Also known as: CO Charles T Angell
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Paul M Angell Family Foundation is a private corporation based in CHICAGO, IL. The foundation received its IRS ruling in 2011. It holds total assets of $903.3M. Annual income is reported at $867M. Total assets have grown from $104K in 2011 to $91.9M in 2023. The foundation is governed by 4 officers and trustees. Tax records are available from 2020 to 2023. Grantmaking is concentrated in Developing countries. According to available records, Paul M Angell Family Foundation has made 4 grants totaling $103.7M, with a median grant of $23.6M. Annual giving has grown from $22.4M in 2020 to $34.1M in 2023. Individual grants have ranged from $22.4M to $34.1M, with an average award of $25.9M. Grant recipients are concentrated in Illinois. Contributions to this foundation are tax-deductible.
The Paul M. Angell Family Foundation (PMAFF) operates three structurally distinct programs under one roof, and the strategy for accessing each differs sharply. Conservation is the foundation's most global and most tightly controlled program — invitation-only for all applicants, new and returning alike. Organizations working on marine protected areas, sustainable fisheries, shark and ray conservation, coral reef protection, plastic pollution reduction, or maritime decarbonization cannot apply cold. Entry requires prior relationship-building at sector convenings, peer grantee introductions, or sustained visibility in the international marine conservation field. Once inside, Conservation grantees tend to receive multi-cycle support, making initial access the primary hurdle.
Performing Arts grants focus on classical music and theater organizations operating in Chicago, Cleveland, Detroit, or the Mid-Atlantic corridor from Washington D.C. to Philadelphia. Dance, film, and individual artist commissions are explicitly excluded. This program is also invitation-only for most new applicants, though organizations that received PMAFF funding within the past two years may apply through the open portal. A significant leadership transition — Founding Director Mike Angell departing after 14 years, with a new Director of Performing Arts expected in summer 2026 — creates both uncertainty and potential opportunity. New applicants should monitor the foundation's communications and look for relationship-building moments during this period.
Social Impact is PMAFF's most accessible entry point. Chicago-area nonprofits with a track record of serving ALAANA (African, Latino/a, Asian, Arab, and Native American) communities may be able to apply without an invitation if they have received prior PMAFF support; entirely new applicants may still require one. The program's priorities — Civic Engagement & Policy Advocacy, Economic Justice, Education & Youth Programs, Justice, and Safe/Healthy Communities — are framed through an explicit racial equity and antiracist systems-change lens. Proposals must speak this language directly, not just describe service delivery.
All three programs require 501(c)(3) status (or fiscal sponsorship for Conservation). General operating support is available across all areas — a meaningful signal that PMAFF is willing to fund organizational capacity, not just projects. The foundation does not fund religious institutions, debt reduction, or fundraising events.
PMAFF's financial history reveals two distinct institutional eras separated by a major recapitalization event. From 2011 through 2021, the foundation operated as a lean pass-through vehicle: total assets rarely exceeded $2 million, and annual giving ranged from $446,000 (2011) to $25.4 million (2021), funded almost entirely by annual contributions from the Angell family rather than endowment returns. Starting in 2022, the institution transformed: $95 million in new contributions arrived in FY2022, driving total assets to $72.8 million and grants paid to $22.9 million. Another $52 million came in during FY2023, pushing assets to $91.9 million and grants paid to $34.1 million — a 49% single-year increase in grantmaking.
Over the five most recent years with available data (2019-2023), total grants paid sum to approximately $126 million, averaging roughly $25 million per year. The post-recapitalization average (2022-2023) is $28.5 million annually, with an upward trajectory. As the endowment matures and investment returns compound, total giving could approach $40 million or more annually within a few years.
Per-grant size data is not publicly disclosed in itemized form — the 990 grantee schedule is filed as an attachment (listed as 'See Attached' in available filings). Based on PMAFF's program structure and comparable mid-size family foundations, Conservation grants likely range from $50,000 to $500,000, Performing Arts from $25,000 to $300,000, and Social Impact from $50,000 to $300,000, with multi-year general operating grants available across all areas.
Geographic distribution of dollars maps to program focus: Conservation funding flows globally to marine-focused NGOs; Performing Arts dollars are concentrated in Chicago, Cleveland, Detroit, and the Mid-Atlantic corridor; Social Impact giving is almost exclusively Chicagoland. This means a single organization is unlikely to overlap across program areas, and applicants should identify one program with strong alignment rather than attempting to span multiple areas in one proposal.
PMAFF's IRS-assigned peer group reflects foundations of similar NTEE classification (T22: Philanthropy & Grantmaking). The asset figures listed in the IRS EO BMF for PMAFF (~$903M) appear to reflect a data aggregation error or include the broader Angell family charitable footprint; PMAFF's 2023 Form 990 reports $91.9M in assets. The comparison below uses 990-verified figures where available:
| Foundation | Assets | Annual Giving | Primary Focus | Application |
|---|---|---|---|---|
| Paul M. Angell Family Foundation | $91.9M (2023) | $34.1M (2023) | Conservation / Performing Arts / Social Impact | Partially open (Social Impact); Invitation (others) |
| Ralph C. Wilson Jr. Foundation | $896.5M | ~$60M/yr | Youth sports, workforce dev (MI/NY) | Invitation-only |
| Jack Kent Cooke Foundation | $890.3M | ~$40M/yr | Education scholarships, college access | Open (scholarship programs) |
| Overdeck Family Foundation | $920.4M | ~$40M/yr | Education, early learning, STEM | Invitation-only |
| Meyer Memorial Trust | $885.2M | ~$50M/yr | Equity, climate, community (Pacific NW) | Open / LOI |
Compared to these peers, PMAFF is a smaller, more programmatically focused institution with a higher ratio of giving to assets — distributing 37% of total assets in grants in 2023 alone, consistent with its pass-through heritage. Its invitation-only posture for two of three programs aligns with Overdeck and Ralph C. Wilson Jr., while the partially open Social Impact portal resembles Meyer Memorial Trust's more accessible model. PMAFF's rapid asset growth from under $2M (2021) to $91.9M (2023) distinguishes it as an institution in active scaling, making it a higher-upside relationship to cultivate now than its current asset base alone would suggest.
The dominant story at PMAFF entering 2026 is leadership transition. Mike Angell, Founding Director for 14 years, is stepping down — a significant change for a family foundation where the founding generation typically shaped all grant relationships and priorities. A new Director of Performing Arts is expected to join in summer 2026. For classical music and theater organizations in PMAFF's geographic footprint, this is the most consequential development in the foundation's recent history: an incoming director will bring new sector relationships and may recalibrate which organizations receive invitations.
In December 2025, PMAFF welcomed Amina J. Dickerson to its Board of Directors. Dickerson's background spans theater, museum education, philanthropy, and community development in Chicago — a profile that reinforces the foundation's investment in Performing Arts while adding civic credibility to the Social Impact program. Also new to staff is Keysha Taylor, hired as Manager of Talent and Culture, reflecting internal organizational maturation as PMAFF grows its team in parallel with its assets.
On the systems side, the Foundant grant portal now requires Multi-Factor Authentication for all users as of July 16, 2025. Organizations with dormant logins from prior cycles must update their credentials before the next deadline or risk missing the application window entirely.
The 2026 grant calendar is active: the April 2026 cycle opened December 1, 2025, with Conservation applications due January 30, 2026, Social Impact and Performing Arts due January 23, and awards announced in early May. The November 2026 cycle opens June 15 with LOIs due July 8 and full applications due August 12.
For Conservation applicants (global): Do not attempt a cold portal submission — this program is invitation-only without exception. Your strategy must be relationship-first, sustained, and sector-visible. Attend the International Marine Conservation Congress, Society for Conservation Biology marine sessions, and the World Ocean Summit, where PMAFF staff and grantees are active. Peer introductions from current grantees carry the most weight. When invited, prioritize proposals that connect your work explicitly to one or more of PMAFF's stated niches: MPAs, sustainable fisheries, shark/ray conservation, coral reef protection, plastics reduction, or maritime decarbonization. Climate action resonates when grounded in marine science. International NGOs are eligible and actively funded; enter '00-0000000' as Tax ID in Foundant. Fiscal sponsors are welcome.
For Performing Arts applicants (Chicago / Cleveland / Detroit / Mid-Atlantic): Recent grantees (funded within two years) may apply without an invitation — confirm your eligibility before the December 1 portal opening. New organizations must seek an invitation; with Mike Angell's departure and a new Director of Performing Arts arriving summer 2026, this is the right moment to establish contact. Focus proposals strictly on classical music and theater presentation, perpetuation, and education. Dance, film, and individual commissions are excluded. Professional presenters, performers, and broadcasters are all eligible models.
For Social Impact applicants (Chicagoland): Use PMAFF's explicit ALAANA framework throughout your narrative — African, Latino/a, Asian, Arab, and Native American communities are the stated priority, not a subtext. The foundation funds both direct programs and antiracist systems change, including organizing and advocacy, which is broader than many foundations will support. General operating grants are available; emphasize organizational track record and leadership alongside program design.
Universal requirements: Apply through Foundant at pmaff.org. Set up MFA before the deadline. Submit by 11:59 PM Central Time. Contact Jess Matta at jessica@pmaff.org for application questions; conservation@pmaff.org for Conservation program questions. Do not contact the foundation by phone — email is the stated preferred channel.
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PMAFF's financial history reveals two distinct institutional eras separated by a major recapitalization event. From 2011 through 2021, the foundation operated as a lean pass-through vehicle: total assets rarely exceeded $2 million, and annual giving ranged from $446,000 (2011) to $25.4 million (2021), funded almost entirely by annual contributions from the Angell family rather than endowment returns. Starting in 2022, the institution transformed: $95 million in new contributions arrived in FY202.
Paul M Angell Family Foundation has distributed a total of $103.7M across 4 grants. The median grant size is $23.6M, with an average of $25.9M. Individual grants have ranged from $22.4M to $34.1M.
The Paul M. Angell Family Foundation (PMAFF) operates three structurally distinct programs under one roof, and the strategy for accessing each differs sharply. Conservation is the foundation's most global and most tightly controlled program — invitation-only for all applicants, new and returning alike. Organizations working on marine protected areas, sustainable fisheries, shark and ray conservation, coral reef protection, plastic pollution reduction, or maritime decarbonization cannot apply col.
Paul M Angell Family Foundation is headquartered in CHICAGO, IL.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kimberly R Van Horn | Managing Direct | $215K | $19K | $234K |
| James S Angell | President | $43K | $0 | $43K |
| Michael T Angell | Secretary | $30K | $0 | $30K |
| Brian Johnson | Treasurer | $0 | $0 | N/A |
Total Giving
$36.1M
Total Assets
$91.9M
Fair Market Value
$91.9M
Net Worth
$91.8M
Grants Paid
$34.1M
Contributions
$52M
Net Investment Income
$2.9M
Distribution Amount
$3.2M
Total Grants
4
Total Giving
$103.7M
Average Grant
$25.9M
Median Grant
$23.6M
Unique Recipients
1
Most Common Grant
$24.3M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See AttachedCharitable | Various See Attach, IL | $34.1M | 2023 |