Otis T Turner Memorial Fund

Private foundation · Grantmaker Pittsburgh, PA EIN: 61-6117542

Otis T Turner Memorial Fund is a private foundation, based in Pittsburgh, PA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $457K in total assets. In 2025, it awarded 1 grant totaling $60K. Net investment income was $12K.

Otis T Turner Memorial Fund at a glance

In short: Otis T Turner Memorial Fund gave $60K across 1 grant in 2025 (avg $60K), mostly in Kentucky. Source: 2025 IRS Form 990-PF.

Annual giving (2025)
$59,905
+6.4% vs 2024
Grants made (2025)
1
+0.0% vs 2024
Average grant
$59,905
+6.4% vs 2024
Median grant
$59,905
Total assets
$456,901
-10.4% vs 2024
Primary geography
Kentucky (100% 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 Otis T Turner Memorial Fund funds

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Metro United Way: $60KMetro United Way$60K

The largest 2025 recipient was Metro United Way ($60K).

Grant Size Distribution

5 grants across all recorded years

<$50K5$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $50–100K range: 5 grants of 5 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

Louisville

How Otis T Turner Memorial Fund gives

  • Giving held roughly steady from 2022 to 2025 (−1%). Method
  • In 2025 it paid out 88% 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

$0$20K$40K$60K$80K1 grant2021 1 grant2022 1 grant2023 1 grant2024 1 grant2025

From 2021 to 2025, annual grant giving ranged from $52K (2021) to $64K (2023). In 2025 it made 1 grant totaling $60K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Metro United Way Louisville, KYGeneral Support$59,905
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2025$456,901$26,268$79,492$59,9051$63,349$12,497$71,709
2024$509,936$102,456$71,305$56,3091$59,308$89,972$62,904
2023$479,209$22,377$78,738$63,9001$65,295$9,817$57,704
2022$502,144$69,416$77,561$60,2251$61,871$54,601$65,546
2021$543,944$59,486$67,214$51,6041—$45,669$61,760

Under IRS private-foundation payout rules, Otis T Turner Memorial Fund reported a distributable amount of $72K for 2025 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Otis T Turner Memorial Fund's only listed officer is PNC Bank N A, Trustee on every filing since 2023 (compensated).

Officers on the 2025 filing

  • PNC Bank N A

    Trustee

    On filings since 2023

    1 hr/week

    $14K (2023) → $17K (2025)

Former officers (1)
  • Former: PNC Bank NA (2021–2022) — Trustee

Data from IRS Form 990 filings, 2021–2025. "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

PNC Bank N a — Trustee: $17KPNC Bank N aTrustee$17K

The highest reported compensation on the 2025 filing was $17K, to PNC Bank N a (Trustee).

Frequently asked questions about Otis T Turner Memorial Fund

How much does Otis T Turner Memorial Fund give each year?

Otis T Turner Memorial Fund gave $60K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $56K across 1 grant.

How large is Otis T Turner Memorial Fund?

Otis T Turner Memorial Fund reported $457K in total assets on its 2025 IRS Form 990-PF. It paid out $63K in qualifying distributions that year, against a required minimum of $72K (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 Otis T Turner Memorial Fund operate?

Otis T Turner Memorial Fund has awarded grants in Kentucky.

What is Otis T Turner Memorial Fund's EIN?

Otis T Turner Memorial Fund's EIN (Employer Identification Number) is 61-6117542. IRS Form 990 filing data is available on this page for 2021–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(1)

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2021–2025

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Otis T Turner Memorial Fund's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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