The Mills Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $836K in total assets. In 2024, it awarded 2 grants totaling $50K. Net investment income was $39K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$836K
-1.6% YoY
Annual Giving
$50K
+0.0% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$25K
-50.0% YoY
About The Mills Foundation
Based on IRS filings
The Mills Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $836K in total assets. In 2024, it awarded 2 grants totaling $50K. Net investment income was $39K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $835,595 | $848,857 | $850,116 |
| Revenue | $46,638 | $57,417 | $40,527 |
| Expenses | $60,013 | $58,676 | $68,483 |
| Qualifying Distributions | $51,250 | $55,469 | $65,738 |
| Net Investment Income | $38,655 | $55,215 | $38,675 |
| Distributable Amount | $86,503 | $73,072 | $72,087 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
11 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOSEPH H WATERFILL | TRUSTEE, DIST COMMITTEE | 3 | — |
| JULIA MILLS WATERFILL | TRUSTEE, DIST. COMMITTEE | 3 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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