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Michael And Karyn Lutz Family Foundation is a private corporation based in NORTHBROOK, IL. The foundation received its IRS ruling in 2012. The principal officer is Friedman & Huey Associates L. It holds total assets of $19.7M. Annual income is reported at $17.3M. The foundation is governed by 1 officer or trustee. 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 2015 to 2023. According to available records, Michael And Karyn Lutz Family Foundation has made 4 grants totaling $3.7M, with a median grant of $967K. Annual giving has grown from $677K in 2020 to $1.9M in 2022. Individual grants have ranged from $677K to $1.1M, with an average award of $936K. 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.
Michael And Karyn Lutz Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in IL.
Michael And Karyn Lutz Family Foundation has distributed a total of $3.7M across 4 grants. The median grant size is $967K, with an average of $936K. Individual grants have ranged from $677K to $1.1M.
Michael And Karyn Lutz Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Michael And Karyn Lutz Family Foundation is headquartered in NORTHBROOK, IL.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Karyn Lutz | TRUSTEE | $0 | $0 | N/A |
Total Giving
$1M
Total Assets
$16.5M
Fair Market Value
$19.1M
Net Worth
$16.5M
Grants Paid
$898K
Contributions
N/A
Net Investment Income
$421K
Distribution Amount
$903K
Total: $15.7M
Total Grants
4
Total Giving
$3.7M
Average Grant
$936K
Median Grant
$967K
Unique Recipients
1
Most Common Grant
$967K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See Statement AttachedGENERAL OPERATING PURPOSES | Northbrook, IL | $967K | 2022 |