Mount Pleasant Foundation
Mount Pleasant Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Key facts about Mount Pleasant Foundation
In short: Mount Pleasant Foundation gave $701K across 3 grants in 2024 (avg $234K), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- EIN
- 87-6826312
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $701,340
- Grants made (2024)
- 3
- Average grant
- $233,780
- Median grant
- $149,949
- Total assets
- $33,042,045
- Primary geography
- Illinois (77% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$33.0M
+45.7% YoY
Annual Giving
$701K
+52.5% YoY
Grant Count
3
+200.0% YoY
Avg Grant Size
$234K
-49.2% YoY
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.
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 3 itemized 2024 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Barack Obama Foundation Chicago, IL | Charity | $540,000 |
| National Philanthropic Trust Jenkintown, PA | Charity | $149,949 |
| National Philanthropic Trust Jenkintown, PA | Charity | $11,391 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $33,042,045 | $22,677,286 | $12,980,233 |
| Revenue | $8,891,111 | $7,461,500 | $5,288,836 |
| Expenses | $817,369 | $535,628 | $62,385 |
| Qualifying Distributions | $704,590 | $464,208 | $15,978 |
| Net Investment Income | $2,838,901 | $396,850 | $242,429 |
| Distributable Amount | $1,227,005 | $720,724 | $450,362 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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).
What is Mount Pleasant Foundation?
Mount Pleasant Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Chicago, IL. It holds $33.0M in total assets as of 2024.
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.
Here's the math on researching Mount Pleasant Foundation by hand.
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