The Truax Family Foundation
The Truax Family Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $534K in total assets. In 2025, it awarded 4 grants totaling $128K. Net investment income was $35K.
The Truax Family Foundation at a glance
In short: The Truax Family Foundation gave $128K across 4 grants in 2025 (avg $32K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $128,000
- -78.6% vs 2024
- Grants made (2025)
- 4
- -20.0% vs 2024
- Average grant
- $32,000
- -73.2% vs 2024
- Median grant
- $27,500
- Total assets
- $533,942
- -16.7% vs 2024
- Primary geography
- Illinois (63% 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 Truax Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Caring Network NFP ($80K across 2 grants). Together the top 3 received $128K.
Grant Size Distribution
33 grants across all recorded years
The most common grant size was under $50K: 20 grants of 33 (61%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How The Truax Family Foundation gives
- Giving fell 67% from 2022 to 2025. Method
- In 2025 it paid out 451% 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 $128K (2025) to $597K (2024). In 2025 it made 4 grants totaling $128K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Caring Network NFP Glen Ellyn, IL | Capital Campaign - Year 2 | $50,000 |
| Caring Network NFP Glen Ellyn, IL | General & Unrestricted | $30,000 |
| Lake Geneva Foundation Lake Geneva, WI | General & Unrestricted | $25,000 |
| Northside Baptist Church Inc of Lexington SC Lexington, SC | General & Unrestricted | $23,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $533,942 | $41,143 | $148,476 | $128,000 | 4 | $141,073 | $35,391 | $31,283 |
| 2024 | $641,275 | $60,607 | $621,321 | $597,000 | 5 | $609,817 | $50,039 | $49,872 |
| 2023 | $1,201,989 | $150,999 | $422,896 | $397,500 | 12 | $410,066 | $108,169 | $60,299 |
| 2022 | $1,473,886 | $16,652 | $419,010 | $392,500 | 7 | $404,909 | $25,780 | $72,926 |
| 2021 | $1,876,244 | $407,363 | $493,643 | $465,000 | 5 | $477,571 | $92,241 | $89,185 |
| 2020 | $1,962,524 | $1,513,091 | $161,820 | $150,000 | 5 | — | $10,190 | $32,876 |
Under IRS private-foundation payout rules, The Truax Family Foundation reported a distributable amount of $31K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Truax Family Foundation is led by Douglas L Truax, Director, President, Secretary & Treasurer on every filing since 2020; none of the 7 officers listed in 2025 report compensation.
Officers on the 2025 filing
Douglas L Truax
Director, President, Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Nicole Truax
Director & Vice President
On filings since 2020
1 hr/week
No compensation reported
Jack Truax
Director
On filings since 2021
1 hr/week
No compensation reported
Kaitlyn Truax
Director
On filings since 2021
1 hr/week
No compensation reported
Kohl Truax
Director
On filings since 2021
1 hr/week
No compensation reported
Avy Davis
Director
On filings since 2022
1 hr/week
No compensation reported
Cameron Davis
Director
On filings since 2023
1 hr/week
No compensation reported
Former officers (1)
- Former: Avy Truax (2021) — Director
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.
Frequently asked questions about The Truax Family Foundation
How much does The Truax Family Foundation give each year?
The Truax Family Foundation gave $128K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $597K across 5 grants.
What is The Truax Family Foundation's typical grant size?
The Truax Family Foundation's median grant in 2025 was $27,500, and its average grant was $32,000, across 4 grants on its 2025 IRS Form 990-PF.
Where does The Truax Family Foundation give grants?
The Truax Family Foundation gives mostly in Illinois: 63% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Wisconsin (20%) and South Carolina (18%). The most frequent recipient cities were Glen Ellyn, IL (2 grants).
Does The Truax Family Foundation give general operating support?
Yes: 75% of The Truax Family Foundation's 2025 grants with a stated purpose (3 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is The Truax Family Foundation?
The Truax Family Foundation reported $534K in total assets on its 2025 IRS Form 990-PF. It paid out $141K in qualifying distributions that year, against a required minimum of $31K (roughly 5% of its investment assets).
What is The Truax Family Foundation's EIN?
The Truax Family Foundation's EIN (Employer Identification Number) is 83-3069942. 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
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 2, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 4, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS July 25, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 9, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 10, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 10, 2026)
- IRS filings on file for fiscal years 2020–2025
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