Arkes Family Foundation | Granted Foundation Directory | Granted AI
CHICAGO, IL
Arkes Family Foundation Quick Facts
EIN 461536842
Location CHICAGO, IL
Phone (312) 606-3200
Category Philanthropy & Grantmaking
Total Assets $7.7M
Annual Income $1.9M
IRS Ruling Year 2013
Organization Type Non-Operating Foundation
Principal Officer % Michael A Arkes
Tax Deductibility Contributions are deductible
About This Foundation Arkes Family Foundation is a private corporation based in CHICAGO, IL. The foundation received its IRS ruling in 2013. The principal officer is % Michael A Arkes. It holds total assets of $7.7M. Annual income is reported at $1.9M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Arkes Family Foundation has made 204 grants totaling $392K, with a median grant of $500. Individual grants have ranged from $75 to $20K, with an average award of $2K. The foundation has supported 102 unique organizations. The foundation primarily supports organizations in Illinois, New York, Wisconsin, which account for 76% of all grants. Grantmaking reaches organizations across 15 states. Contributions to this foundation are tax-deductible.
Application Information Preselected Only This foundation typically selects grantees rather than accepting unsolicited proposals.
Frequently Asked Questions What does Arkes Family Foundation fund? Arkes Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 204 grants. Its grantmaking reaches organizations primarily in IL, NY, WI.
How much does Arkes Family Foundation give in grants? Arkes Family Foundation has distributed a total of $392K across 204 grants. The median grant size is $500, with an average of $2K. Individual grants have ranged from $75 to $20K.
How do I apply for a grant from Arkes Family Foundation? Arkes Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Where is Arkes Family Foundation located? Arkes Family Foundation is headquartered in CHICAGO, IL. While based in IL, the foundation distributes grants to organizations across 15 states.
Key People & Compensation (2022) Name Title Compensation Benefits Total Michael Arkes PRESIDENT $0 $0 $0 Helen Arkes DIRECTOR $0 $0 $0 John Eramo DIRECTOR $0 $0 $0
990 Tax Filings Year Return Type PDF 2023 990PF View2022 990PF View2021 990PF View2020 990PF
Financial Overview Total Giving
$1.1M
2023 +146%
Fair Market Value
$10.7M
2023
Net Investment Income
$784K
2023
Distribution Amount
$505K
2023
Investment Portfolio (2023) Total: $5.7M
Corporate Stock (46%)
Corporate Bonds (29%)
Other Investments (24%)
Revenue Sources (2023)
Capital Gains (Net) $553K
Dividends $310K
Other Income $48K
Interest $123 Financial Details (2023)
Total Revenue $911K
Total Expenses $1.1M
Exempt Purpose Expenses $922K
Required Distribution $505K
Undistributed Income $0
Total Liabilities $1
Excise Tax $11K Foundation Classification (2023) Operating Foundation No
Grants to Individuals No
Non-Charity Grants No
Lobbying Activity No
Excess Business Holdings No
Grantmaking Insights Grant Range Smallest grant Largest grant
Geographic Distribution of Grants
IL $284K (122)
NY $57K (32)
WI $22K (2)
CA $7K (6)
WA $5K (6)
DC $4K (12)
Past Grantees Recipient Location Amount Year The Ark EXEMPT PURPOSE OF ORGANIZATION Chicago, IL $6K 2022 Enchanted Backpack EXEMPT PURPOSE OF ORGANIZATION Chicago, IL $5K 2022 Anew EXEMPT PURPOSE OF ORGANIZATION Tukwila, WA $1K 2022 Helping Hand IncentivesEXEMPT PURPOSE OF ORGANIZATION Chicago, IL $20K 2022 Anshe Emet Synagogue
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