Lorraine Combs Charitable Trust
Lorraine Combs Charitable Trust is a private foundation, based in Lubbock, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.9M in total assets. In 2025, it awarded 2 grants totaling $109K. Net investment income was $68K.
Lorraine Combs Charitable Trust at a glance
In short: Lorraine Combs Charitable Trust gave $109K across 2 grants in 2025 (avg $54K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $108,910
- +2.1% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $54,455
- +2.1% vs 2024
- Median grant
- $54,455
- Total assets
- $1,889,916
- -4.9% vs 2024
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Lorraine Combs Charitable Trust funds
How this funder distributes its grants
Grant Size Distribution
10 grants across all recorded years
The most common grant size was in the $50–100K range: 10 grants of 10 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Lorraine Combs Charitable Trust gives
- Giving held roughly steady from 2022 to 2025 (−10%). Method
- In 2025 it paid out 98% 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 $100K (2020) to $121K (2022). In 2025 it made 2 grants totaling $109K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 2 grants to individuals Recipients not named | — | $108,910 |
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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 | $1,889,916 | $42,146 | $141,599 | $108,910 | 2 | $108,910 | $68,197 | $111,531 |
| 2024 | $1,986,869 | $78,488 | $143,863 | $106,700 | 2 | $106,700 | $93,749 | $108,910 |
| 2023 | $2,052,731 | $140,164 | $137,745 | $102,130 | 2 | $102,130 | $88,010 | $106,699 |
| 2022 | $2,051,222 | $95,164 | $152,085 | $121,100 | 2 | $121,100 | $75,238 | $102,129 |
| 2021 | $2,108,602 | $83,775 | $149,583 | $117,978 | 2 | $117,978 | $59,412 | $121,100 |
| 2020 | $2,170,825 | $100,466 | $130,409 | $100,335 | 2 | — | $83,539 | $117,978 |
| 2019 | $2,201,551 | $202,531 | $142,928 | $103,704 | 2 | — | $179,304 | $100,335 |
Under IRS private-foundation payout rules, Lorraine Combs Charitable Trust reported a distributable amount of $112K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Lorraine Combs Charitable Trust's only listed officer is City Bank, Trustee on every filing since 2019 (compensated).
Officers on the 2025 filing
City Bank
Trustee
On filings since 2019
$21K (2019) → $25K (2025)
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 $25K, to City Bank (Trustee).
Frequently asked questions about Lorraine Combs Charitable Trust
How much does Lorraine Combs Charitable Trust give each year?
Lorraine Combs Charitable Trust gave $109K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $107K across 2 grants.
How large is Lorraine Combs Charitable Trust?
Lorraine Combs Charitable Trust reported $1.9M in total assets on its 2025 IRS Form 990-PF. It paid out $109K in qualifying distributions that year, against a required minimum of $112K (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.
Where does Lorraine Combs Charitable Trust operate?
Lorraine Combs Charitable Trust has awarded grants in Texas.
What is Lorraine Combs Charitable Trust's EIN?
Lorraine Combs Charitable Trust's EIN (Employer Identification Number) is 20-6961007. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 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 2020 (received by the IRS July 1, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 29, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 13, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 12, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 9, 2025)
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 23, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 26, 2026)
- IRS filings on file for fiscal years 2020–2024
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