Three Lakes Foundation Trust
Three Lakes Foundation Trust is a private foundation, based in Northbrook, IL. IRS filing data is available from 2020 through 2025. In 2025, it awarded 1 grant totaling $417K. Net investment income was $201.
Key facts about Three Lakes Foundation Trust
In short: Three Lakes Foundation Trust gave $417K across 1 grant in 2025 (avg $417K), mostly in District of Columbia. Source: 2025 IRS Form 990-PF.
- EIN
- 84-6979177
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $417,445
- Grants made (2025)
- 1
- Average grant
- $417,445
- Median grant
- $417,445
- Primary geography
- District of Columbia (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated October 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$417K
-33.6% YoY
Grant Count
1
-66.7% YoY
Avg Grant Size
$417K
+99.2% YoY
Under IRS private-foundation payout rules, Three Lakes Foundation Trust reported a distributable amount of $10K for 2025 — the minimum it must pay out in qualifying distributions.
How Three Lakes Foundation Trust gives
- Giving fell 90% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $417K (2025) to $4.0M (2022). In 2025 it made 1 grant totaling $417K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was New Venture Fund ($417K).
Grant Size Distribution
32 grants across all recorded years
The most common grant size was in the $250–500K range: 10 grants of 32 (31%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| New Venture Fund Washington, DC | Three Lakes 12 to 20 Project to support the advancement of therapies for pulmonary fibrosis. | $417,445 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | — | $594,643 | $1,803,147 |
| Revenue | $31,811 | $38,477 | $6,144,439 |
| Expenses | $601,367 | $645,748 | $3,342,601 |
| Qualifying Distributions | $626,095 | $1,241,507 | $3,851,462 |
| Net Investment Income | $201 | $5,647 | $2,281,063 |
| Distributable Amount | $9,898 | $78,369 | $65,893 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 3, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 16, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 2, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS January 27, 2026)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Officers and directors from IRS filings
Three Lakes Foundation Trust is led by J. Thomas Hurvis, Trustee on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2025 filing
J. Thomas Hurvis
Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Three Lakes Foundation Trust
How much does Three Lakes Foundation Trust give each year?
Three Lakes Foundation Trust gave $417K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $629K across 3 grants.
Where does Three Lakes Foundation Trust operate?
Three Lakes Foundation Trust has awarded grants in Colorado, Connecticut, District of Columbia, Illinois, Massachusetts, Maryland, Minnesota, New York, Pennsylvania, Tennessee, Texas.
How much is Three Lakes Foundation Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Three Lakes Foundation Trust reported a distributable amount of $10K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Three Lakes Foundation Trust's EIN?
Three Lakes Foundation Trust's EIN (Employer Identification Number) is 84-6979177. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
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