Mary Horsman Underwood Memlfund TW
Mary Horsman Underwood Memlfund TW is a private foundation focused on Health, based in Chicago, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $251K in total assets. In 2025, it awarded 4 grants totaling $12K. Net investment income was $15K.
Mary Horsman Underwood Memlfund TW at a glance
In short: Mary Horsman Underwood Memlfund TW gave $12K across 4 grants in 2025 (avg $3K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $12,458
- +6.5% vs 2024
- Grants made (2025)
- 4
- +0.0% vs 2024
- Average grant
- $3,115
- +6.5% vs 2024
- Median grant
- $2,336
- Total assets
- $251,460
- -0.4% vs 2024
- Primary geography
- Illinois (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Mary Horsman Underwood Memlfund TW funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Mercy Health Development Foundation ($6K). Together the top 4 received $12K.
Grant Size Distribution
16 grants across all recorded years
The most common grant size was under $50K: 16 grants of 16 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
How Mary Horsman Underwood Memlfund TW gives
- Giving fell 55% from 2022 to 2025. Method
- In 2025 it paid out 98% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2025, annual grant giving ranged from $12K (2024) to $27K (2022). In 2025 it made 4 grants totaling $12K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mercy Health Development Foundation Rockford, IL | Program Support | $6,229 |
| Rocvale Children's Home Loves Park, IL | Program Support | $3,115 |
| Highview Retirement Home Rockton, IL | Program Support | $1,557 |
| Rosecrance Foundation Rockford, IL | Program Support | $1,557 |
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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 | $251,460 | $18,400 | $19,279 | $12,458 | 4 | $15,685 | $15,084 | $16,063 |
| 2024 | $252,443 | $18,403 | $17,972 | $11,699 | 4 | $14,696 | $15,325 | $15,455 |
| 2023 | $252,124 | $13,851 | $19,638 | $13,775 | 4 | $16,564 | $10,833 | $14,489 |
| 2022 | $257,859 | $10,633 | $33,771 | $27,472 | 4 | $30,383 | $7,396 | $16,006 |
| 2021 | $281,211 | $34,596 | $6,782 | — | — | $3,137 | $31,172 | $18,334 |
| 2020 | $253,362 | $37,283 | $18,400 | $12,424 | 4 | — | $34,217 | $15,810 |
Under IRS private-foundation payout rules, Mary Horsman Underwood Memlfund TW reported a distributable amount of $16K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Mary Horsman Underwood Memlfund TW's only listed officer is BMO Bank N A, Trustee on every filing since 2023 (compensated).
Officers on the 2025 filing
BMO Bank N A
Trustee
On filings since 2023
1 hr/week
$6K (2023) → $6K (2025)
Former officers (1)
- Former: BMO Harris Bank N A (2020–2022) — Trustee
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $6K, to BMO Bank N a (Trustee).
Frequently asked questions about Mary Horsman Underwood Memlfund TW
How much does Mary Horsman Underwood Memlfund TW give each year?
Mary Horsman Underwood Memlfund TW gave $12K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $12K across 4 grants.
What is Mary Horsman Underwood Memlfund TW's typical grant size?
Mary Horsman Underwood Memlfund TW's median grant in 2025 was $2,336, and its average grant was $3,115, across 4 grants on its 2025 IRS Form 990-PF.
Where does Mary Horsman Underwood Memlfund TW give grants?
Mary Horsman Underwood Memlfund TW gives mostly in Illinois: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Rockford, IL (2 grants).
Does Mary Horsman Underwood Memlfund TW give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on Mary Horsman Underwood Memlfund TW's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Program Support" (4 grants).
How large is Mary Horsman Underwood Memlfund TW?
Mary Horsman Underwood Memlfund TW reported $251K in total assets on its 2025 IRS Form 990-PF. It paid out $16K in qualifying distributions that year, against a required minimum of $16K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Mary Horsman Underwood Memlfund TW?
Mary Horsman Underwood Memlfund TW is a private foundation focused on Health, based in Chicago, IL. It holds $251K in total assets as of 2025.
What is Mary Horsman Underwood Memlfund TW's EIN?
Mary Horsman Underwood Memlfund TW's EIN (Employer Identification Number) is 36-6075031. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 24, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 26, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 23, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 1, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 19, 2026)
- IRS filings on file for fiscal years 2020–2024
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