CHICAGO, IL

Tapscott Charitable Trust

Quick Facts

EIN: 616106179
Location: CHICAGO, IL
Phone: (866) 888-5157
Category: General
Total Assets: $312K
Annual Income: $49K
IRS Ruling Year: 1992
Organization Type: Non-Operating Foundation
Tax Deductibility: Contributions are deductible

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About This Foundation

Tapscott Charitable Trust is a private corporation based in CHICAGO, IL. The foundation received its IRS ruling in 1992. It holds total assets of $312K. Annual income is reported at $49K. According to available records, Tapscott Charitable Trust has made 15 grants totaling $50K, with a median grant of $3K. Annual giving has decreased from $33K in 2022 to $16K in 2023. Individual grants have ranged from $1K to $6K, with an average award of $3K. The foundation has supported 5 unique organizations. Grant recipients are concentrated in Kentucky. Contributions to this foundation are tax-deductible.

Application Information

Preselected OnlyThis foundation typically selects grantees rather than accepting unsolicited proposals.

Frequently Asked Questions

What does Tapscott Charitable Trust fund?

Tapscott Charitable Trust is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 15 grants. Its grantmaking reaches organizations primarily in KY.

How much does Tapscott Charitable Trust give in grants?

Tapscott Charitable Trust has distributed a total of $50K across 15 grants. The median grant size is $3K, with an average of $3K. Individual grants have ranged from $1K to $6K.

How do I apply for a grant from Tapscott Charitable Trust?

Tapscott Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.

Where is Tapscott Charitable Trust located?

Tapscott Charitable Trust is headquartered in CHICAGO, IL.

Key People & Compensation (2020)

Name	Title	Compensation	Benefits	Total
Jp Morgan Chase Bank N A	TRUSTEE	$7K	$0	$7K

990 Tax Filings

Year	Return Type	PDF
2023	990PF	View
2022	990PF	View
2021	990PF	View
2020	990PF

Research This Foundation

GuideStar / Candid ProPublica Nonprofit Explorer IRS Tax Exempt Status

Financial Overview

Total Giving

$24K

2022-4%

Total Assets

$319K

2022-2%

Fair Market Value

$373K

2022

Net Worth

$319K

2022

Grants Paid

$16K

2022

Contributions

2022

Net Investment Income

$11K

2022

Distribution Amount

$18K

2022

Total Giving by Year

Asset Growth

Revenue Over Time

Liabilities Over Time

Investment Portfolio (2022)

Total: $294K

Corporate Stock (71%)

Corporate Bonds (23%)

Other Investments (6%)

Expense Breakdown (2022)

Revenue Sources (2022)

Dividends: $8K
Capital Gains (Net): $8K

Financial Details (2022)

Total Revenue: $16K
Total Expenses: $24K
Exempt Purpose Expenses: $18K
Required Distribution: $18K
Undistributed Income: $5K
Total Liabilities: $1
Excise Tax: $158
Tax Due: $66

Foundation Classification (2022)

Operating FoundationNo

Grants to IndividualsNo

Non-Charity GrantsNo

Lobbying ActivityNo

Excess Business HoldingsNo

Grantmaking Insights

Total Grants

Total Giving

$50K

Average Grant

$3K

Median Grant

$3K

Unique Recipients

Most Common Grant

$1K

Grant Disbursements by Year

Grant Range

Min$1K

Max$6K

Median: $3K

Smallest grantLargest grant

Openness to New Grantees (2023)

of 2023 grantees were first-time recipients

Grant Size Distribution

Geographic Distribution of Grants

KY$50K (15)

Past Grantees

Recipient	Location	Amount	Year
First Christian ChurchGENERAL	Owensboro, KY	$3K	2023
Family Y Of OwensboroGENERAL	Owensboro, KY	$6K	2023
Kentucky Wesleyan CollegeGENERAL	Owensboro, KY	$5K	2023
Junior Achievement Of OwensboroGENERAL	Owensboro, KY	$1K	2023
City Of OwensboroGENERAL	Owensboro, KY	$1K