Ts & Juanita Ballance Foundation
The TS & Juanita Ballance Foundation is a private independent foundation established in Illinois and tax-exempt since August 2009. Based in Decatur, Illinois, the foundation operates as a 501(c)(3) philanthropic organization with no employees. The foundation manages approximately $9.6 million in assets and distributes grants to charitable and educational causes across multiple states.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.4M
-2.3% YoY
Annual Giving
$579K
-4.8% YoY
Grant Count
21
+0.0% YoY
Avg Grant Size
$28K
-4.8% YoY
Grantmaking
The foundation is an active grantmaker that does not accept unsolicited applications. Recent grant activity includes:
Grant Range
$20,000
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Geographic Focus
Where this funder awards grants
The foundation funds projects across multiple states including Illinois, Kentucky, North Carolina, Ohio, and Tennessee. Specific cities where the foundation has supported work include Assumption, Cincinnati, Clinton, Crossnore, Decatur, Hickman, Lebanon, Patoka, Springfield, and Union City.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $9.6 million
- Total Revenue: $517,573
- Total Expenses: $722,835
- Investment Income and Dividends: $341,096
- Net Gain from Sale of Non-Inventory Assets: $165,577
As of 2023:
- Total Assets: $9.59 million
- Total Revenue: $580,000
- Total Expenses: $741,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,376,199 | $9,594,130 | $9,832,835 |
| Revenue | $517,573 | $579,553 | $282,050 |
| Expenses | $722,835 | $740,822 | $870,165 |
| Qualifying Distributions | $578,641 | $607,700 | $659,830 |
| Net Investment Income | $399,239 | $468,406 | $174,182 |
| Distributable Amount | $637,814 | $579,107 | $607,527 |
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
102 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation's board includes:
- Lori A Massutti
- Charlotte A Ballance
- Katherine Haussermann
- Victoria Ochoa
- Bolen Robinson Ellis LLP
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHELLE O'BRYAN | DIRECTOR | 1 | — |
| CHARLOTTE A BALLANCE | DIRECTOR | 1 | $18,000 |
| BOLEN ROBINSON ELLIS LLP | DIRECTOR | 1 | $18,000 |
| KATHERINE HAUSSERMANN | DIRECTOR | 1 | $7,500 |
| VICTORIA OCHOA | DIRECTOR | 1 | $7,500 |
Contact Information
Address: 132 S Water Street, Suite 300, Decatur, IL 62523-2314
Phone: 217-423-6000
EIN: 26-4741427
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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