Walter Daniel & Emily Tolson Memorial Fund

Private foundation · Grantmaker Chicago, IL EIN: 65-6146955

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.

Key facts about Walter Daniel & Emily Tolson Memorial Fund

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.

EIN
65-6146955
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$36,352
Grants made (2025)
2
Average grant
$18,176
Median grant
$18,176
Total assets
$462,207
Primary geography
Georgia (50% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$462K

-2.0% YoY

Annual Giving

$36K

+2.6% YoY

Grant Count

2

+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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of 2025 grant dollars across all 2 itemized grants.

Cities

ChicagoTampaAtlantaDallas

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K2 grants2020 2 grants2021 2 grants2022 2 grants2023 2 grants2024 2 grants2025

From 2020 to 2025, annual grant giving ranged from $35K (2023) to $43K (2022). In 2025 it made 2 grants totaling $36K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

American Cancer Society: $18KAmerican Cancer Society$18KAmerican Heart Association of: $18KAmerican Heart Association of$18K

The largest 2025 recipient was American Cancer Society ($18K). Together the top 2 received $36K.

Grant Size Distribution

10 grants across all recorded years

10<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 10 grants of 10 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
American Cancer Society Atlanta, GAGeneral Support$18,176
American Heart Association of Dallas, TXGeneral Support$18,176

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K2020 2021 2022 2023 2024 2025
Metric202520242023
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

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2025

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

Northern Trust Company — Trustee: $11KNorthern Trust CompanyTrustee$11K

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.

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