Gladys E Knowles Charitable Trust
Gladys E Knowles Charitable Trust is a private foundation, based in Eagan, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.0M in total assets. In 2025, it awarded 5 grants totaling $116K. Net investment income was $170K.
Gladys E Knowles Charitable Trust at a glance
In short: Gladys E Knowles Charitable Trust gave $116K across 5 grants in 2025 (avg $23K), mostly in Montana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $115,823
- +20.3% vs 2024
- Grants made (2025)
- 5
- +0.0% vs 2024
- Average grant
- $23,165
- +20.3% vs 2024
- Median grant
- $16,215
- Total assets
- $2,046,985
- +2.5% vs 2024
- Primary geography
- Montana (87% 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 Gladys E Knowles Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was St Lukes Episcopal Church ($35K). Together the top 5 received $116K.
Grant Size Distribution
26 grants across all recorded years
The most common grant size was under $50K: 22 grants of 26 (85%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How Gladys E Knowles Charitable Trust gives
- Giving fell 44% from 2022 to 2025. Method
- In 2025 it paid out 103% 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 2019 to 2025, annual grant giving ranged from $96K (2024) to $207K (2022). In 2025 it made 5 grants totaling $116K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Lukes Episcopal Church Billings, MT | General Operating | $34,747 |
| Big Horn Cnty Memorial Hosp Hardin, MT | General Operating | $34,747 |
| Yellowstone Boys & Girls Ranch Fdn Billings, MT | General Operating | $16,215 |
| International Peace Des Moines, IA | Scholarship | $15,057 |
| Rocky Mountain College Billings, MT | General Operating | $15,057 |
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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 | $2,046,985 | $205,863 | $154,794 | $115,823 | 5 | $120,925 | $169,577 | $117,841 |
| 2024 | $1,997,564 | $140,730 | $139,507 | $96,274 | 5 | $101,274 | $107,772 | $113,835 |
| 2023 | $1,996,338 | $255,744 | $222,135 | $186,105 | 5 | $190,930 | $222,188 | $107,863 |
| 2022 | $1,962,793 | $86,934 | $249,557 | $206,657 | 5 | $212,250 | $53,438 | $121,116 |
| 2021 | $2,125,441 | $260,648 | $149,526 | $104,000 | 6 | $110,011 | $223,841 | $138,717 |
| 2020 | $2,014,324 | $201,375 | $136,769 | $99,680 | 5 | — | $169,693 | $117,489 |
| 2019 | $1,949,743 | $131,736 | $141,457 | $98,241 | 5 | — | $100,489 | $117,551 |
Under IRS private-foundation payout rules, Gladys E Knowles Charitable Trust reported a distributable amount of $118K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Gladys E Knowles Charitable Trust's only listed officer is US Bank N A, Trustee on every filing since 2019 (compensated).
Officers on the 2025 filing
US Bank N A
Trustee
On filings since 2019
1 hr/week
$34K (2019) → $36K (2025)
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 $36K, to US Bank N a (Trustee).
Frequently asked questions about Gladys E Knowles Charitable Trust
How much does Gladys E Knowles Charitable Trust give each year?
Gladys E Knowles Charitable Trust gave $116K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $96K across 5 grants.
What is Gladys E Knowles Charitable Trust's typical grant size?
Gladys E Knowles Charitable Trust's median grant in 2025 was $16,215, and its average grant was $23,165, across 5 grants on its 2025 IRS Form 990-PF.
Where does Gladys E Knowles Charitable Trust give grants?
Gladys E Knowles Charitable Trust gives mostly in Montana: 87% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Iowa (13%). The most frequent recipient cities were Billings, MT (3 grants).
Does Gladys E Knowles Charitable Trust give general operating support?
Yes: 80% of Gladys E Knowles Charitable Trust's 2025 grants with a stated purpose (4 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Gladys E Knowles Charitable Trust's largest grantees?
Gladys E Knowles Charitable Trust's largest 2025 grantees include St Lukes Episcopal Church ($34,747), Big Horn Cnty Memorial Hosp ($34,747) and Yellowstone Boys & Girls Ranch Fdn ($16,215), according to its 2025 IRS Form 990-PF. Together they received 74% of its itemized 2025 grant dollars.
How large is Gladys E Knowles Charitable Trust?
Gladys E Knowles Charitable Trust reported $2.0M in total assets on its 2025 IRS Form 990-PF. It paid out $121K in qualifying distributions that year, against a required minimum of $118K (roughly 5% of its investment assets).
What is Gladys E Knowles Charitable Trust's EIN?
Gladys E Knowles Charitable Trust's EIN (Employer Identification Number) is 81-0423029. 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
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 8, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 5, 2024)
Explore Open Grants
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