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.
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.
About El & Ruth Torrance Memorial Trust
Based on IRS filings
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| 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.
Explore Open Grants
Browse active grant opportunities in El & Ruth Torrance Memorial Trust's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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