Lela E Powers Trust 29 007166
Lela E Powers Trust 29 007166 is a private foundation, based in Muncie, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $241K in total assets. In 2024, it awarded 6 grants totaling $313K. Net investment income was $104K.
Key facts about Lela E Powers Trust 29 007166
- EIN
- 35-6039274
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $313,480
- Grants made (2024)
- 6
- Average grant
- $52,247
- Median grant
- $39,185
- Total assets
- $240,572
- Primary geography
- Indiana (45% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Lela E Powers Trust 29 007166 funds
By grant dollars, the top recipient states for Lela E Powers Trust 29 007166's 6 itemized 2024 grants were Indiana (45%), Illinois (30%) and Pennsylvania (15%). 100% of grants with a stated purpose were for general or operating support.
How Lela E Powers Trust 29 007166 gives
- Giving grew 148% from 2021 to 2024. Method
- In 2024 it paid out 202% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Lela E Powers Trust 29 007166
- How to evaluate Lela E Powers Trust 29 007166 as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$241K
-50.1% YoY
Annual Giving
$313K
+52.8% YoY
Grant Count
6
+0.0% YoY
Avg Grant Size
$52K
+52.8% YoY
Under IRS private-foundation payout rules, Lela E Powers Trust 29 007166 reported a distributable amount of $170K for 2024 — the minimum it must pay out in qualifying distributions.
About Lela E Powers Trust 29 007166
Based on IRS filings
Lela E Powers Trust 29 007166 is a private foundation, based in Muncie, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $241K in total assets. In 2024, it awarded 6 grants totaling $313K. Net investment income was $104K.
Ready to take the next step with Lela E Powers Trust 29 007166?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 6 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $240,572 | $482,172 | $578,422 |
| Revenue | $129,424 | $156,950 | $122,510 |
| Expenses | $371,024 | $253,156 | $169,627 |
| Qualifying Distributions | $343,680 | $229,380 | $146,806 |
| Net Investment Income | $104,385 | $134,197 | $102,350 |
| Distributable Amount | $170,142 | $337,693 | $222,343 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
30 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Wabash College ($109,718), Moody Bible Institute ($62,696), American Bible Society ($47,022).
| Recipient | Purpose | Amount |
|---|---|---|
| WABASH COLLEGE Crawfordsville, IN | GENERAL OPERATIONS | $109,718 |
| MOODY BIBLE INSTITUTE Chicago, IL | GENERAL OPERATIONS | $62,696 |
| AMERICAN BIBLE SOCIETY Philadelphia, PA | GENERAL OPERATIONS | $47,022 |
| LAFAYETTE YMCA Lafayette, IN | GENERAL OPERATIONS | $31,348 |
| SALVATION ARMY Hoffman Estates, IL | GENERAL OPERATIONS | $31,348 |
| AMERICAN ADVENT MISSION SOCIETY Charlotte, NC | GENERAL OPERATIONS | $31,348 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| First Merchants Private WLTH Adviso | Trustee | 1 | $29,973 |
Frequently Asked Questions
How large is Lela E Powers Trust 29 007166?
As of 2024, Lela E Powers Trust 29 007166 holds $241K in total assets with $129K in annual revenue. It awarded 6 grants totaling $313K in 2024.
Where does Lela E Powers Trust 29 007166 operate?
Lela E Powers Trust 29 007166 has awarded grants in Illinois, Indiana, North Carolina, Pennsylvania.
What size grants does Lela E Powers Trust 29 007166 award?
In 2024, Lela E Powers Trust 29 007166 awarded 6 grants totaling $313K — an average of about $52K per grant, based on its IRS Form 990 filings.
How much is Lela E Powers Trust 29 007166 required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lela E Powers Trust 29 007166 reported a distributable amount of $170K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lela E Powers Trust 29 007166's EIN?
Lela E Powers Trust 29 007166's EIN (Employer Identification Number) is 35-6039274. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.