Jack & Nancy Ragland Memorial Trust
Jack & Nancy Ragland Memorial Trust is a private foundation, based in Orlando, FL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.6M in total assets. In 2025, it awarded 1 grant totaling $69K. Net investment income was $91K.
Jack & Nancy Ragland Memorial Trust at a glance
In short: Jack & Nancy Ragland Memorial Trust gave $69K across 1 grant in 2025 (avg $69K), mostly in Kentucky. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $68,520
- -0.3% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $68,520
- -0.3% vs 2024
- Median grant
- $68,520
- Total assets
- $1,635,481
- +0.9% vs 2024
- Primary geography
- Kentucky (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.
Who Jack & Nancy Ragland Memorial Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was The Greater Clark Foundation ($69K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $50–100K range: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Jack & Nancy Ragland Memorial Trust gives
- Giving fell 49% from 2022 to 2025. Method
- In 2025 it paid out 85% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $24K (2021) to $135K (2022). In 2025 it made 1 grant totaling $69K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Greater Clark Foundation Winchester, KY | General Operating | $68,520 |
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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 | $1,635,481 | $96,404 | $82,306 | $68,520 | 1 | $75,672 | $90,716 | $89,055 |
| 2024 | $1,621,471 | $105,176 | $93,214 | $68,741 | 1 | $85,211 | $91,156 | $84,989 |
| 2023 | $1,608,707 | $108,080 | $70,482 | $55,145 | 1 | $63,311 | $100,694 | $76,907 |
| 2022 | $1,572,676 | $60,240 | $160,255 | $135,450 | 1 | $144,518 | $50,254 | $81,242 |
| 2021 | $1,672,686 | $216,105 | $50,691 | $23,578 | 1 | $10,146 | $205,381 | $87,960 |
| 2020 | $1,505,924 | $29,729 | $46,144 | $28,615 | 1 | — | $26,020 | $77,494 |
| 2019 | $1,522,359 | $49,185 | $48,385 | $30,369 | 1 | — | $49,185 | — |
Under IRS private-foundation payout rules, Jack & Nancy Ragland Memorial Trust reported a distributable amount of $89K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Jack & Nancy Ragland Memorial Trust's only listed officer is Truist Bank, Trustee on every filing since 2021 (compensated).
Officers on the 2025 filing
Truist Bank
Trustee
On filings since 2021
2 hrs/week
$20K (2021) → $10K (2025)
Former officers (2)
- Former: Branch Banking AND Trust Company (2020) — Trustee
- Former: Branch Banking & Trust Company (2019) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $10K, to Truist Bank (Trustee).
Frequently asked questions about Jack & Nancy Ragland Memorial Trust
How much does Jack & Nancy Ragland Memorial Trust give each year?
Jack & Nancy Ragland Memorial Trust gave $69K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $69K across 1 grant.
How large is Jack & Nancy Ragland Memorial Trust?
Jack & Nancy Ragland Memorial Trust reported $1.6M in total assets on its 2025 IRS Form 990-PF. It paid out $76K in qualifying distributions that year, against a required minimum of $89K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Jack & Nancy Ragland Memorial Trust operate?
Jack & Nancy Ragland Memorial Trust has awarded grants in Kentucky.
What is Jack & Nancy Ragland Memorial Trust's EIN?
Jack & Nancy Ragland Memorial Trust's EIN (Employer Identification Number) is 61-6040373. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS May 6, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 27, 2026)
- IRS filings on file for fiscal years 2020–2024
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