El & Ruth Torrance Memorial Trust

WACO, TX EIN: 74-6447246

El & Ruth Torrance Memorial Trust is a private foundation, based in WACO, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.5M in total assets. In 2024, it awarded 9 grants totaling $307K. Net investment income was $203K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.5M

-3.0% YoY

Annual Giving

$307K

+12.9% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$34K

+12.9% YoY

Under IRS private-foundation payout rules, El & Ruth Torrance Memorial Trust reported a distributable amount of $269K for 2024 — the minimum it must pay out in qualifying distributions.

About El & Ruth Torrance Memorial Trust

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $898K (65%)

Nebraska $276K (20%)

Florida $207K (15%)

States

Florida Nebraska Texas

Cities

LincolnTampaTempleWaco

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,458,658	$3,565,831	$3,741,327
Revenue	$243,943	$132,950	$146,858
Expenses	$351,408	$315,868	$343,496
Qualifying Distributions	$307,267	$272,176	$278,880
Net Investment Income	$203,186	$123,235	$100,592
Distributable Amount	$268,969	$258,378	$269,660

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2024

Grant Size Distribution

42 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include First United Methodist Church ($65,555), Baylor Scott & White - Central Texas Foundation ($46,090), Shriners Crippled Children's Hospital ($46,090).

Recipient	Purpose	Amount
AUSTIN AVENUE METHODIST CHURCH WACO, TX	RELIGOUS; LISTTOTAL 56346	$11,262
BAYLOR SCOTT & WHITE - CENTRAL TEXAS FOUNDATION TEMPLE, TX	EDUCATIONAL	$46,090
CHRISTIAN RECORD BRAILLE FOUNDATION LINCOLN, NE	EDUCATIONAL	$34,883
CHRISTIAN RECORD SERVICES LINCOLN, NE	EDUCATIONAL	$26,570
FIRST UNITED METHODIST CHURCH WACO, TX	EDUCATIONAL	$65,555
MCLENNAN COUNTY CARDIO-PULMONARY FOUNDATION WACO, TX	EDUCATIONAL	$15,363
METHODIST CHILDREN'S HOME WACO, TX	EDUCATIONAL	$30,727
PROVIDENCE HEALTH CENTER WACO, TX	EDUCATIONAL	$30,727
SHRINERS CRIPPLED CHILDREN'S HOSPITAL TAMPA, FL	EDUCATIONAL	$46,090

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
COMMUNITY BANK TRUST	TRUSTEE	1	$40,757

Frequently Asked Questions

How large is El & Ruth Torrance Memorial Trust?

As of 2024, El & Ruth Torrance Memorial Trust holds $3.5M in total assets with $244K in annual revenue. It awarded 9 grants totaling $307K in 2024.

Where does El & Ruth Torrance Memorial Trust operate?

El & Ruth Torrance Memorial Trust has awarded grants in Florida, Nebraska, Texas.

What size grants does El & Ruth Torrance Memorial Trust award?

In 2024, El & Ruth Torrance Memorial Trust awarded 9 grants totaling $307K — an average of about $34K per grant, based on its IRS Form 990 filings.

How much is El & Ruth Torrance Memorial Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, El & Ruth Torrance Memorial Trust reported a distributable amount of $269K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is El & Ruth Torrance Memorial Trust's EIN?

El & Ruth Torrance Memorial Trust's EIN (Employer Identification Number) is 74-6447246. IRS Form 990 filing data is available on this page for 2020–2024.