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Wheeler Foundation

RANKIN, IL EIN: 61-1445596 Website

The Wheeler Foundation is a private grantmaking foundation established in 2005 in Rankin, Illinois, following the deaths of Charles and Maxine Wheeler. The foundation was created to continue the legacy of the Wheelers, who dedicated their lives to enriching and empowering students with learning and behavioral challenges. From 1964 to 2002, Charles and Maxine Wheeler operated the Wheeler Home Farm School in Rankin, Illinois, a residential facility serving students with special needs. Maxine was a special education teacher and Charles was a psychologist. The foundation carries forward their vision of supporting individuals with disabilities.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$22.7M

-1.8% YoY

Annual Giving

$2.3M

+68.9% YoY

Grant Count

19

+35.7% YoY

Avg Grant Size

$121K

+24.5% YoY

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's primary purpose is to fund educational initiatives and support for individuals with special needs and learning challenges. Key funding areas include:

  • Special education programs and services
  • Educational scholarships and student support
  • Charitable education purposes
  • Support for organizations serving individuals with developmental and behavioral challenges

Grantmaking

Grant Range

$10,000–$748,000

Average Grant

amount: approximately $97,518

How to Apply

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in east central Illinois and west central Indiana.

Grant Distribution by State

2states

Cities

ArmstrongBismarckCatlinChampaignCharlestonChicagoCovingtonDanvilleDonovanGeorgetownGilmanHoopestonNormalOakwoodParisPeoriaPine VillagePotomacSheldonUrbana

Financial History

Multi-year comparison from IRS filings

As of 2023:

  • Total assets: $23,109,345
  • Total revenue: $13,546,542
  • Total expenses: $1,797,186
  • Total liabilities: $0

As of 2024:

  • Total assets: $22,690,389
  • Total giving: $2,306,542
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$4M$7M$11M$15M20202021202220232024
Metric202420232022
Total Assets$22,690,389$23,109,345$20,010,920
Revenue$2,244,406$13,546,542$12,904,443
Expenses$2,662,766$1,797,186$1,073,435
Qualifying Distributions$2,334,048$1,373,719$598,592
Net Investment Income$1,879,919$1,819,617$12,429,600
Distributable Amount$1,652,492$1,484,380$833,388

Giving Over Time

Total grant dollars and number of grants per year

$0$577K$1M$2M$2M7 grants20205 grants202111 grants202214 grants202319 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

ILLINOIS STATE UNIVERSIT…$748KCARLE HEALTH CENTER FOR …$463KVERMILION ASSOCIATION FO…$378KCROSSPOINT HUMAN SERVICES$202KDANVILLE AREA COMMUNITY …$175KIROQUOIS SPECIAL EDUCATI…$74KDANVILLE SCHOOL DISTRICT$52KUNIVERSITY OF ILLINOIS F…$45KEASTERN ILLINOIS UNIVERS…$45KDONOVAN COMMUNITY SCHOOL…$43K

Grant Size Distribution

56 grants across all recorded years

38<$50K8$50–100K4$100–250K4$250–500K2$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

HEATHER LANESECRETARY$2KLYNN MAGERSTREASURER$1KBOB SWIRESPRESIDENT$1KDENNIS WEBERDIRECTOR$300SARAH WILSONDIRECTOR$300JERRY MCGLAUGHLINDIRECTOR$250CHRISTINE MCTAGGERTDIRECTOR$200

From 2024 filing

NameTitleHoursCompensation
CHRISTINE MCTAGGERTDIRECTOR1$200
LYNN MAGERSTREASURER2$1,300
DENNIS WEBERDIRECTOR1$300
HEATHER LANESECRETARY2$1,800
BOB SWIRESPRESIDENT5$1,300
SARAH WILSONDIRECTOR1$300
JERRY MCGLAUGHLINDIRECTOR1$250

Subject Areas

Focus areas based on grantmaking activity

Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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