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Carl Shanks Trust is a private trust based in CHICAGO, IL. The foundation received its IRS ruling in 1996. The principal officer is Jp Morgan Chase Bank Na. It holds total assets of $1.3M. Annual income is reported at $362K. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2018 to 2024. Grantmaking is concentrated in Texas. According to available records, Carl Shanks Trust has made 12 grants totaling $294K, with a median grant of $19K. The foundation has distributed between $67K and $155K annually from 2022 to 2024. Grantmaking activity was highest in 2023 with $155K distributed across 6 grants. Individual grants have ranged from $17K to $39K, with an average award of $25K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in Texas. Contributions to this foundation are tax-deductible.
Smallest Grant
$17K
Median Grant
$17K
Average Grant
$22K
Largest Grant
$33K
Based on 3 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Carl Shanks Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in TX.
Carl Shanks Trust has distributed a total of $294K across 12 grants. The median grant size is $19K, with an average of $25K. Individual grants have ranged from $17K to $39K.
Carl Shanks Trust typically selects its grantees rather than accepting unsolicited proposals.
Carl Shanks Trust is headquartered in CHICAGO, IL.
Officer and trustee information is not yet available for this foundation. This data is typically reported in Part VIII of the 990-PF filing.
Total Giving
$93K
Total Assets
$1.3M
Fair Market Value
$1.7M
Net Worth
$1.3M
Grants Paid
$67K
Contributions
N/A
Net Investment Income
$53K
Distribution Amount
$80K
Total: $1.2M
Total Grants
12
Total Giving
$294K
Average Grant
$25K
Median Grant
$19K
Unique Recipients
3
Most Common Grant
$19K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Texas Scottish Rite HospitalGENERAL | Dallas, TX | $17K | 2024 |
| W I Cook FoundationGENERAL | Fort Worth, TX | $33K | 2024 |
| Cal Farley'S Boys RanchGENERAL | Amarillo, TX | $17K | 2024 |