Mary Frost Ashley Charitable Trust
Mary Frost Ashley Charitable Trust is a private foundation, based in Chicago, IL. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $9.8M in total assets. In 2026, it awarded 9 grants totaling $787K. Net investment income was $1.7M.
Mary Frost Ashley Charitable Trust at a glance
In short: Mary Frost Ashley Charitable Trust gave $787K across 9 grants in 2026 (avg $87K), mostly in Wisconsin. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $787,000
- -0.3% vs 2025
- Grants made (2026)
- 9
- +0.0% vs 2025
- Average grant
- $87,444
- -0.3% vs 2025
- Median grant
- $5,000
- Total assets
- $9,758,950
- +9.2% vs 2025
- Primary geography
- Wisconsin (87% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who Mary Frost Ashley Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2026
The largest 2026 recipient was University of Wisconsin ($600K). Together the top 9 received $787K.
Grant Size Distribution
39 grants across all recorded years
The most common grant size was under $50K: 29 grants of 39 (74%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 9 itemized grants.
Cities
How Mary Frost Ashley Charitable Trust gives
- Giving held roughly steady from 2023 to 2026 (+2%). Method
- In 2026 it paid out 114% of its IRS minimum distribution (the 5% rule). 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 2021 to 2026, annual grant giving ranged from $235K (2021) to $897K (2024). In 2026 it made 9 grants totaling $787K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Wisconsin Kenosha, WI | General Operating Purposes | $600,000 |
| Health Development Initiative (HDI) | General Operating Purposes | $100,000 |
| Kenosha Public Library Foundation Kenosha, WI | General Operating Purposes | $35,000 |
| YMCA Kenosha, WI | General Operating Purposes | $30,000 |
| Shalom Center of Interfaith Network Kenosha, WI | General Operating Purposes | $5,000 |
| Kenosha Literacy Council Kenosha, IL | General Operating Purposes | $5,000 |
| Kenosha Community Foundation Kenosha, WI | General Operating Purposes | $5,000 |
| Peace Learning Circles Inc Kenosha, WI | General Operating Purposes | $5,000 |
| Girls on the Run Southeast Wisconsin Milwaukee, WI | General Operating Purposes | $2,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2026 | $9,758,950 | $1,711,686 | $889,517 | $787,000 | 9 | $831,643 | $1,665,485 | $727,446 |
| 2025 | $8,937,438 | $651,206 | $889,480 | $789,000 | 9 | $834,999 | $603,723 | $690,723 |
| 2024 | $9,174,731 | $413,523 | $989,560 | $897,000 | 9 | $940,227 | $367,618 | $641,756 |
| 2023 | $9,746,698 | $247,364 | $865,487 | $775,000 | 5 | $817,200 | $231,708 | $593,928 |
| 2022 | $10,363,186 | $941,735 | $875,773 | $769,000 | 7 | $815,323 | $891,224 | $676,383 |
| 2021 | $10,295,926 | $849,106 | $335,686 | $235,000 | 10 | — | $799,519 | $652,160 |
Under IRS private-foundation payout rules, Mary Frost Ashley Charitable Trust reported a distributable amount of $727K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Mary Frost Ashley Charitable Trust's 2026 filing lists 3 officers; 1 of 3 officers listed in 2026 is compensated.
Officers on the 2026 filing
BMO Bank N A
C0-Trustee
On filings since 2024
1 hr/week
$86K (2024) → $89K (2026)
James Seymour
C0-Trustee-Part Time
On filings since 2021
1 hr/week
No compensation reported
Patricia F. Callahan
C0-Trustee-Part Time
On filings since 2021
1 hr/week
No compensation reported
Former officers (1)
- Former: BMO Harris Bank N A (2021–2023) — C0-Trustee
Data from IRS Form 990 filings, 2021–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2026 IRS filing
The highest reported compensation on the 2026 filing was $89K, to BMO Bank N a (C0-Trustee).
Frequently asked questions about Mary Frost Ashley Charitable Trust
How much does Mary Frost Ashley Charitable Trust give each year?
Mary Frost Ashley Charitable Trust gave $787K across 9 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $789K across 9 grants.
What is Mary Frost Ashley Charitable Trust's typical grant size?
Mary Frost Ashley Charitable Trust's median grant in 2026 was $5,000, and its average grant was $87,444, across 9 grants on its 2026 IRS Form 990-PF.
Where does Mary Frost Ashley Charitable Trust give grants?
Mary Frost Ashley Charitable Trust gives mostly in Wisconsin: 87% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Kenosha, WI (6 grants).
Does Mary Frost Ashley Charitable Trust give general operating support?
Yes: 100% of Mary Frost Ashley Charitable Trust's 2026 grants with a stated purpose (9 of 9) were for general or operating support, per its 2026 IRS Form 990-PF.
Who are Mary Frost Ashley Charitable Trust's largest grantees?
Mary Frost Ashley Charitable Trust's largest 2026 grantees include University of Wisconsin ($600,000), Health Development Initiative (HDI) ($100,000) and Kenosha Public Library Foundation ($35,000), according to its 2026 IRS Form 990-PF. Together they received 93% of its itemized 2026 grant dollars.
How large is Mary Frost Ashley Charitable Trust?
Mary Frost Ashley Charitable Trust reported $9.8M in total assets on its 2026 IRS Form 990-PF. It paid out $832K in qualifying distributions that year, against a required minimum of $727K (roughly 5% of its investment assets).
What is Mary Frost Ashley Charitable Trust's EIN?
Mary Frost Ashley Charitable Trust's EIN (Employer Identification Number) is 26-1417061. IRS Form 990 filing data is available on this page for 2021–2026.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS August 24, 2026)
- IRS filings on file for fiscal years 2021–2025
Explore Open Grants
Browse active grant opportunities in Mary Frost Ashley Charitable Trust's focus areas in our free grants database
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