Wait Family Foundation
Wait Family Foundation is a private foundation, based in Reynolds, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.7M in total assets. In 2024, it awarded 2 grants totaling $128K. Net investment income was $196K.
Wait Family Foundation at a glance
In short: Wait Family Foundation gave $128K across 2 grants in 2024 (avg $64K), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $127,563
- -22.7% vs 2023
- Grants made (2024)
- 2
- -83.3% vs 2023
- Average grant
- $63,782
- +363.9% vs 2023
- Median grant
- $63,782
- Total assets
- $4,721,869
- -3.5% vs 2023
- Primary geography
- Illinois (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Wait Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Reynolds Cemetery Assoc ($118K). Together the top 2 received $128K.
Grant Size Distribution
44 grants across all recorded years
The most common grant size was under $50K: 43 grants of 44 (98%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
How Wait Family Foundation gives
- Giving fell 36% from 2021 to 2024. Method
- In 2024 it paid out 76% 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 2024, annual grant giving ranged from $110K (2020) to $205K (2022). In 2024 it made 2 grants totaling $128K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Reynolds Cemetery Assoc Reynolds, IL | Veterans Monument and Operational Expenses | $117,563 |
| Milan Animal Welfare Center Milan, IL | Operational Expenses | $10,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $4,721,869 | $196,587 | $180,620 | $127,563 | 2 | $177,563 | $196,444 | $234,092 |
| 2023 | $4,891,414 | — | $166,065 | $165,000 | 12 | $165,000 | $107,572 | $235,133 |
| 2022 | $4,754,631 | $19,916 | $205,820 | $205,000 | 12 | $205,000 | $19,916 | $244,019 |
| 2021 | $4,929,479 | $21,496 | $199,632 | $198,000 | 10 | $198,000 | $21,496 | $252,196 |
| 2020 | $5,148,519 | $2,708,427 | $111,495 | $110,000 | 8 | — | $14,769 | $131,157 |
Under IRS private-foundation payout rules, Wait Family Foundation reported a distributable amount of $234K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Wait Family Foundation is led by Norman E. Wait, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Norman E. Wait
President
On filings since 2020
1 hr/week
No compensation reported
Ryan M. Denman
Director
On filings since 2020
1 hr/week
No compensation reported
Lavonne D. Wait
Vice President
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Wait Family Foundation
How much does Wait Family Foundation give each year?
Wait Family Foundation gave $128K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $165K across 12 grants.
How large is Wait Family Foundation?
Wait Family Foundation reported $4.7M in total assets on its 2024 IRS Form 990-PF. It paid out $178K in qualifying distributions that year, against a required minimum of $234K (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.
Where does Wait Family Foundation operate?
Wait Family Foundation has awarded grants in Iowa, Illinois.
What is Wait Family Foundation's EIN?
Wait Family Foundation's EIN (Employer Identification Number) is 81-2663375. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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