Dominick J McDermott Trust
Dominick J McDermott Trust is a private foundation, based in Milwaukee, WI. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $254K in total assets. In 2025, it awarded 3 grants totaling $10K. Net investment income was $10K.
Dominick J McDermott Trust at a glance
In short: Dominick J McDermott Trust gave $10K across 3 grants in 2025 (avg $3K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $10,050
- +10.5% vs 2024
- Grants made (2025)
- 3
- -50.0% vs 2024
- Average grant
- $3,350
- +121.0% vs 2024
- Median grant
- $3,200
- Total assets
- $254,175
- -1.0% vs 2024
- Primary geography
- Iowa (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 Dominick J McDermott Trust funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was St Luke's Health Care Foundation ($4K). Together the top 3 received $10K.
Grant Size Distribution
23 grants across all recorded years
The most common grant size was under $50K: 23 grants of 23 (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 Dominick J McDermott Trust gives
- Giving held roughly steady from 2022 to 2025 (−11%). Method
- In 2025 it paid out 94% 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 2021 to 2025, annual grant giving ranged from $9K (2021) to $11K (2022). In 2025 it made 3 grants totaling $10K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Luke's Health Care Foundation Cedar Rapids, IA | General Operating | $4,150 |
| Camp High Hopes Sioux City, IA | General Operating | $3,200 |
| Childserve Foundation Inc Johnston, IA | General Operating | $2,700 |
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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 | $254,175 | $13,681 | $16,319 | $10,050 | 3 | $12,740 | $10,184 | $13,503 |
| 2024 | $256,816 | $9,146 | $15,016 | $9,096 | 6 | $11,733 | $4,882 | $12,664 |
| 2023 | $262,688 | $3,393 | $19,086 | $10,250 | 5 | $13,392 | $3,015 | $12,204 |
| 2022 | $278,385 | $101,551 | $18,749 | $11,308 | 5 | $14,510 | $97,509 | $13,448 |
| 2021 | $195,588 | $16,398 | $14,518 | $8,988 | 4 | — | $12,216 | $13,668 |
Under IRS private-foundation payout rules, Dominick J McDermott Trust reported a distributable amount of $14K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Dominick J McDermott Trust's only listed officer is US Bank N A, Trustee on every filing since 2023 (compensated).
Officers on the 2025 filing
US Bank N A
Trustee
On filings since 2023
1 hr/week
$3K (2023) → $4K (2025)
Former officers (1)
- Former: U S Bank (2021–2022) — Trustee
Data from IRS Form 990 filings, 2021–2025. "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 $4K, to US Bank N a (Trustee).
Frequently asked questions about Dominick J McDermott Trust
How much does Dominick J McDermott Trust give each year?
Dominick J McDermott Trust gave $10K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $9K across 6 grants.
What is Dominick J McDermott Trust's typical grant size?
Dominick J McDermott Trust's median grant in 2025 was $3,200, and its average grant was $3,350, across 3 grants on its 2025 IRS Form 990-PF.
Where does Dominick J McDermott Trust give grants?
Dominick J McDermott Trust gives mostly in Iowa: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Dominick J McDermott Trust give general operating support?
Yes: 100% of Dominick J McDermott Trust'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 Dominick J McDermott Trust?
Dominick J McDermott Trust reported $254K in total assets on its 2025 IRS Form 990-PF. It paid out $13K in qualifying distributions that year, against a required minimum of $14K (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 Dominick J McDermott Trust's EIN?
Dominick J McDermott Trust's EIN (Employer Identification Number) is 42-1224650. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 11, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 10, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 7, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 29, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS October 17, 2025)
- IRS filings on file for fiscal years 2021–2025
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