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· Private foundation

L Heart Foundation Inc

Its FY2025 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$339k
Granted FY2025still arriving
30
Grants FY2025still arriving
14
States reached
$50k
Largest
01What it funds
0191% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2025.

Environment$381kHuman Services$288kHealth$186kPhilanthropy$118kReligion$117kArts & Culture$103kAnimals$80kEducation$64kOther$0
02FY2025 · 30 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2025

  • Under $10k15 grants · $55k
  • $10k–50k14 grants · $234k
  • $50k–250k1 grant · $50k
$10,000
Median grant
14
States reached
$4.8M
Total assets
Largest grants
RecipientAmount
Love Inc$50,000
The Nature Conservancy$40,000
Wave Hill Public Garden$32,500
Church on the Go$30,000
Museum of the Rockies$20,000
DUCKS UNLIMITED$20,000
Bozeman Film Society$11,250
Hazelden Betty Ford$10,000
Individual grant recipient$10,000
Bozeman Health Foundation$10,000
Madison Valley Medical Center$10,000
Montana Friends of MT PBS$10,000
Individual grant recipient$10,000
Our Lady of Victory Charities$10,000
Fellowship Hall$10,000
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Its human-services grants (FY19–25, $21k) land where the poverty rate runs at 10%, against an area that typically sits at 10%. 2% of those dollars go to grantees based in above-average-need neighborhoods. Its grants skew toward lower-need ZIPs.

area typical 10%Wounded Warrior Project: $500 → 14%Fellowship Hall: $10k → 10%Fellowship Hall: $10k → 10%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.

Which US states its grants reach

MT
IL
MI
NY
OR
SD
PA
CT
CA
UT
CO
KY
VA
MD
AZ
AR
TN
NC
DC
HI
GA
TX
FL
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

81%of every dollar goes to organizations it has funded before.
$1.1M · 42 repeat orgs$266k to everyone else

Grantees it renews have grown median revenue +83% since the first grant, against 0% for those funded once.

42 repeat relationships: 17 still active in FY2025, 25 since wound down; 12 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

42
23

Total granted

$1.1M
$170k

Median revenue growth · since first grant

+83%
0%

Still filing today

40%
43%

New vs renewed · share of each year

In FY2025, 68% of grant dollars renewed an existing relationship; $96k went to new ones.

50%100%’17’18’19’20’21’22’23’24’25
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’17’18’19’20’21’22’23’24’25
AnimalsEnvironmentPhilanthropyHealthEducationFood & NutritionOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • DU
    Ducks Unlimited Inc
    8× · 2017–2025 · $149k · revenue +99%
  • MV
    MADISON VALLEY HOSPITAL INC
    6× · 2017–2025 · $125k · revenue +144%
  • WHALE TRUST
    2× · 2019–2022 · $35k · revenue +83%

Funded once

  • IG
    Individual grant recipient
    one grant, 2023 · $25k
  • PW
    PACIFIC WHALE FOUNDATION
    one grant, 2023 · $25k · revenue -48%
  • TO
    Tools of the trade
    one grant, 2018 · $10k
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
World Wildlife Fund Inc

Wwf's mission is to conserve nature and reduce the most pressing threats to the diversity of life on earth. (continued on schedule o)

Environment
2
Jackson Hole Wildlife Foundation

Jackson hole wildlife foundation advances wildlife conservation driven by science, collaboration, and a community of volunteers.

Animals
3
Conservation International Foundation

Ci works to spotlight and secure the critical benefits that nature provides to humanity.

Environment
4
For the Fishes

To address, educate, coordinate, and enhance enforcement capacity to end teh trade in coral reef wildlife for household and other small display aquariums. our supply and demand side strategies are directed locally and globally to…

Animals
5
Denver Zoological Foundation

Inspiring communities to save wildlife for future generations.

Animals
6
Climate Conservation Dba Center for Large Landscape Conservation

We bring science, policy, and proven solutions directly to communities working to restore the integrity and natural connectivity of the landscapes in which they live. (see schedule o)

Environment
7
Property and Environment Research Center

Perc is dedicated to advancing conservation through markets, incentives, property rights, and partnerships.

Public Benefit
8
Resource Renewal Institute

The resource renewal institute facilitates the creation, development and implementation of practical strategies to solve the entire complex environmental problem by addressing it comprehensively.

Environment
9
Sustainable Fisheries Partnership Foundation

To engage and catalyze global seafood supply chains in rebuilding depleted fish stocks and reducing the environmental impacts of fishing and fish farming.

Animals
10
Wyoming Wilderness Association

The wyoming wilderness association works to protect wyoming's public wild lands to ensure a future of wild places for people and wildlife.

Animals
11
American Humane Association

Founded in 1877, american humane association, dba american humane society (american humane) is committed to ensuring the safety, welfare and well-being of animals. our leadership programs are first to serve in promoting and nurturing the…

Animals
12
The Peregrine Fund Inc

To change the future for nature and humanity by conserving birds of prey worldwide.

—
How this is measured
The grantee most central to the portfolio’s shape is National Park Foundation; the most unlike its peers is The Hill Charitable Foundation. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

35 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 35 of the 78 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

1
Load-bearing (≥25% of a budget)
7
Early backer (in before they grew)
35/35
Grantees still filing
25/35
Grew since first funded

Where the money sits, by cause and then by grantee

THE NATURE CONSERVANCY: $77,234 · OtherTHE NATURE CONSERVANCYMC Nursing Home Foundation: $62,500 · OtherMC Nursing Home FoundationLove Inc: $60,000 · OtherLove IncMVMC Foundation: $60,000 · OtherMVMC FoundationWave Hill Public Garden: $53,060 · OtherWave Hill Public GardenSALVATION ARMY: $42,000 · OtherHeifer International: $37,000 · Other+55 more: $587,640 · Other+55 moreDucks Unlimited Inc: $148,880 · EnvironmentDucks Unlimite…PACIFIC WHALE FOUNDATION: $25,000 · EnvironmentPACIFIC WHALE …OCEAN CONSERVANCY: $10,500 · EnvironmentOCEAN CONSERVA…MADISON VALLEY RANCHLANDS GROUP: $8,175 · EnvironmentMADISON VALLEY HOSPITAL INC: $125,000 · HealthMADISON VA…CODY DIERUF FOUNDATION: $11,500 · HealthCODY DIERU…+1 more: $2,500 · HealthTOOLS FOR TOMORROW INC: $30,000 · EducationAMERICAN INDIAN COLLEGE FUND: $13,500 · EducationCIRQUE LODGE FOUNDATION: $7,126 · EducationWHALE TRUST: $35,000 · Science & TechEagle Mount: $17,000 · PhilanthropyBozeman Deaconess Foundation: $10,000 · PhilanthropyTHE HILL CHARITABLE FOUNDATION: $5,000 · PhilanthropyMARINE TOYS FOR TOTS FOUNDATION: $1,300 · PhilanthropyCHURCH ON THE GO INC: $30,000 · Religion
Other$979,434Environment$192,555Health$139,000Education$50,626Science & Tech$35,000Philanthropy$33,300Religion$30,000

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetDucks Unlimited Inc: $148,880 over 8y, 0.0% of budgetMADISON VALLEY HOSPITAL INC: $125,000 over 6y, 0.3% of budgetTHE NATURE CONSERVANCY: $77,234 over 8y, 0.0% of budgetWHALE TRUST: $35,000 over 2y, 6.1% of budgetCHURCH ON THE GO INC: $30,000 over 1y, 26% of budgetTOOLS FOR TOMORROW INC: $30,000 over 3y, 5.1% of budgetPACIFIC WHALE FOUNDATION: $25,000 over 1y, 0.5% of budgetThe Fellowship Hall Inc: $20,000 over 2y, 14% of budgetNATIONAL PARK FOUNDATION: $18,500 over 4y, 0.0% of budgetEagle Mount: $17,000 over 4y, 0.3% of budgetMONTANA FOOD BANK NETWORK INC: $14,500 over 5y, 0.0% of budgetAMERICAN INDIAN COLLEGE FUND: $13,500 over 4y, 0.0% of budgetCODY DIERUF FOUNDATION: $11,500 over 2y, 4.4% of budgetOCEAN CONSERVANCY: $10,500 over 3y, 0.0% of budgetWORLD CENTRAL KITCHEN INC: $10,000 over 1y, 0.0% of budgetWHYY INC: $10,000 over 2y, 0.0% of budgetWEST MAUI IMPROVEMENT FOUNDATION: $10,000 over 1y, 3.0% of budgetHEART OF THE VALLEY INC: $9,500 over 5y, 0.1% of budgetMADISON VALLEY RANCHLANDS GROUP: $8,175 over 2y, 2.9% of budgetCIRQUE LODGE FOUNDATION: $7,126 over 1y, 0.6% of budgetAMERICAN FARMLAND TRUST: $6,000 over 1y, 0.1% of budgetThe 5 Gyres Institute: $5,459 over 1y, 0.3% of budgetTHE HILL CHARITABLE FOUNDATION: $5,000 over 1y, 3.9% of budgetBRIDGER BOWL: $4,875 over 2y, 0.0% of budgetNATIONAL WILDLIFE FEDERATION: $4,000 over 2y, 0.0% of budgetTURNING POINT USA INC: $2,500 over 1y, 0.0% of budgetThe Susan G Komen Breast Cancer Foundation Inc: $2,500 over 1y, 0.0% of budgetMONTANA POLICE PROTECTIVE ASSOCIATION: $2,000 over 1y, 0.5% of budgetCOL POTTER CAIRN RESCUE NETWORK: $1,500 over 1y, 0.7% of budgetMARINE TOYS FOR TOTS FOUNDATION: $1,300 over 2y, 0.0% of budgetWOUNDED WARRIOR PROJECT INC: $500 over 1y, 0.0% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

  • Who funds Ducks Unlimited Inc ↗
  • Who funds MADISON VALLEY HOSPITAL INC ↗
  • Who funds THE NATURE CONSERVANCY ↗
  • Who funds WHALE TRUST ↗
  • Who funds CHURCH ON THE GO INC ↗
  • Who funds TOOLS FOR TOMORROW INC ↗
  • Who funds PACIFIC WHALE FOUNDATION ↗
  • Who funds The Fellowship Hall Inc ↗
  • Who funds MUSEUM OF THE ROCKIES INC ↗
  • Who funds NATIONAL PARK FOUNDATION ↗
  • Who funds Eagle Mount ↗
  • Who funds MONTANA FOOD BANK NETWORK INC ↗
  • Who funds AMERICAN INDIAN COLLEGE FUND ↗
  • Who funds CODY DIERUF FOUNDATION ↗
  • Who funds OCEAN CONSERVANCY ↗
  • Who funds WORLD CENTRAL KITCHEN INC ↗

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Renaissance Charitable Foundation IncIN8.9× affinity4 shared granteesties to 10 of 10Hover any node to trace its alignments.Compare side by side →

Open a dossier: Renaissance Charitable Foundation Inc · National Philanthropic Trust · The Pfizer Foundation Inc · Morgan Stanley Global Impact Funding Trust Inc · Vanguard Charitable Endowment Program · American Endowment Foundation · Network for Good · Donor Advised Charitable Giving Inc · American Online Giving Foundation Inc · Fidelity Investments Charitable Gift Fund · Amazonsmile Foundation

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization L Heart Foundation Inc funds: left to right is the share of its income from government, bottom to top the share from L Heart Foundation Inc. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 10%6%23%51%90%funder's share of their income ↑0%25%50%75%100%share of the org’s income from government →median 0%
  • Wounded Warrior Project Inc: 0% of income from government
no gov moneyreceives it· size = income
1get no government money at all
8report government grants on their 990 we could not trace to a source (not plotted)
0rely on government for over half their income
typical government reliance, FY20–25
How this is measured
Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 78 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990-PF e-file return for fiscal year 2025, released 2025. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

Play a game based on L Heart’s filings →

More from the funding graph