Public Charity

Lake Forest College

Lake Forest College is a Public Charity headquartered in Lake Forest, IL. Financial data from the 2025 filing: $165.1M revenue, $155.5M expenses, $287.2M total assets. 119 publicly reported grants to this organization, totaling roughly $26.4M, appear in IRS filings.

EIN: 362167770 Lake Forest, IL Latest filing: 2025
Total Revenue$165.1M
Total Expenses$155.5M
Total Assets$287.2M
Grant Records119
Funding Total$26.4M
Filing Years2021–2025

Mission

Provide post-secondary education leading to a baccalaureate degree. Program service expenditures are made in conjunction with the operation of a liberal arts college spread over 107 acres with approximately 63 educational and support buildings. The College is accredited by the Higher Learning Commission, and had 1,814 undergraduate students and 23 graduate students with 144 full time faculty. Bachelor of arts degrees conferred were 434 during the year, with 14 master's degrees conferred. The College had approximately 1,250 resident students in the residence halls.

Officers & Directors

Trustee Alexander D Stuart
'92, Trustee Charles M Brennan Iii P '90
Vice President for Campus Life Christopher Ellertson
Trustee Claudia Wyatt-Johnson '69
Trustee Craig Omtvedt
Trustee Cristen Kogl '88

Officer compensation and complete director data available with membership.

Top Grant Purposes

EDUCATION
$19,886,376 24 grants
For grant recipient's exempt purposes
$1,432,425 9 grants
GENERAL SUPPORT
$1,287,592 17 grants
The Dr. Rosemary Hale Fund For Teaching and Learning, Annual Support
$1,001,000 1 grant
FOR GENERAL SUPPORT.
$445,210 2 grants

Financial Trends

Year Revenue Expenses Assets
2025 $165.1M $155.5M $287.2M
2024 $141.5M $144.5M $269.0M
2023 $140.5M $133.9M $261.9M
2022 $127.6M $123.5M $244.6M
2021 $111.5M $109.1M $251.3M

Between 2021 and 2025, reported annual revenue grew from $111.5M to $165.1M (+48%), with total assets most recently reported at $287.2M.

Interactive year-over-year charts and full filing details available with membership.

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