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Tru Needs Inc. is a private corporation based in CHICAGO, IL. The foundation received its IRS ruling in 2013. The principal officer is Jay Adams. It holds total assets of $543K. Annual income is reported at $168K. Total assets have grown from $1M in 2012 to $1.9M in 2023. The foundation is governed by 3 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 2016 to 2023. Funding is distributed across 4 states, including Illinois, New York, Florida. According to available records, Tru Needs Inc. has made 14 grants totaling $1M, with a median grant of $50K. Individual grants have ranged from $24K to $200K, with an average award of $75K. The foundation has supported 7 unique organizations. The foundation primarily supports organizations in District of Columbia, North Carolina, Illinois, which account for 57% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$10K
Median Grant
$65K
Average Grant
$67K
Largest Grant
$138K
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.
Tru Needs Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 14 grants. Its grantmaking reaches organizations primarily in DC, NC, IL.
Tru Needs Inc. has distributed a total of $1M across 14 grants. The median grant size is $50K, with an average of $75K. Individual grants have ranged from $24K to $200K.
Tru Needs Inc. typically selects its grantees rather than accepting unsolicited proposals.
Tru Needs Inc. is headquartered in CHICAGO, IL. While based in IL, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Meredith Adams | DIRECTOR | $0 | $0 | N/A |
| Douglas Adams | PRESIDENT | $0 | $0 | N/A |
| Laura Adams | DIRECTOR | $0 | $0 | N/A |
Total Giving
$403K
Total Assets
$1.9M
Fair Market Value
$1.9M
Net Worth
$1.9M
Grants Paid
$400K
Contributions
$44K
Net Investment Income
$6K
Distribution Amount
$107K
Total Grants
14
Total Giving
$1M
Average Grant
$75K
Median Grant
$50K
Unique Recipients
7
Most Common Grant
$50K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| LifenetGENERAL SUPPORT | Washington Dc, DC | $200K | 2022 |
| Heart For LebanonGENERAL SUPPORT | Black Mountain, NC | $100K | 2022 |
| Chosen People MinistriesMISSONARY SUPPORT | New York, NY | $50K | 2022 |
| Freedom FirmGENERAL SUPPORT | Galax, VA | $50K | 2022 |
| Love The NationsGENERAL SUPPORT | Guaynabo, PR | $50K | 2022 |
| Oneway MinistriesMISSIONARY SUPPORT | Naperville, IL | $50K | 2022 |
| Chicago Hope AcademyWRESTLING MISSION TRIP | Chicago, IL | $24K | 2022 |