FAIRBURY, IL

Charles M Ross Trust

Quick Facts

EIN: 376075511
Location: FAIRBURY, IL
Phone: (815) 692-2302
Category: General
Total Assets: $406K
Annual Income: $138K
IRS Ruling Year: 1970
Organization Type: Non-Operating Foundation
Principal Officer: % Thomas L Brucker
Tax Deductibility: Contributions are deductible

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About This Foundation

Charles M Ross Trust is a private trust based in FAIRBURY, IL. The foundation received its IRS ruling in 1970. The principal officer is % Thomas L Brucker. It holds total assets of $406K. Annual income is reported at $138K. According to available records, Charles M Ross Trust has made 12 grants totaling $51K, with a median grant of $5K. Annual giving has decreased from $34K in 2022 to $17K in 2023. Individual grants have ranged from $3K to $5K, with an average award of $4K. The foundation has supported 5 unique organizations. Grant recipients are concentrated in Illinois. Contributions to this foundation are tax-deductible.

Frequently Asked Questions

What does Charles M Ross Trust fund?

Charles M Ross Trust is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in IL.

How much does Charles M Ross Trust give in grants?

Charles M Ross Trust has distributed a total of $51K across 12 grants. The median grant size is $5K, with an average of $4K. Individual grants have ranged from $3K to $5K.

How do I apply for a grant from Charles M Ross Trust?

Charles M Ross Trust is a private foundation. To inquire about grants, you can look up the foundation using their EIN (376075511) on GuideStar or contact them directly. Many private foundations have specific application processes that may not be publicly listed.

Where is Charles M Ross Trust located?

Charles M Ross Trust is headquartered in FAIRBURY, IL.

Key People & Compensation (2022)

Name	Title	Compensation	Benefits	Total
Mark A Coleman Jr	EXEC DIRECTO	$2K	$0	$2K
Thomas Palmieri	TRUSTEE	$2K	$0	$2K
Rebecca Moore Palmieri	TRUSTEE	$2K	$0	$2K

990 Tax Filings

Year	Return Type	PDF
2023	990PF	View
2022	990PF	View
2021	990PF	View
2019	990PF

Research This Foundation

GuideStar / Candid ProPublica Nonprofit Explorer IRS Tax Exempt Status

Financial Overview

Total Giving

$25K

2022-1%

Total Assets

$336K

2022-3%

Fair Market Value

$472K

2022

Net Worth

$336K

2022

Grants Paid

$17K

2022

Contributions

2022

Net Investment Income

$14K

2022

Distribution Amount

$22K

2022

Total Giving by Year

Asset Growth

Revenue Over Time

Liabilities Over Time

Investment Portfolio (2022)

Total: $308K

Corporate Stock (84%)

Corporate Bonds (16%)

Expense Breakdown (2022)

Revenue Sources (2022)

Dividends: $15K
Interest: $968
Other Income: $216
Capital Gains (Net): $-734

Financial Details (2022)

Total Revenue: $15K
Total Expenses: $25K
Exempt Purpose Expenses: $22K
Required Distribution: $22K
Undistributed Income: $0
Total Liabilities: $1
Excise Tax: $198
Tax Due: $198

Foundation Classification (2022)

Operating FoundationNo

Grants to IndividualsNo

Non-Charity GrantsNo

Lobbying ActivityNo

Excess Business HoldingsNo

Grantmaking Insights

Total Grants

Total Giving

$51K

Average Grant

$4K

Median Grant

$5K

Unique Recipients

Most Common Grant

$5K

Grant Disbursements by Year

Grant Range

Min$3K

Max$5K

Median: $5K

Smallest grantLargest grant

Openness to New Grantees (2023)

of 2023 grantees were first-time recipients

Grant Size Distribution

Geographic Distribution of Grants

IL$51K (12)

Past Grantees

Recipient	Location	Amount	Year
Allison Marie MobleyEDUCATION	Chicago, IL	$5K	2023
Jordan Douglas MillhollinEDUCATION	Chicago, IL	$5K	2023
Ifeoma IkedionwuEDUCATION	Chicago, IL	$4K	2023
Charles GrantEDUCATION	Chicago, IL	$3K	2023
Shay Xin HuangEDUCATION	Chicago, IL	$5K	2022