Harry L Paul Trust Under Will
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.
Harry L Paul Trust Under Will at a glance
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.
- Annual giving (2025)
- $19,500
- -22.0% vs 2024
- Grants made (2025)
- 5
- +0.0% vs 2024
- Average grant
- $3,900
- -22.0% vs 2024
- Median grant
- $3,900
- Total assets
- $455,012
- +0.9% vs 2024
- Primary geography
- Iowa (80% 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 Harry L Paul Trust Under Will funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Iowa River Hospice ($4K). Together the top 5 received $20K.
Grant Size Distribution
24 grants across all recorded years
The most common grant size was under $50K: 24 grants of 24 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $20K (2025) to $31K (2020). In 2025 it made 5 grants totaling $20K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Iowa River Hospice Marshalltown, IA | Program Support | $3,900 |
| MCC Foundation Marshalltown, IA | Program Support | $3,900 |
| Quakerdale New Providence, IA | Program Support | $3,900 |
| Salvation Army Marshalltown, IA | Program Support | $3,900 |
| American Red Cross Washington, DC | Program Support | $3,900 |
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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 | $455,012 | $31,056 | $26,862 | $19,500 | 5 | $22,188 | $26,831 | $24,951 |
| 2024 | $450,754 | $28,461 | $31,879 | $25,000 | 5 | $27,551 | $23,358 | $24,227 |
| 2023 | $456,097 | $17,554 | $26,424 | $20,000 | 5 | $22,637 | $14,611 | $23,317 |
| 2022 | $465,244 | $19,101 | $29,674 | $22,000 | 4 | $23,994 | $14,952 | $24,556 |
| 2021 | $474,756 | $58,958 | $36,257 | $30,000 | 5 | $30,000 | $52,195 | $25,787 |
| 2020 | $452,055 | $19,463 | $38,018 | $31,050 | 5 | — | $12,495 | $25,817 |
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.
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
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.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 7, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 6, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 7, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Harry L Paul Trust Under Will funds
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