Willits Itto a Charitable Foundation

CHICAGO, IL EIN: 65-6235199

Willits Itto a Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 3 grants totaling $65K. Net investment income was $39K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.5M

-2.5% YoY

Annual Giving

$65K

-18.8% YoY

Grant Count

-57.1% YoY

Avg Grant Size

$22K

+89.6% YoY

Under IRS private-foundation payout rules, Willits Itto a Charitable Foundation reported a distributable amount of $88K for 2024 — the minimum it must pay out in qualifying distributions.

About Willits Itto a Charitable Foundation

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 $405K (100%)

States

Florida

Cities

Palm Beach GardensWest Palm Beach

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,462,319	$1,499,140	$1,554,527
Revenue	$50,580	$44,602	$26,217
Expenses	$88,119	$99,466	$101,405
Qualifying Distributions	$76,061	$89,381	$89,518
Net Investment Income	$39,147	$33,267	$21,383
Distributable Amount	$88,180	$77,615	$80,367

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

32 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include American Red Cross Palm Beach & Tresure ($25,000), Families First of Palm Beach County ($20,000), Catholic Charities Diocese of Palm Bea ($20,000).

Recipient	Purpose	Amount
FAMILIES FIRST OF PALM BEACH COUNTY WEST PALM BEACH, FL	GENERAL OPERATING PURPOSES	$20,000
CATHOLIC CHARITIES DIOCESE OF PALM BEA WEST PALM BEACH, FL	PROGRAM SUPPORT	$20,000
AMERICAN RED CROSS PALM BEACH & TRESURE WEST PALM BEACH, FL	PROGRAM SUPPORT	$25,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BMO BANK N A	TRUSTEE	1	$22,121

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Willits Itto a Charitable Foundation?

Willits Itto a Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. It holds $1.5M in total assets as of 2024.

How large is Willits Itto a Charitable Foundation?

As of 2024, Willits Itto a Charitable Foundation holds $1.5M in total assets with $51K in annual revenue. It awarded 3 grants totaling $65K in 2024.

Where does Willits Itto a Charitable Foundation operate?

Willits Itto a Charitable Foundation has awarded grants in Florida.

What size grants does Willits Itto a Charitable Foundation award?

In 2024, Willits Itto a Charitable Foundation awarded 3 grants totaling $65K — an average of about $22K per grant, based on its IRS Form 990 filings.

How much is Willits Itto a Charitable Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Willits Itto a Charitable Foundation reported a distributable amount of $88K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Willits Itto a Charitable Foundation's EIN?

Willits Itto a Charitable Foundation's EIN (Employer Identification Number) is 65-6235199. IRS Form 990 filing data is available on this page for 2020–2024.