Ernest E Ray Trust Co Harris Private Bank
Ernest E Ray Trust Co Harris Private Bank is a private foundation, based in Chicago, IL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $531K in total assets. In 2025, it awarded 1 grant totaling $29K. Net investment income was $34K.
Ernest E Ray Trust Co Harris Private Bank at a glance
In short: Ernest E Ray Trust Co Harris Private Bank gave $29K across 1 grant in 2025 (avg $29K), mostly in Arizona. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $28,625
- +10.2% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $28,625
- +10.2% vs 2024
- Median grant
- $28,625
- Total assets
- $530,572
- +0.2% vs 2024
- Primary geography
- Arizona (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Ernest E Ray Trust Co Harris Private Bank funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Canyon State Academy Inc ($29K).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 3 grants of 4 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Ernest E Ray Trust Co Harris Private Bank gives
- Giving fell 56% from 2022 to 2025. Method
- In 2025 it paid out 97% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2019 to 2025, annual grant giving ranged from $26K (2024) to $65K (2022). In 2025 it made 1 grant totaling $29K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Canyon State Academy Inc Queen Creek, AZ | Program Support | $28,625 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $530,572 | $40,927 | $39,467 | $28,625 | 1 | $32,888 | $34,134 | $34,054 |
| 2024 | $529,312 | $39,092 | $34,731 | $25,972 | 1 | $30,095 | $34,788 | $32,748 |
| 2023 | $525,185 | $26,291 | $37,069 | $28,364 | 1 | $32,493 | $21,670 | $30,101 |
| 2022 | $535,941 | $-15,353 | $109,648 | $64,572 | 1 | $69,488 | — | $33,280 |
| 2021 | $661,303 | $143,663 | $19,269 | — | — | $5,464 | $136,547 | $39,875 |
| 2020 | $536,919 | $56,153 | $39,827 | $29,221 | 1 | — | $50,868 | $35,154 |
| 2019 | $520,462 | $28,962 | $39,426 | $29,307 | 1 | — | $23,875 | $34,142 |
Under IRS private-foundation payout rules, Ernest E Ray Trust Co Harris Private Bank reported a distributable amount of $34K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Ernest E Ray Trust Co Harris Private Bank's only listed officer is BMO Bank N A, Trustee on every filing since 2023 (compensated).
Officers on the 2025 filing
BMO Bank N A
Trustee
On filings since 2023
2 hrs/week
$8K (2023) → $8K (2025)
Former officers (3)
- Former: BMO Harris Bank N A (2022) — Trustee
- Former: BMO Harris NA (2019–2021) — Trustee
- Former: BMO Harris Bank NA (2020) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $8K, to BMO Bank N a (Trustee).
Frequently asked questions about Ernest E Ray Trust Co Harris Private Bank
How much does Ernest E Ray Trust Co Harris Private Bank give each year?
Ernest E Ray Trust Co Harris Private Bank gave $29K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $26K across 1 grant.
How large is Ernest E Ray Trust Co Harris Private Bank?
Ernest E Ray Trust Co Harris Private Bank reported $531K in total assets on its 2025 IRS Form 990-PF. It paid out $33K in qualifying distributions that year, against a required minimum of $34K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Ernest E Ray Trust Co Harris Private Bank operate?
Ernest E Ray Trust Co Harris Private Bank has awarded grants in Arizona.
What is Ernest E Ray Trust Co Harris Private Bank's EIN?
Ernest E Ray Trust Co Harris Private Bank's EIN (Employer Identification Number) is 36-6049465. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 4, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 26, 2023)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 18, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 26, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 30, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 1, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 19, 2026)
- IRS filings on file for fiscal years 2019–2024
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