Lester E Yeager Charitable Trust B
Lester E Yeager Charitable Trust B is a private foundation based in Owensboro, Kentucky. It reported distributing grants to 38 organizations in the an individual recipient/Southern Indiana geographic region in 2025.
Lester E Yeager Charitable Trust B at a glance
In short: Lester E Yeager Charitable Trust B gave $275K across 38 grants in 2025 (avg $7K), mostly in Kentucky. 18% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $274,828
- +5.9% vs 2024
- Grants made (2025)
- 38
- +2.7% vs 2024
- Average grant
- $7,232
- +3.2% vs 2024
- Median grant
- $5,000
- Total assets
- $4,786,193
- -3.1% vs 2024
- New grantees (estimate)
- 18% first-time grantees (6 of 34, 2025)
- Primary geography
- Kentucky (91% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Lester E Yeager Charitable Trust B
- How to Apply
The filing describes an application process requiring four completed copies of the four-page grant application and a one-page cover letter, along with materials including an IRS affirmation or determination letter, a…
The filing describes an application process requiring four completed copies of the four-page grant application and a one-page cover letter, along with materials including an IRS affirmation or determination letter, a three-year financial history, and a budget for the next fiscal year. The filing says the trust does not restrict giving to preselected organizations. Applicants must be 501(c)(3) organizations and provide IRS documentation; grants should be used for the purpose stated in the application.
- Review Cycle
- October 15.
- Deadline
- October 15.
- Contact
Application contact: Lester E Yeager Charitable Trust Co
Mailing address: P O Box 964, Owensboro, KY 42302
Phone: (270) 686-8254
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Lester E Yeager Charitable Trust B funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was The Way of Rockport Indiana Inc ($21K). Together the top 10 received $156K.
Organizations only. It also paid 2 grants to individuals ($4,000), which are not listed by name.
Grant Size Distribution
172 grants across all recorded years
The most common grant size was under $50K: 172 grants of 172 (100%).
Geographic Focus
Where this funder awards grants
The trust states that its 2025 grants were distributed within the an individual recipient/Southern Indiana region. In 2025, 91% of grant dollars went to recipients in Kentucky and 9% to recipients in Indiana.
Grant Distribution by State
Share of 2025 grant dollars across all 38 itemized grants.
Cities
Is Lester E Yeager Charitable Trust B open to new grantees?
18%
first-time grantees, 2025
In 2025, 6 of 34 grantees (18%) were first-time recipients. First grants averaged $9K; repeat grants $7K. How we count
Medians: $8K first-time, $5K repeat.
- 82% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−4%). Method
- In 2025 it paid out 91% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $220K (2020) to $287K (2022). In 2025 it made 38 grants totaling $275K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Way of Rockport Indiana Inc Rockport, IN | Help with expenses directly related to the men's home and programs offered free and open to the public; replace furnance | $21,000 |
| Cliff Hagan Boys & Girls Club Owensboro, KY | Fundraiser expenses and operating expenses to help fund various programs offered to the community | $20,000 |
| Girls Incorporated of Owensboro-Daviss County Owensboro, KY | Provide safety, security and fire equipment doors; led lighting/fixtures in classrooms gym and theraphy rooms; various repairs and maintenance; outdoor signage | $20,000 |
| Green River Area Food Warehouse DBA Green River Community Food Owensboro, KY | Funding to help build a temperature-controlled warehouse in owensboro to store donated food that will be distributed to local pantries and kitchens. | $20,000 |
| American Red Cross Western KY Region Owensboro, KY | Home fire financial assistance program for families who have suffered loss due to fire | $15,000 |
| Crossroads Inc Owensboro, KY | Six months of utility budget and mortgage payments in addition to assistance with late night shelter workers pay; bus tokens for women and children | $15,000 |
| Owensboro Board of Education Owensboro, KY | $3,000 for basic medical and dental visits, vision supplies, glasses, lice treatments, field trip bags and other health needs; 3 portable zoll aed3 units and 3 zoll aed3 trainers for the district that need replacing for safety purposes | $13,835 |
| WKY Wolfpack Owensboro, KY | Offset expense of adding two new age groups to the youth developmental football program. Helmet re-conditioning and recertification to make sure that equipment is up to standard guidelines for safety. | $11,000 |
| Owensboro Area Shelter Information & Services Inc Owensboro, KY | Funding individual emergency financial assistance for clients for gas cards to get to work or take children to school; car repair; medical and other bills, etc. | $10,000 |
| The Empowerment Academy Inc Owensboro, KY | To cover costs, sponsor two students for one year. | $10,000 |
Ready to take the next step with Lester E Yeager Charitable Trust B?
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 | $4,786,193 | $249,613 | $400,442 | $274,828 | 38 | $360,954 | $218,078 | $395,373 |
| 2024 | $4,937,022 | $463,275 | $370,244 | $259,402 | 37 | $336,907 | $435,884 | $368,003 |
| 2023 | $4,844,035 | $422,186 | $405,725 | $287,044 | 37 | $372,466 | $393,270 | $336,134 |
| 2022 | $4,827,574 | $388,031 | $407,724 | $287,071 | 34 | $371,698 | $358,456 | $350,690 |
| 2021 | $4,847,511 | $436,176 | $339,896 | $220,880 | 26 | $307,169 | $403,611 | $365,171 |
| 2020 | $4,750,987 | $376,038 | $390,932 | $219,670 | 39 | — | $345,276 | $300,551 |
Under IRS private-foundation payout rules, Lester E Yeager Charitable Trust B reported a distributable amount of $395K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the trust is provided. Its 2025 grants show support for a range of community organizations. For example, the Cliff Hagan Boys & Girls Club describes its work as providing guidance, counseling, physical education, and educational achievement programs for young people ages 8 to 18. The Empowerment Academy says it works with school districts to provide a monitored living facility for students without access to a stable and safe place to live. RiverPark Center describes its work as hosting and presenting arts and civic events, with a focus on arts in education. These are descriptions of the grantees’ missions, not the trust’s own stated mission.
Grantmaking
In 2025, the trust reported 38 grants totaling $274,828, with an average of about $7,200 per organization. Individual grants ranged from $2,000 to $21,000, with a median of $5,000.
Among the largest reported 2025 grants were $21,000 to The Way of Rockport Indiana Inc. for expenses related to its men’s home and programs, including furnace replacement; $20,000 each to Cliff Hagan Boys & Girls Club, Girls Incorporated of Owensboro-Daviess County, and Green River Area Food Warehouse; and $15,000 each to the American Red Cross Western KY Region and Crossroads Inc. Other listed awards included $13,835 to the Owensboro Board of Education, $11,000 to WKY Wolfpack, and $10,000 each to Owensboro Area Shelter Information & Services Inc. and The Empowerment Academy Inc.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists William Wilson Jr, Donna Porter, and Trafton T Littlepage as trustees.
Lester E Yeager Charitable Trust B's 2025 filing lists 3 officers; all 3 officers listed in 2025 are compensated.
Officers on the 2025 filing
William Wilson Jr.
Trustee
On filings since 2020
12 hrs/week
$24K (2020) → $24K (2025)
Donna Porter
Trustee
On filings since 2022
12 hrs/week
$40K (2022) → $42K (2025)
Trafton T. Littlepage
Trustee
On filings since 2024
12 hrs/week
$8K (2024) → $26K (2025)
Former officers (2)
- Former: Nancy Kennedy (2020–2024) — Trustee
- Former: Donald W. Haas (2020–2022) — Trustee
Data from IRS Form 990 filings, 2020–2025. "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 $42K, to Donna Porter (Trustee). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Lester E Yeager Charitable Trust B
How much does Lester E Yeager Charitable Trust B give each year?
Lester E Yeager Charitable Trust B gave $275K across 38 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $259K across 37 grants.
What is Lester E Yeager Charitable Trust B's typical grant size?
Lester E Yeager Charitable Trust B's median grant in 2025 was $5,000, and its average grant was $7,232, across 38 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Lester E Yeager Charitable Trust B that year got $9K on average.
Where does Lester E Yeager Charitable Trust B give grants?
Lester E Yeager Charitable Trust B gives mostly in Kentucky: 91% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Indiana (9%). The most frequent recipient cities were Owensboro, KY (25 grants), Henderson, KY (4 grants) and Whitesville, KY (2 grants).
Does Lester E Yeager Charitable Trust B give general operating support?
Occasionally: 5% of Lester E Yeager Charitable Trust B's 2025 grants with a stated purpose (2 of 38) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Lester E Yeager Charitable Trust B's largest grantees?
Lester E Yeager Charitable Trust B's largest 2025 grantees include The Way of Rockport Indiana Inc ($21,000), Cliff Hagan Boys & Girls Club ($20,000) and Girls Incorporated of Owensboro-Daviss County ($20,000), according to its 2025 IRS Form 990-PF. It also paid 2 grants to individuals ($4,000), which are not listed by name. Together they received 22% of its itemized 2025 grant dollars.
How large is Lester E Yeager Charitable Trust B?
Lester E Yeager Charitable Trust B reported $4.8M in total assets on its 2025 IRS Form 990-PF. It paid out $361K in qualifying distributions that year, against a required minimum of $395K (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 does Lester E Yeager Charitable Trust B fund?
No mission statement for the trust is provided. Its 2025 grants show support for a range of community organizations. See mission & focus areas ↑
How do I apply for a grant from Lester E Yeager Charitable Trust B?
The filing describes an application process requiring four completed copies of the four-page grant application and a one-page cover letter, along with materials including an IRS affirmation or determination letter, a… Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Lester E Yeager Charitable Trust B's EIN?
Lester E Yeager Charitable Trust B's EIN (Employer Identification Number) is 61-1159548. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS July 7, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
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Cite this profile
Grantable. (2026). Lester E Yeager Charitable Trust B funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/lester-e-yeager-charitable-trust-b-morg_05277c5d2eaf44d283d7de776bfa7611
BibTeX
@misc{grantable_611159548_2026,
author = {{Grantable}},
title = {{Lester E Yeager Charitable Trust B funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/lester-e-yeager-charitable-trust-b-morg_05277c5d2eaf44d283d7de776bfa7611},
note = {Accessed 2026-10-15. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Lester E Yeager Charitable Trust B's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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