The Homestead Foundation Inc
The Homestead Foundation Inc is a private foundation, 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.
The Homestead Foundation Inc at a glance
In short: The Homestead Foundation Inc gave $60K across 8 grants in 2024 (avg $7K), mostly in Montana. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $59,500
- -56.1% vs 2023
- Grants made (2024)
- 8
- -57.9% vs 2023
- Average grant
- $7,438
- +4.3% vs 2023
- Median grant
- $1,000
- Total assets
- $1,887,761
- +45.1% vs 2023
- Primary geography
- Montana (100% 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 The Homestead Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was Livingston Healthcare Foundation ($50K). Together the top 8 received $60K.
Grant Size Distribution
173 grants across all recorded years
The most common grant size was under $50K: 169 grants of 173 (98%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
Cities
How The Homestead Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (−18%). Method
- In 2024 it paid out 77% 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
From 2020 to 2024, annual grant giving ranged from $60K (2024) to $326K (2020). In 2024 it made 8 grants totaling $60K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Livingston Healthcare Foundation Livingston, MT | Philanthropic Purpose | $50,000 |
| Northernlights Parkcity of Froid MT Froid, MT | Philanthropic Purpose | $4,000 |
| 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 |
| Loaves and Fishes of Livingston Livingston, MT | Philanthropic Purposes | $1,000 |
| Preserve Montana Helena, MT | Philanthropic Purposes | $1,000 |
| Montana Pittie Project Arlee, MT | Philanthropic Purposes | $500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,887,761 | $661,068 | $74,431 | $59,500 | 8 | $63,180 | $75,335 | $81,886 |
| 2023 | $1,301,124 | $47,131 | $149,417 | $135,500 | 19 | $138,875 | $38,206 | $78,071 |
| 2022 | $1,403,410 | $321,349 | $159,691 | $147,233 | 37 | $150,298 | $62,856 | $63,676 |
| 2021 | $1,241,752 | $82,948 | $84,540 | $72,265 | 54 | $75,901 | $74,912 | $72,012 |
| 2020 | $1,242,344 | $46,858 | $337,831 | $326,117 | 55 | — | $40,568 | $77,783 |
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.
Leadership & Key People
Officers and directors from IRS filings
The Homestead Foundation Inc is led by John Sullivan, President on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
John Sullivan
President
On filings since 2020
1 hr/week
No compensation reported
Mike Waters
Director
On filings since 2020
1 hr/week
No compensation reported
Steve Woodruff
Director
On filings since 2023
1 hr/week
No compensation reported
Meredith Key Sullivan
Vice President
On filings since 2020
1 hr/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 The Homestead Foundation Inc
How much does The Homestead Foundation Inc give each year?
The Homestead Foundation Inc gave $60K across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $136K across 19 grants.
What is The Homestead Foundation Inc's typical grant size?
The Homestead Foundation Inc's median grant in 2024 was $1,000, and its average grant was $7,438, across 8 grants on its 2024 IRS Form 990-PF.
Where does The Homestead Foundation Inc give grants?
The Homestead Foundation Inc gives mostly in Montana: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Livingston, MT (3 grants).
Does The Homestead Foundation Inc give general operating support?
Not in 2024: none of the 8 grants with a stated purpose on The Homestead Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Philanthropic Purpose" (4 grants) and "Philanthropic Purposes" (4 grants).
Who are The Homestead Foundation Inc's largest grantees?
The Homestead Foundation Inc's largest 2024 grantees include Livingston Healthcare Foundation ($50,000), Northernlights Parkcity of Froid MT ($4,000) and County Cupboard Inc ($1,000), according to its 2024 IRS Form 990-PF. Together they received 92% of its itemized 2024 grant dollars.
How large is The Homestead Foundation Inc?
The Homestead Foundation Inc reported $1.9M in total assets on its 2024 IRS Form 990-PF. It paid out $63K in qualifying distributions that year, against a required minimum of $82K (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 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.
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
- IRS filings on file for fiscal years 2020–2024
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