The Betterworld Trust
The Betterworld Trust is a private foundation focused on International, Foreign Affairs & National Security, based in Fallbrook, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $36K in total assets. In 2024, it awarded 7 grants totaling $129K. Net investment income was $30.
The Betterworld Trust at a glance
In short: The Betterworld Trust gave $129K across 7 grants in 2024 (avg $18K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $128,550
- -23.0% vs 2023
- Grants made (2024)
- 7
- -12.5% vs 2023
- Average grant
- $18,364
- -12.0% vs 2023
- Median grant
- $15,000
- Total assets
- $35,937
- -80.3% vs 2023
- Primary geography
- California (61% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Betterworld Trust funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was Books for Africa ($50K). Together the top 7 received $129K.
Grant Size Distribution
52 grants across all recorded years
The most common grant size was under $50K: 47 grants of 52 (90%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How The Betterworld Trust gives
- Giving held roughly steady from 2021 to 2024 (+2%). Method
- In 2024 it paid out well above 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 2020 to 2024, annual grant giving ranged from $126K (2021) to $225K (2022). In 2024 it made 7 grants totaling $129K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Books for Africa St. Paul, MN | Collect, sort, ship and distribute books to children of africa | $50,000 |
| Focusing Philanthropy Santa Monica, CA | Grants for casa; servcies and education for foster youth | $25,000 |
| Fallbrook Food Pantry Fallbrook, CA | Scholarships, Food Program | $15,550 |
| Boys & Girls Club of North County Fallbrook, CA | Literacy Program | $15,000 |
| Fallbrook Art Center Fallbrook, CA | Art Education and Interpretive Programs | $10,000 |
| Fallbrook Senior Center Fallbrook, CA | Nutrition Program | $10,000 |
| Fallbrook a Leerfuesd Fallbrook, CA | Bring Literacy to the Homes of Young Children | $3,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $35,937 | $30 | $146,580 | $128,550 | 7 | $128,550 | $30 | $4,433 |
| 2023 | $182,487 | $139 | $170,336 | $167,000 | 8 | $167,000 | $139 | $13,286 |
| 2022 | $352,684 | $566,959 | $225,535 | $224,500 | 16 | $224,500 | $16,959 | $9,547 |
| 2021 | $11,260 | $125,015 | $126,774 | $126,000 | 6 | $126,000 | $15 | $651 |
| 2020 | $13,019 | $130,489 | $131,487 | $131,225 | 15 | — | $39 | $742 |
Under IRS private-foundation payout rules, The Betterworld Trust reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Betterworld Trust is led by Diane Garrett, Trustee on the 2024 filing — the only officer listed, and uncompensated.
Officers on the 2024 filing
Diane Garrett
Trustee
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (1)
- Former: Paul Garrett (2020–2023) — Trustee
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 The Betterworld Trust
How much does The Betterworld Trust give each year?
The Betterworld Trust gave $129K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $167K across 8 grants.
What is The Betterworld Trust's typical grant size?
The Betterworld Trust's median grant in 2024 was $15,000, and its average grant was $18,364, across 7 grants on its 2024 IRS Form 990-PF.
Where does The Betterworld Trust give grants?
The Betterworld Trust gives mostly in California: 61% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Minnesota (39%). The most frequent recipient cities were Fallbrook, CA (5 grants).
Does The Betterworld Trust give general operating support?
Not in 2024: none of the 7 grants with a stated purpose on The Betterworld Trust's 2024 IRS Form 990-PF were described as general or operating support.
Who are The Betterworld Trust's largest grantees?
The Betterworld Trust's largest 2024 grantees include Books for Africa ($50,000), Focusing Philanthropy ($25,000) and Fallbrook Food Pantry ($15,550), according to its 2024 IRS Form 990-PF. Together they received 70% of its itemized 2024 grant dollars.
How large is The Betterworld Trust?
The Betterworld Trust reported $36K in total assets on its 2024 IRS Form 990-PF. It paid out $129K in qualifying distributions that year, against a required minimum of $4K (roughly 5% of its investment assets).
What is The Betterworld Trust?
The Betterworld Trust is a private foundation focused on International, Foreign Affairs & National Security, based in Fallbrook, CA. It holds $36K in total assets as of 2024.
What is The Betterworld Trust's EIN?
The Betterworld Trust's EIN (Employer Identification Number) is 26-1160600. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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