Lake Family Foundation
Lake Family Foundation is a private foundation, based in PO BOX CHI, IL. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $11.5M in total assets. In 2024, it awarded 1 grants totaling $709K. Net investment income was $712K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$11.5M
-0.5% YoY
Annual Giving
$709K
+9.5% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$709K
+9.5% YoY
Under IRS private-foundation payout rules, Lake Family Foundation reported a distributable amount of $763K for 2024 — the minimum it must pay out in qualifying distributions.
About Lake Family Foundation
Based on IRS filings
Lake Family Foundation is a private foundation, based in PO BOX CHI, IL. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $11.5M in total assets. In 2024, it awarded 1 grants totaling $709K. Net investment income was $712K.
Ready to take the next step with Lake Family Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $11,500,358 | $11,559,680 | $11,531,815 |
| Revenue | $734,915 | $719,818 | $1,080,296 |
| Expenses | $795,145 | $720,380 | $766,252 |
| Qualifying Distributions | $758,819 | $690,895 | $725,985 |
| Net Investment Income | $711,709 | $697,838 | $1,051,086 |
| Distributable Amount | $763,091 | $711,643 | $681,491 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include See Attached Schedule ($708,500).
| Recipient | Purpose | Amount |
|---|---|---|
| SEE ATTACHED SCHEDULE SEE ATTACHED SCHEDULE, IL | GENERAL SUPPORT | $708,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| C WILLIAM LAKE III | PRESIDENT | 10 | — |
| SUSAN B LAKE | SECRETARY AND TREAS | 1 | — |
| KATHERINE GIRON | DIRECTOR AND VP | 1 | — |
| PETER LAKE | DIRECTOR | 1 | — |
| KERRY LAKE | DIRECTOR | 1 | — |
Frequently Asked Questions
How large is Lake Family Foundation?
As of 2024, Lake Family Foundation holds $11.5M in total assets with $735K in annual revenue. It awarded 1 grants totaling $709K in 2024.
Where does Lake Family Foundation operate?
Lake Family Foundation has awarded grants in Illinois.
What size grants does Lake Family Foundation award?
In 2024, Lake Family Foundation awarded 1 grants totaling $709K — an average of about $709K per grant, based on its IRS Form 990 filings.
How much is Lake Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lake Family Foundation reported a distributable amount of $763K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lake Family Foundation's EIN?
Lake Family Foundation's EIN (Employer Identification Number) is 36-3613199. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in Lake Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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