Freda Reed Award Trust
Freda Reed Award Trust is a private foundation, based in Michigan City, IN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $33K in total assets. In 2025, it awarded 1 grant totaling $2K. Net investment income was $299.
Key facts about Freda Reed Award Trust
In short: Freda Reed Award Trust gave $2K across 1 grant in 2025 (avg $2K), mostly in Indiana. Source: 2025 IRS Form 990-PF.
- EIN
- 35-6681671
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $1,874
- Grants made (2025)
- 1
- Average grant
- $1,874
- Median grant
- $1,874
- Total assets
- $32,777
- Primary geography
- Indiana (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated October 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$33K
-4.6% YoY
Annual Giving
$2K
+2.1% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$2K
+2.1% YoY
Under IRS private-foundation payout rules, Freda Reed Award Trust reported a distributable amount of $2K for 2025 — the minimum it must pay out in qualifying distributions.
How Freda Reed Award Trust gives
- Giving fell 29% from 2022 to 2025. Method
- In 2025 it paid out 101% 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
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $2K (2024) to $3K (2021). In 2025 it made 1 grant totaling $2K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Butler University ($2K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Butler University Indianapolis, IN | Scholarship for Irving | $1,874 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $32,777 | $34,364 | $35,047 |
| Revenue | $2,180 | $2,983 | $340 |
| Expenses | $3,787 | $3,592 | $4,168 |
| Qualifying Distributions | $1,874 | $1,835 | $2,166 |
| Net Investment Income | $299 | $1,224 | — |
| Distributable Amount | $1,849 | $1,874 | $1,885 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 10, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
- Updated Form 990-PF for fiscal year 2019 (received by the IRS November 11, 2021)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 29, 2026)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
Leadership & Key People
Officers and directors from IRS filings
Freda Reed Award Trust's only listed officer is Horizon Bank, Trustee on every filing since 2022 (compensated).
Officers on the 2025 filing
Horizon Bank
Trustee
On filings since 2022
1 hr/week
$2K (2022) → $1K (2025)
Former officers (1)
- Former: Horizon Trust & Investment Manageme nt (2019–2021) — 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 $1K, to Horizon Bank (Trustee).
Frequently asked questions about Freda Reed Award Trust
How much does Freda Reed Award Trust give each year?
Freda Reed Award Trust gave $2K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $2K across 1 grant.
How large is Freda Reed Award Trust?
Freda Reed Award Trust reported $33K in total assets on its 2025 IRS Form 990-PF. It paid out $2K in qualifying distributions that year, against a required minimum of $2K (roughly 5% of its investment assets).
Where does Freda Reed Award Trust operate?
Freda Reed Award Trust has awarded grants in Indiana.
What is Freda Reed Award Trust's EIN?
Freda Reed Award Trust's EIN (Employer Identification Number) is 35-6681671. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Freda Reed Award Trust by hand.
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