Rule of Law Trust
To advance conservative principles and causes through communications, research, strategy and assistance to other organizations.
Rule of Law Trust at a glance
In short: Rule of Law Trust gave $15.2M across 2 grants in 2024 (avg $7.6M), mostly in Florida. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $15,150,000
- -46.5% vs 2023
- Grants made (2024)
- 2
- -50.0% vs 2023
- Average grant
- $7,575,000
- +6.9% vs 2023
- Median grant
- $7,575,000
- Total assets
- $174,002,529
- +2.3% vs 2023
- Primary geography
- Florida (91% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Rule of Law Trust funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Schwab Charitable Fund ($13.8M). Together the top 2 received $15.2M.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was $5M or more: 6 grants of 12 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
How Rule of Law Trust gives
- Giving grew 405% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $3.0M (2021) to $36.3M (2020). In 2024 it made 2 grants totaling $15.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Schwab Charitable Fund Orlando, FL | General Operating (DAF) | $13,750,000 |
| Knights of Columbus Charitable Fund New Haven, CT | General Operating | $1,400,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $174,002,529 | $7,864,959 | $16,253,155 | $15,150,000 | 2 | $7,864,959 |
| 2023 | $170,124,340 | $3,065,418 | $30,379,617 | $28,335,541 | 4 | $3,065,418 |
| 2022 | $187,864,450 | $2,275,161 | $11,168,424 | $8,650,000 | 2 | $2,275,161 |
| 2021 | $202,362,093 | $160,580,040 | $4,799,057 | $3,000,000 | 1 | $3,511,260 |
| 2020 | $52,683,753 | $1,493,794 | $38,447,824 | $36,293,800 | 3 | $1,493,794 |
About Rule of Law Trust
Based on IRS filings
Rule of Law Trust is a public charity, based in Vienna, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $174.0M in total assets. In 2024, it awarded 2 grants totaling $15.2M. Net investment income was $7.9M.
Leadership & Key People
Officers and directors from IRS filings
Rule of Law Trust is led by Leonard Leo, Trustee on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Leonard Leo
Trustee
On filings since 2020
10 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Rule of Law Trust
How much does Rule of Law Trust give each year?
Rule of Law Trust gave $15.2M across 2 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $28.3M across 4 grants.
How large is Rule of Law Trust?
Rule of Law Trust reported $174.0M in total assets on its 2024 IRS Form 990. Its revenue that year was $7.9M.
Where does Rule of Law Trust operate?
Rule of Law Trust has awarded grants in Connecticut, District of Columbia, Florida, Illinois, Massachusetts, Virginia.
What is Rule of Law Trust's EIN?
Rule of Law Trust's EIN (Employer Identification Number) is 83-1047727. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 14, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 8, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS October 31, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS October 30, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Rule of Law Trust's focus areas in our free grants database
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Figures come from Rule of Law Trust'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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