El & Ruth Torrance Memorial Trust

Private foundation · Grantmaker 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.

Key facts about El & Ruth Torrance Memorial Trust

In short: El & Ruth Torrance Memorial Trust gave $307K across 9 grants in 2024 (avg $34K), mostly in Texas. Source: 2024 IRS Form 990-PF.

EIN
74-6447246
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$307,267
Grants made (2024)
9
Average grant
$34,141
Median grant
$30,727
Total assets
$3,458,658
Primary geography
Texas (65% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

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

9

+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.

How El & Ruth Torrance Memorial Trust gives

  • Giving held roughly steady from 2021 to 2024 (+14%). Method
  • In 2024 it paid out 114% 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

3states

Share of 2024 grant dollars across all 9 itemized grants.

Cities

WacoLincolnTampaTemple

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K$400K7 grants2020 8 grants2021 9 grants2022 9 grants2023 9 grants2024

From 2020 to 2024, annual grant giving ranged from $254K (2020) to $307K (2024). In 2024 it made 9 grants totaling $307K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2024

First United Methodist Church: $66KFirst United Methodist Church$66KBaylor Scott & White - Central Texas Foundation: $46KBaylor Scott & White - CentralTexas Foundation$46KShriners Crippled Children's Hospital: $46KShriners Crippled Children'sHospital$46KChristian Record Braille Foundation: $35KChristian Record BrailleFoundation$35KMethodist Children's Home: $31KMethodist Children's Home$31KProvidence Health Center: $31KProvidence Health Center$31KChristian Record Services: $27KChristian Record Services$27KMcLennan County Cardio-Pulmonary Foundation: $15KMcLennan CountyCardio-Pulmonary Foundation$15KAustin Avenue Methodist Church: $11KAustin Avenue Methodist Church$11K

The largest 2024 recipient was First United Methodist Church ($66K). Together the top 9 received $307K.

Grant Size Distribution

42 grants across all recorded years

36<$50K6$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 36 grants of 42 (86%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
First United Methodist Church Waco, TXEducational$65,555
Baylor Scott & White - Central Texas Foundation Temple, TXEducational$46,090
Shriners Crippled Children's Hospital Tampa, FLEducational$46,090
Christian Record Braille Foundation Lincoln, NEEducational$34,883
Methodist Children's Home Waco, TXEducational$30,727
Providence Health Center Waco, TXEducational$30,727
Christian Record Services Lincoln, NEEducational$26,570
McLennan County Cardio-Pulmonary Foundation Waco, TXEducational$15,363
Austin Avenue Methodist Church Waco, TXReligous; Listtotal 56346$11,262

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K$400K2020 2021 2022 2023 2024
Metric202420232022
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

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

El & Ruth Torrance Memorial Trust's only listed officer is Community Bank Trust, Trustee on every filing since 2020 (compensated).

Officers on the 2024 filing

  • Community Bank Trust

    Trustee

    On filings since 2020

    1 hr/week

    $41K (2020) → $41K (2024)

Data from IRS Form 990 filings, 2020–2024. "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

Community Bank Trust — Trustee: $41KCommunity Bank TrustTrustee$41K

The highest reported compensation on the 2024 filing was $41K, to Community Bank Trust (Trustee).

Frequently asked questions about El & Ruth Torrance Memorial Trust

How much does El & Ruth Torrance Memorial Trust give each year?

El & Ruth Torrance Memorial Trust gave $307K across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $272K across 9 grants.

What is El & Ruth Torrance Memorial Trust's typical grant size?

El & Ruth Torrance Memorial Trust's median grant in 2024 was $30,727, and its average grant was $34,141, across 9 grants on its 2024 IRS Form 990-PF.

Where does El & Ruth Torrance Memorial Trust give grants?

El & Ruth Torrance Memorial Trust gives mostly in Texas: 65% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Nebraska (20%) and Florida (15%). The most frequent recipient cities were Waco, TX (5 grants) and Lincoln, NE (2 grants).

Does El & Ruth Torrance Memorial Trust give general operating support?

Not in 2024: none of the 9 grants with a stated purpose on El & Ruth Torrance Memorial Trust's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Educational" (8 grants).

Who are El & Ruth Torrance Memorial Trust's largest grantees?

El & Ruth Torrance Memorial Trust's largest 2024 grantees include First United Methodist Church ($65,555), Baylor Scott & White - Central Texas Foundation ($46,090) and Shriners Crippled Children's Hospital ($46,090), according to its 2024 IRS Form 990-PF. Together they received 51% of its itemized 2024 grant dollars.

How large is El & Ruth Torrance Memorial Trust?

El & Ruth Torrance Memorial Trust reported $3.5M in total assets on its 2024 IRS Form 990-PF. It paid out $307K in qualifying distributions that year, against a required minimum of $269K (roughly 5% of its investment assets).

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.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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