Michel Library Trust
Michel Library Trust is a private foundation, based in Chicago, IL. IRS filing data is available from 2019 through 2025. In 2025, it awarded 1 grant totaling $226K. Net investment income was $69K.
Michel Library Trust at a glance
In short: Michel Library Trust gave $226K across 1 grant in 2025 (avg $226K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $225,734
- Grants made (2025)
- 1
- Average grant
- $225,734
- Median grant
- $225,734
- 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 Michel Library Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was The Park Ridge Public ($226K).
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 1 grant of 2 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Michel Library Trust gives
- In 2025 it paid out well above 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 2019 to 2025, annual grant giving ranged from $22K (2023) to $226K (2025). In 2025 it made 1 grant totaling $226K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Park Ridge Public Park Ridge, IL | General Support | $225,734 |
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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 | — | $71,920 | $236,688 | $225,734 | 1 | $233,489 | $68,721 | $6,995 |
| 2024 | $164,757 | $8,135 | $12,797 | — | — | $8,765 | $4,303 | $10,425 |
| 2023 | $169,405 | $11,083 | $34,481 | $21,862 | 1 | $30,627 | $7,218 | $10,003 |
| 2022 | $192,851 | $10,111 | $4,733 | — | — | $2,742 | $8,203 | $11,130 |
| 2021 | $187,474 | $12,866 | $4,983 | — | — | $2,847 | $10,935 | $12,151 |
| 2020 | $179,595 | $12,568 | $4,452 | — | — | — | $10,752 | $10,538 |
| 2019 | $171,481 | $23,518 | $31,614 | $27,056 | 1 | — | $11,348 | $11,016 |
Under IRS private-foundation payout rules, Michel Library Trust reported a distributable amount of $7K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Michel Library Trust's 2025 filing lists 2 officers; 1 of 2 officers listed in 2025 is compensated.
Officers on the 2025 filing
The Northern Trust Company
Trustee
On filings since 2019
40 hrs/week
$2K (2019) → $7K (2025)
Mel Lund-Michel
Co-Trustee
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 $7K, to The Northern Trust Company (Trustee).
Frequently asked questions about Michel Library Trust
How much does Michel Library Trust give each year?
Michel Library Trust gave $226K across 1 grant in 2025, according to its 2025 IRS Form 990-PF.
Where does Michel Library Trust operate?
Michel Library Trust has awarded grants in Illinois.
How much is Michel Library Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Michel Library Trust reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Michel Library Trust's EIN?
Michel Library Trust's EIN (Employer Identification Number) is 36-7197752. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS August 12, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 1, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 13, 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 7, 2026)
- IRS filings on file for fiscal years 2019–2024
Live grants for the work Michel Library Trust funds
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