L Heart Foundation Inc
L Heart Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOZEMAN, MT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.8M in total assets. In 2024, it awarded 28 grants totaling $216K. Net investment income was $531K.
Key facts about L Heart Foundation Inc
- EIN
- 81-0522506
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $215,561
- Grants made (2024)
- 28
- Average grant
- $7,699
- Median grant
- $10,000
- Total assets
- $4,840,171
- Primary geography
- Montana (39% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026.
Who L Heart Foundation Inc funds
By grant dollars, the top recipient states for L Heart Foundation Inc's 28 itemized 2024 grants were Montana (39%), New York (21%) and District of Columbia (9%). The most frequent recipient cities were Bozeman, MT (8 grants), Washington, DC (2 grants) and Missoula, MT (2 grants). None of its 28 grants with a stated purpose were described as general or operating support. Recurring purposes include "To further tax exempt purpose." (15 grants) and "Further Tax Exempt Purpose" (13 grants).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.8M
+7.2% YoY
Annual Giving
$216K
+9.7% YoY
Grant Count
28
+64.7% YoY
Avg Grant Size
$8K
-33.4% YoY
Under IRS private-foundation payout rules, L Heart Foundation Inc reported a distributable amount of $401K for 2024 — the minimum it must pay out in qualifying distributions.
About L Heart Foundation Inc
Based on IRS filings
L Heart Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOZEMAN, MT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.8M in total assets. In 2024, it awarded 28 grants totaling $216K. Net investment income was $531K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 28 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,840,171 | $4,513,932 | $4,165,717 |
| Revenue | $629,314 | $607,850 | $3,110,197 |
| Expenses | $313,075 | $259,635 | $191,218 |
| Qualifying Distributions | $313,075 | $259,635 | $191,218 |
| Net Investment Income | $530,903 | $586,180 | $31,055 |
| Distributable Amount | $401,167 | $311,077 | $272,814 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
88 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Wave Hill Public Garden ($15,560), Ducks Unlimited ($10,000), Madison Valley Medical Center ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Wave Hill Public Garden the Bronx, NY | Further tax exempt purpose. | $15,560 |
| DUCKS UNLIMITED Memphis, TN | FURTHER TAX EXEMPT PURPOSE | $10,000 |
| Madison Valley Medical Center Ennis, MT | FURTHER TAX EXEMPT PURPOSE | $10,000 |
| National Park Foundation Washington, DC | FURTHER TAX EXEMPT PURPOSE | $10,000 |
| Glynwood Farm - Sustainable Farming cold spring, NY | Further tax exempt purpose. | $10,000 |
| Bozeman Film Society Bozeman, MT | Further tax exempt purpose. | $10,000 |
| Hazelden Betty Ford Newberg, OR | Further tax exempt purpose. | $10,000 |
| WLI - MT Bozeman, MT | Further tax exempt purpose. | $10,000 |
| The ICCF Group Washington, DC | To further tax exempt purpose. | $10,000 |
| The Cody Dieruf Foundation Bozeman, MT | To further tax exempt purpose. | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Theodore A Thompson | Director | — | — |
| William B Thompson | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is L Heart Foundation Inc?
L Heart Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOZEMAN, MT. It holds $4.8M in total assets as of 2024.
How large is L Heart Foundation Inc?
As of 2024, L Heart Foundation Inc holds $4.8M in total assets with $629K in annual revenue. It awarded 28 grants totaling $216K in 2024.
Where does L Heart Foundation Inc operate?
L Heart Foundation Inc has awarded grants in Arkansas, California, Colorado, District of Columbia, Georgia, Hawaii, Illinois, Michigan, Montana, North Carolina, New York, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia.
What size grants does L Heart Foundation Inc award?
In 2024, L Heart Foundation Inc awarded 28 grants totaling $216K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is L Heart Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, L Heart Foundation Inc reported a distributable amount of $401K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in L Heart Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.