Ts & Juanita Ballance Foundation

DECATUR, IL EIN: 26-4741427

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

+0.0% YoY

Avg Grant Size

$28K

-4.8% YoY

Under IRS private-foundation payout rules, Ts & Juanita Ballance Foundation reported a distributable amount of $638K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

Illinois $2.9M (97%)

Ohio $45K (2%)

Tennessee $18K (1%)

Kentucky $11K (0%)

North Carolina $5K (0%)

States

Illinois Kentucky North Carolina Ohio Tennessee

Cities

AssumptionBloomingtonCincinnatiClintonCrossnoreDecaturHickmanLebanonMaconPatokaSpringfieldUnion City

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

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Among its reported 2024 grants, the largest include Richland Community College Foundation ($136,000), Salvation Army ($70,000), Millikin University ($60,000).

Recipient	Purpose	Amount
BOYS AND GIRLS CLUB DECATUR DECATUR, IL	CHARITABLE	$25,000
CATHOLIC CHARITIES DECATUR, IL	CHARITABLE	$20,000
ENCORE DEVELOPMENTAL SERVICES CLINTON, IL	CHARITABLE	$10,000
FRIENDS OF RUSH CREEK CEMETERY INC HICKMAN, KY	CHARITABLE	$2,000
GIRL SCOUTS OF CENTRAL ILLINOIS SPRINGFIELD, IL	CHARITABLE	$5,000
GOD'S SHELTER OF LOVE DECATUR, IL	CHARITABLE	$57,866
GOOD SAMAITAN INN DECATUR, IL	CHARITABLE	$32,000
INTERNATIONAL RETT SYNDROME FOUNDATION CINCINNATI, OH	CHARITABLE	$15,000
MCKENDREE UNIVERSITY LEBANON, IL	EDUCATIONAL	$25,000
MILLIKIN UNIVERSITY DECATUR, IL	EDUCATIONAL	$60,000

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

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

How do I apply for a grant from Ts & Juanita Ballance Foundation?

The foundation is an active grantmaker that does not accept unsolicited applications. Recent grant activity includes: **2024 Grants:** • 21 grants awarded totaling approximately $608,000 • Notable recipients include Richland Community College Foundation ($136,000), Millikin University ($60,000), and God's Shelter of Love ($57,866) **Grant Characteristics:** • Median grant size: $20,000 • Grant range: $2,000 to $136,000 • Annual giving rate: approximately 6.3% of assets • Grants support educatio…

Where does Ts & Juanita Ballance Foundation make grants?

What size grants does Ts & Juanita Ballance Foundation award?

In 2024, Ts & Juanita Ballance Foundation awarded 21 grants totaling $579K — an average of about $28K per grant, based on its IRS Form 990 filings.

How much is Ts & Juanita Ballance Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Ts & Juanita Ballance Foundation reported a distributable amount of $638K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Ts & Juanita Ballance Foundation's EIN?

Ts & Juanita Ballance Foundation's EIN (Employer Identification Number) is 26-4741427. IRS Form 990 filing data is available on this page for 2020–2024.