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Also known as: C/O LEE KORHUMEL
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Korhumel Foundation is a private corporation based in LAKE FOREST, IL. The foundation received its IRS ruling in 1955. The principal officer is Lee Korhumel. It holds total assets of $193K. Annual income is reported at $5K. Total assets have decreased from $440K in 2010 to $193K in 2022. The foundation is governed by 2 officers and trustees. 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 and Washington. According to available records, Korhumel Foundation has made 31 grants totaling $46K, with a median grant of $1K. The foundation has distributed between $6K and $18K annually from 2020 to 2023. Grantmaking activity was highest in 2021 with $18K distributed across 12 grants. Individual grants have ranged from $500 to $3K, with an average award of $1K. The foundation has supported 6 unique organizations. Grants have been distributed to organizations in Illinois and Washington and Rhode Island. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$1K
Average Grant
$1K
Largest Grant
$3K
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.
Korhumel Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 31 grants. Its grantmaking reaches organizations primarily in IL, WA, RI.
Korhumel Foundation has distributed a total of $46K across 31 grants. The median grant size is $1K, with an average of $1K. Individual grants have ranged from $500 to $3K.
Korhumel Foundation typically selects its grantees rather than accepting unsolicited proposals.
Korhumel Foundation is headquartered in LAKE FOREST, IL. While based in IL, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Lee Korhumel | PRESIDENT | $0 | $0 | N/A |
| Carol Korhumel | VICE PRESIDENT | $0 | $0 | N/A |
Total Giving
$7K
Total Assets
$193K
Fair Market Value
$193K
Net Worth
$193K
Grants Paid
$7K
Contributions
N/A
Net Investment Income
$5K
Distribution Amount
$7K
Total: $189K
Total Grants
31
Total Giving
$46K
Average Grant
$1K
Median Grant
$1K
Unique Recipients
6
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Korhumel Foundation To Various OrganizationsPROVIDE SUPPORT FOR VARIOUS USES | Lake Forest, IL | $3K | 2023 |
| Stewardship PartnersPROVIDE SUPPORT FOR VARIOUS NEEDS | Seattle, WA | $1K | 2023 |
| Community Church Of Lake ForestPROVIDE SUPPORT FOR VARIOUS EDUCATIONAL NEEDS | Lake Bluff, IL | $1K | 2023 |
| Lake Forest AcademyPROVIDE FOR VARIOUS EDUCATIONAL NEEDS | Lake Forest, IL | $1K | 2023 |
| Brown Annual FundPROVIDE SUPPORT FOR EDUCATIONAL NEEDS | Providence, RI | $500 | 2023 |
| Varoius Organizations In The Chicagoland AreaPROVIDE SUPPORT TO NEEDY FAMILIES | Lake Forest, IL | $3K | 2021 |