L Heart Foundation Inc
L Heart Foundation Inc is a private foundation based in Bozeman, Montana. Its 2025 filing reports grants to charitable organizations in Montana and other states, including organizations working in areas such as history and culture, conservation, recreation, animal welfare, and community services.
L Heart Foundation Inc at a glance
In short: L Heart Foundation Inc gave $339K across 30 grants in 2025 (avg $11K), top state Montana. 40% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $338,778
- +57.2% vs 2024
- Grants made (2025)
- 30
- +7.1% vs 2024
- Average grant
- $11,293
- +46.7% vs 2024
- Median grant
- $7,730
- Total assets
- $4,786,836
- -1.1% vs 2024
- New grantees (estimate)
- 40% first-time grantees (12 of 30, 2025)
- Primary geography
- Montana (39% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to L Heart Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests.
- Contact
Mailing address: 414 S 9Th Avenue, Bozeman, MT 59715
Phone: (406) 581-4025
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who L Heart Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Love Inc ($50K). Together the top 10 received $234K.
Grant Size Distribution
107 grants across all recorded years
The most common grant size was under $50K: 105 grants of 107 (98%).
Geographic Focus
Where this funder awards grants
In 2025, Montana received 39% of grant dollars, followed by New York and Michigan at 15% each, Hawaii at 9%, and Tennessee at 6%. Grants also went to organizations in other states.
Grant Distribution by State
Share of 2025 grant dollars across all 30 itemized grants.
States
Cities
Is L Heart Foundation Inc open to new grantees?
40%
first-time grantees, 2025
In 2025, 12 of 30 grantees (40%) were first-time recipients. First grants averaged $8K; repeat grants $13K. How we count
Medians: $5K first-time, $10K repeat.
- 53% of 2025 grantees were also funded in 2024. Method
- Giving grew 145% from 2022 to 2025. Method
- In 2025 it paid out 100% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $100K (2020) to $339K (2025). In 2025 it made 30 grants totaling $339K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Love Inc Jenison, MI | To further tax exempt purpose. | $50,000 |
| The Nature Conservancy Bozeman, MT | Further Tax Exempt Purpose | $40,000 |
| Wave Hill Public Garden the Bronx, NY | Further tax exempt purpose. | $32,500 |
| Church on the Go Lahaina, HI | To further tax exempt purpose. | $30,000 |
| Ducks Unlimited Memphis, TN | Further Tax Exempt Purpose | $20,000 |
| Museum of the Rockies Bozeman, MT | To further tax exempt purpose. | $20,000 |
| Bozeman Film Society Bozeman, MT | Further tax exempt purpose. | $11,250 |
| Madison Valley Medical Center Ennis, MT | Further Tax Exempt Purpose | $10,000 |
| Montana Friends of MT PBS Bozeman, MT | Further Tax Exempt Purpose | $10,000 |
| Hazelden Betty Ford Newberg, OR | Further tax exempt purpose. | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $4,786,836 | $391,759 | $435,094 | $338,778 | 30 | $435,094 | $293,534 | $434,187 |
| 2024 | $4,840,171 | $629,314 | $313,075 | $215,561 | 28 | $313,075 | $530,903 | $401,167 |
| 2023 | $4,513,932 | $607,850 | $259,635 | $196,552 | 17 | $259,635 | $586,180 | $311,077 |
| 2022 | $4,165,717 | $3,110,197 | $191,218 | $138,500 | 14 | $191,218 | $31,055 | $272,814 |
| 2021 | $1,246,738 | $49,241 | $141,265 | $139,430 | 18 | $141,265 | $47,413 | $151,625 |
| 2020 | $1,338,762 | $51,885 | $101,306 | $100,050 | 11 | — | $51,362 | $121,389 |
Under IRS private-foundation payout rules, L Heart Foundation Inc reported a distributable amount of $434K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its reported grants include support for organizations with varied purposes. For example, Museum of the Rockies says it invites people to discover natural science and cultural history, while Ocean Conservancy says it works to protect the ocean through science, people, and policy. Connecticut Humane Society describes its work in companion animal welfare, and Bridger Bowl describes its goal of balancing quality, affordability, and sustainability as a locally focused recreation area. These are the grantees’ stated missions, not the foundation’s.
Grantmaking
In 2025, the foundation reported 30 grants totaling $338,778. Grants ranged from $1,500 to $50,000, with a median of $7,730. Among the largest reported grants were $50,000 to Love Inc, $40,000 to The Nature Conservancy, $32,500 to Wave Hill Public Garden, and $30,000 to Church on the Go. Other grants included $20,000 each to Ducks Unlimited and Museum of the Rockies, and $11,250 to Bozeman Film Society.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Theodore A Thompson and William B Thompson as directors.
L Heart Foundation Inc's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Theodore A Thompson
Director
On filings since 2022
No compensation reported
William B Thompson
Director
On filings since 2022
No compensation reported
Former officers (1)
- Former: Linn W. Krieg (2020–2021) — Director
Data from IRS Form 990 filings, 2020–2025. "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 L Heart Foundation Inc
How much does L Heart Foundation Inc give each year?
L Heart Foundation Inc gave $339K across 30 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $216K across 28 grants.
What is L Heart Foundation Inc's typical grant size?
L Heart Foundation Inc's median grant in 2025 was $7,730, and its average grant was $11,293, across 30 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from L Heart Foundation Inc that year got $8K on average.
Where does L Heart Foundation Inc give grants?
L Heart Foundation Inc's top state is Montana, with 39% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were New York (15%) and Michigan (15%). The most frequent recipient cities were Bozeman, MT (12 grants) and Washington, DC (2 grants).
Who are L Heart Foundation Inc's largest grantees?
L Heart Foundation Inc's largest 2025 grantees include Love Inc ($50,000), The Nature Conservancy ($40,000) and Wave Hill Public Garden ($32,500), according to its 2025 IRS Form 990-PF. Together they received 36% of its itemized 2025 grant dollars.
How large is L Heart Foundation Inc?
L Heart Foundation Inc reported $4.8M in total assets on its 2025 IRS Form 990-PF. It paid out $435K in qualifying distributions that year, against a required minimum of $434K (roughly 5% of its investment assets).
What does L Heart Foundation Inc fund?
No mission statement for the foundation is provided. Its reported grants include support for organizations with varied purposes. See mission & focus areas ↑
How do I apply for a grant from L Heart Foundation Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is L Heart Foundation Inc's EIN?
L Heart Foundation Inc's EIN (Employer Identification Number) is 81-0522506. IRS Form 990 filing data is available on this page for 2020–2025.
Does L Heart Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2025 (received by the IRS August 25, 2026)
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 18, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in L Heart Foundation Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). L Heart Foundation Inc funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/l-heart-foundation-inc-morg_f71f57064a1c4651942e8e62f0f6595d
BibTeX
@misc{grantable_810522506_2026,
author = {{Grantable}},
title = {{L Heart Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/l-heart-foundation-inc-morg_f71f57064a1c4651942e8e62f0f6595d},
note = {Accessed 2026-10-15. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from L Heart Foundation Inc'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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