Walter Daniel & Emily Tolson Memorial Fund
Walter Daniel & Emily Tolson Memorial Fund is a private foundation, based in Chicago, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $462K in total assets. In 2025, it awarded 2 grants totaling $36K. Net investment income was $35K.
Walter Daniel & Emily Tolson Memorial Fund at a glance
In short: Walter Daniel & Emily Tolson Memorial Fund gave $36K across 2 grants in 2025 (avg $18K), mostly in Georgia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $36,352
- +2.6% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $18,176
- +2.6% vs 2024
- Median grant
- $18,176
- Total assets
- $462,207
- -2.0% vs 2024
- Primary geography
- Georgia (50% 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 Walter Daniel & Emily Tolson Memorial Fund funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was American Cancer Society ($18K). Together the top 2 received $36K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 10 grants of 10 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Walter Daniel & Emily Tolson Memorial Fund gives
- Giving held roughly steady from 2022 to 2025 (−15%). Method
- In 2025 it paid out 157% of its IRS minimum distribution (the 5% rule). 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 $35K (2023) to $43K (2022). In 2025 it made 2 grants totaling $36K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Cancer Society Atlanta, GA | General Support | $18,176 |
| American Heart Association of Dallas, TX | General Support | $18,176 |
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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 | $462,207 | $39,516 | $48,549 | $36,352 | 2 | $44,317 | $35,284 | $28,287 |
| 2024 | $471,738 | $22,002 | $49,548 | $35,432 | 2 | $44,197 | $16,731 | $27,558 |
| 2023 | $499,273 | $3,040 | $47,941 | $34,722 | 2 | $42,591 | $9,127 | $27,024 |
| 2022 | $541,969 | $47,507 | $56,581 | $42,722 | 2 | $49,781 | $42,058 | $30,614 |
| 2021 | $550,838 | $93,796 | $49,728 | $35,944 | 2 | — | $88,108 | $29,517 |
| 2020 | $506,825 | $30,403 | $45,684 | $36,636 | 2 | — | $26,580 | $28,254 |
Under IRS private-foundation payout rules, Walter Daniel & Emily Tolson Memorial Fund reported a distributable amount of $28K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Walter Daniel & Emily Tolson Memorial Fund's only listed officer is Northern Trust Company, Trustee on every filing since 2023 (compensated).
Officers on the 2025 filing
Northern Trust Company
Trustee
On filings since 2023
40 hrs/week
$9K (2023) → $11K (2025)
Former officers (1)
- Former: The Northern Trust Company (2020–2022) — Trustee
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $11K, to Northern Trust Company (Trustee).
Frequently asked questions about Walter Daniel & Emily Tolson Memorial Fund
How much does Walter Daniel & Emily Tolson Memorial Fund give each year?
Walter Daniel & Emily Tolson Memorial Fund gave $36K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $35K across 2 grants.
How large is Walter Daniel & Emily Tolson Memorial Fund?
Walter Daniel & Emily Tolson Memorial Fund reported $462K in total assets on its 2025 IRS Form 990-PF. It paid out $44K in qualifying distributions that year, against a required minimum of $28K (roughly 5% of its investment assets).
Where does Walter Daniel & Emily Tolson Memorial Fund operate?
Walter Daniel & Emily Tolson Memorial Fund has awarded grants in Florida, Georgia, Illinois, Texas.
What is Walter Daniel & Emily Tolson Memorial Fund's EIN?
Walter Daniel & Emily Tolson Memorial Fund's EIN (Employer Identification Number) is 65-6146955. 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
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
Live grants for the work Walter Daniel & Emily Tolson Memorial Fund funds
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