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.
Key facts about Trustmark Foundation
- EIN
- 36-3330631
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,517,143
- Grants made (2024)
- 241
- Average grant
- $6,295
- Median grant
- $2,000
- New grantees (estimate)
- 43% first-time grantees (92 of 216, 2024)
- Total assets
- $13,466,560
- Primary geography
- Illinois (73% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation typically selects grantees on a preselected basis and does not accept unsolicited applications. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Trustmark Foundation funds
By grant dollars, the top recipient states for Trustmark Foundation's 241 itemized 2024 grants were Illinois (73%) and Minnesota (10%). The most frequent recipient cities were Chicago, IL (20 grants), Waukegan, IL (9 grants), Kenosha, WI (9 grants) and Gurnee, IL (7 grants). None of its 241 grants with a stated purpose were described as general or operating support. Recurring purposes include "Contribution provided" (241 grants).
Is Trustmark Foundation open to new grantees?
43%
first-time grantees, 2024
In 2024, 92 of 216 grantees (43%) were first-time recipients. First grants averaged $4K; repeat grants $9K. How we count
Medians: $2K first-time, $2K repeat.
- 49% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+17%). Method
- In 2024 it paid out 221% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Trustmark Foundation
- How to evaluate Trustmark Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to Trustmark Foundation with AI
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- Track this opportunity in a free grant tracker
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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
Under IRS private-foundation payout rules, Trustmark Foundation reported a distributable amount of $687K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports organizations involved with:
- Arts and culture
- Education
- Health
- Safety
- Human services
Grantmaking
Grant Range
$2,000
Average Grant
award: $6,000
How to Apply
**
Ready to take the next step with Trustmark Foundation?
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
Share of all 241 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
1,039 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include United Way of Lake County ($149,698 across 4 grants), Scholarship America Inc ($93,530 across 2 grants), Northern Illinois Food Bank ($53,031 across 2 grants).
| Recipient | Purpose | Amount |
|---|---|---|
| United Way of Lake County Gurnee, IL | Contribution provided | $120,000 |
| Scholarship America Inc Minneapolis, MN | Contribution provided | $86,250 |
| Northern Illinois Food Bank Geneva, IL | Contribution provided | $50,000 |
| A Safe Place Zion, IL | Contribution provided | $40,000 |
| VEAP Bloomington, MN | Contribution provided | $40,000 |
| CASA Lake County Vernon Hills, IL | Contribution provided | $35,000 |
| Lake County Haven Libertyille, IL | Contribution provided | $35,000 |
| Mothers Trust Foundation Lake Forest, IL | Contribution provided | $35,000 |
| Beacon Place Waukegan, IL | Contribution provided | $30,000 |
| Willow House Bannockburn, IL | Contribution provided | $30,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Daniel Mandarino serves as Chairperson of the foundation.
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS 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 | — | — |
Frequently Asked Questions
What does Trustmark Foundation fund?
The foundation supports organizations involved with: • Arts and culture • Education • Health • Safety • Human services
How do I apply for a grant from Trustmark Foundation?
The foundation typically selects grantees on a preselected basis and does not accept unsolicited applications. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does Trustmark Foundation make 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.
What size grants does Trustmark Foundation award?
In 2024, Trustmark Foundation awarded 241 grants totaling $1.5M — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Trustmark Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Trustmark Foundation reported a distributable amount of $687K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Trustmark Foundation's EIN?
Trustmark Foundation's EIN (Employer Identification Number) is 36-3330631. IRS Form 990 filing data is available on this page for 2020–2024.
Does Trustmark Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.