Wait Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.7M
-3.5% YoY
Annual Giving
$128K
-22.7% YoY
Grant Count
2
-83.3% YoY
Avg Grant Size
$64K
+363.9% YoY
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.
About Wait Family Foundation
Based on IRS filings
Wait Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,721,869 | $4,891,414 | $4,754,631 |
| Revenue | $196,587 | — | $19,916 |
| Expenses | $180,620 | $166,065 | $205,820 |
| Qualifying Distributions | $177,563 | $165,000 | $205,000 |
| Net Investment Income | $196,444 | $107,572 | $19,916 |
| Distributable Amount | $234,092 | $235,133 | $244,019 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
44 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Reynolds Cemetery Assoc ($117,563), Milan Animal Welfare Center ($10,000).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NORMAN E WAIT | PRESIDENT | 1 | — |
| LAVONNE D WAIT | VICE PRESIDENT | 1 | — |
| RYAN M DENMAN | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Wait Family Foundation?
Wait Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in REYNOLDS, IL. It holds $4.7M in total assets as of 2024.
How large is Wait Family Foundation?
As of 2024, Wait Family Foundation holds $4.7M in total assets with $197K in annual revenue. It awarded 2 grants totaling $128K in 2024.
Where does Wait Family Foundation operate?
Wait Family Foundation has awarded grants in Iowa, Illinois.
What size grants does Wait Family Foundation award?
In 2024, Wait Family Foundation awarded 2 grants totaling $128K — an average of about $64K per grant, based on its IRS Form 990 filings.
How much is Wait Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Wait Family Foundation reported a distributable amount of $234K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Wait 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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