Henry Elm Trust
The Henry Elm Trust is an independent private foundation based in Sidney, Montana. Established in May 1964, it operates as a 501(c)(3) charitable organization with tax-exempt status. The trust manages over $1.1 million in assets and focuses its philanthropic efforts within its local community.
Key facts about Henry Elm Trust
- EIN
- 23-7418092
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $120,555
- Grants made (2024)
- 25
- Average grant
- $4,822
- Median grant
- $4,000
- Total assets
- $1,156,908
- Primary geography
- Montana (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Henry Elm Trust funds
By grant dollars, the top recipient states for Henry Elm Trust's 25 itemized 2024 grants were Montana (100%). The most frequent recipient cities were Sidney, MT (25 grants). None of its 25 grants with a stated purpose were described as general or operating support. Recurring purposes include "Scholarship" (25 grants).
How Henry Elm Trust gives
- Giving held roughly steady from 2021 to 2024 (+2%). 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.
Next steps with Henry Elm Trust
- How to evaluate Henry Elm Trust as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2M
-0.6% YoY
Annual Giving
$121K
+0.4% YoY
Grant Count
25
-16.7% YoY
Avg Grant Size
$5K
+20.5% YoY
Mission & Focus Areas
The Henry Elm Trust provides scholarship awards to graduating seniors from Richland County, Montana. The trust does not maintain a specified website or detailed subject areas of focus beyond this primary mission.
Grantmaking
The trust awarded approximately $120,000 in annual grants in 2024, distributed across 30 grants. The average grant size is approximately $20,000. The trust is open to new applicants, with approximately 12% of new applicants receiving funding.
Grant Range
is approximately $20,000. The trust is open to new applicants, with approximately 12% of new applicants receiving funding.
Average Grant
is approximately $20,000. The trust is open to new applicants, with approximately 12% of new applicants receiving funding.
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Geographic Focus
Where this funder awards grants
The trust's funding is concentrated in Sidney, Montana and Richland County, Montana, where it provides scholarships to graduating high school seniors.
Grant Distribution by State
Share of all 25 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $1,156,908
- Annual Revenue: $148,082
- Annual Expenses: $167,832
- Net Income: -$19,750
- Total Liabilities: $0
Revenue Sources (2024):
- Interest Revenue: $42,776
- Dividends: (amount not fully specified in available data)
- Contributions Received: $0
The trust's expense ratio is 120.9% of total revenue, indicating it spent more than its annual revenue in 2024.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,156,908 | $1,164,420 | $1,179,699 |
| Revenue | $148,082 | $149,488 | $221,302 |
| Expenses | $167,832 | $180,722 | $206,016 |
| Qualifying Distributions | $120,555 | $120,041 | $108,740 |
| Net Investment Income | $100,805 | $88,807 | $124,026 |
| Distributable Amount | — | — | $55,322 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
128 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Emma Doty ($11,454), Mikael Savage ($11,056), Justin Filler ($8,414).
| Recipient | Purpose | Amount |
|---|---|---|
| EMMA DOTY Sidney, MT | SCHOLARSHIP | $11,454 |
| MIKAEL SAVAGE Sidney, MT | SCHOLARSHIP | $11,056 |
| JUSTIN FILLER Sidney, MT | SCHOLARSHIP | $8,414 |
| HAILEY HOLZWORTH Sidney, MT | SCHOLARSHIP | $8,081 |
| BAYLEE SCHLOUTHER Sidney, MT | SCHOLARSHIP | $7,334 |
| KASSADEE OLSON Sidney, MT | SCHOLARSHIP | $7,141 |
| BRIANA BROST Sidney, MT | SCHOLARSHIP | $6,905 |
| GRADY GONSOROSKI Sidney, MT | SCHOLARSHIP | $6,810 |
| LAUREN BEENKEN Sidney, MT | SCHOLARSHIP | $6,325 |
| JENNA ANDERSON Sidney, MT | SCHOLARSHIP | $4,732 |
Leadership & Key People
Leadership team and compensation from IRS filings
The Henry Elm Trust is managed by two unpaid co-trustees:
- Wade Whiteman
- JD Mulkey
Both serve without compensation.
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Wade Whiteman | Co-Trustee | — | — |
| Hanna Jepson | Co-Trustee | — | — |
Contact Information
Address: 301 W Holly St, Sidney, MT 59270-3905
Telephone: 406-433-8600
Frequently Asked Questions
What does Henry Elm Trust fund?
The Henry Elm Trust provides scholarship awards to graduating seniors from Richland County, Montana. The trust does not maintain a specified website or detailed subject areas of focus beyond this primary mission.
How do I apply for a grant from Henry Elm Trust?
The trust awarded approximately $120,000 in annual grants in 2024, distributed across 30 grants. The average grant size is approximately $20,000. The trust is open to new applicants, with approximately 12% of new applicants receiving funding.
Where does Henry Elm Trust make grants?
The trust's funding is concentrated in Sidney, Montana and Richland County, Montana, where it provides scholarships to graduating high school seniors.
What size grants does Henry Elm Trust award?
In 2024, Henry Elm Trust awarded 25 grants totaling $121K — an average of about $5K per grant, based on its IRS Form 990 filings.
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 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.