Laurence & Lydia Baltes Charitable US Bank
Laurence & Lydia Baltes Charitable US Bank is a private foundation focused on Human services, based in Milwaukee, WI. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $649K in total assets. In 2024, it awarded 1 grant totaling $28K. Net investment income was $17K.
Laurence & Lydia Baltes Charitable US Bank at a glance
In short: Laurence & Lydia Baltes Charitable US Bank gave $28K across 1 grant in 2024 (avg $28K), mostly in Nebraska. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $27,630
- -5.4% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $27,630
- -5.4% vs 2023
- Median grant
- $27,630
- Total assets
- $648,797
- -2.1% vs 2023
- Primary geography
- Nebraska (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Laurence & Lydia Baltes Charitable US Bank funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Panhandle Shrine Club ($28K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Laurence & Lydia Baltes Charitable US Bank gives
- Giving held roughly steady from 2021 to 2024 (−10%). Method
- In 2024 it paid out 96% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $27K (2019) to $32K (2022). In 2024 it made 1 grant totaling $28K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Panhandle Shrine Club Scottsbluff, NE | General Operating | $27,630 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $648,797 | $25,629 | $39,354 | $27,630 | 1 | $31,590 | $16,503 | $32,871 |
| 2023 | $662,986 | $16,337 | $41,832 | $29,198 | 1 | $31,885 | $10,148 | $30,317 |
| 2022 | $688,481 | $125,814 | $45,859 | $31,622 | 1 | $34,230 | $117,388 | $31,806 |
| 2021 | $608,526 | $129,641 | $42,704 | $30,672 | 1 | $33,430 | $120,367 | $34,380 |
| 2020 | $521,589 | $18,500 | $37,568 | $27,481 | 1 | — | $10,795 | $33,054 |
| 2019 | $540,657 | $12,021 | $39,121 | $27,219 | 1 | — | $7,885 | $29,802 |
Under IRS private-foundation payout rules, Laurence & Lydia Baltes Charitable US Bank reported a distributable amount of $33K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Laurence & Lydia Baltes Charitable US Bank's only listed officer is US Bank N A, Trustee on the 2024 filing (compensated).
Officers on the 2024 filing
US Bank N A
Trustee
New on the 2024 filing
1 hr/week
$9K (2024)
Former officers (3)
- Former: US Bank Wealth Management (2022–2023) — Trustee
- Former: US Bank National Association (2019–2021) — Trustee
- Former: Panhandle Shrine Club (2019–2020) — Trustee
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $9K, to US Bank N a (Trustee).
Frequently asked questions about Laurence & Lydia Baltes Charitable US Bank
How much does Laurence & Lydia Baltes Charitable US Bank give each year?
Laurence & Lydia Baltes Charitable US Bank gave $28K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $29K across 1 grant.
How large is Laurence & Lydia Baltes Charitable US Bank?
Laurence & Lydia Baltes Charitable US Bank reported $649K in total assets on its 2024 IRS Form 990-PF. It paid out $32K in qualifying distributions that year, against a required minimum of $33K (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 Laurence & Lydia Baltes Charitable US Bank?
Laurence & Lydia Baltes Charitable US Bank is a private foundation focused on Human services, based in Milwaukee, WI. It holds $649K in total assets as of 2024.
Where does Laurence & Lydia Baltes Charitable US Bank operate?
Laurence & Lydia Baltes Charitable US Bank has awarded grants in Nebraska.
What is Laurence & Lydia Baltes Charitable US Bank's EIN?
Laurence & Lydia Baltes Charitable US Bank's EIN (Employer Identification Number) is 47-6164455. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 19, 2020)
- IRS filings on file for fiscal years 2020–2024
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