Mount Pleasant Foundation

Private foundation · Grantmaker Chicago, IL EIN: 87-6826312

Mount Pleasant Foundation is a private foundation, based in Chicago, IL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $33.0M in total assets. In 2024, it awarded 3 grants totaling $701K. Net investment income was $2.8M.

Mount Pleasant Foundation at a glance

In short: Mount Pleasant Foundation gave $701K across 3 grants in 2024 (avg $234K), mostly in Illinois. Source: 2024 IRS Form 990-PF.

Annual giving (2024)
$701,340
+52.5% vs 2023
Grants made (2024)
3
+200.0% vs 2023
Average grant
$233,780
-49.2% vs 2023
Median grant
$149,949
Total assets
$33,042,045
+45.7% vs 2023
Primary geography
Illinois (77% of itemized 2024 grant dollars)
Latest 990 filing
Form 990-PF, 2024 View filing

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Mount Pleasant Foundation funds

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

The Barack Obama Foundation: $540KThe Barack Obama Foundation$540KNational Philanthropic Trust: $161K across 2 grantsNational Philanthropic Trust$161K · 2 grants

The largest 2024 recipient was The Barack Obama Foundation ($540K). Together the top 2 received $701K.

Grant Size Distribution

5 grants across all recorded years

2<$50K$50–100K1$100–250K1$250–500K1$500K–1M$1–5M$5M+

The most common grant size was under $50K: 2 grants of 5 (40%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2024 grant dollars across all 3 itemized grants.

Cities

ChicagoJenkintown

How Mount Pleasant Foundation gives

  • In 2024 it paid out 57% 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

$0$200K$400K$600K$800K0 grants2021 1 grant2022 1 grant2023 3 grants2024

From 2022 to 2024, annual grant giving ranged from $8K (2022) to $701K (2024). In 2024 it made 3 grants totaling $701K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
The Barack Obama Foundation Chicago, ILCharity$540,000
National Philanthropic Trust Jenkintown, PACharity$149,949
National Philanthropic Trust Jenkintown, PACharity$11,391
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$33,042,045$8,891,111$817,369$701,3403$704,590$2,838,901$1,227,005
2023$22,677,286$7,461,500$535,628$460,0001$464,208$396,850$720,724
2022$12,980,233$5,288,836$62,385$7,5001$15,978$242,429$450,362
2021$10,073,283$10,000,556————$556$5,010

Under IRS private-foundation payout rules, Mount Pleasant Foundation reported a distributable amount of $1.2M for 2024 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Mount Pleasant Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Harreld N Kirkpatrick III

    Co-Trustee

    On filings since 2021

    1 hr/week

    No compensation reported

  • Sara R Kirkpatrick

    Co-Trustee

    On filings since 2021

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2021–2024. "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 Mount Pleasant Foundation

How much does Mount Pleasant Foundation give each year?

Mount Pleasant Foundation gave $701K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $460K across 1 grant.

What is Mount Pleasant Foundation's typical grant size?

Mount Pleasant Foundation's median grant in 2024 was $149,949, and its average grant was $233,780, across 3 grants on its 2024 IRS Form 990-PF.

Where does Mount Pleasant Foundation give grants?

Mount Pleasant Foundation gives mostly in Illinois: 77% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Pennsylvania (23%). The most frequent recipient cities were Jenkintown, PA (2 grants).

Does Mount Pleasant Foundation give general operating support?

Not in 2024: none of the 3 grants with a stated purpose on Mount Pleasant Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charity" (3 grants).

How large is Mount Pleasant Foundation?

Mount Pleasant Foundation reported $33.0M in total assets on its 2024 IRS Form 990-PF. It paid out $705K in qualifying distributions that year, against a required minimum of $1.2M (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 Mount Pleasant Foundation's EIN?

Mount Pleasant Foundation's EIN (Employer Identification Number) is 87-6826312. IRS Form 990 filing data is available on this page for 2021–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(1)

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2021–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Mount Pleasant Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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