R J Mcelroy Trust
The R J McElroy Trust is a private foundation based in Waterloo, Iowa, established in 1989. The organization operates as a 501(c)(3) tax-exempt entity dedicated to supporting young people and building stronger communities for children and youth development.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$2.1M
-19.5% YoY
Grant Count
93
-20.5% YoY
Avg Grant Size
$22K
+1.2% YoY
Mission & Focus Areas
The trust's core mission is to move McElroy's vision forward, with a stated commitment to creating a better community for young people. The organization focuses on building a region where every child grows up healthy, safe, and thriving.
Primary funding areas include:
- Youth development
- Education
- Human services
- Philanthropy and volunteerism
Grantmaking
The trust operates a general purpose grant program with one active opportunity listed as the McElroy Trust Grant Program.
Ready to take the next step with R J Mcelroy Trust?
Geographic Focus
Where this funder awards grants
The trust primarily funds organizations in Iowa, with some activity in Oklahoma and Virginia.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total assets: $39,687,281
- Total revenues: $2,338,001
- Total expenses: $2,741,413
- Investment income and dividends: $837,831
Assets & Revenue (2023):
- Total assets: $40,090,693
- Total revenues: $1,686,954
- Total expenses: $3,497,048
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
103 grants across all recorded years
Open Grants
1 open opportunity from R J Mcelroy Trust
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Board of Trustees:
- Mike Young
- Kathy Flynn
- Jim Waterbury
- Sally Hollis
- Robert Smith, Jr.
- Raleigh Buckmaster
Staff:
- Megan McKenzie, Executive Director
- Katie Hinders, Program Officer
- Holly Stanic, Gold Star Coordinator
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES WATERBURY | TRUSTEE | 0.1 | $6,000 |
| ROBERT SMITH JR | TRUSTEE | 0.1 | $6,000 |
| MICHAEL YOUNG | TRUSTEE | 0.1 | $6,000 |
| SALLY HOLLIS | TRUSTEE | 0.1 | $6,000 |
| MEGAN MCKENZIE | EXECUTIVE DI | 40 | $87,500 |
| RALEIGH BUCKMASTER | TRUSTEE | 0.1 | $3,000 |
| KATHY FLYNN | TRUSTEE | 0.1 | $6,000 |
Recent News & Activity
Recent developments and announcements
The trust has been active in supporting educational initiatives, including a $250,000 grant to Allen College for simulation lab expansion. The organization has also announced award programs for teachers and continues to support youth-focused organizations across Iowa.
Allen College sim lab gets $250K boost from R.J. McElroy Trust | News | kwwl.comRelated Funders
Similar funders by location and focus area
Main Street Fort Dodge Inc
FORT DODGE, IA
Assets
$315K
Grants
1
Total Given
$25K
John & Beverly Anderson Charitable Trust
VINTON, IA
Assets
—
Grants
18
Total Given
$22K
Barbara Jean Couturier Charitable T
DAVENPORT, IA
Assets
—
Grants
0
Total Given
—
The Joseph Andres Family Foundation
OKOBOJI, IA
Assets
—
Grants
6
Total Given
$7K
Lohse Family Foundation
BONDURANT, IA
Assets
—
Grants
2
Total Given
$400K
Vande Brake Family Foundation
ORANGE CITY, IA
Assets
$172K
Grants
6
Total Given
$47K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with R J Mcelroy Trust on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities