The Portland Trust Ii

MILWAUKEE, WI EIN: 32-6309021

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

+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.

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

Wisconsin $7.1M (88%)

Wyoming $628K (8%)

Ohio $340K (4%)

Idaho $8K (0%)

States

Idaho Ohio Wisconsin Wyoming

Cities

CheyenneColumbusDriggsFish CreekGahannaJacksonLanderMooseSturgeon Bay

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.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Philanthropy, Voluntarism & Grantmaking

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.