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.
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
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 |
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
No grants recorded for .
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
From 2024 IRS filing
From 2024 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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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