The Homestead Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LIVINGSTON, MT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 8 grants totaling $60K. Net investment income was $75K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.9M
+45.1% YoY
Annual Giving
$60K
-56.1% YoY
Grant Count
8
-57.9% YoY
Avg Grant Size
$7K
+4.3% YoY
Under IRS private-foundation payout rules, The Homestead Foundation Inc reported a distributable amount of $82K for 2024 — the minimum it must pay out in qualifying distributions.
About The Homestead Foundation Inc
Based on IRS filings
The Homestead Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LIVINGSTON, MT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 8 grants totaling $60K. Net investment income was $75K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,887,761 | $1,301,124 | $1,403,410 |
| Revenue | $661,068 | $47,131 | $321,349 |
| Expenses | $74,431 | $149,417 | $159,691 |
| Qualifying Distributions | $63,180 | $138,875 | $150,298 |
| Net Investment Income | $75,335 | $38,206 | $62,856 |
| Distributable Amount | $81,886 | $78,071 | $63,676 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
164 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Livingston Healthcare Foundation ($50,000), Northernlights Parkcity of Froid Mt ($4,000), County Cupboard Inc ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| COUNTY CUPBOARD INC CULBERTSON, MT | PHILANTHROPIC PURPOSE | $1,000 |
| EAGLE MOUNT OF BOZEMAN BOZEMAN, MT | PHILANTHROPIC PURPOSES | $1,000 |
| LIVINGSTON FOOD RESOURCE LIVINGSTON, MT | PHILANTHROPIC PURPOSE | $1,000 |
| LIVINGSTON HEALTHCARE FOUNDATION LIVINGSTON, MT | PHILANTHROPIC PURPOSE | $50,000 |
| LOAVES AND FISHES OF LIVINGSTON LIVINGSTON, MT | PHILANTHROPIC PURPOSES | $1,000 |
| NORTHERNLIGHTS PARKCITY OF FROID MT FROID, MT | PHILANTHROPIC PURPOSE | $4,000 |
| PRESERVE MONTANA HELENA, MT | PHILANTHROPIC PURPOSES | $1,000 |
| MONTANA PITTIE PROJECT ARLEE, MT | PHILANTHROPIC PURPOSES | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN SULLIVAN | PRESIDENT | 1 | — |
| MEREDITH KEY SULLIVAN | VICE PRESIDENT | 1 | — |
| MIKE WATERS | DIRECTOR | 1 | — |
| STEVE WOODRUFF | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Homestead Foundation Inc?
The Homestead Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LIVINGSTON, MT. It holds $1.9M in total assets as of 2024.
How large is The Homestead Foundation Inc?
As of 2024, The Homestead Foundation Inc holds $1.9M in total assets with $661K in annual revenue. It awarded 8 grants totaling $60K in 2024.
Where does The Homestead Foundation Inc operate?
The Homestead Foundation Inc has awarded grants in Colorado, Minnesota, Montana, North Carolina, Virginia, Wyoming.
What size grants does The Homestead Foundation Inc award?
In 2024, The Homestead Foundation Inc awarded 8 grants totaling $60K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is The Homestead Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Homestead Foundation Inc reported a distributable amount of $82K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Homestead Foundation Inc's EIN?
The Homestead Foundation Inc's EIN (Employer Identification Number) is 52-2389050. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Homestead Foundation Inc'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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