El & Ruth Torrance Memorial Trust
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.
El & Ruth Torrance Memorial Trust at a glance
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.
- Annual giving (2024)
- $307,267
- +12.9% vs 2023
- Grants made (2024)
- 9
- +0.0% vs 2023
- Average grant
- $34,141
- +12.9% vs 2023
- Median grant
- $30,727
- Total assets
- $3,458,658
- -3.0% vs 2023
- Primary geography
- Texas (65% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who El & Ruth Torrance Memorial Trust funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
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
The most common grant size was under $50K: 36 grants of 42 (86%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 9 itemized grants.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $254K (2020) to $307K (2024). In 2024 it made 9 grants totaling $307K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| First United Methodist Church Waco, TX | Educational | $65,555 |
| Baylor Scott & White - Central Texas Foundation Temple, TX | Educational | $46,090 |
| Shriners Crippled Children's Hospital Tampa, FL | Educational | $46,090 |
| Christian Record Braille Foundation Lincoln, NE | Educational | $34,883 |
| Methodist Children's Home Waco, TX | Educational | $30,727 |
| Providence Health Center Waco, TX | Educational | $30,727 |
| Christian Record Services Lincoln, NE | Educational | $26,570 |
| McLennan County Cardio-Pulmonary Foundation Waco, TX | Educational | $15,363 |
| Austin Avenue Methodist Church Waco, TX | Religous; Listtotal 56346 | $11,262 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $3,458,658 | $243,943 | $351,408 | $307,267 | 9 | $307,267 | $203,186 | $268,969 |
| 2023 | $3,565,831 | $132,950 | $315,868 | $272,176 | 9 | $272,176 | $123,235 | $258,378 |
| 2022 | $3,741,327 | $146,858 | $343,496 | $278,880 | 9 | $278,880 | $100,592 | $269,660 |
| 2021 | $3,939,246 | $336,888 | $314,487 | $268,856 | 8 | $268,856 | $289,256 | $268,663 |
| 2020 | $3,917,918 | $197,018 | $302,159 | $253,904 | 7 | — | $153,318 | $267,885 |
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.
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
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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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