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Also known as: FIRST OPTION BANK TRUSTEE
Rail Heritage Trust is a private trust based in PAOLA, KS. The foundation received its IRS ruling in 2014. The principal officer is % First Option Bank Trustee. It holds total assets of $6.6M. Annual income is reported at $4.2M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Rail Heritage Trust has made 64 grants totaling $825K, with a median grant of $11K. Annual giving has grown from $325K in 2021 to $500K in 2023. Individual grants have ranged from $1K to $50K, with an average award of $13K. The foundation has supported 39 unique organizations. The foundation primarily supports organizations in Oregon, Kentucky, California, which account for 30% of all grants. Grantmaking reaches organizations across 20 states. Contributions to this foundation are tax-deductible.
Rail Heritage Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 64 grants. Its grantmaking reaches organizations primarily in OR, KY, CA.
Rail Heritage Trust has distributed a total of $825K across 64 grants. The median grant size is $11K, with an average of $13K. Individual grants have ranged from $1K to $50K.
The application deadline is APPLICATIONS ARE ACCEPTED UNTIL 11:59 PM CST FEB 1 OF EACH YEAR.. FUNDS WILL ONLY BE DISTRIBUTED TO SEC 501(C)(3) CHARITABLE ORGANIZATIONS THAT PROVIDE TO THE PUBLIC THE ACTUAL EXPERIENCE OF TRAVEL BY RAIL DURING THE GOLDEN AGE. FUNDS WILL BE DISTRIBUTED TO SUPPORT THE RECREATION, RESTORATION AND PRESERVATION OF ACTUAL RAIL TRAVEL DURING THE "GOLDEN AGE" OF U.S. RAIL PASSENGER SERVICE - 1920 THROUGH 1960.
Rail Heritage Trust is headquartered in PAOLA, KS. While based in KS, the foundation distributes grants to organizations across 20 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| First Option Bank | TRUSTEE | $0 | $96K | $96K |
Total Giving
$362K
Total Assets
$6.4M
Fair Market Value
$6.4M
Net Worth
$6.4M
Grants Paid
$250K
Contributions
$0
Net Investment Income
$409K
Distribution Amount
$312K
Total: $5.6M
Total Grants
64
Total Giving
$825K
Average Grant
$13K
Median Grant
$11K
Unique Recipients
39
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Pacific Locomotive Association IncSTAYBOLTS FOR SP 1744 | Sunol, CA | $30K | 2023 |
| Railroading Heritage Of Midwest America IncHEP GENERATOR | Inver Grove Heights, MN | $25K | 2023 |
| Tennessee Valley Railroad Museum IncDINING CAR 899 | Chattanooga, TN | $20K | 2023 |
| Sumpter Valley Railroad Restoration IncLOCOMOTIVE 19 | Baker City, OR | $15K | 2023 |
| Nashville Steam Preservation AssociationNC&STL 576 | Nashville, KY | $15K |
| 2023 |
| Abilene Smoky Valley Railroad AssociationCOACH 3464 | Abilene, KS | $15K | 2023 |
| United Railroad Historical Society Of Nj IncHICKORY CREED GENERATOR | Boonton, NJ | $15K | 2023 |
| Danbury Railway Museum IncRDC #32 | Danbury, CT | $12K | 2023 |
| Rochester And Genesee Valley Railroad MuseumSTILLWELL COACH RENOVATION | Rush, NY | $12K | 2023 |
| Pacific Railroad Preservation Association IncorporatedBLOWDOWN VALVES | Portland, OR | $11K | 2023 |
| Illinois Railway MuseumCOACH 649 | Union, IL | $10K | 2023 |
| East Troy Railroad Museum IncCSS&SB CAR 107 | East Troy, WI | $10K | 2023 |
| Friends Of Sp 4449 IncSP 2395 COACH | Portland, OR | $10K | 2023 |
| Mid-Continent Railway Historical Society IncSLEEPING CAR DULUTH | North Freedom, WI | $10K | 2023 |
| Railroaders Heritage CorporationMOUNTAIN VIEW MAINTENANCE | Altoona, PA | $10K | 2023 |
| Watauga Valley Railroad Historical Society & Museum IncCRR 100 REPAIR | Jonesborough, TN | $10K | 2023 |
| Southern Michigan Railroad Society IncEMERALD VALE PULLMAN WORK | Clinton, MI | $10K | 2023 |
| National Railroad Museum IncJOSEPHINE CAR | Green Bay, WI | $9K | 2023 |
| Michigan State Trust For Railway Preservation IncSPECIAL AWAARD | Owasso, MI | $1K | 2023 |
| Western Maryland Scenic Railroad Develop CorpSPECIAL GRANT | Cumberland, MD | $50K | 2021 |
| Nashville Steam Preservation SocietyREBUILD AIR COMPRESSOR | Nashville, KY | $40K | 2021 |
| Pacific Rr Preservation Assn IncorporatedSPECIAL GRANT | Portland, OR | $35K | 2021 |
| Midwest Railway Preservation Socity IncRESTORATION OF PULLMAN MT. BAXTER | Cleveland, OH | $15K | 2021 |
| Lake Superior Railroad MuseumAIR COMPRESSOR FOR DM&IR # 332 | Duluth, MN | $15K | 2021 |
| Kentucky Steam Heritage CorpFIREBOX COMPLETION/REPLACE STAYBOLT | Irvine, KY | $15K | 2021 |
| East Broad Top Railroad Foundation IncM-1 ELECTRIC/ROOF/WHEEL WORK | Rockhill Furnace, PA | $15K | 2021 |
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