Chester E Johnson Testamentary Trust

Private foundation · Grantmaker Monterey, IN EIN: 35-6716354

Chester E Johnson Testamentary Trust is a private foundation, based in Monterey, IN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $115K in total assets. In 2025, it awarded 6 grants totaling $10K. Net investment income was $4K.

Key facts about Chester E Johnson Testamentary Trust

In short: Chester E Johnson Testamentary Trust gave $10K across 6 grants in 2025 (avg $2K), mostly in Indiana. Source: 2025 IRS Form 990-PF.

EIN
35-6716354
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$10,000
Grants made (2025)
6
Average grant
$1,667
Median grant
$1,765
Total assets
$115,370
Primary geography
Indiana (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated October 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$115K

-5.3% YoY

Annual Giving

$10K

+0.0% YoY

Grant Count

6

+0.0% YoY

Avg Grant Size

$2K

+0.0% YoY

Under IRS private-foundation payout rules, Chester E Johnson Testamentary Trust reported a distributable amount of $6K for 2025 — the minimum it must pay out in qualifying distributions.

How Chester E Johnson Testamentary Trust gives

  • Giving held roughly steady from 2022 to 2025 (+0%). Method
  • In 2025 it paid out 173% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2025 grant dollars across all 6 itemized grants.

States

Cities

Royal Center

Giving Over Time

Total grant dollars and number of grants per year

$0$2.5K$5K$7.5K$10K6 grants2020 6 grants2021 6 grants2022 6 grants2023 6 grants2024 6 grants2025

From 2020 to 2025, annual grant giving ranged from $10K (2020) to $10K (2025). In 2025 it made 6 grants totaling $10K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2025

Town of Royal Center-RC Bldg: $2KTown of Royal Center-RC Bldg$2KPioneer Youth League: $2KPioneer Youth League$2KTown of Royal Center Rea Park: $2KTown of Royal Center Rea Park$2KRoyal Center Volunteer Fire Dept: $2KRoyal Center Volunteer FireDept$2KRoyal Center First Responders: $1KRoyal Center First Responders$1KRoyal Center Public Library: $588Royal Center Public Library$588

The largest 2025 recipient was Town of Royal Center-RC Bldg ($2K). Together the top 6 received $10K.

Grant Size Distribution

30 grants across all recorded years

30<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 30 grants of 30 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Town of Royal Center-RC Bldg Royal Center, INCity Building Repairs/Improvements$2,353
Pioneer Youth League Royal Center, INPurchase/Improve Facilities & Equip$2,353
Town of Royal Center Rea Park Royal Center, INPark Repairs/Improvements$1,765
Royal Center Volunteer Fire Dept Royal Center, INPurchase/Improve Equipment$1,765
Royal Center First Responders Royal Center, INPurchase/Improve Equipment$1,176
Royal Center Public Library Royal Center, INPurchase Books and Reading Materials$588

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$5K$10K$15K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$115,370$121,795$127,484
Revenue$4,445$5,259$3,978
Expenses$10,870$10,948$10,898
Qualifying Distributions$10,000$10,000$10,000
Net Investment Income$3,575$4,311$3,080
Distributable Amount$5,790$6,078$6,406

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS August 27, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 25, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS February 27, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS February 5, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 5, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)

Leadership & Key People

Officers and directors from IRS filings

Chester E Johnson Testamentary Trust's only listed officer is First National Bank Of Monterey, Trustee on every filing since 2020 (compensated).

Officers on the 2025 filing

  • First National Bank Of Monterey

    Trustee

    On filings since 2020

    $500 (2020) → $400 (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 2025 IRS filing

First National Bank of Monterey — Trustee: $400First National Bank of…Trustee$400

The highest reported compensation on the 2025 filing was $400, to First National Bank of Monterey (Trustee).

Frequently asked questions about Chester E Johnson Testamentary Trust

How much does Chester E Johnson Testamentary Trust give each year?

Chester E Johnson Testamentary Trust gave $10K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $10K across 6 grants.

What is Chester E Johnson Testamentary Trust's typical grant size?

Chester E Johnson Testamentary Trust's median grant in 2025 was $1,765, and its average grant was $1,667, across 6 grants on its 2025 IRS Form 990-PF.

Where does Chester E Johnson Testamentary Trust give grants?

Chester E Johnson Testamentary Trust gives mostly in Indiana: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Royal Center, IN (6 grants).

Does Chester E Johnson Testamentary Trust give general operating support?

Not in 2025: none of the 6 grants with a stated purpose on Chester E Johnson Testamentary Trust's 2025 IRS Form 990-PF were described as general or operating support.

Who are Chester E Johnson Testamentary Trust's largest grantees?

Chester E Johnson Testamentary Trust's largest 2025 grantees include Town of Royal Center-RC Bldg ($2,353), Pioneer Youth League ($2,353) and Town of Royal Center Rea Park ($1,765), according to its 2025 IRS Form 990-PF. Together they received 65% of its itemized 2025 grant dollars.

How large is Chester E Johnson Testamentary Trust?

Chester E Johnson Testamentary Trust reported $115K in total assets on its 2025 IRS Form 990-PF. It paid out $10K in qualifying distributions that year, against a required minimum of $6K (roughly 5% of its investment assets).

What is Chester E Johnson Testamentary Trust's EIN?

Chester E Johnson Testamentary Trust's EIN (Employer Identification Number) is 35-6716354. 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.

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