First Presbyterian Church Et Al Trust P11369

First Presbyterian Church Et Al Trust P11369 is a bank-administered perpetual charitable trust with JPMorgan Chase Bank, N.A. serving as corporate trustee (IRS Form 990-PF Part I lists JPMorgan as the only "officer/director" receiving compensation, with all governance and grantmaking decisions made by the trustee on a fiduciary basis). For nonprofit organizations evaluating outreach to this trust, the critical strategic reality is that the trust is structured as a "preselected only" private nonoperating foundation: the original 1963 trust instrument named specific beneficiary organizations - primarily Presbyterian congregations and affiliated religious charities in the Chicago area - and the trustee's discretion is generally limited to those named entities. Unsolicited proposals from organizations not enumerated in the trust instrument are unlikely to result in a grant, regardless of mission alignment. The most productive strategic posture is therefore to (1) determine whether your organization is already among the named beneficiaries by contacting JPMorgan's charitable trust services group at 10 S Dearborn, Chicago, IL 60603 (mail correspondence preferred over phone; reference trust number P11369 and EIN 13-6038171), (2) if you are a Presbyterian congregation historically affiliated with the original First Presbyterian Church of Chicago lineage, request the trustee verify your status as a permissible beneficiary, and (3) treat this trust as a low-probability research target for general 501(c)(3) outreach. Resources are better spent on community-focused Chicago-area religious funders that accept open applications. The total annual charitable disbursement of approximately $149,000 across all beneficiaries means individual grants are likely in the $5,000-$25,000 range.

Based on the most recent IRS Form 990-PF filing (fiscal year ending July 31, 2024), the trust reported total revenue of $121,266, dividend income of $85,894, net capital gains of $35,372, and zero contributions received - confirming it is a closed-end charitable trust funded by its original endowment rather than ongoing donor contributions. Total functional expenses were $177,279, of which $131,332 was reported as contributions paid to beneficiary organizations and an additional $148,959 reported as total expenses for exempt purposes (Charitable Disbursements, which may include officer/trustee compensation of $41,817 paid to JPMorgan Chase Bank as trustee). Net investment income was $93,478 and the trust paid $1,299 in federal excise tax on investment income. Investment holdings at fiscal year-end were $1,382,094 in corporate stock, $683,103 in corporate bonds, and $171,065 in other investments, with fair market value of $3,655,707 and book value (total assets) of $2,311,464. The trust calculated a minimum investment return of $166,083 and reported $164,784 in qualifying distributions, meeting the 5% minimum payout requirement applicable to private nonoperating foundations under IRC Section 4942. Historical filings going back to fiscal year 2015 show a consistent pattern of small-scale distributions funded entirely by investment income, with no expansion of giving capacity over the past decade. The trust's giving is therefore highly predictable but capped - approximately 5% of $3.3M fair market value, or roughly $165K annually, divided among multiple pre-named beneficiaries.

Trust P11369 sits in the smallest tier of private foundations - bank-administered perpetual charitable trusts with assets under $5M. Comparison to similar Chicago-area JPMorgan-administered religious trusts and small-asset Presbyterian foundations:

Compared to its peer set, Trust P11369 is mid-pack for asset size among bank-administered religious charitable trusts but bottom-tier in application accessibility - the absence of any website, contact email, public grants page, or stated giving guidelines (the IRS BMF lists the website as "n/a") and the affirmative "preselected only" designation place it among the least open private foundations in the database. Nonprofits should not expect to compete with named beneficiaries for trustee discretion.

The most recent IRS Form 990-PF on file with ProPublica's Nonprofit Explorer covers fiscal year ending July 31, 2024 (filed under document ID 202513429349101206, last updated April 15, 2026). The trust's 2024 fiscal year data was loaded into the IRS BMF current extract dated 2026-04-15, indicating filings are reasonably current. ProPublica's Nonprofit Explorer also hosts 990-PF PDFs for fiscal years 2023, 2022, 2021, 2020, 2019, 2018, 2017, 2016, 2015 and earlier, providing a 10+ year track record for due-diligence review. The trust's contact-of-record address (10 S Dearborn IL1-0111, Chicago, IL 60603-2300) and care-of-name (% JPMorgan Chase Bank NA) have remained stable across filings, confirming continuous JPMorgan trustee administration. The fiscal-year-2024 filing shows the trust had no grants made to disqualified persons, no self-dealing transactions, no excess business holdings, no jeopardy investments, no taxable expenditures, and reported "N" on all standard private-foundation compliance check questions - indicating clean administrative status. There has been no observable expansion, contraction, or strategic shift in the trust's operations over the visible filing history.

Practical guidance for any nonprofit considering outreach to JPMorgan-administered Trust P11369: (1) Do not attempt phone outreach - JPMorgan's charitable trust services team handles thousands of small trusts and will not engage on unsolicited grant inquiries; written correspondence to "Charitable Trust Services, JPMorgan Chase Bank N.A., 10 S Dearborn, Mail Code IL1-0111, Chicago IL 60603" referencing trust number P11369 and EIN 13-6038171 is the only appropriate channel. (2) Lead with whether your organization is named in the original trust instrument - JPMorgan's trust officers can quickly confirm or deny this from internal records, and a "no" definitively closes the matter. (3) If you are a Presbyterian congregation with documented historical ties to First Presbyterian Church of Chicago or one of its successor/sister congregations, include a brief lineage statement and request review for potential beneficiary status under the cy pres doctrine (only applies if a named beneficiary has dissolved). (4) Do not expect a published application form, deadlines, grant cycle, or feedback - the trust files annually with the IRS and distributes per the trustee's discretion among named beneficiaries; there is no public-facing process. (5) For most nonprofits, the realistic recommendation is to deprioritize this trust and instead target Chicago Community Trust, Polk Bros. Foundation, Pierce Family Foundation, or Presbyterian Church USA's denominational grant programs - all of which accept open applications and have far higher annual giving capacity than $149K spread across pre-named beneficiaries.