Montgomery Family Foundation
Montgomery Family Foundation is a private foundation, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $612K in total assets. In 2024, it awarded 11 grants totaling $138K. Net investment income was $15K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$612K
+8.0% YoY
Annual Giving
$138K
+160.0% YoY
Grant Count
11
-26.7% YoY
Avg Grant Size
$13K
+254.6% YoY
Under IRS private-foundation payout rules, Montgomery Family Foundation reported a distributable amount of $37K for 2024 — the minimum it must pay out in qualifying distributions.
About Montgomery Family Foundation
Based on IRS filings
Montgomery Family Foundation is a private foundation, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $612K in total assets. In 2024, it awarded 11 grants totaling $138K. Net investment income was $15K.
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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 | $611,780 | $566,451 | $605,499 |
| Revenue | $186,463 | $16,069 | $91,628 |
| Expenses | $141,134 | $55,117 | $60,032 |
| Qualifying Distributions | $137,953 | $52,944 | $57,025 |
| Net Investment Income | $14,621 | $13,896 | $11,487 |
| Distributable Amount | $36,778 | $33,337 | $30,827 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Inner Compass Initiative ($50,000), 5th Element Foundation - Legacy Global Foundation ($25,000), Isps-us ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 5TH ELEMENT FOUNDATION - LEGACY GLOBAL FOUNDATION MESA, AZ | GENERAL PURPOSES | $25,000 |
| ALSACST JUDE'S CHILDREN'S RESEARCH HOSPITAL CHICAGO, IL | GENERAL PURPOSES | $5,000 |
| AUTISM FORWARD INC SOUTH DENNIS, MA | GENERAL PURPOSES | $10,100 |
| FUTURE DHARMA | GENERAL PURPOSES | $5,000 |
| GREATER BOSTON FOOD BANK BOSTON, MA | GENERAL PURPOSES | $5,000 |
| INNER COMPASS INITIATIVE WEST HARTFORD, CT | GENERAL PURPOSES | $50,000 |
| ISPS-US PHILADELPHIA, PA | GENERAL PURPOSES | $25,000 |
| MAD IN AMERICA FOUNDATION CAMBRIDGE, MA | GENERAL PURPOSES | $500 |
| MAD SCIENCE SUMMER CAMP SONOMA, CA | GENERAL PURPOSES | $1,010 |
| MOONSHOT MISSIONS BETHESDA, MD | GENERAL PURPOSES | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL R MONTGOMERY | TRUSTEE | 0.25 | — |
| NEELA MONTGOMERY | TRUSTEE | 0.25 | — |
Frequently Asked Questions
How large is Montgomery Family Foundation?
As of 2024, Montgomery Family Foundation holds $612K in total assets with $186K in annual revenue. It awarded 11 grants totaling $138K in 2024.
Where does Montgomery Family Foundation operate?
Montgomery Family Foundation has awarded grants in Arizona, California, Colorado, Connecticut, Florida, Illinois, Massachusetts, Maryland, New Hampshire, New York, Pennsylvania, Texas.
What size grants does Montgomery Family Foundation award?
In 2024, Montgomery Family Foundation awarded 11 grants totaling $138K — an average of about $13K per grant, based on its IRS Form 990 filings.
How much is Montgomery Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Montgomery Family Foundation reported a distributable amount of $37K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Montgomery Family Foundation's EIN?
Montgomery Family Foundation's EIN (Employer Identification Number) is 85-6774044. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Montgomery 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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