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Also known as: FOUNDATION INC
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Gerald A & Karen Kolschowsky Foundation Inc. is a private corporation based in DOWNERS GROVE, IL. The foundation received its IRS ruling in 1988. It holds total assets of $29.3M. Annual income is reported at $28.3M. Total assets have grown from $4.3M in 2011 to $32.2M in 2023. The foundation is governed by 4 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Gerald A & Karen Kolschowsky Foundation Inc. has made 2 grants totaling $20.1M, with a median grant of $10M. The foundation has distributed between $9.7M and $10.4M annually from 2022 to 2023. Individual grants have ranged from $9.7M to $10.4M, with an average award of $10M. Grant recipients are concentrated in Illinois. Contributions to this foundation are tax-deductible.
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.
Gerald A & Karen Kolschowsky Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 2 grants. Its grantmaking reaches organizations primarily in IL.
Gerald A & Karen Kolschowsky Foundation Inc. has distributed a total of $20.1M across 2 grants. The median grant size is $10M, with an average of $10M. Individual grants have ranged from $9.7M to $10.4M.
Gerald A & Karen Kolschowsky Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Gerald A & Karen Kolschowsky Foundation Inc. is headquartered in DOWNERS GROVE, IL.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Timothy J Kolschowsky | President | $0 | $0 | N/A |
| Gerald A Kolschowsky | Director | $0 | $0 | N/A |
| Karen A Kolschowsky | Director | $0 | $0 | N/A |
| Michael J Kolschowsky | VP-SEC-TREAS | $0 | $0 | N/A |
Total Giving
$10.8M
Total Assets
$32.2M
Fair Market Value
$36.2M
Net Worth
$31.9M
Grants Paid
$10.4M
Contributions
$5M
Net Investment Income
$1.1M
Distribution Amount
$2M
Total: $9.9M
Total Grants
2
Total Giving
$20.1M
Average Grant
$10M
Median Grant
$10M
Unique Recipients
1
Most Common Grant
$10.4M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See Attached ScheduleUNSPECIFIED CHARITABLE CONTRIBUTIONS | Various, IL | $10.4M | 2023 |