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Also known as: ROOT CHARITABLE TRUST FUND UD 082103
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Richard Morton & Ruth Bailey Root Charitable Trust Fd is a private trust based in URBANDALE, IA. The foundation received its IRS ruling in 2004. The principal officer is Robert G Bridges. It holds total assets of $3.9M. Annual income is reported at $1.6M. 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, Richard Morton & Ruth Bailey Root Charitable Trust Fd has made 20 grants totaling $1.6M, with a median grant of $78K. The foundation has distributed between $283K and $704K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $704K distributed across 8 grants. Individual grants have ranged from $71K to $88K, with an average award of $79K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in Iowa. Contributions to this foundation are tax-deductible.
Smallest Grant
$72K
Median Grant
$72K
Average Grant
$72K
Largest Grant
$72K
Based on 4 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.
Richard Morton & Ruth Bailey Root Charitable Trust Fd primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 20 grants. Its grantmaking reaches organizations primarily in IA.
Richard Morton & Ruth Bailey Root Charitable Trust Fd has distributed a total of $1.6M across 20 grants. The median grant size is $78K, with an average of $79K. Individual grants have ranged from $71K to $88K.
Richard Morton & Ruth Bailey Root Charitable Trust Fd typically selects its grantees rather than accepting unsolicited proposals.
Richard Morton & Ruth Bailey Root Charitable Trust Fd is headquartered in URBANDALE, IA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Iowa State Bank | Trustee | $28K | $0 | $28K |
Total Giving
$320K
Total Assets
$3.8M
Fair Market Value
$6.2M
Net Worth
$3.8M
Grants Paid
$283K
Contributions
N/A
Net Investment Income
$379K
Distribution Amount
$285K
Total: $3.6M
Total Grants
20
Total Giving
$1.6M
Average Grant
$79K
Median Grant
$78K
Unique Recipients
4
Most Common Grant
$88K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Drake UniversityPROMOTE EDUCATION | Des Moines, IA | $71K | 2023 |
| Grand View CollegePROMOTE EDUCATION | Des Moines, IA | $71K | 2023 |
| Central CollegePROMOTE EDUCATION | Pella, IA | $71K | 2023 |
| Simpson CollegePROMOTE EDUCATION | Indianola, IA | $71K | 2023 |
COUNCIL BLFS, IA
MUSCATINE, IA
CEDAR RAPIDS, IA