Karl Gassert Charitable Trust XXXXX1001
Karl Gassert Charitable Trust XXXXX1001 is a private foundation focused on Human services, based in Chicago, IL. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $2.6M in total assets. In 2026, it awarded 1 grant totaling $138K. Net investment income was $403K.
Key facts about Karl Gassert Charitable Trust XXXXX1001
In short: Karl Gassert Charitable Trust XXXXX1001 gave $138K across 1 grant in 2026 (avg $138K), mostly in Indiana. Source: 2026 IRS Form 990-PF.
- EIN
- 35-6336608
- Latest 990 filing
- Form 990-PF, 2026
- Annual giving (2026)
- $137,674
- Grants made (2026)
- 1
- Average grant
- $137,674
- Median grant
- $137,674
- Total assets
- $2,573,228
- Primary geography
- Indiana (100% of itemized 2026 grant dollars)
Data from IRS Form 990-PF, 2026; updated October 2026.
Financial Overview
From 2026 IRS Form 990-PF · View filing
Total Assets
$2.6M
+10.6% YoY
Annual Giving
$138K
+0.8% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$138K
+0.8% YoY
Under IRS private-foundation payout rules, Karl Gassert Charitable Trust XXXXX1001 reported a distributable amount of $176K for 2026 — the minimum it must pay out in qualifying distributions.
How Karl Gassert Charitable Trust XXXXX1001 gives
- Giving held roughly steady from 2023 to 2026 (−3%). Method
- In 2026 it paid out 88% 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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2026 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2026, annual grant giving ranged from $118K (2021) to $143K (2023). In 2026 it made 1 grant totaling $138K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2026
The largest 2026 recipient was Central Indiana Community FDNINC ($138K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $100–250K range: 5 grants of 5 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Central Indiana Community FDNINC Indianapolis, IN | General | $137,674 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2026 | 2025 | 2024 |
|---|---|---|---|
| Total Assets | $2,573,228 | $2,327,307 | $2,359,835 |
| Revenue | $416,071 | $135,731 | $146,242 |
| Expenses | $170,151 | $168,996 | $152,379 |
| Qualifying Distributions | $155,174 | $154,103 | $139,972 |
| Net Investment Income | $402,724 | $123,598 | $130,041 |
| Distributable Amount | $176,454 | $164,708 | $141,761 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 4, 2021)
- Added Form 990-PF for fiscal year 2026 (received by the IRS July 30, 2026)
- IRS filings on file for fiscal years 2021–2025
Leadership & Key People
Officers and directors from IRS filings
Karl Gassert Charitable Trust XXXXX1001's only listed officer is JP Morgan Chase Bank NA, Trustee on every filing since 2022 (compensated).
Officers on the 2026 filing
JP Morgan Chase Bank NA
Trustee
On filings since 2022
2 hrs/week
$29K (2022) → $31K (2026)
Former officers (1)
- Former: JP Morgan Chase Bank N A (2021) — Trustee
Data from IRS Form 990 filings, 2021–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2026 IRS filing
The highest reported compensation on the 2026 filing was $31K, to JP Morgan Chase Bank NA (Trustee).
Frequently asked questions about Karl Gassert Charitable Trust XXXXX1001
How much does Karl Gassert Charitable Trust XXXXX1001 give each year?
Karl Gassert Charitable Trust XXXXX1001 gave $138K across 1 grant in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $137K across 1 grant.
How large is Karl Gassert Charitable Trust XXXXX1001?
Karl Gassert Charitable Trust XXXXX1001 reported $2.6M in total assets on its 2026 IRS Form 990-PF. It paid out $155K in qualifying distributions that year, against a required minimum of $176K (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.
What is Karl Gassert Charitable Trust XXXXX1001?
Karl Gassert Charitable Trust XXXXX1001 is a private foundation focused on Human services, based in Chicago, IL. It holds $2.6M in total assets as of 2026.
Where does Karl Gassert Charitable Trust XXXXX1001 operate?
Karl Gassert Charitable Trust XXXXX1001 has awarded grants in Indiana.
What is Karl Gassert Charitable Trust XXXXX1001's EIN?
Karl Gassert Charitable Trust XXXXX1001's EIN (Employer Identification Number) is 35-6336608. IRS Form 990 filing data is available on this page for 2021–2026.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Karl Gassert Charitable Trust XXXXX1001 by hand.
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