The Lake Forest Library Foundation
The organization's purpose is to provide support to the lake forest library in its mission to inspire life-long learning, promote the free and respectful exchange of ideas and to build community.
The Lake Forest Library Foundation at a glance
- Total assets
- $557,237
- +14.9% vs 2024
- Revenue (2025)
- $62,668
- +13.7% vs 2024
- Net investment income (2025)
- $33,638
- +264.2% vs 2024
- Expenses (2025)
- $4,363
- -59.4% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who The Lake Forest Library Foundation funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2022 it made 1 grant totaling $10K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| City of Lake Forest - Lake Forest Library Lake Forest, IL | General Use | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $557,237 | $62,668 | $4,363 | — | — | $33,638 |
| 2024 | $484,827 | $55,111 | $10,753 | — | — | $9,237 |
| 2023 | $392,237 | $33,764 | $7,712 | — | — | $-9,172 |
| 2022 | $362,227 | $366,850 | $17,272 | $10,000 | 1 | $397 |
| 2021 | $12,649 | $12,835 | $186 | — | — | — |
About The Lake Forest Library Foundation
Based on IRS filings
The Lake Forest Library Foundation is a public charity focused on Education, based in Lake Forest, IL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $557K in total assets. Net investment income was $34K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
The Lake Forest Library Foundation is led by Mark Saran, President since 2023 (on filings since 2021); none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Mark Saran
President
Vice President → President, 2023
On filings since 2021
1 hr/week
No compensation reported
L. Robert Pasquesi
Treasurer
On filings since 2021
1 hr/week
No compensation reported
Michael Hoeft
Secretary
On filings since 2023
1 hr/week
No compensation reported
Steve Sinclair
Vice President
On filings since 2023
1 hr/week
No compensation reported
Former officers (3)
- Former: Debbie Saran (2021–2022) — Director
- Former: Diana Terlato (2021–2022) — President
- Former: Germaine Arnson (2021–2022) — Secretary
Data from IRS Form 990 filings, 2021–2025. "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 Lake Forest Library Foundation
How large is The Lake Forest Library Foundation?
The Lake Forest Library Foundation reported $557K in total assets on its 2025 IRS Form 990. Its revenue that year was $63K.
What is The Lake Forest Library Foundation?
The Lake Forest Library Foundation is a public charity focused on Education, based in Lake Forest, IL. It holds $557K in total assets as of 2025.
Where does The Lake Forest Library Foundation operate?
The Lake Forest Library Foundation has awarded grants in Illinois.
What is The Lake Forest Library Foundation's EIN?
The Lake Forest Library Foundation's EIN (Employer Identification Number) is 84-4151206. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS June 22, 2022)
- IRS filings on file for fiscal years 2021–2025
Live grants for the work The Lake Forest Library Foundation funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The Lake Forest Library Foundation's focus areas in our free grants database
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