The Portland Trust II is a private foundation classified as a 501(c)(3) organization, established in 2014 and based in Milwaukee, Wisconsin. The foundation is managed by US Bank N.A., which serves as trustee and is compensated $28,010 for its services.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.7M
-0.8% YoY
Annual Giving
$268K
+2.9% YoY
Grant Count
14
+16.7% YoY
Avg Grant Size
$19K
-11.8% YoY
Under IRS private-foundation payout rules, The Portland Trust Ii reported a distributable amount of $298K for 2024 — the minimum it must pay out in qualifying distributions.
Grantmaking
The foundation distributed $520,000 in grants in its most recent fiscal year (2024). Recent grants include:
Grant Range
of $84,000 based on available data. The foundation appears open to new applicants.
Average Grant
of $84,000 based on available data. The foundation appears open to new applicants.
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Geographic Focus
Where this funder awards grants
The Portland Trust II funds projects across multiple U.S. states and cities, including:
- States: Idaho, Ohio, Wisconsin, and Wyoming
- Cities: Cheyenne, Columbus, Driggs, Fish Creek, Gahanna, Jackson, Lander, Moose, and Sturgeon Bay
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $4,680,586
- Total Revenue: $271,801
- Total Expenses: $308,801
- Annual Grants Awarded: $520,000
The foundation's expense ratio is 113.6% of total revenue, indicating it is drawing on assets to support its grantmaking activities. Assets increased 2.6% from the previous year.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,680,586 | $4,718,136 | $4,711,349 |
| Revenue | $271,801 | $300,369 | $463,012 |
| Expenses | $308,801 | $293,581 | $7,118,654 |
| Qualifying Distributions | $279,326 | $267,155 | $7,067,673 |
| Net Investment Income | $243,173 | $274,331 | $427,506 |
| Distributable Amount | $298,275 | $277,412 | $361,533 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
52 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Columbus Academy ($75,000), Community Foundation of Jackson Hole ($45,000), Nature Conservancy ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| COLUMBUS ACADEMY GAHANNA, OH | GENERAL OPERATIONS | $75,000 |
| TETON VALLEY REGIONAL LAND TRUST DRIGGS, ID | GENERAL OPERATING | $2,500 |
| NATURE CONSERVANCY LANDER, WY | GENERAL OPERATING | $25,000 |
| TETON YOUTH AND FAMILY SERVICES JACKSON, WY | GENERAL OPERATING | $15,000 |
| OHIO STATE UNIVERSITY FOUNDATION COLUMBUS, OH | GENERAL OPERATING | $10,000 |
| FUND FOR PUBLIC EDUCATION JACKSON, WY | GENERAL OPERATING | $15,000 |
| NATIONAL MUSEUM OF WILDLIFE ART JACKSON, WY | GENERAL OPERATING | $25,000 |
| ONE22 INC JACKSON, WY | GENERAL OPERATING | $10,000 |
| CHILDREN'S LEARNING CENTER JACKSON, WY | GENERAL OPERATING | $10,000 |
| DANCERS WORKSHOP JACKSON, WY | GENERAL OPERATING | $10,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
US Bank N.A. serves as trustee of the foundation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| US BANK N A | TRUSTEE | 1 | $28,010 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
How do I apply for a grant from The Portland Trust Ii?
The foundation distributed $520,000 in grants in its most recent fiscal year (2024). Recent grants include: • The Columbus Academy: $75,000 (General Operations) • Community Foundation of Jackson Hole: $45,000 (General Operating) • National Museum of Wildlife Art of the United States: $25,000 (General Operating) The foundation made approximately 12 grants in 2024, with an average grant size of $84,000 based on available data. The foundation appears open to new applicants.
Where does The Portland Trust Ii make grants?
The Portland Trust II funds projects across multiple U.S. states and cities, including: • **States:** Idaho, Ohio, Wisconsin, and Wyoming • **Cities:** Cheyenne, Columbus, Driggs, Fish Creek, Gahanna, Jackson, Lander, Moose, and Sturgeon Bay
What size grants does The Portland Trust Ii award?
In 2024, The Portland Trust Ii awarded 14 grants totaling $268K — an average of about $19K per grant, based on its IRS Form 990 filings.
How much is The Portland Trust Ii required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Portland Trust Ii reported a distributable amount of $298K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Portland Trust Ii's EIN?
The Portland Trust Ii's EIN (Employer Identification Number) is 32-6309021. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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