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 2025. As of 2025, the organization holds $330K in total assets. In 2025, it awarded 3 grants totaling $18K. Net investment income was $11K.
The Gertrude and Theodore Debs Memorial at a glance
In short: The Gertrude and Theodore Debs Memorial gave $18K across 3 grants in 2025 (avg $6K), mostly in Indiana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $18,416
- +4.2% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $6,139
- +4.2% vs 2024
- Median grant
- $7,500
- Total assets
- $329,989
- -2.5% vs 2024
- Primary geography
- Indiana (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 The Gertrude and Theodore Debs Memorial funds
How this funder distributes its grants
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 15 grants of 15 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How The Gertrude and Theodore Debs Memorial gives
- Giving held roughly steady from 2022 to 2025 (−13%). Method
- In 2025 it paid out 103% 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 2020 to 2025, annual grant giving ranged from $16K (2023) to $21K (2022). In 2025 it made 3 grants totaling $18K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 3 grants to individuals Recipients not named | — | $18,416 |
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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 | $329,989 | $15,213 | $23,585 | $18,416 | 3 | $19,129 | $10,757 | $18,582 |
| 2024 | $338,361 | $17,387 | $22,683 | $17,680 | 3 | $18,370 | $13,074 | $17,813 |
| 2023 | $343,657 | $17,835 | $21,093 | $16,427 | 4 | $17,080 | $13,822 | $16,608 |
| 2022 | $346,915 | $-7,560 | $27,199 | $21,212 | 2 | $21,902 | $1,130 | $17,628 |
| 2021 | $381,674 | $52,768 | $26,611 | $20,812 | 3 | $21,524 | $47,681 | $20,335 |
| 2020 | $355,517 | $12,003 | $24,562 | $19,250 | 3 | — | $7,403 | $18,854 |
Under IRS private-foundation payout rules, The Gertrude and Theodore Debs Memorial reported a distributable amount of $19K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Gertrude and Theodore Debs Memorial's only listed officer is First Financial Bank NA, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
First Financial Bank NA
Trustee
On filings since 2020
2 hrs/week
$5K (2020) → $5K (2025)
Data from IRS Form 990 filings, 2020–2025. "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 $5K, to First Financial Bank NA (Trustee).
Frequently asked questions about The Gertrude and Theodore Debs Memorial
How much does The Gertrude and Theodore Debs Memorial give each year?
The Gertrude and Theodore Debs Memorial gave $18K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $18K across 3 grants.
What is The Gertrude and Theodore Debs Memorial's typical grant size?
The Gertrude and Theodore Debs Memorial's median grant in 2025 was $7,500, and its average grant was $6,139, across 3 grants on its 2025 IRS Form 990-PF.
Where does The Gertrude and Theodore Debs Memorial give grants?
The Gertrude and Theodore Debs Memorial gives mostly in Indiana: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does The Gertrude and Theodore Debs Memorial give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on The Gertrude and Theodore Debs Memorial's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Fellowship Award" (3 grants).
How large is The Gertrude and Theodore Debs Memorial?
The Gertrude and Theodore Debs Memorial reported $330K in total assets on its 2025 IRS Form 990-PF. It paid out $19K in qualifying distributions that year, against a required minimum of $19K (roughly 5% of its investment assets).
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2020–2024
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