Lillian F Wallace Charitable Trust
Lillian F Wallace Charitable Trust is a private foundation, based in Eagan, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.2M in total assets. In 2025, it awarded 4 grants totaling $54K. Net investment income was $84K.
Lillian F Wallace Charitable Trust at a glance
In short: Lillian F Wallace Charitable Trust gave $54K across 4 grants in 2025 (avg $14K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $54,000
- +5.9% vs 2024
- Grants made (2025)
- 4
- +0.0% vs 2024
- Average grant
- $13,500
- +5.9% vs 2024
- Median grant
- $13,500
- Total assets
- $1,186,413
- +2.3% vs 2024
- Primary geography
- Minnesota (50% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Lillian F Wallace Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was The Salvation Army ($14K). Together the top 4 received $54K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 20 grants of 20 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How Lillian F Wallace Charitable Trust gives
- Giving fell 25% from 2022 to 2025. Method
- In 2025 it paid out 84% 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 2025, annual grant giving ranged from $51K (2024) to $73K (2020). In 2025 it made 4 grants totaling $54K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Salvation Army Hoffman Estates, IL | General Operating | $13,500 |
| True Friends Annandale, MN | General Operating | $13,500 |
| University of Minnesota Foundation Minneapolis, MN | General Operating | $13,500 |
| Arthritis Foundation Atlanta, GA | General Operating | $13,500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,186,413 | $106,128 | $78,883 | $54,000 | 4 | $57,738 | $84,063 | $68,331 |
| 2024 | $1,159,597 | $54,699 | $75,175 | $51,000 | 4 | $54,668 | $34,560 | $66,188 |
| 2023 | $1,180,062 | $48,267 | $75,907 | $54,232 | 4 | $57,682 | $27,258 | $60,067 |
| 2022 | $1,207,708 | $21,341 | $100,437 | $72,320 | 4 | $75,938 | $10,051 | $62,420 |
| 2021 | $1,286,817 | $212,262 | $92,291 | $65,888 | 4 | $69,857 | $189,912 | $72,320 |
| 2020 | $1,166,851 | $26,583 | $96,410 | $72,616 | 4 | — | $9,219 | $66,307 |
| 2019 | $1,236,756 | $37,751 | $96,160 | $72,068 | 4 | — | $16,950 | $66,960 |
Under IRS private-foundation payout rules, Lillian F Wallace Charitable Trust reported a distributable amount of $68K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Lillian F Wallace Charitable Trust's only listed officer is US Bank N A, Trustee on filings since 2019 (compensated).
Officers on the 2025 filing
US Bank N A
Trustee
On filings since 2019
1 hr/week
$22K (2019) → $22K (2025)
Former officers (1)
- Former: US Bank NA (2024) — Trustee
Data from IRS Form 990 filings, 2019–2025. "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 $22K, to US Bank N a (Trustee).
Frequently asked questions about Lillian F Wallace Charitable Trust
How much does Lillian F Wallace Charitable Trust give each year?
Lillian F Wallace Charitable Trust gave $54K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $51K across 4 grants.
What is Lillian F Wallace Charitable Trust's typical grant size?
Lillian F Wallace Charitable Trust's median grant in 2025 was $13,500, and its average grant was $13,500, across 4 grants on its 2025 IRS Form 990-PF.
Where does Lillian F Wallace Charitable Trust give grants?
Lillian F Wallace Charitable Trust gives mostly in Minnesota: 50% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Illinois (25%) and Georgia (25%).
Does Lillian F Wallace Charitable Trust give general operating support?
Yes: 100% of Lillian F Wallace Charitable Trust's 2025 grants with a stated purpose (4 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Lillian F Wallace Charitable Trust?
Lillian F Wallace Charitable Trust reported $1.2M in total assets on its 2025 IRS Form 990-PF. It paid out $58K in qualifying distributions that year, against a required minimum of $68K (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 Lillian F Wallace Charitable Trust's EIN?
Lillian F Wallace Charitable Trust's EIN (Employer Identification Number) is 41-6314876. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 8, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 7, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 5, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 4, 2026)
- IRS filings on file for fiscal years 2019–2024
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