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The Lake County Community

GRAYSLAKE, IL EIN: 20-3654399 Website

The Lake County Community Foundation is a public charitable foundation and grantmaking organization established in 2005, based in Grayslake, Illinois. It operates as a 501(c)(3) nonprofit and maintains donor-advised funds. The Foundation serves as a philanthropic institution dedicated to improving quality of life in Lake County through strategic grantmaking and community partnerships.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$25.4M

+23.8% YoY

Annual Giving

$1.4M

-0.8% YoY

Grant Count

48

-15.8% YoY

Avg Grant Size

$29K

+17.8% YoY

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

Mission Statement: The mission of The Lake County Community Foundation is to improve the quality of life of the most vulnerable residents of the county by providing civic leadership, promoting collective philanthropy and partnering with grant recipients.

Vision: The Foundation envisions a Lake County where neighbors have the resources and power to heal and generate pride within their own neighborhoods; where all individuals deserve equitable access to building generational wealth and opportunities to reimagine and create sustainable communities. The organization is intentionally shifting its philanthropic power, resources and focus to historically disinvested communities so that everyone has access, resources and opportunity.

Program Areas: The Foundation supports organizations working collaboratively to address basic needs of Lake County residents. It accepts proposals for both program/project-based initiatives and general operating support.

Grantmaking

The Foundation provides grants to charitable organizations within Lake County. Recent grant activity includes:

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Geographic Focus

Where this funder awards grants

The Foundation funds organizations and initiatives throughout Lake County, Illinois.

Grant Distribution by State

4states

Cities

AntiochBannockburnBeach ParkBuffalo GroveChicagoCrystal LakeEvanstonGenevaGlenviewGraylakeGrayslakeGurneeHarvardHawthorn WoodsHighland ParkHighwoodHillsideJacksonLake BluffLake Forest

Financial History

Multi-year comparison from IRS filings

2024 (Most Recent):

  • Total Revenue: $3,770,565
  • Total Expenses: $2,823,875
  • Total Assets: $25,353,374

2023:

  • Total Revenue: $4,810,000
  • Total Expenses: $2,620,000
  • Total Assets: $20,500,000
  • Total Liabilities: $249,000

2022:

  • Total Revenue: $7,776,857
  • Total Expenses: $4,025,060
  • Total Assets: $17,830,952
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2M$4M$6M$9M20202021202220232024
Metric202420232022
Total Assets$25,353,374$20,485,729$17,830,952
Revenue$3,770,565$4,808,735$7,776,857
Expenses$2,823,875$2,621,096$4,025,060
Qualifying Distributions
Net Investment Income$264,394$442,046$1,506,588
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$722K$1M$2M$3M38 grants202057 grants202155 grants202257 grants202348 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

RAVINIA FESTIVAL ASSOCIA…$120KSEDGEBROOK OPCO (SL-VII)…$97KUNIVERSITY OF WISCONSIN …$62KPADS LAKE COUNTY$60KMANO A MANO FAMILY RESOU…$55KJOSSELYN$51KHABITAT FOR HUMANITY LAK…$50KLEGACY REENTRY FOUNDATIO…$50KREADING POWER INC$50KLAKE COUNTY CRISIS CENTE…$45K

Grant Size Distribution

236 grants across all recorded years

189<$50K37$50–100K9$100–250K$250–500K$500K–1M1$1–5M$5M+

Open Grants

4 open opportunities from The Lake County Community

Show all 4 →

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Leadership team and compensation from IRS filings

Executive Director: Maggie Morales

Staff Size: 8 employees (as of 2024)

Compensation Overview

From 2024 IRS filing

SARAH MORALESEXECUTIVE DI$119K

From 2024 filing

NameTitleHoursCompensation
STEVEN BUGGBOARD CHAIR1
MALCOLM NEWSOMEVICE CHAIR1
NADINE JOHNSONTREASURER1
TIFFANY ALEXANDERSECRETARY1
JEANNE ANGDIRECTOR1
BRUCE BOYDDIRECTOR1
LISA COWHEYDIRECTOR1
STEVE FOXDIRECTOR1
JOHN GIBBONSDIRECTOR1
TOPILTZIN GOMEZDIRECTOR1
PASTOR AMY HEINRICHDIRECTOR1
KRIS HOULTDIRECTOR1
REGINALD JONESDIRECTOR1
ALI O'BRIENDIRECTOR1
HEATHER SANNESDIRECTOR1
JOHN SONNIERDIRECTOR1
AMBER WEBBDIRECTOR1
SARAH MORALESEXECUTIVE DI40$118,973

Recent News & Activity

Recent developments and announcements

The Foundation has demonstrated significant growth and activity in recent years:

2022

**Tax-Exempt Status:** Granted tax-exempt status in April 2022

**Rating:** Received a Four-Star rating (95% score) from independent charity evaluators, with particular strength in Accountability & Finance

**Donor-Advised Funds:** The Foundation operates donor-advised funds through which donors can direct the distribution or investment of funds

**Community Partnerships:** Continues to partner with organizations including The Chicago Community Trust and The Chicago Community Foundation

Lake County Community Foundation names grant recipients

Subject Areas

Focus areas based on grantmaking activity

Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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