Lulu Rae Young Residual Trust Xxx-xx-xxxx

Foundation · Grantmaker SOUTH BEND, IN EIN: 35-6241011

Lulu Rae Young Residual Trust Xxx-xx-xxxx is a private foundation, based in SOUTH BEND, IN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $445K in total assets. In 2024, it awarded 2 grants totaling $25K. Net investment income was $31K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$445K

+0.9% YoY

Annual Giving

$25K

-6.7% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$12K

-6.7% YoY

Under IRS private-foundation payout rules, Lulu Rae Young Residual Trust Xxx-xx-xxxx reported a distributable amount of $26K for 2024 — the minimum it must pay out in qualifying distributions.

About Lulu Rae Young Residual Trust Xxx-xx-xxxx

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Indiana $125K (100%)

States

Indiana

Cities

North ManchesterSouth Bend

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$444,507	$440,369	$482,842
Revenue	$36,789	$-8,785	$7,228
Expenses	$32,597	$33,724	$38,664
Qualifying Distributions	$24,663	$26,440	$25,507
Net Investment Income	$31,280	$7,518	$6,443
Distributable Amount	$26,217	$24,663	$26,440

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Manchester University ($24,513), First United Methodist Church ($150).

Recipient	Purpose	Amount
FIRST UNITED METHODIST CHURCH SOUTH BEND, IN	GENERAL SUPPORT	$150
MANCHESTER UNIVERSITY NORTH MANCHESTER, IN	SCHOLARSHIPS	$24,513

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
1ST SOURCE BANK	TRUSTEE	1	$6,064

Frequently Asked Questions

How large is Lulu Rae Young Residual Trust Xxx-xx-xxxx?

As of 2024, Lulu Rae Young Residual Trust Xxx-xx-xxxx holds $445K in total assets with $37K in annual revenue. It awarded 2 grants totaling $25K in 2024.

Where does Lulu Rae Young Residual Trust Xxx-xx-xxxx operate?

Lulu Rae Young Residual Trust Xxx-xx-xxxx has awarded grants in Indiana.

What size grants does Lulu Rae Young Residual Trust Xxx-xx-xxxx award?

In 2024, Lulu Rae Young Residual Trust Xxx-xx-xxxx awarded 2 grants totaling $25K — an average of about $12K per grant, based on its IRS Form 990 filings.

How much is Lulu Rae Young Residual Trust Xxx-xx-xxxx required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Lulu Rae Young Residual Trust Xxx-xx-xxxx reported a distributable amount of $26K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Lulu Rae Young Residual Trust Xxx-xx-xxxx's EIN?

Lulu Rae Young Residual Trust Xxx-xx-xxxx's EIN (Employer Identification Number) is 35-6241011. IRS Form 990 filing data is available on this page for 2019–2024.