Trustmark Foundation
Trustmark Foundation is a private foundation based in Lake Forest, Illinois. It supports communities through grants, volunteer programs, and charitable giving focused on health, education, and community well-being initiatives.
Trustmark Foundation at a glance
In short: Trustmark Foundation gave $1.8M across 231 grants in 2025 (avg $8K), mostly in Illinois. 46% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,823,963
- +20.2% vs 2024
- Grants made (2025)
- 231
- -4.1% vs 2024
- Average grant
- $7,896
- +25.4% vs 2024
- Median grant
- $2,500
- Total assets
- $14,538,220
- +8.0% vs 2024
- New grantees (estimate)
- 46% first-time grantees (98 of 213, 2025)
- Primary geography
- Illinois (70% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Trustmark Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 400 N Field Dr, Lake Forest, IL 60045-4809
Phone: (847) 615-1500
Website: https://trustmarkbenefits.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Trustmark Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was United Way of Lake County ($179K across 4 grants). Together the top 10 received $732K.
Grant Size Distribution
1,149 grants across all recorded years
The most common grant size was under $50K: 1,135 grants of 1,149 (99%).
Geographic Focus
Where this funder awards grants
The 2025 filing reports that 70% of grant dollars went to Illinois recipients, 15% to Minnesota, 4% to Wisconsin, 2% to Ohio, and 2% to Pennsylvania.
Grant Distribution by State
Share of 2025 grant dollars across all 231 itemized grants.
States
Cities
Is Trustmark Foundation open to new grantees?
46%
first-time grantees, 2025
In 2025, 98 of 213 grantees (46%) were first-time recipients. First grants averaged $4K; repeat grants $13K. How we count
Medians: $3K first-time, $5K repeat.
- 47% of 2025 grantees were also funded in 2024. Method
- Giving grew 42% from 2022 to 2025. Method
- In 2025 it paid out 246% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $1.3M (2022) to $1.8M (2025). In 2025 it made 231 grants totaling $1.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Scholarship America Gurnee, MN | Contribution provided | $177,500 |
| United Way of Lake County Carol Stream, IL | Contribution provided | $150,000 |
| Northern Illinois Food Bank Chicago, IL | Contribution provided | $60,000 |
| Veap Cedarburg, MN | Contribution provided | $50,000 |
| A Safe Place Memphis, IL | Contribution provided | $50,000 |
| Lake County Haven Youngstown, IL | Contribution provided | $45,000 |
| CASA Lake County Charlotte, IL | Contribution provided | $45,000 |
| Youth and Family Counseling Round Lake, IL | Contribution provided | $40,000 |
| OMNI Youth Services Georgetown, IL | Contribution provided | $35,000 |
| Mothers Trust Foundation Bridgman, IL | Contribution provided | $35,000 |
Ready to take the next step with Trustmark Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $14,538,220 | $2,489,212 | $1,867,947 | $1,823,963 | 231 | $1,823,963 | $609,949 | $740,641 |
| 2024 | $13,466,560 | $2,363,526 | $1,529,871 | $1,517,143 | 241 | $1,517,143 | $22,831 | $686,963 |
| 2023 | $12,368,187 | $2,140,092 | $1,338,092 | $1,335,774 | 224 | $1,335,774 | $804,802 | $671,665 |
| 2022 | $11,566,186 | $9,392,063 | $1,281,217 | $1,280,822 | 248 | $1,280,822 | $89,579 | $178,020 |
| 2021 | $3,454,945 | $2,552,223 | $1,296,012 | $1,296,012 | 205 | $1,296,012 | $21,665 | $124,770 |
| 2020 | $2,228,474 | $1,626,516 | $1,334,893 | $1,334,181 | 121 | — | $32,356 | $87,022 |
Under IRS private-foundation payout rules, Trustmark Foundation reported a distributable amount of $741K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
Trustmark describes its broader mission as helping people increase well-being through better health and greater financial security. The foundation supports charitable organizations and identifies its giving as focused on health, education, and community well-being.
Its 2025 grants included organizations with varied community services. For example, Northern Illinois Food Bank says it provides access to nutritious food and resources; CASA Lake County says it advocates for abused and neglected children in the juvenile court system; and Youth and Family Counseling says it works to improve access to mental healthcare. Willow House describes its services as supporting children, teens, families, schools, and communities coping with death and dying.
Grantmaking
In filing year 2025, the foundation made 231 grants totaling $1,823,963. Grant amounts ranged from $30 to $177,500, with a median grant of $2,500.
Among its largest reported grants were $177,500 to Scholarship America, $150,000 to United Way of Lake County, $60,000 to Northern Illinois Food Bank, and $50,000 each to VEAP and A Safe Place. Other notable grants included $45,000 to Lake County Haven and CASA Lake County; $40,000 to Youth and Family Counseling; and $35,000 each to OMNI Youth Services, Mothers Trust Foundation, and Lambs Farm.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Daniel Mandarino as Chairperson. It lists John Wiklund, Tayva Bancroft, Katie Licup, Nina Durkin, David Weick, and Jennifer Daniels as Trustee Nominees.
Trustmark Foundation is led by Daniel Mandarino, Chairperson since 2023 (on filings since 2020); none of the 7 officers listed in 2025 report compensation.
Officers on the 2025 filing
Daniel Mandarino
Chairperson
Trustee & Nominee → Trustee Nominee, 2021
Trustee Nominee → Chairperson, 2023
On filings since 2020
40 hrs/week
No compensation reported
David Weick
Trustee Nominee
Trustee & Nominee → Trustee Nominee, 2021
On filings since 2020
No compensation reported
Tayva Bancroft
Trustee Nominee
Trustee & Nominee → Trustee Nominee, 2021
On filings since 2020
No compensation reported
Jennifer Daniels
Trustee Nominee
On filings since 2023
No compensation reported
John Wiklund
Trustee Nominee
On filings since 2023
No compensation reported
Katie Licup
Trustee Nominee
On filings since 2023
No compensation reported
Nina Durkin
Trustee Nominee
On filings since 2023
No compensation reported
Former officers (5)
- Former: Karin Lowry (2020–2022) — Chairperson
- Former: Sandy Przybyszewski (2020–2022) — Trustee Nominee
- Former: Eric Knox (2021–2022) — Trustee Nominee
- Former: Kim Croisant (2020) — Trustee & Nominee
- Former: Steve Horvath (2020) — Trustee & Nominee
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 Trustmark Foundation
How much does Trustmark Foundation give each year?
Trustmark Foundation gave $1.8M across 231 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1.5M across 241 grants.
What is Trustmark Foundation's typical grant size?
Trustmark Foundation's median grant in 2025 was $2,500, and its average grant was $7,896, across 231 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Trustmark Foundation that year got $4K on average.
Where does Trustmark Foundation give grants?
Trustmark Foundation gives mostly in Illinois: 70% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Minnesota (15%). The most frequent recipient cities were Chicago, IL (7 grants), Waukegan, IL (5 grants), Youngstown, IL (4 grants) and Gurnee, IL (4 grants).
Does Trustmark Foundation give general operating support?
Not in 2025: none of the 231 grants with a stated purpose on Trustmark Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Contribution provided" (231 grants).
Who are Trustmark Foundation's largest grantees?
Trustmark Foundation's largest 2025 grantees include United Way of Lake County ($179,005 across 4 grants), Scholarship America ($177,500) and Northern Illinois Food Bank ($73,949 across 3 grants), according to its 2025 IRS Form 990-PF. Together they received 24% of its itemized 2025 grant dollars.
How large is Trustmark Foundation?
Trustmark Foundation reported $14.5M in total assets on its 2025 IRS Form 990-PF. It paid out $1.8M in qualifying distributions that year, against a required minimum of $741K (roughly 5% of its investment assets).
What does Trustmark Foundation fund?
Trustmark describes its broader mission as helping people increase well-being through better health and greater financial security. The foundation supports charitable organizations and identifies its giving as focused on health, education, and community well-being. See mission & focus areas ↑
How do I apply for a grant from Trustmark Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2020–2025.
Does Trustmark Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 7, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 9, 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 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 8, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
Explore Open Grants
Browse active grant opportunities in Trustmark Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Trustmark Foundation funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/trustmark-foundation-morg_54ff743075404fefae0436d06c2ccd71
BibTeX
@misc{grantable_363330631_2026,
author = {{Grantable}},
title = {{Trustmark Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/trustmark-foundation-morg_54ff743075404fefae0436d06c2ccd71},
note = {Accessed 2026-10-16. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Trustmark Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Trustmark Foundation down — hundreds of funders to go?