Lakeshore Foundation Inc
Lakeshore Foundation Inc is a private foundation, based in Hinsdale, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $229K in total assets. In 2024, it awarded 5 grants totaling $20K. Net investment income was $26K.
Lakeshore Foundation Inc at a glance
In short: Lakeshore Foundation Inc gave $20K across 5 grants in 2024 (avg $4K), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $20,000
- +33.3% vs 2023
- Grants made (2024)
- 5
- +66.7% vs 2023
- Average grant
- $4,000
- -20.0% vs 2023
- Median grant
- $2,500
- Total assets
- $229,457
- +1.9% 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 September 2026.
Who Lakeshore Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Northern Illinois Food Bank ($10K). Together the top 5 received $20K.
Grant Size Distribution
22 grants across all recorded years
The most common grant size was under $50K: 22 grants of 22 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
States
Cities
How Lakeshore Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (−13%). Method
- In 2024 it paid out 116% 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
From 2020 to 2024, annual grant giving ranged from $15K (2023) to $23K (2021). In 2024 it made 5 grants totaling $20K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Northern Illinois Food Bank St Charles, IL | To Support Charitable Purpose | $10,000 |
| Meals on Wheels Chicago, IL | To Support Charitable Purpose | $2,500 |
| My Block My Hood My City Chicago, IL | To Support Charitable Purpose | $2,500 |
| The Chicago Community Foundation Chicago, IL | To Support Charitable Purpose | $2,500 |
| Friends of the Chicago River Chicago, IL | To Support Charitable Purpose | $2,500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $229,457 | $25,870 | $21,848 | $20,000 | 5 | $20,000 | $25,870 | $17,252 |
| 2023 | $225,098 | $18,811 | $17,654 | $15,000 | 3 | $15,000 | $18,811 | $15,984 |
| 2022 | $223,856 | $12,372 | $23,663 | $21,000 | 5 | $21,000 | $12,372 | $17,148 |
| 2021 | $235,147 | $41,012 | $25,890 | $23,000 | 5 | $23,000 | $38,025 | $18,766 |
| 2020 | $220,025 | $5,652 | $23,242 | $20,000 | 4 | — | $7,306 | $16,197 |
Under IRS private-foundation payout rules, Lakeshore Foundation Inc reported a distributable amount of $17K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Lakeshore Foundation Inc is led by Candelaria Malmgren Tager, President on every filing since 2020; none of the 8 officers listed in 2024 report compensation.
Officers on the 2024 filing
Candelaria Malmgren Tager
President
On filings since 2020
No compensation reported
Barbara M. Tirman
Chairperson
Director → Chairperson, 2024
On filings since 2020
No compensation reported
Andrew J. Tirman
Director
On filings since 2020
No compensation reported
Melissa A. Malmgren
Director
On filings since 2020
No compensation reported
Leah M. Franks
Director
New on the 2024 filing
No compensation reported
Anthony G. Marcussen
Vice President
Director → Vice President, 2024
On filings since 2020
No compensation reported
George V. Malmgren IV
Treasurer
On filings since 2020
No compensation reported
Gregg S. Tager
Secretary
Director → Secretary, 2024
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Lakeshore Foundation Inc
How much does Lakeshore Foundation Inc give each year?
Lakeshore Foundation Inc gave $20K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $15K across 3 grants.
What is Lakeshore Foundation Inc's typical grant size?
Lakeshore Foundation Inc's median grant in 2024 was $2,500, and its average grant was $4,000, across 5 grants on its 2024 IRS Form 990-PF.
Where does Lakeshore Foundation Inc give grants?
Lakeshore Foundation Inc gives mostly in Illinois: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Chicago, IL (4 grants).
Who are Lakeshore Foundation Inc's largest grantees?
Lakeshore Foundation Inc's largest 2024 grantees include Northern Illinois Food Bank ($10,000), Meals on Wheels ($2,500) and My Block My Hood My City ($2,500), according to its 2024 IRS Form 990-PF. Together they received 75% of its itemized 2024 grant dollars.
How large is Lakeshore Foundation Inc?
Lakeshore Foundation Inc reported $229K in total assets on its 2024 IRS Form 990-PF. It paid out $20K in qualifying distributions that year, against a required minimum of $17K (roughly 5% of its investment assets).
What is Lakeshore Foundation Inc's EIN?
Lakeshore Foundation Inc's EIN (Employer Identification Number) is 26-3871609. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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