Philip Macbride Trust Co US Bank
Philip Macbride Trust Co US Bank is a private foundation focused on Education, based in Eagan, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $483K in total assets. In 2025, it awarded 2 grants totaling $26K. Net investment income was $37K.
Philip Macbride Trust Co US Bank at a glance
In short: Philip Macbride Trust Co US Bank gave $26K across 2 grants in 2025 (avg $13K), mostly in Washington. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $25,766
- +10.8% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $12,883
- +10.8% vs 2024
- Median grant
- $12,883
- Total assets
- $482,674
- +2.0% vs 2024
- Primary geography
- Washington (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 Philip Macbride Trust Co US Bank funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was University of Washington ($19K). Together the top 2 received $26K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 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 Philip Macbride Trust Co US Bank gives
- Giving held roughly steady from 2022 to 2025 (+5%). Method
- In 2025 it paid out 91% 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 $17K (2021) to $27K (2019). In 2025 it made 2 grants totaling $26K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Washington Seattle, WA | General Operating | $19,050 |
| Boy Scouts of America Seattle, WA | General Operating | $6,716 |
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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 | $482,674 | $45,485 | $35,791 | $25,766 | 2 | $26,774 | $36,675 | $29,424 |
| 2024 | $472,982 | $18,897 | $34,090 | $23,260 | 2 | $25,665 | $10,485 | $28,171 |
| 2023 | $488,172 | $13,658 | $34,402 | $24,480 | 2 | $26,832 | $6,206 | $25,612 |
| 2022 | $508,913 | $19,559 | $37,698 | $24,525 | 2 | $26,934 | $11,288 | $26,890 |
| 2021 | $527,125 | $102,490 | $27,960 | $16,684 | 2 | — | $93,501 | $28,690 |
| 2020 | $452,692 | $8,927 | $29,018 | $19,347 | 2 | — | $4,620 | $23,712 |
| 2019 | $472,684 | $21,912 | $38,741 | $26,541 | 2 | — | $14,236 | $24,968 |
Under IRS private-foundation payout rules, Philip Macbride Trust Co US Bank reported a distributable amount of $29K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Philip Macbride Trust Co US Bank's only listed officer is U S Bank NA, Trustee on every filing since 2019 (compensated).
Officers on the 2025 filing
U S Bank NA
Trustee
On filings since 2019
1 hr/week
$8K (2019) → $10K (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 $10K, to U S Bank NA (Trustee).
Frequently asked questions about Philip Macbride Trust Co US Bank
How much does Philip Macbride Trust Co US Bank give each year?
Philip Macbride Trust Co US Bank gave $26K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $23K across 2 grants.
How large is Philip Macbride Trust Co US Bank?
Philip Macbride Trust Co US Bank reported $483K in total assets on its 2025 IRS Form 990-PF. It paid out $27K in qualifying distributions that year, against a required minimum of $29K (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.
What is Philip Macbride Trust Co US Bank?
Philip Macbride Trust Co US Bank is a private foundation focused on Education, based in Eagan, MN. It holds $483K in total assets as of 2025.
Where does Philip Macbride Trust Co US Bank operate?
Philip Macbride Trust Co US Bank has awarded grants in Washington.
What is Philip Macbride Trust Co US Bank's EIN?
Philip Macbride Trust Co US Bank's EIN (Employer Identification Number) is 91-6208481. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 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 2019 (received by the IRS April 1, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 30, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 8, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 10, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 9, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 9, 2026)
- IRS filings on file for fiscal years 2019–2025
Live grants for the work Philip Macbride Trust Co US Bank funds
Education Open opportunities, soonest deadline first.
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