Harry L Paul Trust Under Will

Private foundation · Grantmaker Billings, MT EIN: 42-6594811

Harry L Paul Trust Under Will is a private foundation, based in Billings, MT. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $455K in total assets. In 2025, it awarded 5 grants totaling $20K. Net investment income was $27K.

Key facts about Harry L Paul Trust Under Will

In short: Harry L Paul Trust Under Will gave $20K across 5 grants in 2025 (avg $4K), mostly in Iowa. Source: 2025 IRS Form 990-PF.

EIN
42-6594811
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$19,500
Grants made (2025)
5
Average grant
$3,900
Median grant
$3,900
Total assets
$455,012
Primary geography
Iowa (80% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$455K

+0.9% YoY

Annual Giving

$20K

-22.0% YoY

Grant Count

5

+0.0% YoY

Avg Grant Size

$4K

-22.0% YoY

Under IRS private-foundation payout rules, Harry L Paul Trust Under Will reported a distributable amount of $25K for 2025 — the minimum it must pay out in qualifying distributions.

How Harry L Paul Trust Under Will gives

  • Giving held roughly steady from 2022 to 2025 (−11%). Method
  • In 2025 it paid out 89% 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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2025 grant dollars across all 5 itemized grants.

Cities

MarshalltownNew ProvidenceWashingtonDes Moines

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K$40K5 grants2020 5 grants2021 4 grants2022 5 grants2023 5 grants2024 5 grants2025

From 2020 to 2025, annual grant giving ranged from $20K (2025) to $31K (2020). In 2025 it made 5 grants totaling $20K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2025

Iowa River Hospice: $4KIowa River Hospice$4KMCC Foundation: $4KMCC Foundation$4KQuakerdale: $4KQuakerdale$4KSalvation Army: $4KSalvation Army$4KAmerican Red Cross: $4KAmerican Red Cross$4K

The largest 2025 recipient was Iowa River Hospice ($4K). Together the top 5 received $20K.

Grant Size Distribution

24 grants across all recorded years

24<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 24 grants of 24 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Iowa River Hospice Marshalltown, IAProgram Support$3,900
MCC Foundation Marshalltown, IAProgram Support$3,900
Quakerdale New Providence, IAProgram Support$3,900
Salvation Army Marshalltown, IAProgram Support$3,900
American Red Cross Washington, DCProgram Support$3,900

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$20K$40K$60K$80K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$455,012$450,754$456,097
Revenue$31,056$28,461$17,554
Expenses$26,862$31,879$26,424
Qualifying Distributions$22,188$27,551$22,637
Net Investment Income$26,831$23,358$14,611
Distributable Amount$24,951$24,227$23,317

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 7, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 6, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 7, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
  7. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Harry L Paul Trust Under Will's only listed officer is First Interstate Bank, Trustee on every filing since 2022 (compensated).

Officers on the 2025 filing

  • First Interstate Bank

    Trustee

    On filings since 2022

    3 hrs/week

    $5K (2022) → $5K (2025)

Former officers (1)
  • Former: Great Western Wealth Management (2020–2022) — Prior Trustee

Data from IRS Form 990 filings, 2020–2025. "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

First Interstate Bank — Trustee: $5KFirst Interstate BankTrustee$5K

The highest reported compensation on the 2025 filing was $5K, to First Interstate Bank (Trustee).

Frequently asked questions about Harry L Paul Trust Under Will

How much does Harry L Paul Trust Under Will give each year?

Harry L Paul Trust Under Will gave $20K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $25K across 5 grants.

What is Harry L Paul Trust Under Will's typical grant size?

Harry L Paul Trust Under Will's median grant in 2025 was $3,900, and its average grant was $3,900, across 5 grants on its 2025 IRS Form 990-PF.

Where does Harry L Paul Trust Under Will give grants?

Harry L Paul Trust Under Will gives mostly in Iowa: 80% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was District of Columbia (20%). The most frequent recipient cities were Marshalltown, IA (3 grants).

Does Harry L Paul Trust Under Will give general operating support?

Not in 2025: none of the 5 grants with a stated purpose on Harry L Paul Trust Under Will's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Program Support" (5 grants).

Who are Harry L Paul Trust Under Will's largest grantees?

Harry L Paul Trust Under Will's largest 2025 grantees include Iowa River Hospice ($3,900), MCC Foundation ($3,900) and Quakerdale ($3,900), according to its 2025 IRS Form 990-PF. Together they received 60% of its itemized 2025 grant dollars.

How large is Harry L Paul Trust Under Will?

Harry L Paul Trust Under Will reported $455K in total assets on its 2025 IRS Form 990-PF. It paid out $22K in qualifying distributions that year, against a required minimum of $25K (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.

What is Harry L Paul Trust Under Will's EIN?

Harry L Paul Trust Under Will's EIN (Employer Identification Number) is 42-6594811. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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