Henry Elm Trust
The Henry Elm Trust is a private foundation based in Sidney, Montana. It makes scholarship awards to outstanding high school graduates, with awards restricted to graduating seniors who are Richland County residents.
Henry Elm Trust at a glance
In short: Henry Elm Trust gave $76K across 21 grants in 2025 (avg $4K), mostly in Montana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $76,324
- -36.7% vs 2024
- Grants made (2025)
- 21
- -16.0% vs 2024
- Average grant
- $3,634
- -24.6% vs 2024
- Median grant
- $3,716
- Total assets
- $1,182,419
- +2.2% vs 2024
- Primary geography
- Montana (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Henry Elm Trust
- Review Cycle
- None listed on the filing.
- Deadline
- None listed on the filing.
- Contact
Application contact: Wade Whiteman
Mailing address: 301 West Holly St, Sidney, MT 59270
Phone: (406) 433-8600
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Henry Elm Trust funds
How this funder distributes its grants
Grant Size Distribution
128 grants across all recorded years
The most common grant size was under $50K: 128 grants of 128 (100%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2025 went to recipients in Montana. The filing restricts scholarship awards to graduating seniors who reside in Richland County.
Grant Distribution by State
Share of 2025 grant dollars across all 21 itemized grants.
States
Cities
How Henry Elm Trust gives
- Giving fell 30% from 2022 to 2025. Method
- In 2022 it paid out 197% 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 2020 to 2025, annual grant giving ranged from $76K (2025) to $140K (2020). In 2025 it made 21 grants totaling $76K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 21 individual scholarships Recipients not named | — | $76,324 |
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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 | $1,182,419 | $131,635 | $116,149 | $76,324 | 21 | $76,324 | $91,810 | — |
| 2024 | $1,156,908 | $148,082 | $167,832 | $120,555 | 25 | $120,555 | $100,805 | — |
| 2023 | $1,164,420 | $149,488 | $180,722 | $120,041 | 30 | $120,041 | $88,807 | — |
| 2022 | $1,179,699 | $221,302 | $206,016 | $108,740 | 29 | $108,740 | $124,026 | $55,322 |
| 2021 | $1,136,871 | $172,498 | $191,573 | $117,634 | 23 | $117,634 | $98,559 | $53,951 |
| 2020 | $1,135,192 | $106,988 | $188,700 | $140,064 | 21 | — | $58,352 | $56,217 |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The trust’s stated direct charitable activity is providing scholarship awards to outstanding high school graduates. Its filing identifies individual scholarship recipients rather than organizational grantees.
Grantmaking
In filing year 2025, the trust made 21 grants totaling $76,324. Grant amounts ranged from $482 to $8,324, with a median of $3,716. The largest listed awards were scholarships to individual recipients: $8,324, $7,633, and $7,006.
The filing states that the trust does not restrict giving to preselected organizations. To apply, contact Wade Whiteman. No form or other materials are required, and awards are restricted to Richland County residents who are high school graduating seniors.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Wade Whiteman and Hanna Jepson as co-trustees.
Henry Elm Trust's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Wade Whiteman
Co-Trustee
On filings since 2020
No compensation reported
Hanna Jepson
Co-Trustee
On filings since 2024
No compensation reported
Former officers (1)
- Former: Jd Mulkey (2020–2023) — Co-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.
Frequently asked questions about Henry Elm Trust
How much does Henry Elm Trust give each year?
Henry Elm Trust gave $76K across 21 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $121K across 25 grants.
What is Henry Elm Trust's typical grant size?
Henry Elm Trust's median grant in 2025 was $3,716, and its average grant was $3,634, across 21 grants on its 2025 IRS Form 990-PF.
Where does Henry Elm Trust give grants?
Henry Elm Trust gives mostly in Montana: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Henry Elm Trust give general operating support?
Not in 2025: none of the 21 grants with a stated purpose on Henry Elm Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (21 grants).
How large is Henry Elm Trust?
Henry Elm Trust reported $1.2M in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $132K.
What does Henry Elm Trust fund?
The trust’s stated direct charitable activity is providing scholarship awards to outstanding high school graduates. Its filing identifies individual scholarship recipients rather than organizational grantees. See mission & focus areas ↑
How do I apply for a grant from Henry Elm Trust?
Henry Elm Trust has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is Henry Elm Trust's EIN?
Henry Elm Trust's EIN (Employer Identification Number) is 23-7418092. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 23, 2026)
- IRS filings on file for fiscal years 2020–2024
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