Heard Craig Women's Club Trust
Heard Craig Women's Club Trust is a private foundation, based in McKinney, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.9M in total assets. In 2024, it made $246K in qualifying distributions. Net investment income was $109K.
Heard Craig Women's Club Trust at a glance
- Total assets
- $5,869,832
- +70.7% vs 2023
- Revenue (2024)
- $2,420,693
- +1062.1% vs 2023
- Qualifying distributions (2024)
- $245,839
- Expenses (2024)
- $317,109
- +2918.4% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Heard Craig Women's Club Trust funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Heard Craig Women's Club Trust gives
- In 2024 it paid out 101% 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
In 2021 it made 1 grant totaling $1K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 grant to individuals Recipients not named | — | $1,300 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $5,869,832 | $2,420,693 | $317,109 | — | — | $245,839 | $108,867 | $242,299 |
| 2023 | $3,438,661 | $208,305 | $10,506 | — | — | — | $62,532 | $190,977 |
| 2022 | $3,240,862 | $367,267 | $298,754 | — | — | $220,546 | $33,190 | $171,389 |
| 2021 | $3,229,186 | $334,765 | $238,247 | $1,300 | 1 | $172,849 | $90,307 | — |
| 2020 | $3,354,408 | $268,425 | $225,487 | — | — | — | $100,275 | $79,585 |
Under IRS private-foundation payout rules, Heard Craig Women's Club Trust reported a distributable amount of $242K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Heard Craig Women's Club Trust is led by Karen Zupanic, Executive Director since 2021 (on filings since 2020); 1 of 8 officers listed in 2024 is compensated.
Officers on the 2024 filing
Karen Zupanic
Executive Director
Executive Di → Executive Director, 2021
On filings since 2020
$76K (2020) → $82K (2024)
Kim Norton
President
Trustee → Vice President, 2022
Vice President → President, 2024
On filings since 2020
1 hr/week
No compensation reported
Brenda Tullous
Trustee
On filings since 2020
1 hr/week
No compensation reported
Bruce Quernemoen
Trustee
New on the 2024 filing
1 hr/week
No compensation reported
Guy Giersch
Trustee
New on the 2024 filing
1 hr/week
No compensation reported
Shannon Burton
Secretary
On filings since 2020
1 hr/week
No compensation reported
Barbara Kelly
Treasurer
New on the 2024 filing
1 hr/week
No compensation reported
Karla Peska
Vice President
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (5)
- Former: Judy Edenburn (2020–2023) — Trustee
- Former: Nate Pike (2020–2023) — Treasurer
- Former: Stephanie Tyson (2020–2023) — President
- Former: Beth Mortenson (2022–2023) — Trustee
- Former: Amy Smith (2020–2021) — Trustee
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $82K, to Karen Zupanic (Executive Director).
Frequently asked questions about Heard Craig Women's Club Trust
How large is Heard Craig Women's Club Trust?
Heard Craig Women's Club Trust reported $5.9M in total assets on its 2024 IRS Form 990-PF. It paid out $246K in qualifying distributions that year, against a required minimum of $242K (roughly 5% of its investment assets).
Where does Heard Craig Women's Club Trust operate?
Heard Craig Women's Club Trust has awarded grants in Texas.
What is Heard Craig Women's Club Trust's EIN?
Heard Craig Women's Club Trust's EIN (Employer Identification Number) is 75-1362043. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Browse active grant opportunities in Heard Craig Women's Club Trust's focus areas in our free grants database
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