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Dunham Foundation is a private corporation based in AURORA, IL. The foundation received its IRS ruling in 2020. It holds total assets of $86.7M. Annual income is reported at $27.7M. Total assets have grown from N/A in 2019 to $86.7M in 2024. The foundation is governed by 8 officers and trustees. Tax records are available from 2020 to 2024. According to available records, Dunham Foundation has made 123 grants totaling $11.1M, with a median grant of $35K. Annual giving has grown from $3.9M in 2021 to $7.2M in 2022. Individual grants have ranged from $250 to $1.6M, with an average award of $90K. The foundation has supported 67 unique organizations. Grant recipients are concentrated in Illinois. Contributions to this foundation are tax-deductible.
The Dunham Foundation is an independent private foundation with $86.7 million in assets headquartered in Aurora, Illinois. Founded by John Dunham with the mission of "making the world a more comfortable, safer place for mankind to live and prosper," it operates as a deeply place-based funder with a clearly defined geographic service area bounded by IL-38 (north), US-34 (south), IL-59 (east), and IL-47 (west) — essentially the greater Aurora metropolitan region.
The foundation's giving philosophy rests on three pillars: Education (early care through high school), Economic Growth (workforce development and economic opportunity), and Community (healthcare, human services, cultural access). Unlike foundations that favor general operating support, Dunham explicitly prioritizes startup support for new or uniquely enhanced programs and capital projects that are innovative, collaborative, and potentially self-sustaining. This is a critical distinction: proposals that merely sustain existing operations are unlikely to succeed.
The grantee roster reveals a preference for long-term institutional relationships built incrementally. VNA Healthcare ($3.15 million across 2 grants), Paramount Arts Centre ($770,000 over 3 grants), Rosary High School and Marmion Academy ($605,000 each over 3 grants), and Women's Business Development Center ($375,000 over 3 grants) demonstrate that the foundation invests substantially in organizations that prove results over time. First-time applicants should understand that the pathway typically begins with smaller grants before multi-year, six-figure relationships develop.
President & CEO Vicki Morcos ($210,756 annual compensation) leads the organization, with Program Director Lindsay Cochrane serving as the primary applicant contact. Prospective grantees are explicitly encouraged to contact Cochrane at info@dunhamfoundation.org before applying — a clear signal that relationship and alignment conversations are valued upstream of formal submissions. Board Chair Mark Truemper and the board conduct biannual reviews, with notifications by June 30 (Cycle 1) and October 30 (Cycle 2). All applications are processed exclusively through the GivingData online portal.
The Dunham Foundation maintains annual total giving of approximately $5 million, a figure remarkably stable across the three most recent fiscal years with complete data: $5.33 million (FY2021), $5.01 million (FY2022), and $5.00 million (FY2023). Grants paid — the cash actually disbursed in a given year, distinct from total giving that may include multi-year commitments — ranged from $3.28 million to $3.86 million over the same period. With $86.7 million in assets (FY2024), $8.98 million in total revenue (FY2024), and net investment income of $2.78 million (FY2023), the foundation's payout is well-supported by its endowment and consistent with the IRS minimum distribution requirement for private foundations.
Across 123 grants in the available grantee dataset totaling $11.09 million, the average grant was $90,138. The range is substantial: from approximately $20,000 (Batavia Foundation for Education, $20,000 over 2 grants) to $3.15 million across two grants to VNA Healthcare. The foundation's stated annual maximum is $1 million per organization, and most organizations receive between $25,000 and $175,000 per grant year.
By sector, the data reveals a clear investment hierarchy. Healthcare and human services dominate, with VNA Healthcare alone accounting for $3.15 million (28% of the analyzed pool), supplemented by Mutual Ground ($225,000), Wayside Cross Ministries ($198,000), Metropolitan Family Services ($175,000), and Suicide Prevention Services ($75,000). Arts and culture is anchored by Paramount Arts Centre ($770,000). Education reflects a mix of private K-12 schools (Rosary High School $605,000; Marmion Academy $605,000; Holy Cross Catholic School $107,600) and higher education (Aurora University $100,000). Economic development investments include Women's Business Development Center ($375,000) and Forefront ($380,984). Food security receives consistent multi-recipient support totaling over $500,000 across five organizations.
New applicants should calibrate initial requests in the $25,000–$75,000 range to establish credibility, then pursue larger awards after demonstrating results. Multi-year grantees consistently appear across 2–3 grant cycles, accumulating totals well above any single-year threshold.
The following table compares the Dunham Foundation to asset-size peers (all classified under NTEE code T20, Philanthropy & Grantmaking) and contextualizes Dunham's accessibility within this cohort.
| Foundation | Assets | Annual Giving | Primary Focus | Geography | Application |
|---|---|---|---|---|---|
| Dunham Foundation | $86.7M | ~$5.0M | Education, Economic Growth, Community | Aurora, IL (defined service area) | Open — online portal |
| Collis Foundation | $86.7M | Not disclosed | Philanthropy & Grantmaking | Rhode Island | Not publicly disclosed |
| Capitol Federal Foundation | $86.7M | Not disclosed | Philanthropy & Grantmaking | Kansas | Not publicly disclosed |
| Lone Rock Foundation | $86.7M | Not disclosed | Philanthropy & Grantmaking | Colorado | Not publicly disclosed |
| Fat Tire Foundation | $86.6M | Not disclosed | Philanthropy & Grantmaking | California | Open |
These peers are matched to Dunham by total asset size (all clustered between $86.6M–$86.8M) and NTEE classification. Dunham stands out meaningfully within this cohort: it publishes detailed grant guidelines, maintains a publicly accessible online portal, discloses specific deadlines and grant categories, names a program director for applicant contact, and clearly documents its geographic service area and eligibility criteria. Several peers do not maintain public-facing websites or published grant processes, suggesting they operate as more closely-held family foundations with invitation-only or discretionary grantmaking. For Illinois-based nonprofits serving the Aurora corridor, Dunham is among the most applicant-accessible private foundations at this asset level, offering multiple entry points from $5,000 Capacity Building Grants through $1 million project awards.
The most significant recent development is the August 2024 launch of the Ready for the Future Initiative, through which the foundation competitively deployed $2 million to four Aurora-area education organizations selected from applications totaling nearly $6 million — a 3:1 oversubscription ratio that underscores the competitive demand for Dunham's education funding. This initiative represents a notable departure from the foundation's standard grant cycles and signals willingness to deploy concentrated capital on education transformation rather than distributing smaller awards across many recipients.
In December 2024, the foundation migrated its grantmaking operations to GivingData, replacing its previous grant management system. This infrastructure change affects all applicants: the new online portal is the sole accepted application channel, and organizations must create accounts on the GivingData platform to apply.
The foundation also launched a Nonprofit Leadership Certificate Program in partnership with Aurora University, offering professional development to local nonprofit leaders. Nominations for the inaugural session have closed, but the initiative reflects a growing interest in sector capacity building as a complement to direct program investments.
In FY2023, the foundation awarded 39 grants totaling approximately $3.28 million in grants paid against $5.0 million in total giving — the gap reflecting multi-year award structures. Leadership has been stable: President & CEO Vicki Morcos has served continuously with compensation at $210,756, and no significant board or executive transitions were identified in publicly available IRS filings or web sources. Total assets grew from $82.5 million (FY2023) to $86.7 million (FY2024), reflecting strong investment performance.
Make contact before applying. Program Director Lindsay Cochrane at info@dunhamfoundation.org is the designated pre-application contact, and the foundation explicitly invites this outreach. Send a concise introductory email describing your organization, the program you want to fund, your target population, and your approximate request amount. Ask whether the timing and scope align with current board priorities. This conversation can prevent a wasted application cycle and may yield informal guidance on framing.
Choose your track strategically. Five grant categories with different requirements and deadlines exist. First-time applicants are well-served by the Abbreviated Grant pathway (≤$50,000): no LOI is required, it is reviewed on a rolling basis, and the October 1 annual cutoff allows flexibility. Capacity Building Grants up to $5,000 offer an even lower-barrier introduction. Once the foundation knows your organization through a smaller grant, the General Grant track (>$50,000, LOI required) becomes more accessible. Several current top grantees — Mutual Ground, Northern Illinois Food Bank, Wayside Cross Ministries — show a consistent pattern of ~$75,000 annual grants across three funding cycles.
Speak the foundation's evaluation language. Every proposal should demonstrate three qualities the foundation explicitly states: innovation (your approach is new or meaningfully enhanced, not simply sustaining what already exists), collaboration (you partner with other organizations), and sustainability (you have a realistic plan to reduce dependence on foundation funding). Generic program descriptions will not succeed. Be specific about what makes your approach distinctive and how Dunham support will catalyze additional resources.
Nail the geography section. Document clearly that your organization is located within or directly serves residents inside the service area (IL-38 to US-34, IL-59 to IL-47). If you are headquartered outside this zone, your application must provide explicit data — client addresses, service delivery locations, or enrollment by zip code — demonstrating Aurora-area impact.
Leverage the matching fund angle. The foundation explicitly encourages co-funding arrangements and occasionally provides challenge grants designed to stimulate other funders. If you have matching commitments or can structure a challenge, highlight this prominently — it aligns with the foundation's stated interest in catalytic philanthropy.
Plan your reporting from day one. All funded organizations must submit financial and program reports at grant conclusion. Budget the staff time and ask about required report formats during your pre-application conversation to avoid surprises.
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No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
The Dunham Foundation maintains annual total giving of approximately $5 million, a figure remarkably stable across the three most recent fiscal years with complete data: $5.33 million (FY2021), $5.01 million (FY2022), and $5.00 million (FY2023). Grants paid — the cash actually disbursed in a given year, distinct from total giving that may include multi-year commitments — ranged from $3.28 million to $3.86 million over the same period. With $86.7 million in assets (FY2024), $8.98 million in total.
Dunham Foundation has distributed a total of $11.1M across 123 grants. The median grant size is $35K, with an average of $90K. Individual grants have ranged from $250 to $1.6M.
The Dunham Foundation is an independent private foundation with $86.7 million in assets headquartered in Aurora, Illinois. Founded by John Dunham with the mission of "making the world a more comfortable, safer place for mankind to live and prosper," it operates as a deeply place-based funder with a clearly defined geographic service area bounded by IL-38 (north), US-34 (south), IL-59 (east), and IL-47 (west) — essentially the greater Aurora metropolitan region. The foundation's giving philosophy.
Dunham Foundation is headquartered in AURORA, IL.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Vicki Morcos | President & CEO | $211K | $9K | $219K |
| Robert Vaughan | Chairman | $44K | $0 | $44K |
| Theodia Gillespie | Treas/Vice Chr | $38K | $0 | $38K |
| Ryan Maley | Vice President | $32K | $0 | $32K |
| Mark Truemper | Chairman | $28K | $0 | $28K |
| Stewart Beach | Director | $27K | $0 | $27K |
| Michael Morcos | Director | $27K | $0 | $27K |
| Wendy Hirsch | former director | $2K | $0 | $2K |
Total Giving
N/A
Total Assets
$86.7M
Fair Market Value
N/A
Net Worth
$86.1M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
123
Total Giving
$11.1M
Average Grant
$90K
Median Grant
$35K
Unique Recipients
67
Most Common Grant
$75K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| ForefrontPROGRAM SUPPORT | Chicago, IL | $118K | 2022 |
| Vna HealthcarePROGRAM SUPPORT | Aurora, IL | $1.6M | 2022 |
| Community Foundation Of Fox River VPROGRAM SUPPORT | Aurora, IL | $283K | 2022 |
| Rosary High SchoolPROGRAM SUPPORT | Aurora, IL | $265K | 2022 |
| Marmion AcademyPROGRAM SUPPORT | Aurora, IL | $265K | 2022 |
| Women'S Business Development CenterPROGRAM SUPPORT | Chicago, IL | $150K | 2022 |
| Batavia Historical SocietyPROGRAM SUPPORT | Batavia, IL | $75K | 2022 |
| Mutual GroundPROGRAM SUPPORT | Aurora, IL | $75K | 2022 |
| Northern Illinois Food BankPROGRAM SUPPORT | Geneva, IL | $75K | 2022 |
| Wayside Cross MinistriesPROGRAM SUPPORT | Aurora, IL | $74K | 2022 |
| Quad County Urban LeaguePROGRAM SUPPORT | Aurora, IL | $65K | 2022 |
| 360 Youth ServicesPROGRAM SUPPORT | Naperville, IL | $60K | 2022 |
| Illinois Joining Forces FoundationPROGRAM SUPPORT | Chicago, IL | $60K | 2022 |
| Plum LandingPROGRAM SUPPORT | Aurora, IL | $59K | 2022 |
| Fox Valley Habitat For HumanityPROGRAM SUPPORT | Montgomery, IL | $56K | 2022 |
| Holy Cross Catholic SchoolPROGRAM SUPPORT | Batavia, IL | $54K | 2022 |
| Aurora UniversityPROGRAM SUPPORT | Aurora, IL | $50K | 2022 |
| Aurora Regional Fire MuseumPROGRAM SUPPORT | Aurora, IL | $35K | 2022 |
| Valley Sheltered WorkshopPROGRAM SUPPORT | Batavia, IL | $25K | 2022 |
| Esse Adult Day ServicesPROGRAM SUPPORT | Aurora, IL | $25K | 2022 |
| Aurora Hispanic Heritage Advisory BPROGRAM SUPPORT | Aurora, IL | $20K | 2022 |
| Holy Angels Food PantryPROGRAM SUPPORT | Aurora, IL | $20K | 2022 |
| American Diabetes AssocationPROGRAM SUPPORT | Chicago, IL | $20K | 2022 |
| Fox Valley Park FoundationPROGRAM SUPPORT | Aurora, IL | $20K | 2022 |
| Elyssa'S MissionPROGRAM SUPPORT | Northbrook, IL | $14K | 2022 |