The Interco Charitable Trust is a company-sponsored private foundation established in 1944 and based in St. Louis, Missouri. The trust is supported by Furniture Brands International, Inc. and its subsidiaries, which evolved from the International Shoe Company (founded in 1911, renamed Interco in 1966). The foundation distributes grants to nonprofit organizations across multiple funding areas and geographic regions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$34.0M
+3.5% YoY
Annual Giving
$3.2M
+43.1% YoY
Grant Count
54
+10.2% YoY
Avg Grant Size
$60K
+29.8% YoY
Under IRS private-foundation payout rules, Interco Charitable Trust reported a distributable amount of $3.3M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The trust supports organizations involved in:
- Arts and culture (with emphasis on performing arts and music)
- Education (particularly higher education)
- Health
- Youth development and youth services
- Human services (including homeless services)
- Science
- Religion
Grantmaking
The trust accepts unsolicited proposals. Prospective grantees are encouraged to contact the foundation directly to discuss their organization's projects in one of the trust's giving areas.
Grant Range
approximately $195
Average Grant
approximately $195
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation provides support primarily in the greater St. Louis, Missouri area, though it has expanded its reach in recent years. Geographic areas of support include:
- St. Louis, Missouri (primary focus)
- Florida (increasing support in recent years)
- Additional U.S. cities including Ann Arbor, Los Angeles, New York, and Washington, D.C.
- States with documented funding: California, Delaware, Florida, Illinois, Michigan, Missouri, New Jersey, and New York
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets:
- $34,000,000 (2024)
- $33,961,257 (2024 IRS Form 990)
- $32,817,119 (2023)
Annual Activity:
- Total revenue (2024): $5,522,902
- Total expenses (2024): $4,378,764
- Total giving (2024): $3,228,970
- Total revenue (2023): $1,691,285
Tax Status:
- EIN: 31-1593436
- Tax-exempt status granted: April 1998
- Classified as a 501(c)(3) organization
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $33,961,257 | $32,817,119 | $34,382,779 |
| Revenue | $5,522,902 | $1,691,285 | $3,631,936 |
| Expenses | $4,378,764 | $3,256,945 | $2,685,000 |
| Qualifying Distributions | $3,766,101 | $2,754,496 | $2,135,991 |
| Net Investment Income | $4,963,875 | $1,241,873 | $3,155,631 |
| Distributable Amount | $3,275,832 | $2,801,471 | $2,715,685 |
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
249 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lift for Life Academy ($275,000), Greater St Louis Inc ($250,000), Cardinal Glennon Hospital ($250,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN RED CROSS WASHINGTON, DC | EXEMPT PURPOSE | $130,000 |
| ARCH GRANTS ST LOUIS, MO | EXEMPT PURPOSE | $15,000 |
| ASSISTANCE LEAGUE OF ST LOUIS ELLISVILLE, MO | EXEMPT PURPOSE | $10,000 |
| BOY SCOUTS OF AMERICA ST LOUIS, MO | EXEMPT PURPOSE | $20,000 |
| BOYS & GIRLS CLUB OF ST LOUIS ST LOUIS, MO | EXEMPT PURPOSE | $185,000 |
| CARDINAL RITTER PREP ST LOUIS, MO | EXEMPT PURPOSE | $75,000 |
| CITY ACADEMY ST LOUIS, MO | EXEMPT PURPOSE | $75,000 |
| CORNELL UNIVERSITY ITHACA, NY | EXEMPT PURPOSE | $10,000 |
| DANFORTH PLANT SCIENCE CENTER ST LOUIS, MO | EXEMPT PURPOSE | $30,000 |
| FOREST PARK FOREVER ST LOUIS, MO | EXEMPT PURPOSE | $132,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Key personnel include:
- Michael R. Loynd (Administrator)
- Richard B. Loynd
- Walter Galvin
- Ann Liberman
- Doug Hill
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD B LOYND | CO-TRUSTEE | 1 | $4,000 |
| MICHAEL R LOYND | ADMINISTRATOR | 30 | $342,520 |
| WALTER GALVIN | CO-TRUSTEE | 1 | $4,000 |
| ANN LIBERMAN | CO-TRUSTEE | 1 | $4,000 |
| DOUG HILL | CO-TRUSTEE | 1 | $4,000 |
Recent News & Activity
Recent developments and announcements
The trust has demonstrated consistent grantmaking activity with particular support for higher education institutions in Missouri, including Washington University, St. Louis University, University of Missouri–St. Louis, Webster University, and Florida State University. Recent years have shown increasing philanthropic support directed toward Florida-based nonprofits alongside continued investment in St. Louis area organizations.
Tag Archives: St. Louis - Kranzberg Arts FoundationSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Interco Charitable Trust fund?
The trust supports organizations involved in: • Arts and culture (with emphasis on performing arts and music) • Education (particularly higher education) • Health • Youth development and youth services • Human services (including homeless services) • Science • Religion
How do I apply for a grant from Interco Charitable Trust?
**Grant Characteristics:** • Typical award range: $1,000–$420,000 • Average grant size: approximately $195 • The foundation accepts unsolicited proposals **Recent Activity:** • Total giving in 2024: $3,228,970 • Total giving in 2023: approximately $3,256,945 • The foundation does not maintain a website or publish formal funding priorities **Application Process:** The trust accepts unsolicited proposals. Prospective grantees are encouraged to contact the foundation directly to discuss their orga…
Where does Interco Charitable Trust make grants?
The foundation provides support primarily in the greater St. Louis, Missouri area, though it has expanded its reach in recent years. Geographic areas of support include: • St. Louis, Missouri (primary focus) • Florida (increasing support in recent years) • Additional U.S. cities including Ann Arbor, Los Angeles, New York, and Washington, D.C. • States with documented funding: California, Delaware, Florida, Illinois, Michigan, Missouri, New Jersey, and New York
What size grants does Interco Charitable Trust award?
In 2024, Interco Charitable Trust awarded 54 grants totaling $3.2M — an average of about $60K per grant, based on its IRS Form 990 filings.
How much is Interco Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Interco Charitable Trust reported a distributable amount of $3.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Interco Charitable Trust's EIN?
Interco Charitable Trust's EIN (Employer Identification Number) is 31-1593436. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Interco Charitable Trust's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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