The Leep Foundation Inc

MISHAWAKA, IN EIN: 26-4818874 Website

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

+30.4% 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.

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

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

Indiana $3.7M (88%)

Connecticut $222K (5%)

Michigan $122K (3%)

Iowa $88K (2%)

Georgia $63K (1%)

Kentucky $16K (0%)

Illinois $3K (0%)

States

Connecticut Georgia Iowa Illinois Indiana Kentucky Michigan

Cities

AnkenyBettenorfBloomingtonBryon CenterByron CenterCliveDavenportDes MoinesEastanolleeFrankfortGoshenIndianapolisMarshalltownMishawakaMolineNilesNorwichRockfordScherervilleSchereville

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%

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does The Leep Foundation Inc fund?

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?

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.