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.
Key facts about Montgomery Family Foundation
In short: Montgomery Family Foundation gave $138K across 11 grants in 2024 (avg $13K), top state Connecticut. 73% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 85-6774044
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $137,640
- Grants made (2024)
- 11
- Average grant
- $12,513
- Median grant
- $5,000
- New grantees (estimate)
- 73% first-time grantees (8 of 11, 2024)
- Total assets
- $611,780
- Primary geography
- Connecticut (36% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
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.
Is Montgomery Family Foundation open to new grantees?
73%
first-time grantees, 2024
In 2024, 8 of 11 grantees (73%) were first-time recipients. First grants averaged $8K; repeat grants $25K. How we count
Medians: $5K first-time, $25K repeat.
- 27% of 2024 grantees were also funded in 2023. Method
- Giving grew 665% from 2021 to 2024. Method
- In 2024 it paid out 375% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 11 itemized 2024 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $18K (2021) to $138K (2024). In 2024 it made 11 grants totaling $138K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Inner Compass Initiative ($50K). Together the top 10 received $137K.
Grant Size Distribution
37 grants across all recorded years
The most common grant size was under $50K: 36 grants of 37 (97%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Inner Compass Initiative West Hartford, CT | General Purposes | $50,000 |
| 5TH Element Foundation - Legacy Global Foundation Mesa, AZ | General Purposes | $25,000 |
| Isps-US Philadelphia, PA | General Purposes | $25,000 |
| Autism Forward Inc South Dennis, MA | General Purposes | $10,100 |
| Moonshot Missions Bethesda, MD | General Purposes | $10,000 |
| Alsacst Jude's Children's Research Hospital Chicago, IL | General Purposes | $5,000 |
| Future Dharma | General Purposes | $5,000 |
| Greater Boston Food Bank Boston, MA | General Purposes | $5,000 |
| Pundarika Foundation Crestone, CO | General Purposes | $1,030 |
| Mad Science Summer Camp Sonoma, CA | General Purposes | $1,010 |
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Montgomery Family Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Michael R. Montgomery
Trustee
On filings since 2020
0.3 hrs/week
No compensation reported
Neela Montgomery
Trustee
On filings since 2020
0.3 hrs/week
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 Montgomery Family Foundation
How much does Montgomery Family Foundation give each year?
Montgomery Family Foundation gave $138K across 11 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $53K across 15 grants.
What is Montgomery Family Foundation's typical grant size?
Montgomery Family Foundation's median grant in 2024 was $5,000, and its average grant was $12,513, across 11 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Montgomery Family Foundation that year got $8K on average.
Where does Montgomery Family Foundation give grants?
Montgomery Family Foundation's top state is Connecticut, with 36% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Arizona (18%) and Pennsylvania (18%).
Does Montgomery Family Foundation give general operating support?
Yes: 100% of Montgomery Family Foundation's 2024 grants with a stated purpose (11 of 11) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Montgomery Family Foundation's largest grantees?
Montgomery Family Foundation's largest 2024 grantees include Inner Compass Initiative ($50,000), 5TH Element Foundation - Legacy Global Foundation ($25,000) and Isps-US ($25,000), according to its 2024 IRS Form 990-PF. Together they received 73% of its itemized 2024 grant dollars.
How large is Montgomery Family Foundation?
Montgomery Family Foundation reported $612K in total assets on its 2024 IRS Form 990-PF. It paid out $138K in qualifying distributions that year, against a required minimum of $37K (roughly 5% of its investment assets).
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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