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
Under IRS private-foundation payout rules, The Mill Foundation reported a distributable amount of $118K for 2025 — the minimum it must pay out in qualifying distributions.
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
Ready to take the next step with The Mill Foundation?
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
Among its reported 2025 grants, the largest include Boys & Girls Club ($10,000), Casa of Winnebago County ($10,000), Northwest Community Center ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BOY SCOUTS OF AMERICA-BLACKHAWK AREA COUNCIL ROCKFORD, IL | SOCIAL WELFARE | $7,000 |
| BOYS & GIRLS CLUB ROCKFORD, IL | SOCIAL WELFARE | $10,000 |
| CASA OF WINNEBAGO COUNTY ROCKFORD, IL | SOCIAL WELFARE | $10,000 |
| CARPENTER'S PLACE ROCKFORD, IL | SOCIAL WELFARE | $2,365 |
| HABITAT FOR HUMANITY LOVES PARK, IL | SOCIAL WELFARE | $4,000 |
| KEN-ROCK COMMUNITY CENTER ROCKFORD, IL | SOCIAL WELFARE | $3,600 |
| NORTHERN ILLINOIS FOOD BANK ROCKFORD, IL | SOCIAL WELFARE | $8,000 |
| NORTHWEST CHRISTIAN COMMUNITY DEVELOPMENT ROCKFORD, IL | SOCIAL WELFARE | $8,900 |
| NORTHWEST COMMUNITY CENTER ROCKFORD, IL | SOCIAL WELFARE | $10,000 |
| PATRIOTS' GATEWAY COMMUNITY CENTER ROCKFORD, IL | SOCIAL WELFARE | $10,000 |
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
Frequently Asked Questions
What is The Mill Foundation?
The Mill Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LOVES PARK, IL. It holds $2.2M in total assets as of 2025.
How large is The Mill Foundation?
As of 2025, The Mill Foundation holds $2.2M in total assets with $539K in annual revenue. It awarded 18 grants totaling $124K in 2025.
Where does The Mill Foundation operate?
The Mill Foundation has awarded grants in Illinois.
What size grants does The Mill Foundation award?
In 2025, The Mill Foundation awarded 18 grants totaling $124K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is The Mill Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, The Mill Foundation reported a distributable amount of $118K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Mill Foundation's EIN?
The Mill Foundation's EIN (Employer Identification Number) is 30-0177875. IRS Form 990 filing data is available on this page for 2019–2025.
Explore Open Grants
Browse active grant opportunities in The Mill Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Green and Blue Foundation
CHICAGO, IL
Assets
—
Grants
3
Total Given
$51K
Above and Beyond Daycare Center
FAIRVIEW HEIGHTS, IL
Assets
—
Grants
0
Total Given
—
Primo Center for Women & Children
CHICAGO, IL
Assets
$9.7M
Grants
1
Total Given
$35K
RHS Foundation
MOLINE, IL
Assets
$1.1M
Grants
37
Total Given
$342K
Rose Lafferty Educational Fund Xxxxx9006
CHICAGO, IL
Assets
$3.4M
Grants
1
Total Given
$228K
The John Crerar Foundation
CHICAGO, IL
Assets
$991K
Grants
1
Total Given
$35K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with The Mill Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching The Mill Foundation to a real strategy.