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Also known as: CHARITABLE TRUST JESUP
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Ruth I Gallup And Loren C Gallup Charitable Trust Jesup is a private trust based in INDEPENDENCE, IA. The foundation received its IRS ruling in 2019. The principal officer is Fairbank State Bank Ttee. It holds total assets of $348K. Annual income is reported at $93K. 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 2020 to 2023. According to available records, Ruth I Gallup And Loren C Gallup Charitable Trust Jesup has made 5 grants totaling $82K, with a median grant of $17K. Annual giving has decreased from $26K in 2020 to $17K in 2023. Individual grants have ranged from $13K to $20K, with an average award of $16K. Grant recipients are concentrated in Iowa. Contributions to this foundation are tax-deductible.
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.
Ruth I Gallup And Loren C Gallup Charitable Trust Jesup primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in IA.
Ruth I Gallup And Loren C Gallup Charitable Trust Jesup has distributed a total of $82K across 5 grants. The median grant size is $17K, with an average of $16K. Individual grants have ranged from $13K to $20K.
Ruth I Gallup And Loren C Gallup Charitable Trust Jesup typically selects its grantees rather than accepting unsolicited proposals.
Ruth I Gallup And Loren C Gallup Charitable Trust Jesup is headquartered in INDEPENDENCE, IA.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bankiowa Trust Department | Trustee | $3K | $0 | $3K |
Total Giving
$20K
Total Assets
$313K
Fair Market Value
$317K
Net Worth
$313K
Grants Paid
$17K
Contributions
N/A
Net Investment Income
$9K
Distribution Amount
$16K
Total Grants
5
Total Giving
$82K
Average Grant
$16K
Median Grant
$17K
Unique Recipients
1
Most Common Grant
$13K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Jesup Community SchoolPROVIDE FUNDS TO PAY FOR MUSIN INSTRUMENTS AND PRIVATE MUSIC LESSONS FOR HIGH SCHOOL STUDENTS. | Jesup, IA | $17K | 2023 |
COUNCIL BLFS, IA
MUSCATINE, IA
CEDAR RAPIDS, IA