J M Ragen Jr Memorial Trust
The J M Ragen Jr Memorial Trust is a private foundation based in Milwaukee, Wisconsin. Established in 1973 in Illinois, the organization operates as a 501(c)(3) tax-exempt entity and is classified as an independent foundation.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.4M
-0.4% YoY
Annual Giving
$124K
-44.2% YoY
Grant Count
20
-20.0% YoY
Avg Grant Size
$6K
-30.2% YoY
Under IRS private-foundation payout rules, J M Ragen Jr Memorial Trust reported a distributable amount of $131K for 2024 — the minimum it must pay out in qualifying distributions.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2023:
- Total Assets: $2.38 million
- Total Revenue: $230,006
- Total Expenses: $262,000
- Total Liabilities: $0
The foundation's expenses exceeded revenues in 2023, reflecting active grant distribution activity. The organization maintains a healthy asset base relative to its annual giving levels.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,367,917 | $2,376,891 | $2,410,373 |
| Revenue | $162,291 | $230,006 | $85,907 |
| Expenses | $171,280 | $262,405 | $188,797 |
| Qualifying Distributions | $129,004 | $226,642 | $145,611 |
| Net Investment Income | $124,600 | $191,448 | $47,850 |
| Distributable Amount | $130,869 | $123,742 | $132,455 |
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
114 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Fresh Start Ministries ($24,700), Joliet Catholic Academy ($9,850), Noonan Academy ($9,850).
| Recipient | Purpose | Amount |
|---|---|---|
| SORIN SOCIETY NOTRE DAME, IN | GENERAL OPERATING | $4,206 |
| CHURCH OF ST MARY LAKE FOREST, IL | GENERAL OPERATING | $3,000 |
| PREBORN INDIANAPOLIS, IN | GENERAL OPERATING | $7,207 |
| THE MAYHEW PROGRAM BRISTOL, NH | GENERAL OPERATING | $2,500 |
| GOOD SHEPHERD CENTER LOS ANGELES, CA | GENERAL OPERATING | $9,000 |
| MT CARMEL HIGH SCHOOL CHICAGO, IL | GENERAL OPERATING | $4,040 |
| FRANCES XAVIER WARD SCHOOL CHICAGO, IL | GENERAL OPERATING | $4,707 |
| FRESH START MINISTRIES ORLANDO, FL | GENERAL OPERATING | $24,700 |
| ST NORBERT PARRISH NORTHBROOK, IL | GENERAL OPERATING | $3,000 |
| NORTH SUBURBAN YMCA NORTHBROOK, IL | GENERAL OPERATING | $5,232 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| US BANK N A | TRUSTEE | 1 | $39,887 |
Contact Information
Mailing Address:
PO Box 634
Milwaukee, WI 53201-0634
Phone:
630-390-3769
EIN:
23-7444822
Frequently Asked Questions
What size grants does J M Ragen Jr Memorial Trust award?
In 2024, J M Ragen Jr Memorial Trust awarded 20 grants totaling $124K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is J M Ragen Jr Memorial Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, J M Ragen Jr Memorial Trust reported a distributable amount of $131K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is J M Ragen Jr Memorial Trust's EIN?
J M Ragen Jr Memorial Trust's EIN (Employer Identification Number) is 23-7444822. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in J M Ragen Jr Memorial 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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