//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Chester P Luick Memorial Trust is a private trust based in BELMOND, IA. The foundation received its IRS ruling in 1975. The principal officer is L B Cox Trustee First State Bank. It holds total assets of $618K. Annual income is reported at $187K. Total assets have decreased from $1M in 2011 to $742K in 2023. The foundation is governed by 3 officers and trustees. Tax records are available from 2020 to 2023. Grantmaking is concentrated in Iowa. According to available records, Chester P Luick Memorial Trust has made 19 grants totaling $843K, with a median grant of $12K. Annual giving has grown from $82K in 2020 to $155K in 2023. Grantmaking activity was highest in 2022 with $390K distributed across 4 grants. Individual grants have ranged from $2K to $175K, with an average award of $44K. The foundation has supported 8 unique organizations. Grant recipients are concentrated in Iowa. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$12K
Average Grant
$12K
Largest Grant
$25K
Based on 7 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.
Chester P Luick Memorial Trust is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 19 grants. Its grantmaking reaches organizations primarily in IA.
Chester P Luick Memorial Trust has distributed a total of $843K across 19 grants. The median grant size is $12K, with an average of $44K. Individual grants have ranged from $2K to $175K.
Grants are limited by the governing instrument for the benefit of inhabitants of the city of belmond and the surrounding community.
Chester P Luick Memorial Trust is headquartered in BELMOND, IA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| George S Hinman | TRUSTEE | $0 | $0 | N/A |
| Bradley W Robson | TRUSTEE | $0 | $0 | N/A |
| Gary L Berkland | TRUSTEE | $0 | $0 | N/A |
Total Giving
$176K
Total Assets
$742K
Fair Market Value
$3.2M
Net Worth
$742K
Grants Paid
$155K
Contributions
N/A
Net Investment Income
$164K
Distribution Amount
$233K
Total: $668K
Total Grants
19
Total Giving
$843K
Average Grant
$44K
Median Grant
$12K
Unique Recipients
8
Most Common Grant
$175K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Build A Better BelmondPLEDGE 2/3 | Belmond, IA | $150K | 2023 |
| City Of BelmondSKATE PARK IMPROVEMENTS | Belmond, IA | $5K | 2023 |
| Belmond-Klemme CsdFOOTBALL CAMERA | Belmond, IA | $5K | 2021 |
| Belmond Area Arts CouncilFIREWORKS | Belmond, IA | $3K | 2021 |
| Belmond Cub ScoutsSCOUT PROGRAM | Belmond, IA | $3K | 2021 |
| Belmond Community Center IncFLOOR COVERING | Belmond, IA | $12K | 2020 |
| Colts Corner Daycare CenterLMI SURVEY | Belmond, IA | $7K | 2020 |
| Belmond Historical SocietyBK DISPLAY CASE | Belmond, IA | $5K | 2020 |