Trustmark Foundation

EIN 36-3330631 Private foundation / grantmaker Lake Forest, IL

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Size

$1–10M

What they do

A private foundation based in Lake Forest, IL. It reported about $2.5M in revenue for 2025.

Leadership

John Wiklund · Trustee Nominee

Money in and out

$2.5M revenue, $1.9M expenses

Bottom line

—

A private foundation based in Lake Forest, IL. It reported about $2.5M in revenue for 2025. For fiscal year 2025 it reported $2.5M in revenue, $1.9M in expenses, and $14.5M in net assets.Pt I

Grants paid & assets · FY2025

Total revenue

$2.5M

Pt VIII · Ln 12

Total expenses

$1.9M

Pt IX · Ln 25

Net assets

$14.5M

Pt X · Ln 32

Revenue less expenses (Pt I · Ln 19): $621K

Total assets

14.5M

deployed as grants and operations

Grants paid

1.8M

in FY2025

Grants made

231grants

total in period

Payout rate

13%

of assets (5% rule)

Who They Fund

Part XV · grants paid · 231 grants · $1.8M · 2025–2025

Scholarship AmericaFY2025$177,500

United Way of Lake CountyFY2025$150,000

Northern Illinois Food BankFY2025$60,000

VeapFY2025$50,000

A Safe PlaceFY2025$50,000

Casa Lake CountyFY2025$45,000

Lake County HavenFY2025$45,000

Youth and Family CounselingFY2025$40,000

Lambs FarmFY2025$35,000

Mothers Trust FoundationFY2025$35,000

Omni Youth ServicesFY2025$35,000

Bernies Book BankFY2025$30,000

Boys and Girls Club of Lake CountyFY2025$30,000

Zacharias Sexual Abuse CenterFY2025$30,000

Willow HouseFY2025$30,000

Beacon PlaceFY2025$30,000

Keeping Families CoveredFY2025$25,000

Catholic CharitiesFY2025$25,000

See all 231 grants →

Grantmaking Profile

Patterns in foundation giving

Average grantPart XV$8K

Median grantPart XV$2K

Largest grantPart XV$178K

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF

Revenue

$2.5M

FY2025▲ +5%

Expenses

$1.9M

FY2025▲ +22%

Total assets

$14.5M

FY2025▲ +8%

Total liabilities

FY2025

Total revenue

$2.5M

Pt VIII · Ln 12

Total expenses

$1.9M

Pt IX · Ln 25

Net assets

$14.5M

Pt X · Ln 32

Total assetsPt II$14.5M

Identity & Classification

Form 990 Header · IRS Business Master File

Legal nameHdr · item CTrustmark Foundation

EINHdr · item D36-3330631

Principal addressHdr · item CLake Forest, IL

WebsiteHdr · item Jnone reported

State of legal domicileHdr · item MIL

Exempt statusHdr · item I501(c)(3) · active

NTEE classificationIRS BMFNonprofit

Ruling yearIRS BMFApr 1985

Governance & Policies

Part VI

Voting members of the governing bodyPt VI · Ln 1apending

Independent voting membersPt VI · Ln 1bpending

Conflict-of-interest policyPt VI · Ln 12a—

Whistleblower policyPt VI · Ln 13—

Document retention policyPt VI · Ln 14—

CEO/top-official compensation independently reviewedPt VI · Ln 15a—

Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation

John Wiklund

Trustee Nominee

$0Pt VII · Sec A

Tayva Bancroft

Trustee Nominee

$0Pt VII · Sec A

Katie Licup

Trustee Nominee

$0Pt VII · Sec A

Daniel Mandarino

Chairperson

$0Pt VII · Sec A

Nina Durkin

Trustee Nominee

$0Pt VII · Sec A

David Weick

Trustee Nominee

$0Pt VII · Sec A

Jennifer Daniels

Trustee Nominee

$0Pt VII · Sec A

See Trustmark Foundation executive salaries →

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Statement of Revenue

Part VIII

Contributions & grants$1.9M · 75%

Investment income$610K · 25%

Contributions & grants75%$1.9M

Investment income25%$610K

Other revenue$2K

Total revenueLn 12$2.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising

Allocation · columns B–D

98%

Grants & contributions paid $0.98 Operating & administrative $0.02

Grants & contributions paid98%$1.8M

Operating & administrative2%$44K

Total functional expensesLn 25$1.9M

Balance Sheet

Part X · end of year

CashLn 1$1.9M

Total assetsLn 16$14.5M

Total liabilitiesLn 26$0

Total net assetsLn 32$14.5M

Months of cash on handcomputed12.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it

Liquidity & Payout

Payout rate

Grants paid $0 · Total assets $14.5M

Where the money comes from

Contribution dependence

Contributions & grants — · Total revenue $2.5M

—

Government reliance

not reported

Earned-income share

not reported

Investment reliance

Investment income $0 · Total revenue $2.5M

Program self-sufficiency

not reported

Growth & trend

Revenue growth (YoY)

This year $2.5M · Prior year $2.4M

+5%

Revenue CAGR

FY2020 $1.6M · FY2025 $2.5M

+9%

Net-asset trend (YoY)

End of year $14.5M · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $2.5M · Expenses $1.9M

+25%

Liabilities-to-Assets

Total liabilities — · Total assets $14.5M

—

Net-asset ratio

Net assets $14.5M · Total assets $14.5M

100%

People & payroll

Highest Reported Total Compensation

Individual John Wiklund · Reported title Trustee Nominee · Highest reported compensation $0 · Total expenses $1.9M

Personnel share

not reported

Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

Metric	This org	Peer median	Percentile
Revenue growth	5%	—	—

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

FY2025 (Latest)$2.5M revenue · viewing · ⤓ 990 PDF

FY2024$2.4M revenue · ⤓ 990 PDF

FY2023$2.1M revenue · ⤓ 990 PDF

FY2022$9.4M revenue · ⤓ 990 PDF

FY2021$2.6M revenue · ⤓ 990 PDF

FY2020$1.6M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2025IRS

Classification, formation year, addressIRS Business Master File

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