Montgomery Family Foundation

Private foundation · Grantmaker Chicago, IL EIN: 85-6774044

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

12states

Share of all 11 itemized 2024 grant dollars.

Cities

ChicagoWestonWest HartfordBostonCrestonePhiladelphiaSteamboat SpringsBethesdaBig SurCambridgeDallasFraminghamJacksonvilleMesaNatickNeedhamNew YorkNewmarketNiwotSonoma

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K0 grants20204 grants20217 grants202215 grants202311 grants2024

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

Inner Compass Initiative: $50KInner Compass Initiative$50K5TH Element Foundation - Legacy Global Foundation: $25K5TH Element Foundation -Legacy Global Foundation$25KIsps-US: $25KIsps-US$25KAutism Forward Inc: $10KAutism Forward Inc$10KMoonshot Missions: $10KMoonshot Missions$10KAlsacst Jude's Children's Research Hospital: $5KAlsacst Jude's Children'sResearch Hospital$5KFuture Dharma: $5KFuture Dharma$5KGreater Boston Food Bank: $5KGreater Boston Food Bank$5KPundarika Foundation: $1KPundarika Foundation$1KMad Science Summer Camp: $1KMad Science Summer Camp$1K

The largest 2024 recipient was Inner Compass Initiative ($50K). Together the top 10 received $137K.

Grant Size Distribution

37 grants across all recorded years

36<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 36 grants of 37 (97%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Inner Compass Initiative West Hartford, CTGeneral Purposes$50,000
5TH Element Foundation - Legacy Global Foundation Mesa, AZGeneral Purposes$25,000
Isps-US Philadelphia, PAGeneral Purposes$25,000
Autism Forward Inc South Dennis, MAGeneral Purposes$10,100
Moonshot Missions Bethesda, MDGeneral Purposes$10,000
Alsacst Jude's Children's Research Hospital Chicago, ILGeneral Purposes$5,000
Future Dharma General Purposes$5,000
Greater Boston Food Bank Boston, MAGeneral Purposes$5,000
Pundarika Foundation Crestone, COGeneral Purposes$1,030
Mad Science Summer Camp Sonoma, CAGeneral Purposes$1,010

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K20202021202220232024
Metric202420232022
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

  1. 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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