Carl Shanks Trust XXXXX4003
Carl Shanks Trust XXXXX4003 is a private foundation, based in Chicago, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.3M in total assets. In 2025, it awarded 3 grants totaling $71K. Net investment income was $102K.
Carl Shanks Trust XXXXX4003 at a glance
In short: Carl Shanks Trust XXXXX4003 gave $71K across 3 grants in 2025 (avg $24K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $70,708
- +5.7% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $23,569
- +5.7% vs 2024
- Median grant
- $17,677
- Total assets
- $1,335,278
- +1.8% vs 2024
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Carl Shanks Trust XXXXX4003 funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was W I Cook Foundation Cory Rhoades ($35K). Together the top 3 received $71K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 15 grants of 15 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How Carl Shanks Trust XXXXX4003 gives
- Giving held roughly steady from 2022 to 2025 (−1%). Method
- In 2025 it paid out 93% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $66K (2021) to $78K (2023). In 2025 it made 3 grants totaling $71K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| W I Cook Foundation Cory Rhoades Fort Worth, TX | General | $35,354 |
| Cal Farley's Boys Ranch Amarillo, TX | General | $17,677 |
| Texas Scottish Rite Hospital Dallas, TX | General | $17,677 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,335,278 | $118,352 | $97,072 | $70,708 | 3 | $80,365 | $102,266 | $86,286 |
| 2024 | $1,311,605 | $73,514 | $93,196 | $66,884 | 3 | $75,717 | $52,761 | $79,540 |
| 2023 | $1,337,668 | $77,724 | $102,824 | $77,695 | 3 | $86,120 | $60,774 | $75,310 |
| 2022 | $1,362,768 | $85,862 | $101,302 | $71,780 | 3 | $81,621 | $69,176 | $87,535 |
| 2021 | $1,378,373 | $172,807 | $93,538 | $66,416 | 3 | — | $156,218 | $80,933 |
| 2020 | $1,299,324 | $83,562 | $91,975 | $66,491 | 3 | — | $67,292 | $74,890 |
Under IRS private-foundation payout rules, Carl Shanks Trust XXXXX4003 reported a distributable amount of $86K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Carl Shanks Trust XXXXX4003's only listed officer is JP Morgan Chase Bank NA, Trustee on every filing since 2022 (compensated).
Officers on the 2025 filing
JP Morgan Chase Bank NA
Trustee
On filings since 2022
2 hrs/week
$26K (2022) → $26K (2025)
Former officers (1)
- Former: Jpmorgan Chase Bank NA (2020–2021) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $26K, to JP Morgan Chase Bank NA (Trustee).
Frequently asked questions about Carl Shanks Trust XXXXX4003
How much does Carl Shanks Trust XXXXX4003 give each year?
Carl Shanks Trust XXXXX4003 gave $71K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $67K across 3 grants.
What is Carl Shanks Trust XXXXX4003's typical grant size?
Carl Shanks Trust XXXXX4003's median grant in 2025 was $17,677, and its average grant was $23,569, across 3 grants on its 2025 IRS Form 990-PF.
Where does Carl Shanks Trust XXXXX4003 give grants?
Carl Shanks Trust XXXXX4003 gives mostly in Texas: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Carl Shanks Trust XXXXX4003 give general operating support?
Yes: 100% of Carl Shanks Trust XXXXX4003's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Carl Shanks Trust XXXXX4003?
Carl Shanks Trust XXXXX4003 reported $1.3M in total assets on its 2025 IRS Form 990-PF. It paid out $80K in qualifying distributions that year, against a required minimum of $86K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Carl Shanks Trust XXXXX4003's EIN?
Carl Shanks Trust XXXXX4003's EIN (Employer Identification Number) is 75-6177377. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 8, 2020)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS October 6, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 6, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 5, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS September 6, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS September 8, 2025)
- IRS filings on file for fiscal years 2020–2025
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