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Also known as: JOSEPH A POWER JR
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Power Family Foundation is a private corporation based in CHICAGO, IL. The foundation received its IRS ruling in 2000. The principal officer is Joseph A Power Jr. It holds total assets of $1.9M. Annual income is reported at $760K. Total assets have grown from $925K in 2011 to $2.3M in 2023. The foundation is governed by 3 officers and trustees. 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 2016 to 2023. Grantmaking is concentrated in Illinois. According to available records, Power Family Foundation has made 47 grants totaling $1.3M, with a median grant of $5K. Annual giving has grown from $452K in 2022 to $823K in 2023. Individual grants have ranged from $1K to $350K, with an average award of $27K. The foundation has supported 25 unique organizations. The foundation primarily supports organizations in Illinois, Indiana, Ohio, which account for 98% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$10K
Average Grant
$28K
Largest Grant
$230K
Based on 11 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.
Power Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 47 grants. Its grantmaking reaches organizations primarily in IL, IN, OH.
Power Family Foundation has distributed a total of $1.3M across 47 grants. The median grant size is $5K, with an average of $27K. Individual grants have ranged from $1K to $350K.
Power Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Power Family Foundation is headquartered in CHICAGO, IL. While based in IL, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Joseph A Power Jr | PRESIDENT / DIRECTOR | $0 | $0 | N/A |
| Susan V Power | DIRECTOR | $0 | $0 | N/A |
| Joseph A Power Iii | DIRECTOR | $0 | $0 | N/A |
Total Giving
$843K
Total Assets
$2.3M
Fair Market Value
$3.2M
Net Worth
$2.3M
Grants Paid
$823K
Contributions
N/A
Net Investment Income
$200K
Distribution Amount
$74K
Total: $2.1M
Total Grants
47
Total Giving
$1.3M
Average Grant
$27K
Median Grant
$5K
Unique Recipients
25
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Share FoundationGENERAL SUPPORT | La Porte, IN | $3K | 2023 |
| University Of Notre DameGENERAL SUPPORT | Notre Dame, IN | $350K | 2023 |
| Leo High SchoolGENERAL SUPPORT | Chicago, IL | $150K | 2023 |
| Loyola UniversityGENERAL SUPPORT | Chicago, IL | $100K | 2023 |
| Depaul UniversityGENERAL SUPPORT | Chicago, IL | $100K | 2023 |
| Big Shoulders FundGENERAL SUPPORT | Chicago, IL | $50K | 2023 |
| Cure EpilepsyGENERAL SUPPORT | Chicago, IL | $25K | 2023 |
| The Ireland FundsGENERAL SUPPORT | New York, NY | $25K | 2023 |
| St Jude Children'S Research HospitalGENERAL SUPPORT | Chicago, IL | $5K | 2023 |
| Mercy Home For Boys And GirlsGENERAL SUPPORT | Chicago, IL | $5K | 2023 |
| Francis W Parker SchoolGENERAL SUPPORT | Chicago, IL | $5K | 2023 |
| Ignatia FoundationGENERAL SUPPORT | Chicago, IL | $3K | 2023 |
| Trinity High SchoolGENERAL SUPPORT | River Forest, IL | $3K | 2023 |
| St Ignatius College PrepGENERAL SUPPORT | Chicago, IL | $25K | 2022 |
| Cleveland ClinicGENERAL SUPPORT | Cleveland, OH | $20K | 2022 |
| Misericordia Family AssociationGENERAL SUPPORT | Chicago, IL | $14K | 2022 |
| Windy City Boxing Youth FoundationGENERAL SUPPORT | Chicago, IL | $10K | 2022 |
| Chicago Police Memorial FundGENERAL SUPPORT | Chicago, IL | $5K | 2022 |
| St Gabriel Catholic SchoolGENERAL SUPPORT | Chicago, IL | $5K | 2022 |
| The Jesse White FoundationGENERAL SUPPORT | Chicago, IL | $5K | 2022 |
| Saint Clement ChurchGENERAL SUPPORT | Chicago, IL | $3K | 2022 |
| Chicago Coalition For The HomelessGENERAL SUPPORT | Chicago, IL | $1K | 2022 |
| Nourishing HopeGENERAL SUPPORT | Chicago, IL | $1K | 2022 |
| Greater Chicago Food BankGENERAL SUPPORT | Chicago, IL | $1K | 2022 |
| The Night MinistryGENERAL SUPPORT | Chicago, IL | $1K | 2022 |