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The Truax Family Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2019. The principal officer is Foundation Source. It holds total assets of $641K. Annual income is reported at $805K. Total assets have grown from $611K in 2019 to $1.2M in 2023. The foundation is governed by 7 officers and trustees. 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. The foundation primarily funds organizations in Illinois, Georgia and Colorado. According to available records, The Truax Family Foundation has made 31 grants totaling $1.3M, with a median grant of $30K. Annual giving has grown from $150K in 2020 to $398K in 2023. Grantmaking activity was highest in 2022 with $785K distributed across 14 grants. Individual grants have ranged from $8K to $200K, with an average award of $43K. The foundation has supported 11 unique organizations. The foundation primarily supports organizations in Illinois, Iowa, Mississippi, which account for 77% of all grants. Grantmaking reaches organizations across 7 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$10K
Median Grant
$25K
Average Grant
$30K
Largest Grant
$70K
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.
The Truax Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 31 grants. Its grantmaking reaches organizations primarily in IL, IA, MS.
The Truax Family Foundation has distributed a total of $1.3M across 31 grants. The median grant size is $30K, with an average of $43K. Individual grants have ranged from $8K to $200K.
The Truax Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
The Truax Family Foundation is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 7 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Cameron Davis | Dir | $0 | $0 | N/A |
| Douglas L Truax | Dir, Pres, Sec, Treas | $0 | $0 | N/A |
| Jack Truax | Dir | $0 | $0 | N/A |
| Kaitlyn Truax | Dir | $0 | $0 | N/A |
| Kohl Truax | Dir | $0 | $0 | N/A |
| Nicole Truax | Dir, VP | $0 | $0 | N/A |
| Avy Davis | Dir | $0 | $0 | N/A |
Total Giving
$423K
Total Assets
$1.2M
Fair Market Value
$1.2M
Net Worth
$1.2M
Grants Paid
$398K
Contributions
$30K
Net Investment Income
$108K
Distribution Amount
$60K
Total: $918K
Total Grants
31
Total Giving
$1.3M
Average Grant
$43K
Median Grant
$30K
Unique Recipients
11
Most Common Grant
$20K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Caring Network NfpGeneral & Unrestricted | Glen Ellyn, IL | $75K | 2023 |
| Tri-State Christian School AssociationHire Full Time Fund | Asbury, IA | $50K | 2023 |
| Ians Place For Bereaved ParentsGeneral & Unrestricted | Oak Brook, IL | $50K | 2023 |
| Altar Fly FishingGeneral & Unrestricted | Lombard, IL | $35K | 2023 |
| The Compass Evangelical Free ChurchGeneral & Unrestricted | Naperville, IL | $20K | 2023 |
| Grace Bible Church Naples IncGeneral & Unrestricted | Naples, FL | $20K | 2023 |
| Mountain Life Evangelical Free ChurchGeneral & Unrestricted | Park City, UT | $20K | 2023 |
| Adams County Christian School IncorporatedGeneral & Unrestricted | Natchez, MS | $14K | 2023 |
| First Baptist Church Of Downers GroveDowners Grove Christian School | Downers Grove, IL | $10K | 2023 |
| National Christian Charitable Foundation IncThe Altar Fly Fishing Fund | Alpharetta, GA | $25K | 2020 |
| Champion Ministries IncGeneral & Unrestricted | Castle Rock, CO | $10K | 2020 |