R & B Trust
R & B Trust is a private foundation based in Masonic Home, Kentucky. Its 2025 filing lists grants for general operating activities to charitable organizations, including organizations in Kentucky and other states.
R & B Trust at a glance
In short: R & B Trust gave $42K across 12 grants in 2025 (avg $4K), mostly in Kentucky. 17% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $42,124
- +14.6% vs 2024
- Grants made (2025)
- 12
- -64.7% vs 2024
- Average grant
- $3,510
- +224.7% vs 2024
- Median grant
- $1,000
- Total assets
- $431,741
- +9.1% vs 2024
- New grantees (estimate)
- 17% first-time grantees (2 of 12, 2025; small sample)
- Primary geography
- Kentucky (58% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to R & B Trust
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 3510 Bob Davenport Dr, Masonic Home, KY 40041
Phone: (502) 245-1605
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who R & B Trust funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Young Life-East Louisville ($15K). Together the top 10 received $42K.
Grant Size Distribution
126 grants across all recorded years
The most common grant size was under $50K: 126 grants of 126 (100%).
Geographic Focus
Where this funder awards grants
In 2025, recipients in Kentucky received 58% of grant dollars and recipients in Iowa received 36%. Smaller shares went to recipients in Virginia (2%), North Carolina (2%), and Florida (1%). The itemized grants also included a recipient in Utah.
Grant Distribution by State
Share of 2025 grant dollars across all 12 itemized grants.
States
Cities
Is R & B Trust open to new grantees?
17%
first-time grantees, 2025
In 2025, 2 of 12 grantees (17%) were first-time recipients. With only 12 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $10K; repeat grants $2K. How we count
Medians: $10K first-time, $750 repeat.
- 83% of 2025 grantees were also funded in 2024. Method
- Giving grew 76% from 2022 to 2025. Method
- In 2025 it paid out 132% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $24K (2022) to $42K (2025). In 2025 it made 12 grants totaling $42K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Young Life-East Louisville Boone, IA | General Operating Activities | $15,000 |
| St Matthews Baptist Church Louisville, KY | General Operating Activities | $10,100 |
| St Matthews Pastoral Counseling Center Louisville, KY | General Operating Activities | $6,000 |
| BSK Theological Seminary Lexington, KY | General Operating Activities | $5,000 |
| Waterfront Botanical Gardens Louisville, KY | General Operating Activities | $2,575 |
| World Wide Word Inc Aldie, VA | General Operating Activities | $1,000 |
| Zona Juvenil Ministries Boiling Springs, NC | General Operating Activities | $1,000 |
| National Parkinson's Institute Louisville, KY | General Operating Activities | $500 |
| Wycliff Ministries Orlando, FL | General Operating Activities | $500 |
| Ket Lexington, KY | General Operating Activities | $200 |
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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 | $431,741 | $116,762 | $58,146 | $42,124 | 12 | $42,124 | $41,286 | $32,020 |
| 2024 | $395,859 | $59,172 | $50,601 | $36,759 | 34 | $36,759 | $45,330 | $28,112 |
| 2023 | $387,288 | $23,789 | $36,959 | $25,105 | 27 | $25,105 | $11,935 | $22,275 |
| 2022 | $396,312 | $-19,835 | $36,209 | $23,920 | 16 | $28,315 | — | $23,038 |
| 2021 | $452,356 | $125,873 | $40,442 | $29,325 | 37 | $31,829 | $24,432 | $25,624 |
| 2020 | $387,775 | $-7,486 | $29,933 | $24,780 | 31 | — | $3,488 | $20,604 |
Under IRS private-foundation payout rules, R & B Trust reported a distributable amount of $32K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants supported organizations with varied purposes. For example, BSK Theological Seminary describes its mission as providing Christian theological education committed to spiritual depth, intellectual honesty, and moral integrity. Waterfront Botanical Gardens says it works to develop an urban botanical garden and create a place where nature prospers and people thrive. National Parkinsons Institute describes its mission as supporting the fight against Parkinson’s disease through exercise, education, research, and awareness. These are the grantees’ stated missions, not the foundation’s.
Grantmaking
In 2025, R & B Trust made 12 grants totaling $42,124. Grants ranged from $100 to $15,000, with a median grant of $1,000. The largest grants included $15,000 to Young Life-East Louisville, $10,100 to St Matthews Baptist Church, $6,000 to St Matthews Pastoral Counseling Center, and $5,000 to BSK Theological Seminary. Each itemized grant was listed for general operating activities.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Richard Fellows and Bonnie Fellows as officers.
R & B Trust's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Bonnie Fellows
Officer
On filings since 2020
2 hrs/week
No compensation reported
Richard Fellows
Officer
On filings since 2020
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about R & B Trust
How much does R & B Trust give each year?
R & B Trust gave $42K across 12 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $37K across 34 grants.
What is R & B Trust's typical grant size?
R & B Trust's median grant in 2025 was $1,000, and its average grant was $3,510, across 12 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from R & B Trust that year got $10K on average.
Where does R & B Trust give grants?
R & B Trust gives mostly in Kentucky: 58% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Iowa (36%). The most frequent recipient cities were Louisville, KY (5 grants) and Lexington, KY (2 grants).
Does R & B Trust give general operating support?
Yes: 100% of R & B Trust's 2025 grants with a stated purpose (12 of 12) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are R & B Trust's largest grantees?
R & B Trust's largest 2025 grantees include Young Life-East Louisville ($15,000), St Matthews Baptist Church ($10,100) and St Matthews Pastoral Counseling Center ($6,000), according to its 2025 IRS Form 990-PF. Together they received 74% of its itemized 2025 grant dollars.
How large is R & B Trust?
R & B Trust reported $432K in total assets on its 2025 IRS Form 990-PF. It paid out $42K in qualifying distributions that year, against a required minimum of $32K (roughly 5% of its investment assets).
What does R & B Trust fund?
No mission statement for the foundation is provided. Its 2025 grants supported organizations with varied purposes. For example, BSK Theological Seminary describes its mission as providing Christian theological education committed to spiritual depth, intellectual honesty, and moral integrity. See mission & focus areas ↑
How do I apply for a grant from R & B Trust?
The foundation 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 R & B Trust's EIN?
R & B Trust's EIN (Employer Identification Number) is 31-6566262. IRS Form 990 filing data is available on this page for 2020–2025.
Does R & B 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.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2020–2024
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