Trio Foundation
Trio Foundation is a private foundation, based in Winnetka, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $4.3M in total assets. In 2025, it awarded 3 grants totaling $32K. Net investment income was $73K.
Trio Foundation at a glance
In short: Trio Foundation gave $32K across 3 grants in 2025 (avg $11K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $31,500
- +57.5% vs 2024
- Grants made (2025)
- 3
- +200.0% vs 2024
- Average grant
- $10,500
- -47.5% vs 2024
- Median grant
- $5,000
- Total assets
- $4,309,023
- +0.9% vs 2024
- Primary geography
- Illinois (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Trio Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Ann & Robert H Lurie Children's Hospital of Chicago ($24K). Together the top 3 received $32K.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 16 grants of 18 (89%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How Trio Foundation gives
- Giving fell 84% from 2022 to 2025. Method
- In 2025 it paid out 13% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $20K (2024) to $320K (2020). In 2025 it made 3 grants totaling $32K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ann & Robert H Lurie Children's Hospital of Chicago Chicago, IL | General - Unrestricted | $23,500 |
| Boys & Girls Clubs of Chicago Chicago, IL | General - Unrestricted | $5,000 |
| Canceer Research Foundation - Chicago Chapter Chicago, IL | General - Unrestricted | $3,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $4,309,023 | $107,631 | $70,972 | $31,500 | 3 | $31,500 | $72,989 | $234,585 |
| 2024 | $4,272,364 | $198,129 | $50,751 | $20,000 | 1 | $20,000 | $168,444 | $221,066 |
| 2023 | $4,124,986 | $78,794 | $122,805 | $98,334 | 4 | $98,334 | $80,638 | $194,411 |
| 2022 | $4,168,997 | $115,671 | $231,896 | $193,333 | 5 | $193,333 | $93,518 | $200,230 |
| 2021 | $4,285,222 | $1,098,066 | $218,231 | $193,333 | 5 | $193,333 | $1,073,476 | $208,551 |
| 2020 | $3,405,387 | $113,357 | $335,552 | $320,000 | 6 | — | $97,820 | $7,632 |
Under IRS private-foundation payout rules, Trio Foundation reported a distributable amount of $235K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Trio Foundation is led by Madison Amboian, President & Director since 2023 (on filings since 2020); none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Madison Amboian
President & Director
Director → President & Director, 2023
On filings since 2020
1 hr/week
No compensation reported
Alexander Amboian
Treasurer, Secretary & Director
Director → Treasurer, Secretary & Director, 2023
On filings since 2020
1 hr/week
No compensation reported
Andrew L. Amboian
Director
On filings since 2020
1 hr/week
No compensation reported
Ann L. Amboian
Director
President & Director → Director, 2023
On filings since 2020
3 hrs/week
No compensation reported
John P. Amboian Jr.
Director
Vice President & Treasurer → Director, 2023
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Michael S. Lee (2020–2022) — Secretary & Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Trio Foundation
How much does Trio Foundation give each year?
Trio Foundation gave $32K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $20K across 1 grant.
What is Trio Foundation's typical grant size?
Trio Foundation's median grant in 2025 was $5,000, and its average grant was $10,500, across 3 grants on its 2025 IRS Form 990-PF.
Where does Trio Foundation give grants?
Trio Foundation gives mostly in Illinois: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Chicago, IL (3 grants).
Does Trio Foundation give general operating support?
Yes: 100% of Trio Foundation's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Trio Foundation?
Trio Foundation reported $4.3M in total assets on its 2025 IRS Form 990-PF. It paid out $32K in qualifying distributions that year, against a required minimum of $235K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Trio Foundation's EIN?
Trio Foundation's EIN (Employer Identification Number) is 26-1115900. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
- IRS filings on file for fiscal years 2020–2024
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