XL Foundation
XL Foundation is a private foundation, based in Deerfield, IL. IRS filing data is available from 2020 through 2024. In 2024, it awarded 2 grants totaling $763K.
XL Foundation at a glance
In short: XL Foundation gave $763K across 2 grants in 2024 (avg $382K), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $763,119
- -32.5% vs 2023
- Grants made (2024)
- 2
- +0.0% vs 2023
- Average grant
- $381,560
- -32.5% vs 2023
- Median grant
- $381,560
- Primary geography
- Illinois (87% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who XL Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Chicago Public Education Fund ($663K). Together the top 2 received $763K.
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $100–250K range: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How XL Foundation gives
- In 2024 it paid out well above 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 2022 to 2024, annual grant giving ranged from $105K (2022) to $1.1M (2023). In 2024 it made 2 grants totaling $763K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Chicago Public Education Fund Chicago, IL | General Fund Raising | $663,119 |
| Oshman Family JCC Palo Alto, CA | General Fund Raising | $100,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | — | — | $763,119 | $763,119 | 2 | $763,119 | $36,018 |
| 2023 | $763,119 | — | $1,130,650 | $1,130,650 | 2 | $1,130,650 | $90,948 |
| 2022 | $1,893,769 | — | $106,231 | $105,000 | 1 | $105,000 | $97,816 |
| 2021 | $2,000,000 | — | — | — | — | — | $98,500 |
| 2020 | $2,000,000 | $2,000,168 | $168 | — | — | — | $4,104 |
Under IRS private-foundation payout rules, XL Foundation reported a distributable amount of $36K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
XL Foundation is led by James S. Frank, President, Secretary & Treasurer on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
James S. Frank
President, Secretary & Treasurer
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about XL Foundation
How much does XL Foundation give each year?
XL Foundation gave $763K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.1M across 2 grants.
Where does XL Foundation operate?
XL Foundation has awarded grants in California, Colorado, Illinois.
How much is XL Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, XL Foundation reported a distributable amount of $36K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is XL Foundation's EIN?
XL Foundation's EIN (Employer Identification Number) is 82-2166282. IRS Form 990 filing data is available on this page for 2020–2024.
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 2020–2024
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Figures come from XL Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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