The Mill Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LOVES PARK, IL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.2M in total assets. In 2025, it awarded 18 grants totaling $124K. Net investment income was $87K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.2M
+21.2% YoY
Annual Giving
$124K
+0.3% YoY
Grant Count
18
+28.6% YoY
Avg Grant Size
$7K
-22.0% YoY
About The Mill Foundation
Based on IRS filings
The Mill Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LOVES PARK, IL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.2M in total assets. In 2025, it awarded 18 grants totaling $124K. Net investment income was $87K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,245,079 | $1,852,637 | $1,917,095 |
| Revenue | $539,469 | $80,890 | $80,092 |
| Expenses | $147,027 | $145,348 | $135,684 |
| Qualifying Distributions | $124,065 | $123,716 | $115,049 |
| Net Investment Income | $86,843 | $53,189 | $53,434 |
| Distributable Amount | $118,390 | $97,946 | $92,490 |
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 2025
Grant Size Distribution
81 grants across all recorded years
Open Grants
1 open opportunity from The Mill Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MUEHLFELDER FRED | PRESIDENT/CHAIRMAN | 0.5 | — |
| STEURER CASSI | VICE-PRESIDENT | 0.5 | — |
| BAUDHUIN THOMAS | TREASURER | 0.5 | — |
| MARSHALL-KNUTSON CHERYL A | SECRETARY | 0.5 | — |
| ECKLUND CARL | IMMEDIATE PAST CHAIRMAN | 0.5 | — |
| JOHNSON SCOTT R | DIRECTOR | 0.5 | — |
| ROSE THOMAS L | DIRECTOR | 0.5 | — |
| MARRS JEFFREY | DIRECTOR | 0.5 | — |
| BINICEWICZ GARY | DIRECTOR | 0.5 | — |
| POVALITIS NICK | DIRECTOR | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with The Mill Foundation on Grantable?
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