Byron a Root Memorial Trust Fund

MERRILLVILLE, IN EIN: 31-6192613

Byron a Root Memorial Trust Fund is a private foundation, based in MERRILLVILLE, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $483K in total assets. In 2024, it awarded 2 grants totaling $30K. Net investment income was $15K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$483K

-4.8% YoY

Annual Giving

$30K

+9.0% YoY

Grant Count

+100.0% YoY

Avg Grant Size

$15K

-45.5% YoY

Under IRS private-foundation payout rules, Byron a Root Memorial Trust Fund reported a distributable amount of $38K for 2024 — the minimum it must pay out in qualifying distributions.

About Byron a Root Memorial Trust Fund

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Indiana $154K (100%)

States

Indiana

Cities

BloomingtonMerrillville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$483,242	$507,751	$522,708
Revenue	$20,891	$18,712	$14,114
Expenses	$45,400	$33,669	$44,615
Qualifying Distributions	$39,766	$32,094	$39,358
Net Investment Income	$15,257	$17,137	$8,857
Distributable Amount	$38,343	$34,632	$35,354

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

6 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Indiana University Foundation ($20,463), Legacy Foundation Inc ($10,000).

Recipient	Purpose	Amount
INDIANA UNIVERSITY FOUNDATION BLOOMINGTON, IN	FUNDING OF ROOT SYMPOSIUMS OF GERIATIC ISSUES	$20,463
LEGACY FOUNDATION INC MERRILLVILLE, IN	TRANSFORMING LAKE COUNTY BY PROVIDING STRATEGIC LEADERSHIP AND IMPACTFUL PHILANTHROPIC SUPPORT TO ENSURE EQUITABLE OPPORTUNITY FOR ALL COMMUNITIES THAT WE SERVE.	$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BURKE COSTANZA CARBERRY LLP	TRUSTEE	2	$5,000

Frequently Asked Questions

How large is Byron a Root Memorial Trust Fund?

As of 2024, Byron a Root Memorial Trust Fund holds $483K in total assets with $21K in annual revenue. It awarded 2 grants totaling $30K in 2024.

Where does Byron a Root Memorial Trust Fund operate?

Byron a Root Memorial Trust Fund has awarded grants in Indiana.

What size grants does Byron a Root Memorial Trust Fund award?

In 2024, Byron a Root Memorial Trust Fund awarded 2 grants totaling $30K — an average of about $15K per grant, based on its IRS Form 990 filings.

How much is Byron a Root Memorial Trust Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Byron a Root Memorial Trust Fund reported a distributable amount of $38K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Byron a Root Memorial Trust Fund's EIN?

Byron a Root Memorial Trust Fund's EIN (Employer Identification Number) is 31-6192613. IRS Form 990 filing data is available on this page for 2020–2024.