Louis and Leona Cleaves Trust

Private foundation · Grantmaker Dallas, TX EIN: 59-7279023

The Louis and Leona Cleaves Trust is a private foundation located in Dallas, Texas. Its 2025 filing reports 11 grants totaling $98,208 to charitable organizations in five states.

Key facts about Louis and Leona Cleaves Trust

In short: Louis and Leona Cleaves Trust gave $98K across 11 grants in 2025 (avg $9K), mostly in Maine. 0% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.

EIN
59-7279023
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$98,208
Grants made (2025)
11
Average grant
$8,928
Median grant
$8,928
New grantees (estimate)
0% first-time grantees (0 of 11, 2025; small sample)
Total assets
$1,871,789
Primary geography
Maine (55% of itemized 2025 grant dollars)
Accepts unsolicited proposals
No
How to apply
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓

Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.9M

+4.7% YoY

Annual Giving

$98K

+59.9% YoY

Grant Count

11

+0.0% YoY

Avg Grant Size

$9K

+59.9% YoY

Under IRS private-foundation payout rules, Louis and Leona Cleaves Trust reported a distributable amount of $96K for 2025 — the minimum it must pay out in qualifying distributions.

Is Louis and Leona Cleaves Trust open to new grantees?

0%

first-time grantees, 2025

In 2025, 0 of 11 grantees (0%) were first-time recipients. With only 11 grantees, that is a small sample: one grantee more or less moves the share by about 9 points. How we count

  • 100% of 2025 grantees were also funded in 2024. Method
  • Giving held roughly steady from 2022 to 2025 (+10%). Method
  • In 2025 it paid out 115% of its IRS minimum distribution (the 5% rule). Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

No mission statement is provided. The 2025 grants went to organizations including a theological seminary, churches, hospitals, a school, a university foundation, and other charitable organizations. For example, Shriners Hospitals for Children describes its mission as providing compassionate, high-quality care to improve children’s lives, while Hillside School says it educates middle school boys academically, socially, athletically, and spiritually. Sweetser describes itself as a behavioral health nonprofit providing mental health, recovery, and educational services.

Grantmaking

In 2025, the trust gave 11 grants totaling $98,208. Each grant was $8,928. Recipients included Bangor Theological Seminary, Sweetser, Maine Sea Coast Mission, Blue Hill Memorial Hospital, University of Maine Foundation, Hillside School, Shriners Hospitals for Children, First Baptist Church, American Cancer Society, The Salvation Army, and Deer Isle-Sunset Congregational Church; each received $8,928.

How to Apply

The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.

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Geographic Focus

Where this funder awards grants

The 2025 grant dollars went to recipients in Maine (55%), Massachusetts (18%), Florida (9%), Oklahoma (9%), and New York (9%).

Grant Distribution by State

5states

Share of 2025 grant dollars across all 11 itemized grants.

Cities

BangorBar HarborBlue HillDeer IsleMarlboroughOklahoma CityOronoQuincySacoTampaWest Nyack

Giving Over Time

Total grant dollars and number of grants per year

$0$25K$50K$75K$100K11 grants2019 11 grants2020 11 grants2021 11 grants2022 11 grants2023 11 grants2024 11 grants2025

From 2019 to 2025, annual grant giving ranged from $58K (2023) to $98K (2025). In 2025 it made 11 grants totaling $98K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

Bangor Theological Seminary: $9KBangor Theological Seminary$9KSweetser: $9KSweetser$9KMaine Sea Coast Mission: $9KMaine Sea Coast Mission$9KBlue Hill Memorial Hospital: $9KBlue Hill Memorial Hospital$9KUniversity of Maine Foundation: $9KUniversity of Maine Foundation$9KHillside School Inc: $9KHillside School Inc$9KShriners Hospitals for Children: $9KShriners Hospitals forChildren$9KFirst Baptist Church: $9KFirst Baptist Church$9KAmerican Cancer Society Inc: $9KAmerican Cancer Society Inc$9KThe Salvation Army: $9KThe Salvation Army$9K

The largest 2025 recipient was Bangor Theological Seminary ($9K). Together the top 10 received $89K.

Grant Size Distribution

55 grants across all recorded years

55<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 55 grants of 55 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Bangor Theological Seminary Bangor, MEUnrestricted General$8,928
Sweetser Saco, MEUnrestricted General$8,928
Maine Sea Coast Mission Bar Harbor, MEUnrestricted General$8,928
Blue Hill Memorial Hospital Blue Hill, MEUnrestricted General$8,928
University of Maine Foundation Orono, MEUnrestricted General$8,928
Hillside School Inc Marlborough, MAUnrestricted General$8,928
Shriners Hospitals for Children Tampa, FLUnrestricted General$8,928
First Baptist Church Quincy, MAUnrestricted General$8,928
American Cancer Society Inc Oklahoma City, OKUnrestricted General$8,928
The Salvation Army West Nyack, NYUnrestricted General$8,928

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants
2025 $1,871,789 $217,249 $133,630 $98,208
2024 $1,787,565 $236,132 $95,898 $61,402
2023 $1,649,634 $180,852 $85,157 $58,377
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$1,871,789$1,787,565$1,649,634
Revenue$217,249$236,132$180,852
Expenses$133,630$95,898$85,157
Qualifying Distributions$109,826$72,286$68,254
Net Investment Income$196,448$214,470$158,586
Distributable Amount$95,781$88,913$80,926

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS April 23, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS April 15, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS April 6, 2022)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 2, 2023)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS November 6, 2024)
  6. Updated Form 990-PF for fiscal year 2024 (received by the IRS April 10, 2025)
  7. Updated Form 990-PF for fiscal year 2025 (received by the IRS April 21, 2026)
  8. IRS filings on file for fiscal years 2019–2025

Leadership & Key People

Leadership team and compensation from IRS filings

Bank of America is listed as trustee on the 2025 filing.

Louis and Leona Cleaves Trust's only listed officer is Bank Of America, Trustee on every filing since 2019 (compensated).

Officers on the 2025 filing

  • Bank Of America

    Trustee

    On filings since 2019

    1 hr/week

    $23K (2019) → $28K (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

Bank of America — Trustee: $28KBank of AmericaTrustee$28K

The highest reported compensation on the 2025 filing was $28K, to Bank of America (Trustee).

Contact

Mailing address: PO Box 653067, Dallas, TX 75265-3067
Phone: (888) 866-3275

Frequently asked questions about Louis and Leona Cleaves Trust

How much does Louis and Leona Cleaves Trust give each year?

Louis and Leona Cleaves Trust gave $98K across 11 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $61K across 11 grants.

What is Louis and Leona Cleaves Trust's typical grant size?

Louis and Leona Cleaves Trust's median grant in 2025 was $8,928, and its average grant was $8,928, across 11 grants on its 2025 IRS Form 990-PF.

Where does Louis and Leona Cleaves Trust give grants?

Louis and Leona Cleaves Trust gives mostly in Maine: 55% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Massachusetts (18%) and Florida (9%).

Does Louis and Leona Cleaves Trust give general operating support?

Yes: 100% of Louis and Leona Cleaves Trust's 2025 grants with a stated purpose (11 of 11) were for general or operating support, per its 2025 IRS Form 990-PF.

Who are Louis and Leona Cleaves Trust's largest grantees?

Louis and Leona Cleaves Trust's largest 2025 grantees include Bangor Theological Seminary ($8,928), Sweetser ($8,928) and Maine Sea Coast Mission ($8,928), according to its 2025 IRS Form 990-PF. Together they received 27% of its itemized 2025 grant dollars.

How large is Louis and Leona Cleaves Trust?

Louis and Leona Cleaves Trust reported $1.9M in total assets on its 2025 IRS Form 990-PF. It paid out $110K in qualifying distributions that year, against a required minimum of $96K (roughly 5% of its investment assets).

What does Louis and Leona Cleaves Trust fund?

No mission statement is provided. The 2025 grants went to organizations including a theological seminary, churches, hospitals, a school, a university foundation, and other charitable organizations. See mission & focus areas ↑

How do I apply for a grant from Louis and Leona Cleaves Trust?

The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is Louis and Leona Cleaves Trust's EIN?

Louis and Leona Cleaves Trust's EIN (Employer Identification Number) is 59-7279023. IRS Form 990 filing data is available on this page for 2019–2025.

Does Louis and Leona Cleaves Trust accept unsolicited proposals?

No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑

Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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