Jessie Reed Millis Trust Dtd 51866
Jessie Reed Millis Trust Dtd 51866 is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Chicago, IL. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $331K in total assets. In 2024, it awarded 1 grant totaling $20K. Net investment income was $19K.
Key facts about Jessie Reed Millis Trust Dtd 51866
- EIN
- 35-6059069
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $19,825
- Grants made (2024)
- 1
- Average grant
- $19,825
- Median grant
- $19,825
- Total assets
- $330,862
- Primary geography
- Indiana (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
How Jessie Reed Millis Trust Dtd 51866 gives
- Giving held roughly steady from 2021 to 2024 (+3%). Method
- In 2024 it paid out 89% 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-PF filings. Methodology.
Next steps with Jessie Reed Millis Trust Dtd 51866
- How to evaluate Jessie Reed Millis Trust Dtd 51866 as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$331K
-1.4% YoY
Annual Giving
$20K
-2.4% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$20K
-2.4% YoY
Under IRS private-foundation payout rules, Jessie Reed Millis Trust Dtd 51866 reported a distributable amount of $25K for 2024 — the minimum it must pay out in qualifying distributions.
About Jessie Reed Millis Trust Dtd 51866
Based on IRS filings
Jessie Reed Millis Trust Dtd 51866 is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Chicago, IL. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $331K in total assets. In 2024, it awarded 1 grant totaling $20K. Net investment income was $19K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $330,862 | $335,617 | $340,980 |
| Revenue | $21,925 | $20,297 | $10,253 |
| Expenses | $26,119 | $25,578 | $28,166 |
| Qualifying Distributions | $22,665 | $22,792 | $24,772 |
| Net Investment Income | $18,824 | $16,780 | $8,137 |
| Distributable Amount | $25,417 | $22,306 | $22,897 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2019–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Riley Children Foundation ($19,825).
| Recipient | Purpose | Amount |
|---|---|---|
| RILEY CHILDREN FOUNDATION Indianapolis, IN | GENERAL | $19,825 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2019 IRS filing
From 2019 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JP Morgan Chase Bank N a | Trustee | 2 | $5,548 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Jessie Reed Millis Trust Dtd 51866?
Jessie Reed Millis Trust Dtd 51866 is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Chicago, IL. It holds $331K in total assets as of 2024.
How large is Jessie Reed Millis Trust Dtd 51866?
As of 2024, Jessie Reed Millis Trust Dtd 51866 holds $331K in total assets with $22K in annual revenue. It awarded 1 grant totaling $20K in 2024.
Where does Jessie Reed Millis Trust Dtd 51866 operate?
Jessie Reed Millis Trust Dtd 51866 has awarded grants in Indiana.
What size grants does Jessie Reed Millis Trust Dtd 51866 award?
In 2024, Jessie Reed Millis Trust Dtd 51866 awarded 1 grant totaling $20K — an average of about $20K per grant, based on its IRS Form 990 filings.
How much is Jessie Reed Millis Trust Dtd 51866 required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Jessie Reed Millis Trust Dtd 51866 reported a distributable amount of $25K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Jessie Reed Millis Trust Dtd 51866's EIN?
Jessie Reed Millis Trust Dtd 51866's EIN (Employer Identification Number) is 35-6059069. IRS Form 990 filing data is available on this page for 2019–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.