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Edward J Korman And Margaret A Corman Charitable Foundation is a private trust based in MINNEAPOLIS, MN. The foundation received its IRS ruling in 2019. The principal officer is Joel Thomson. It holds total assets of $2.5M. Annual income is reported at $298K. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. The foundation primarily funds organizations in Illinois, Tennessee and Florida. According to available records, Edward J Korman And Margaret A Corman Charitable Foundation has made 16 grants totaling $594K, with a median grant of $37K. The foundation has distributed between $142K and $292K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $292K distributed across 8 grants. Individual grants have ranged from $35K to $40K, with an average award of $37K. The foundation has supported 4 unique organizations. Grants have been distributed to organizations in Illinois and Florida and Tennessee. Contributions to this foundation are tax-deductible.
Smallest Grant
$38K
Median Grant
$38K
Average Grant
$38K
Largest Grant
$38K
Based on 4 grants from the most recent 990-PF filing.
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.
Edward J Korman And Margaret A Corman Charitable Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 16 grants. Its grantmaking reaches organizations primarily in IL, FL, TN.
Edward J Korman And Margaret A Corman Charitable Foundation has distributed a total of $594K across 16 grants. The median grant size is $37K, with an average of $37K. Individual grants have ranged from $35K to $40K.
Edward J Korman And Margaret A Corman Charitable Foundation typically selects its grantees rather than accepting unsolicited proposals.
Edward J Korman And Margaret A Corman Charitable Foundation is headquartered in MINNEAPOLIS, MN. While based in MN, the foundation distributes grants to organizations across 3 states.
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
$178K
Total Assets
$2.5M
Fair Market Value
$2.6M
Net Worth
$2.5M
Grants Paid
$142K
Contributions
N/A
Net Investment Income
$193K
Distribution Amount
$116K
Total Grants
16
Total Giving
$594K
Average Grant
$37K
Median Grant
$37K
Unique Recipients
4
Most Common Grant
$37K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| St Jude Children'S Research HospitalGENERAL SUPPORT | Memphis, TN | $35K | 2023 |
| Ann & Robert Lurie Children'S HospitalGENERAL SUPPORT | Chicago, IL | $35K | 2023 |
| Shriner'S Hospital For ChildrenGENERAL SUPPORT | Tampa, FL | $35K | 2023 |
| The Anti-Cruelty SocietyGENERAL SUPPORT | Chicago, IL | $35K | 2023 |