Charles B Keitzer & Lenore M Keitzer Memorial Trust C
The Charles B Keitzer & Lenore M Keitzer Memorial Trust C is a private foundation based in Monterey, Indiana. Its 2025 filing reports grants for education, and the foundation’s 2024 filing describes an award restriction for full-time students pursuing a degree who live within five miles of Monterey.
Charles B Keitzer & Lenore M Keitzer Memorial Trust C at a glance
In short: Charles B Keitzer & Lenore M Keitzer Memorial Trust C gave $68K across 17 grants in 2025 (avg $4K), mostly in Indiana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $68,000
- -4.6% vs 2024
- Grants made (2025)
- 17
- -5.6% vs 2024
- Average grant
- $4,000
- +1.0% vs 2024
- Median grant
- $4,000
- Total assets
- $1,375,899
- -0.6% vs 2024
- Primary geography
- Indiana (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.
How to apply to Charles B Keitzer & Lenore M Keitzer Memorial Trust C
- How to Apply
-
The foundation’s 2024 filing says application forms are available from First National Bank of Monterey. It states that awards are restricted to students who reside within a five-mile radius of Monterey and pursue a degree as full-time students. The filing says giving is not restricted to preselected organizations.
- Review Cycle
- None, according to the 2024 filing.
- Deadline
- None, according to the 2024 filing.
- Contact
Application contact: First National Bank Of Monterey
Mailing address: PO Box 8, Monterey, IN 46960
Phone: (574) 542-2121
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Charles B Keitzer & Lenore M Keitzer Memorial Trust C funds
How this funder distributes its grants
Grant Size Distribution
86 grants across all recorded years
The most common grant size was under $50K: 86 grants of 86 (100%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2025 went to recipients in Indiana. The 2024 filing states that student award recipients must reside within five miles of Monterey.
Grant Distribution by State
Share of 2025 grant dollars across all 17 itemized grants.
States
Cities
How Charles B Keitzer & Lenore M Keitzer Memorial Trust C gives
- Giving held roughly steady from 2022 to 2025 (−11%). Method
- In 2025 it paid out 101% of its IRS minimum distribution (the 5% rule). 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 $30K (2020) to $77K (2023). In 2025 it made 17 grants totaling $68K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 17 grants to individuals Recipients not named | — | $68,000 |
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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 | $1,375,899 | $53,982 | $69,498 | $68,000 | 17 | $68,000 | $53,982 | $67,205 |
| 2024 | $1,383,696 | $54,227 | $74,689 | $71,280 | 18 | $69,530 | $54,227 | $67,549 |
| 2023 | $1,390,037 | $39,983 | $79,118 | $77,000 | 22 | $75,534 | $39,983 | $69,497 |
| 2022 | $1,454,769 | $25,440 | $79,515 | $76,000 | 16 | $76,000 | $25,440 | $73,267 |
| 2021 | $1,534,928 | $28,797 | $81,620 | $76,996 | 13 | — | $28,797 | $75,927 |
| 2020 | $1,564,656 | $33,130 | $33,569 | $30,000 | 12 | — | $33,130 | $76,400 |
Under IRS private-foundation payout rules, Charles B Keitzer & Lenore M Keitzer Memorial Trust C reported a distributable amount of $67K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement is provided in the available information. The 2025 grants are identified as education awards to individuals.
Grantmaking
In filing year 2025, the foundation gave 17 grants totaling $68,000. Each grant was $4,000. Listed recipients include 12 individual recipients; each received $4,000 for education.
Leadership & Key People
Officers and directors from IRS filings
Charles B Keitzer & Lenore M Keitzer Memorial Trust C's only listed officer is First National Bank of Monterey, Trustee on every filing since 2020 (uncompensated).
Officers on the 2025 filing
First National Bank of Monterey
Trustee
On filings since 2020
3 hrs/week
$3K (2020) → $0 (2025)
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 2024 IRS filing
The highest reported compensation on the 2024 filing was $4K, to First National Bank of Monterey (Trustee).
Frequently asked questions about Charles B Keitzer & Lenore M Keitzer Memorial Trust C
How much does Charles B Keitzer & Lenore M Keitzer Memorial Trust C give each year?
Charles B Keitzer & Lenore M Keitzer Memorial Trust C gave $68K across 17 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $71K across 18 grants.
What is Charles B Keitzer & Lenore M Keitzer Memorial Trust C's typical grant size?
Charles B Keitzer & Lenore M Keitzer Memorial Trust C's median grant in 2025 was $4,000, and its average grant was $4,000, across 17 grants on its 2025 IRS Form 990-PF.
Where does Charles B Keitzer & Lenore M Keitzer Memorial Trust C give grants?
Charles B Keitzer & Lenore M Keitzer Memorial Trust C gives mostly in Indiana: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Charles B Keitzer & Lenore M Keitzer Memorial Trust C give general operating support?
Not in 2025: none of the 17 grants with a stated purpose on Charles B Keitzer & Lenore M Keitzer Memorial Trust C's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Education" (17 grants).
How large is Charles B Keitzer & Lenore M Keitzer Memorial Trust C?
Charles B Keitzer & Lenore M Keitzer Memorial Trust C reported $1.4M in total assets on its 2025 IRS Form 990-PF. It paid out $68K in qualifying distributions that year, against a required minimum of $67K (roughly 5% of its investment assets).
What does Charles B Keitzer & Lenore M Keitzer Memorial Trust C fund?
No mission statement is provided in the available information. The 2025 grants are identified as education awards to individuals. See mission & focus areas ↑
How do I apply for a grant from Charles B Keitzer & Lenore M Keitzer Memorial Trust C?
The foundation’s 2024 filing says application forms are available from First National Bank of Monterey. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Charles B Keitzer & Lenore M Keitzer Memorial Trust C's EIN?
Charles B Keitzer & Lenore M Keitzer Memorial Trust C's EIN (Employer Identification Number) is 35-6354152. 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. Research dossier generated September 2026.
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 February 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS February 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS January 23, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS December 8, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 12, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS January 12, 2026)
- IRS filings on file for fiscal years 2020–2025
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