Trustmark Foundation
Trustmark Foundation is a corporate foundation established in 1985 and based in Lake Forest, Illinois. It is sponsored by Trustmark Insurance Company and operates as a 501(c)(3) charitable organization. The foundation makes grants to various charitable organizations and is part of Trustmark's broader community involvement strategy.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$13.5M
+8.9% YoY
Annual Giving
$1.5M
+13.6% YoY
Grant Count
241
+7.6% YoY
Avg Grant Size
$6K
+5.6% YoY
Mission & Focus Areas
The foundation supports organizations involved with:
- Arts and culture
- Education
- Health
- Safety
- Human services
Grantmaking
The foundation typically selects grantees on a preselected basis and does not accept unsolicited applications. Application forms are not required. Organizations interested in funding should submit: results expected from proposed grant, organization name/address/phone number, how project results will be evaluated or measured, detailed description of project and funding amount requested, and a copy of current year financial statements.
Grant Range
$2,000
Average Grant
award: $6,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Illinois and Pennsylvania. Grantmaking reaches organizations across 40 states, with primary concentration in Illinois, Minnesota, and Wisconsin, which account for 59% of all grants.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $13,466,560
- Total Revenues: $2,363,526
- Total Expenses: $1,529,871
- Total Grants and Contributions: $1,808,896
Historical Growth: Total assets have grown from $565,000 in 2011 to $13.5 million as of 2024, demonstrating significant growth over the past decade.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $13,466,560 | $12,368,187 | $11,566,186 |
| Revenue | $2,363,526 | $2,140,092 | $9,392,063 |
| Expenses | $1,529,871 | $1,338,092 | $1,281,217 |
| Qualifying Distributions | $1,517,143 | $1,335,774 | $1,280,822 |
| Net Investment Income | $22,831 | $804,802 | $89,579 |
| Distributable Amount | $686,963 | $671,665 | $178,020 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Daniel Mandarino serves as Chairperson of the foundation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| John Wiklund | Trustee Nominee | — | — |
| Tayva Bancroft | Trustee Nominee | — | — |
| Katie Licup | Trustee Nominee | — | — |
| Daniel Mandarino | Chairperson | 40 | — |
| Nina Durkin | Trustee Nominee | — | — |
| David Weick | Trustee Nominee | — | — |
| Jennifer Daniels | Trustee Nominee | — | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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