The Leep Foundation Inc
The Leep Foundation Inc is a private, independent foundation based in Mishawaka, Indiana. Established in 2009, it operates as a 501(c)(3) philanthropic organization classified as a corporate foundation. The foundation manages substantial assets and provides general operating support to nonprofit organizations across multiple states.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$22.0M
+20.5% YoY
Annual Giving
$1.1M
+6.3% YoY
Grant Count
30
+30.4% YoY
Avg Grant Size
$36K
-18.5% YoY
Under IRS private-foundation payout rules, The Leep Foundation Inc reported a distributable amount of $1.2M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation has not publicly provided a formal mission statement. However, based on its grantmaking activity, it supports organizations focused on general operating needs without specifying particular subject areas of concentration.
Grantmaking
The foundation made 19 grants in 2023, demonstrating active grantmaking activity. Recent grants include:
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Geographic Focus
Where this funder awards grants
The foundation has funded projects across multiple states including Indiana, Michigan, Iowa, and Connecticut. Primary activity centers in Indiana communities including Bloomington, Goshen, Indianapolis, and South Bend.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
- Total Assets: $18.3 million
- Total Revenue: $2.39 million
- Total Expenses: $1.12 million
- Total Liabilities: $0
- Grants and Contributions: $2.28 million
- Investment Income and Dividends: $364,220
Year-over-Year Changes (2022 to 2023):
- Grants and contributions decreased 10.4%
- Investment income and dividends increased 37.6%
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $22,043,361 | $18,287,794 | $17,056,126 |
| Revenue | $5,302,577 | $2,388,124 | $1,905,353 |
| Expenses | $1,221,936 | $1,124,276 | $1,019,645 |
| Qualifying Distributions | $1,099,628 | $1,033,201 | $909,666 |
| Net Investment Income | $1,152,045 | $256,373 | $143,795 |
| Distributable Amount | $1,246,419 | $924,711 | $813,608 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
128 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Community Foundation St Joseph County Inc ($265,000), Cultivate Food Rescue ($125,333), Diocese of Norwich Outreach to Haiti Inc ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BLANK CHILDREN'S HOSPITAL MARSHALLTOWN, IA | GENERAL OPERATING SUPPORT | $5,000 |
| Buses By The Beach Inc Bryon Center, MI | GENERAL OPERATING SUPPORT | $4,000 |
| Community Foundation St Joseph County Inc South Bend, IN | GENERAL OPERATING SUPPORT | $265,000 |
| CULTIVATE FOOD RESCUE South Bend, IN | GENERAL OPERATING SUPPORT | $125,333 |
| Diocese of Norwich Outreach to Haiti Inc Norwich, CT | GENERAL OPERATING SUPPORT | $100,000 |
| Easter Seals Crossroads Indianapolis, IN | GENERAL OPERATING SUPPORT | $4,000 |
| Family Justice Center of St Joseph Cnty South Bend, IN | GENERAL OPERATING SUPPORT | $35,000 |
| Girl Scouts of E Iowa and W Illinois BETTENORF, IA | GENERAL OPERATING SUPPORT | $12,000 |
| GIRLS ROCK INDIANAPOLIS Indianapolis, IN | GENERAL OPERATING SUPPORT | $4,000 |
| Habitat for Humanity South Bend, IN | GENERAL OPERATING SUPPORT | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Contact Information
Address: 5201 Grape Rd, Mishawaka, IN 46545-1343
Telephone: 574-271-4147
EIN: 26-4818874
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Leep Foundation Inc fund?
The foundation has not publicly provided a formal mission statement. However, based on its grantmaking activity, it supports organizations focused on general operating needs without specifying particular subject areas of concentration.
How do I apply for a grant from The Leep Foundation Inc?
The foundation made 19 grants in 2023, demonstrating active grantmaking activity. Recent grants include: • Community Foundation of St Joseph County: $155,000 (General Operating Support) • Cultivate Food Rescue: $125,334 (General Operating Support) • The Foundation for the Center for Hospice and Palliative Care: $100,000 (General Operating Support) The foundation primarily funds general operating support for grantees. Grant applications should include: • Copy of IRS letter approving 501(c)(3) ta…
Where does The Leep Foundation Inc make grants?
The foundation has funded projects across multiple states including Indiana, Michigan, Iowa, and Connecticut. Primary activity centers in Indiana communities including Bloomington, Goshen, Indianapolis, and South Bend.
What size grants does The Leep Foundation Inc award?
In 2024, The Leep Foundation Inc awarded 30 grants totaling $1.1M — an average of about $36K per grant, based on its IRS Form 990 filings.
How much is The Leep Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Leep Foundation Inc reported a distributable amount of $1.2M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Leep Foundation Inc's EIN?
The Leep Foundation Inc's EIN (Employer Identification Number) is 26-4818874. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Leep Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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