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Grace Wormer Trust is a private corporation based in MILWAUKEE, WI. The foundation received its IRS ruling in 2002. The principal officer is Us Bank Trust Tax Department. It holds total assets of $1.4M. Annual income is reported at $490K. The foundation is governed by 1 officer or trustee. 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 2016 to 2023. Grantmaking is concentrated in Iowa. According to available records, Grace Wormer Trust has made 12 grants totaling $394K, with a median grant of $37K. The foundation has distributed between $90K and $211K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $211K distributed across 6 grants. Individual grants have ranged from $18K to $42K, with an average award of $33K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in Iowa. Contributions to this foundation are tax-deductible.
Smallest Grant
$18K
Median Grant
$37K
Average Grant
$31K
Largest Grant
$37K
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.
Grace Wormer 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 IA.
Grace Wormer Trust has distributed a total of $394K across 12 grants. The median grant size is $37K, with an average of $33K. Individual grants have ranged from $18K to $42K.
Grace Wormer Trust typically selects its grantees rather than accepting unsolicited proposals.
Grace Wormer Trust is headquartered in MILWAUKEE, WI.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Us Bank N A | TRUSTEE | $28K | $0 | $28K |
Total Giving
$122K
Total Assets
$1.4M
Fair Market Value
$1.9M
Net Worth
$1.4M
Grants Paid
$90K
Contributions
N/A
Net Investment Income
$129K
Distribution Amount
$90K
Total Grants
12
Total Giving
$394K
Average Grant
$33K
Median Grant
$37K
Unique Recipients
3
Most Common Grant
$42K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of Iowa FoundationSCHOLARSHIP | Iowa City, IA | $36K | 2023 |
| Cornell CollegeSCHOLARSHIP & BOOK FUND | Mount Vernon, IA | $36K | 2023 |
| St Luke'S FoundationSCHOLARSHIP | Cedar Rapids, IA | $18K | 2023 |
MILWAUKEE, WI
WAUKESHA, WI
MILWAUKEE, WI