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Castle Foundation Inc. is a private corporation based in OAK BROOK, IL. The foundation received its IRS ruling in 1956. The principal officer is Marec Edgar. It holds total assets of $2K. Annual income is reported at $3K. Total assets have decreased from $196K in 2011 to $7K in 2023. Scholarships. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. Funding is distributed across 7 states, including Florida, Illinois, Ohio. According to available records, Castle Foundation Inc. has made 25 grants totaling $77K, with a median grant of $3K. The foundation has distributed between $21K and $33K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $33K distributed across 12 grants. Individual grants have ranged from $2K to $6K, with an average award of $3K. The foundation has supported 13 unique organizations. The foundation primarily supports organizations in California, Ohio, Florida, which account for 44% of all grants. Grantmaking reaches organizations across 9 states. Contributions to this foundation are tax-deductible.
Castle Foundation Inc. reported 25 individual grants totaling $76,500 between 2020 and 2023 across its IRS Form 990-PF filings, with a median grant of $3,000. Its largest single grant in the record was $6,000. Its most recent available filing, for fiscal year 2023, reports $21,843 in total giving.
The largest share of grants went to organizations in CA (5 of 25), followed by FL (3) and OH (3). In total the foundation's grantees span 9 states. Of its 13 distinct grantees, 46 percent received funding more than once, so repeat relationships are the norm rather than the exception. Its largest institutional recipients were Western University ($12,000), University Of Toledo ($10,500) and University Of Central Oklahoma ($9,000).
Computed from 25 individual grant records (2020–2023) in this foundation's IRS Form 990-PF Part XV filings, reaching 9 states. Source: IRS 990-PF.
Smallest Grant
$3K
Median Grant
$3K
Average Grant
$3K
Largest Grant
$5K
Based on 7 grants from the most recent 990-PF filing.
Scholarships
Expenses: $17K
Scholarships. Based on available records, the foundation has funded 25 grants. Its grantmaking reaches organizations primarily in CA, OH, FL.
Castle Foundation Inc. has distributed a total of $77K across 25 grants. The median grant size is $3K, with an average of $3K. Individual grants have ranged from $2K to $6K.
Castle Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Castle Foundation Inc. is headquartered in OAK BROOK, IL. While based in IL, the foundation distributes grants to organizations across 9 states.
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Officer and trustee information is not yet available for this foundation. This data is typically reported in Part VIII of the 990-PF filing.
Total Giving
$22K
Total Assets
$7K
Fair Market Value
$7K
Net Worth
$7K
Grants Paid
$21K
Contributions
$25K
Net Investment Income
N/A
Distribution Amount
$371
Total Grants
25
Total Giving
$77K
Average Grant
$3K
Median Grant
$3K
Unique Recipients
13
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Carleton UniversityScholarship | Ottawa | $6K | 2023 |
| Colorado School Of Mines FoundationScholarships | Golden, CO | $3K | 2023 |
| William Woods UniversityScholarship | Fulton, MO | $3K | 2023 |
| Western UniversityScholarship | Pomona, CA | $3K | 2023 |
| University Of Central OklahomaScholarship | Edmond, OK | $3K | 2023 |
| Csu Dominguez HillsScholarship | Carson, CA | $3K | 2023 |
| University Of ToledoScholarship | Toledo, OH | $3K | 2022 |
| University Of Eau ClaireScholarship | Eau Claire, WI | $3K | 2022 |
| University Of South FloridaScholarship | Tampa, FL | $3K | 2022 |
| University Of Illinois ChicagoScholarship | Chicago, IL | $2K | 2022 |
| University Of IllinoisScholarship | Champaign, IL | $3K | 2020 |
| Fordham UniversityScholarship | West Harrison, NY | $3K | 2020 |
| Missouri State UniversityScholarship | Springfield, MO | $3K | 2020 |