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Norman A & Margaret I Shane Charitable Trust is a private trust based in EVANSVILLE, IN. The foundation received its IRS ruling in 1965. It holds total assets of $1.2M. Annual income is reported at $342K. Total assets have grown from $967K in 2011 to $1.2M in 2023. The foundation is governed by 3 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2018 to 2023. Funding is distributed across 5 states, including Utah, Ohio, Connecticut. According to available records, Norman A & Margaret I Shane Charitable Trust has made 18 grants totaling $194K, with a median grant of $7K. Annual giving has grown from $64K in 2021 to $130K in 2022. Individual grants have ranged from $5K to $33K, with an average award of $11K. The foundation has supported 8 unique organizations. The foundation primarily supports organizations in Indiana, Wisconsin, Connecticut, which account for 67% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$4K
Median Grant
$4K
Average Grant
$13K
Largest Grant
$50K
Based on 5 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.
Norman A & Margaret I Shane Charitable Trust is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 18 grants. Its grantmaking reaches organizations primarily in IN, WI, CT.
Norman A & Margaret I Shane Charitable Trust has distributed a total of $194K across 18 grants. The median grant size is $7K, with an average of $11K. Individual grants have ranged from $5K to $33K.
Norman A & Margaret I Shane Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
Norman A & Margaret I Shane Charitable Trust is headquartered in EVANSVILLE, IN. While based in IN, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Old National Wealth Management | CO-TRUSTEE | $18K | $0 | $18K |
| Donald A Shane | CO-TRUSTEE | $0 | $0 | N/A |
| David N Shane | CO-TRUSTEE | $0 | $0 | N/A |
Total Giving
$84K
Total Assets
$1.2M
Fair Market Value
$1.5M
Net Worth
$1.2M
Grants Paid
$65K
Contributions
N/A
Net Investment Income
$111K
Distribution Amount
$71K
Total Grants
18
Total Giving
$194K
Average Grant
$11K
Median Grant
$7K
Unique Recipients
8
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Easter Seals Rehabilitation CenterPROGRAM SUPPORT | Evansville, IN | $30K | 2022 |
| Independent Colleges Of Indiana IncPROGRAM SUPPORT | Indianapolis, IN | $10K | 2022 |
| Medical College Of WisconsinPROGRAM SUPPORT | Milwaukee, WI | $10K | 2022 |
| Wright State University FoundationPROGRAM SUPPORT | Dayton, OH | $5K | 2022 |
| Cholangiocarcinoma FoundationPROGRAM SUPPORT | Herriman, UT | $5K | 2022 |
| Lynch Syndrome InternationalPROGRAM SUPPORT | Madison, CT | $5K | 2022 |
| University Of EvansvillePROGRAM SUPPORT | Evansville, IN | $33K | 2021 |
| Neighborhood House Of Milwaukee IncPROGRAM SUPPORT | Milwaukee, WI | $5K | 2021 |