Lakeshore Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$229K
+1.9% YoY
Annual Giving
$20K
+33.3% YoY
Grant Count
5
+66.7% YoY
Avg Grant Size
$4K
-20.0% YoY
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.
About Lakeshore Foundation Inc
Based on IRS filings
Lakeshore Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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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 | $229,457 | $225,098 | $223,856 |
| Revenue | $25,870 | $18,811 | $12,372 |
| Expenses | $21,848 | $17,654 | $23,663 |
| Qualifying Distributions | $20,000 | $15,000 | $21,000 |
| Net Investment Income | $25,870 | $18,811 | $12,372 |
| Distributable Amount | $17,252 | $15,984 | $17,148 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
22 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Northern Illinois Food Bank ($10,000), Meals on Wheels ($2,500), My Block My Hood My City ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| MEALS ON WHEELS CHICAGO, IL | TO SUPPORT CHARITABLE PURPOSE | $2,500 |
| NORTHERN ILLINOIS FOOD BANK ST CHARLES, IL | TO SUPPORT CHARITABLE PURPOSE | $10,000 |
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CANDELARIA MALMGREN TAGER | PRESIDENT | — | — |
| BARBARA M TIRMAN | CHAIRPERSON | — | — |
| ANTHONY G MARCUSSEN | VICE PRESIDENT | — | — |
| GREGG S TAGER | SECRETARY | — | — |
| GEORGE V MALMGREN IV | TREASURER | — | — |
| MELISSA A MALMGREN | DIRECTOR | — | — |
| ANDREW J TIRMAN | DIRECTOR | — | — |
| LEAH M FRANKS | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Lakeshore Foundation Inc?
Lakeshore Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HINSDALE, IL. It holds $229K in total assets as of 2024.
How large is Lakeshore Foundation Inc?
As of 2024, Lakeshore Foundation Inc holds $229K in total assets with $26K in annual revenue. It awarded 5 grants totaling $20K in 2024.
Where does Lakeshore Foundation Inc operate?
Lakeshore Foundation Inc has awarded grants in Illinois.
What size grants does Lakeshore Foundation Inc award?
In 2024, Lakeshore Foundation Inc awarded 5 grants totaling $20K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Lakeshore Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lakeshore Foundation Inc reported a distributable amount of $17K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Lakeshore 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.
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