The Gertrude and Theodore Debs Memorial
The Gertrude and Theodore Debs Memorial is a private foundation, based in TERRE HAUTE, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $338K in total assets. In 2024, it awarded 3 grants totaling $18K. Net investment income was $13K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$338K
-1.5% YoY
Annual Giving
$18K
+7.6% YoY
Grant Count
3
-25.0% YoY
Avg Grant Size
$6K
+43.5% YoY
Under IRS private-foundation payout rules, The Gertrude and Theodore Debs Memorial reported a distributable amount of $18K for 2024 — the minimum it must pay out in qualifying distributions.
About The Gertrude and Theodore Debs Memorial
Based on IRS filings
The Gertrude and Theodore Debs Memorial is a private foundation, based in TERRE HAUTE, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $338K in total assets. In 2024, it awarded 3 grants totaling $18K. Net investment income was $13K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $338,361 | $343,657 | $346,915 |
| Revenue | $17,387 | $17,835 | $-7,560 |
| Expenses | $22,683 | $21,093 | $27,199 |
| Qualifying Distributions | $18,370 | $17,080 | $21,902 |
| Net Investment Income | $13,074 | $13,822 | $1,130 |
| Distributable Amount | $17,813 | $16,608 | $17,628 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Indiana State University Jared Engl ($9,000), Indiana State University Miranda Me ($5,000), Indiana State University Eric Tony ($3,680).
| Recipient | Purpose | Amount |
|---|---|---|
| Indiana State University Eric Tony Terre Haute, IN | Fellowship Award | $3,680 |
| Indiana State University Jared Engl Terre Haute, IN | Fellowship Award | $9,000 |
| Indiana State University Miranda Me Terre Haute, IN | Fellowship Award | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| First Financial Bank NA | Trustee | 2 | $4,549 |
Frequently Asked Questions
How large is The Gertrude and Theodore Debs Memorial?
As of 2024, The Gertrude and Theodore Debs Memorial holds $338K in total assets with $17K in annual revenue. It awarded 3 grants totaling $18K in 2024.
Where does The Gertrude and Theodore Debs Memorial operate?
The Gertrude and Theodore Debs Memorial has awarded grants in Indiana.
What size grants does The Gertrude and Theodore Debs Memorial award?
In 2024, The Gertrude and Theodore Debs Memorial awarded 3 grants totaling $18K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is The Gertrude and Theodore Debs Memorial required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Gertrude and Theodore Debs Memorial reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Gertrude and Theodore Debs Memorial's EIN?
The Gertrude and Theodore Debs Memorial's EIN (Employer Identification Number) is 35-6513747. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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