Ruby Schrader Trust
Ruby Schrader Trust is a private foundation, based in Billings, MT. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $111K in total assets. In 2025, it awarded 2 grants totaling $5K. Net investment income was $9K.
Ruby Schrader Trust at a glance
In short: Ruby Schrader Trust gave $5K across 2 grants in 2025 (avg $3K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $5,142
- +1.6% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $2,571
- +1.6% vs 2024
- Median grant
- $2,571
- Total assets
- $111,167
- +2.0% vs 2024
- Primary geography
- Iowa (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 Ruby Schrader Trust funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Iowa State University ($3K). Together the top 2 received $5K.
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 8 grants of 8 (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 Ruby Schrader Trust gives
- Giving held roughly steady from 2022 to 2025 (−14%). Method
- In 2025 it paid out 113% 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 2022 to 2025, annual grant giving ranged from $5K (2023) to $6K (2022). In 2025 it made 2 grants totaling $5K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Iowa State University Ames, IA | Scholarship | $2,571 |
| University of Iowa Iowa City, IA | Scholarship | $2,571 |
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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 | $111,167 | $10,536 | $8,381 | $5,142 | 2 | $7,289 | $9,466 | $6,437 |
| 2024 | $109,025 | $7,035 | $8,464 | $5,062 | 2 | $7,099 | $5,924 | $6,327 |
| 2023 | $110,467 | $11,272 | $8,071 | $4,810 | 2 | $6,962 | $10,226 | $5,970 |
| 2022 | $107,285 | $-724 | $8,877 | $5,990 | 2 | $6,657 | $2,226 | $6,386 |
Under IRS private-foundation payout rules, Ruby Schrader Trust reported a distributable amount of $6K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Ruby Schrader Trust's only listed officer is First Interstate Bank, Trustee on every filing since 2022 (compensated).
Officers on the 2025 filing
First Interstate Bank
Trustee
On filings since 2022
2 hrs/week
$1K (2022) → $1K (2025)
Data from IRS Form 990 filings, 2022–2025. "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 $1K, to First Interstate Bank (Trustee).
Frequently asked questions about Ruby Schrader Trust
How much does Ruby Schrader Trust give each year?
Ruby Schrader Trust gave $5K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $5K across 2 grants.
How large is Ruby Schrader Trust?
Ruby Schrader Trust reported $111K in total assets on its 2025 IRS Form 990-PF. It paid out $7K in qualifying distributions that year, against a required minimum of $6K (roughly 5% of its investment assets).
Where does Ruby Schrader Trust operate?
Ruby Schrader Trust has awarded grants in Iowa.
What is Ruby Schrader Trust's EIN?
Ruby Schrader Trust's EIN (Employer Identification Number) is 81-6135191. IRS Form 990 filing data is available on this page for 2022–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 6, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 6, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 7, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 27, 2026)
- IRS filings on file for fiscal years 2022–2024
Explore Open Grants
Browse active grant opportunities in Ruby Schrader Trust's focus areas in our free grants database
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