653 | $846,809 | $842,632 |
| Revenue | $310,094 | $335,286 | $101,513 |
| Expenses | $331,250 | $331,109 | $276,444 |
| Qualifying Distributions | $252,347 | $260,398 | $217,276 |
| Net Investment Income | $20,106 | $18,963 | $13,625 |
| Distributable Amount | $60,229 | $50,473 | $8,087 |
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
141 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Other Misc Donations ($150,497), St Vincent Depaul Society ($20,000), Mercy Ships ($12,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN FAMILY INSURANCE DREAMS FOUNDATION MADISON, WI | SUPPORT OF CHARITABLE PURPOSE | $1,500 |
| COMPASSION & CHOICE PORTLAND, OR | SUPPORT OF CHARITABLE PURPOSE | $2,000 |
| FAITH LUTHERAN CHURCH OF MCLEAN CO BLOOMINGTON, IL | SUPPORT OF CHARITABLE PURPOSE | $5,000 |
| FINCA INTERNATIONAL WASHINGTON, DC | SUPPORT OF CHARITABLE PURPOSE | $3,000 |
| FOOD FOR THE HUNGRY PHOENIX, AZ | SUPPORT OF CHARITABLE PURPOSE | $3,000 |
| HABITAT FOR HUMANITY AMERICUS, GA | SUPPORT OF CHARITABLE PURPOSE | $3,000 |
| HEART TO HEART INTERNATIONAL LENEXA, KS | SUPPORT OF CHARITABLE PURPOSE | $1,000 |
| JUDICIAL WATCH WASHINGTON, DC | SUPPORT OF CHARITABLE PURPOSE | $5,000 |
| LEADERSHIP INSTITUTE ARLINGTON, VA | SUPPORT OF CHARITABLE PURPOSE | $3,000 |
| MERCY SHIPS GARDEN VALLEY, TX | SUPPORT OF CHARITABLE PURPOSE | $12,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN TORNQUIST | PRESIDENT | 7 | — |
| JEANETTE TORNQUIST | TREASURER | 20 | — |
| RANDY TORNQUIST | DIRECTOR | — | — |
| KIMBERLY NAVE | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Tornquist Family Foundation?
Tornquist Family Foundation is a private foundation focused on Education, based in BLOOMINGTON, IL. It holds $851K in total assets as of 2024.
How large is Tornquist Family Foundation?
As of 2024, Tornquist Family Foundation holds $851K in total assets with $310K in annual revenue. It awarded 27 grants totaling $252K in 2024.
Where does Tornquist Family Foundation operate?
Tornquist Family Foundation has awarded grants in Arkansas, Arizona, California, Colorado, District of Columbia, Florida, Georgia, Illinois, Kansas, Kentucky, Massachusetts, Michigan, Missouri, Nebraska, New York, Oklahoma, Oregon, Tennessee, Texas, Virginia, Washington, Wisconsin.
What size grants does Tornquist Family Foundation award?
In 2024, Tornquist Family Foundation awarded 27 grants totaling $252K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Tornquist Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Tornquist Family Foundation reported a distributable amount of $60K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Tornquist Family Foundation's EIN?
Tornquist Family Foundation's EIN (Employer Identification Number) is 37-1406955. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Tornquist Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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