Homecrest Foundation

Private foundation · Grantmaker Wilmette, IL EIN: 36-2465306

Homecrest Foundation is a private foundation, based in Wilmette, IL. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $473K in total assets. In 2024, it awarded 6 grants totaling $83K. Net investment income was $11K.

Homecrest Foundation at a glance

In short: Homecrest Foundation gave $83K across 6 grants in 2024 (avg $14K), mostly in Illinois. Source: 2024 IRS Form 990-PF.

Annual giving (2024)
$83,082
-29.8% vs 2023
Grants made (2024)
6
-14.3% vs 2023
Average grant
$13,847
-18.1% vs 2023
Median grant
$13,028
Total assets
$472,946
+100.6% vs 2023
Primary geography
Illinois (100% of itemized 2024 grant dollars)
Latest 990 filing
Form 990-PF, 2024 View filing

Data from IRS Form 990-PF, 2024; updated October 2026.

Who Homecrest Foundation funds

How this funder distributes its grants

Grant Size Distribution

37 grants across all recorded years

37<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 37 grants of 37 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2024 grant dollars across all 6 itemized grants.

States

Cities

AuroraChicagoCrystal LakeDeer ParkElmhurstGalenaGrayslakeHighland ParkLisleLombardMount ProspectMoweaqua

How Homecrest Foundation gives

  • Giving fell 24% from 2021 to 2024. Method
  • In 2024 it paid out 450% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K4 grants2019 8 grants2020 8 grants2021 8 grants2022 7 grants2023 6 grants2024

From 2019 to 2024, annual grant giving ranged from $64K (2019) to $118K (2023). In 2024 it made 6 grants totaling $83K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
6 grants to individuals Recipients not named —$83,082
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$472,946$329,327$92,515$83,0826$89,978$11,140$20,012
2023$235,822$-4,742$129,172$118,3017$126,348$7,514$14,129
2022$345,376$312,718$128,634$117,8138$125,927$5,151$11,187
2021$192,416$23,304$120,508$109,1608$109,160$18,341$12,163
2020$306,046$5,147$108,851$97,5238—$2,454$16,727
2019$395,495$13,276$77,038$63,7004—$9,327$20,778

Under IRS private-foundation payout rules, Homecrest Foundation reported a distributable amount of $20K for 2024 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Homecrest Foundation is led by Bonnie Mitchinson, President on every filing since 2023; none of the 4 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Bonnie Mitchinson

    President

    On filings since 2023

    No compensation reported

  • Sam McClintick

    Director

    On filings since 2023

    No compensation reported

  • Maria Freeman

    Treasurer

    Director → Treasurer, 2023

    On filings since 2021

    No compensation reported

  • Ellen Richardson

    Clerk

    On filings since 2023

    No compensation reported

Former officers (6)
  • Former: Candi Eggert (2019–2022) — Director
  • Former: Elizabeth Richards (2019–2022) — Treasurer
  • Former: Jeffrey Merz (2019–2022) — President
  • Former: Corda Murphy (2019–2021) — Treasurer
  • Former: Mary Beth Saldivar (2019–2021) — Secretary
  • Former: William Marlow (2019–2020) — Director

Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Homecrest Foundation

How much does Homecrest Foundation give each year?

Homecrest Foundation gave $83K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $118K across 7 grants.

What is Homecrest Foundation's typical grant size?

Homecrest Foundation's median grant in 2024 was $13,028, and its average grant was $13,847, across 6 grants on its 2024 IRS Form 990-PF.

Where does Homecrest Foundation give grants?

Homecrest Foundation gives mostly in Illinois: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.

Does Homecrest Foundation give general operating support?

Not in 2024: none of the 6 grants with a stated purpose on Homecrest Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Care Giving" (3 grants) and "Rent Support" (3 grants).

How large is Homecrest Foundation?

Homecrest Foundation reported $473K in total assets on its 2024 IRS Form 990-PF. It paid out $90K in qualifying distributions that year, against a required minimum of $20K (roughly 5% of its investment assets).

What is Homecrest Foundation's EIN?

Homecrest Foundation's EIN (Employer Identification Number) is 36-2465306. IRS Form 990 filing data is available on this page for 2019–2024.

Data last updated October 2026. Sourced from IRS Form 990-PF filings.

Data update history

(7)

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS August 31, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS June 28, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS November 7, 2023)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS November 12, 2024)
  6. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
  7. IRS filings on file for fiscal years 2019–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Homecrest Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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