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Also known as: FOUNDATION INC
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Fredric G & Mary Louise Novy Charitable Foundation Inc. is a private corporation based in CHICAGO, IL. The foundation received its IRS ruling in 1995. The principal officer is James Novy. It holds total assets of $79K. Annual income is reported at $36K. Total assets have decreased from $330K in 2011 to $101K in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of human services. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in Illinois and New York. According to available records, Fredric G & Mary Louise Novy Charitable Foundation Inc. has made 9 grants totaling $39K, with a median grant of $5K. Annual giving has decreased from $28K in 2022 to $11K in 2023. Individual grants have ranged from $250 to $10K, with an average award of $4K. The foundation has supported 6 unique organizations. Grants have been distributed to organizations in Illinois and Florida. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$4K
Average Grant
$5K
Largest Grant
$10K
Based on 7 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.
Fredric G & Mary Louise Novy Charitable Foundation Inc. primarily funds organizations in the area of human services. Based on available records, the foundation has funded 9 grants. Its grantmaking reaches organizations primarily in IL, FL.
Fredric G & Mary Louise Novy Charitable Foundation Inc. has distributed a total of $39K across 9 grants. The median grant size is $5K, with an average of $4K. Individual grants have ranged from $250 to $10K.
Fredric G & Mary Louise Novy Charitable Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Fredric G & Mary Louise Novy Charitable Foundation Inc. is headquartered in CHICAGO, IL. While based in IL, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Christopher M Novy | SECRETARY & TREASURER | $0 | $0 | N/A |
| James B Novy | PRESIDENT | $0 | $0 | N/A |
| Jennifer A Novy | DIRECTOR | $0 | $0 | N/A |
Total Giving
$17K
Total Assets
$101K
Fair Market Value
$119K
Net Worth
$101K
Grants Paid
$11K
Contributions
N/A
Net Investment Income
$3K
Distribution Amount
$6K
Total: $85K
Total Grants
9
Total Giving
$39K
Average Grant
$4K
Median Grant
$5K
Unique Recipients
6
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Daniel Murphy Scholarship FundTO FURTHER THEIR EXEMPT PURPOSE | Chicago, IL | $5K | 2023 |
| Danny Did FoundationTO FURTHER THEIR EXEMPT PURPOSE | Chicago, IL | $5K | 2023 |
| Frankie V Poletta FoundationTO FURTHER THEIR EXEMPT PURPOSE | Algonquin, IL | $1K | 2023 |
| Loyola AcademyTO FURTHER THEIR EXEMPT PURPOSE | Wilmette, IL | $250 | 2023 |
| Evans Scholar FoundationUNRESTRICTED | Golf, IL | $10K | 2022 |
| Bobby Nichols Fiddlesticks Charity FoundationUNRESTRICTED | Fort Meyers, FL | $2K | 2022 |