Walter Daniel & Emily Tolson Memorial Fund

CHICAGO, IL EIN: 65-6146955

Walter Daniel & Emily Tolson Memorial Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$462K

-2.0% YoY

Annual Giving

$36K

+2.6% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$18K

+2.6% YoY

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.

About Walter Daniel & Emily Tolson Memorial Fund

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $74K (40%)

Illinois $74K (40%)

Georgia $18K (10%)

Texas $18K (10%)

States

Florida Georgia Illinois Texas

Cities

AtlantaChicagoDallasTampa

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$462,207	$471,738	$499,273
Revenue	$39,516	$22,002	$3,040
Expenses	$48,549	$49,548	$47,941
Qualifying Distributions	$44,317	$44,197	$42,591
Net Investment Income	$35,284	$16,731	$9,127
Distributable Amount	$28,287	$27,558	$27,024

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 2025

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest include American Cancer Society ($18,176), American Heart Association of ($18,176).

Recipient	Purpose	Amount
AMERICAN CANCER SOCIETY ATLANTA, GA	GENERAL SUPPORT	$18,176
AMERICAN HEART ASSOCIATION OF DALLAS, TX	GENERAL SUPPORT	$18,176

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2025 IRS filing

From 2025 filing

Name	Title	Hours	Compensation
NORTHERN TRUST COMPANY	TRUSTEE	40	$11,084

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Walter Daniel & Emily Tolson Memorial Fund?

Walter Daniel & Emily Tolson Memorial Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. It holds $462K in total assets as of 2025.

How large is Walter Daniel & Emily Tolson Memorial Fund?

As of 2025, Walter Daniel & Emily Tolson Memorial Fund holds $462K in total assets with $40K in annual revenue. It awarded 2 grants totaling $36K in 2025.

Where does Walter Daniel & Emily Tolson Memorial Fund operate?

Walter Daniel & Emily Tolson Memorial Fund has awarded grants in Florida, Georgia, Illinois, Texas.

What size grants does Walter Daniel & Emily Tolson Memorial Fund award?

In 2025, Walter Daniel & Emily Tolson Memorial Fund awarded 2 grants totaling $36K — an average of about $18K per grant, based on its IRS Form 990 filings.

How much is Walter Daniel & Emily Tolson Memorial Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, Walter Daniel & Emily Tolson Memorial Fund reported a distributable amount of $28K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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.