Downtown Riverfront Trust
Downtown Riverfront Trust, in collaboration with the city of omaha, the metropolitan entertainment & convention authority (MECA) and a riverfront revitalization committee have assumed responsibility for the planning, design and construction of the new tri-park complex on three city of omaha owned properties currently referred to as lewis and clark landing, heartland of America park and gene leahy mall. Drt is responsible for securing private donations from the community to fund a portion of the development. MECA is responsible for paying project expenses as well as activating, operating and maintaining the development. Due to this relationship, almost all funds raised by drt relating to this project are shown as a grants expense and contributions payable to MECA.
Downtown Riverfront Trust at a glance
In short: Downtown Riverfront Trust gave $392K across 1 grant in 2024 (avg $392K), mostly in Nebraska. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $392,321
- -55.3% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $392,321
- -55.3% vs 2023
- Median grant
- $392,321
- Total assets
- $13,622,822
- -34.9% vs 2023
- Primary geography
- Nebraska (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Downtown Riverfront Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Riverfront Project ($392K).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was in the $250–500K range: 1 grant of 4 (25%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Downtown Riverfront Trust gives
- Giving fell 99% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $392K (2024) to $37.2M (2020). In 2024 it made 1 grant totaling $392K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Riverfront Project Omaha, NE | To Help Fund Riverfront Project. | $392,321 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $13,622,822 | $398,352 | $516,036 | $392,321 | 1 | $26,744 |
| 2023 | $20,920,786 | $894,297 | $1,003,772 | $877,552 | 1 | $179,351 |
| 2022 | $78,147,504 | $3,742,336 | $3,979,303 | $3,856,253 | 1 | $100,668 |
| 2021 | $158,815,743 | $28,894,950 | $29,016,111 | $28,895,881 | 1 | $621 |
| 2020 | $158,328,884 | $36,994,406 | $37,325,882 | $37,154,932 | Total only | $8,507 |
| 2019 | $151,998,722 | $169,454,287 | $168,554,468 | — | — | $295,709 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Downtown Riverfront Trust
Based on IRS filings
Downtown Riverfront Trust is a public charity focused on Community Improvement & Capacity Building, based in Omaha, NE. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $13.6M in total assets. In 2024, it awarded 1 grant totaling $392K. Net investment income was $27K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Downtown Riverfront Trust is led by Rachel Jacobson, President on every filing since 2020; none of the 7 officers listed in 2024 report compensation.
Officers on the 2024 filing
Rachel Jacobson
President
On filings since 2020
1 hr/week
No compensation reported
Kenneth Stinson
Chairman
On filings since 2019
1 hr/week
No compensation reported
Jack Koraleski
Director
On filings since 2019
1 hr/week
No compensation reported
Mogens C. Bay
Director
On filings since 2019
1 hr/week
No compensation reported
W. Gary Gates
Director
On filings since 2019
1 hr/week
No compensation reported
Dan Waters
Secretary
On filings since 2020
1 hr/week
No compensation reported
Ranae Keckeisen
Treasurer
Vice President of Projects → Treasurer, 2024
On filings since 2023
1 hr/week
No compensation reported
Former officers (4)
- Former: Jennifer Callahan (2019–2023) — Treasurer
- Former: Tammy Roza (2023) — Director of Operations
- Former: Susan Morris (2019–2020) — President
- Former: CE Heaney Jr. (2019) — Secretary
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Downtown Riverfront Trust
How much does Downtown Riverfront Trust give each year?
Downtown Riverfront Trust gave $392K across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $878K across 1 grant.
How large is Downtown Riverfront Trust?
Downtown Riverfront Trust reported $13.6M in total assets on its 2024 IRS Form 990. Its revenue that year was $398K.
What is Downtown Riverfront Trust?
Downtown Riverfront Trust is a public charity focused on Community Improvement & Capacity Building, based in Omaha, NE. It holds $13.6M in total assets as of 2024.
Where does Downtown Riverfront Trust operate?
Downtown Riverfront Trust has awarded grants in Nebraska.
What is Downtown Riverfront Trust's EIN?
Downtown Riverfront Trust's EIN (Employer Identification Number) is 81-4619812. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS July 15, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS May 16, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS June 20, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS June 28, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS August 19, 2025)
- IRS filings on file for fiscal years 2020–2024
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Browse active grant opportunities in Downtown Riverfront Trust's focus areas in our free grants database
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