Glenn E & Bessie R Costello Trust
Glenn E & Bessie R Costello Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CARROLLTON, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $304K in total assets. In 2024, it awarded 2 grants totaling $18K. Net investment income was $9K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$304K
-3.1% YoY
Annual Giving
$18K
+70.1% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$9K
-14.9% YoY
Under IRS private-foundation payout rules, Glenn E & Bessie R Costello Trust reported a distributable amount of $15K for 2024 — the minimum it must pay out in qualifying distributions.
About Glenn E & Bessie R Costello Trust
Based on IRS filings
Glenn E & Bessie R Costello Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CARROLLTON, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $304K in total assets. In 2024, it awarded 2 grants totaling $18K. Net investment income was $9K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $303,604 | $313,328 | $315,748 |
| Revenue | $8,737 | $8,570 | $2,607 |
| Expenses | $18,461 | $10,990 | $12,065 |
| Qualifying Distributions | $17,877 | $10,509 | $11,592 |
| Net Investment Income | $8,722 | $8,555 | $2,557 |
| Distributable Amount | $15,091 | $15,377 | $15,767 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include 9 Local Churches ($15,377), Medical Expenses ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| 9 LOCAL CHURCHES CARROLLTON, IL | CHARITABLE PROGRAMS | $15,377 |
| MEDICAL EXPENSES CARROLLTON, IL | CHARITABLE PROGRAMS | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD GILLINGHAM | TREASURER | — | — |
| ANDREW KANP | PRESIDENT | — | — |
| JANET GOBEN | VICE PRESIDENT | — | — |
| CARLA WINTERS | SECRETARY | — | — |
| LISA MEISENHEIMER | DIRECTOR | — | — |
| DEB VERITY | DIRECTOR | — | — |
| PAM KELLER | DIRECTOR | — | — |
| CORY RIMBEY | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Glenn E & Bessie R Costello Trust?
Glenn E & Bessie R Costello Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CARROLLTON, IL. It holds $304K in total assets as of 2024.
How large is Glenn E & Bessie R Costello Trust?
As of 2024, Glenn E & Bessie R Costello Trust holds $304K in total assets with $9K in annual revenue. It awarded 2 grants totaling $18K in 2024.
Where does Glenn E & Bessie R Costello Trust operate?
Glenn E & Bessie R Costello Trust has awarded grants in Illinois.
What size grants does Glenn E & Bessie R Costello Trust award?
In 2024, Glenn E & Bessie R Costello Trust awarded 2 grants totaling $18K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Glenn E & Bessie R Costello Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Glenn E & Bessie R Costello Trust reported a distributable amount of $15K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Glenn E & Bessie R Costello Trust's EIN?
Glenn E & Bessie R Costello Trust's EIN (Employer Identification Number) is 37-6363926. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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