The Truax Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $641K in total assets. In 2024, it awarded 5 grants totaling $597K. Net investment income was $50K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$641K
-46.6% YoY
Annual Giving
$597K
+50.2% YoY
Grant Count
5
-58.3% YoY
Avg Grant Size
$119K
+260.5% YoY
Under IRS private-foundation payout rules, The Truax Family Foundation reported a distributable amount of $50K for 2024 — the minimum it must pay out in qualifying distributions.
About The Truax Family Foundation
Based on IRS filings
The Truax Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $641K in total assets. In 2024, it awarded 5 grants totaling $597K. Net investment income was $50K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $641,275 | $1,201,989 | $1,473,886 |
| Revenue | $60,607 | $150,999 | $16,652 |
| Expenses | $621,321 | $422,896 | $419,010 |
| Qualifying Distributions | $609,817 | $410,066 | $404,909 |
| Net Investment Income | $50,039 | $108,169 | $25,780 |
| Distributable Amount | $49,872 | $60,299 | $72,926 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
34 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Family Bible Church Inc of Ponte Vedra Florida ($450,000), Center for Biblical Unity ($100,000), Northside Baptist Church Inc of Lexington South Ca ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CENTER FOR BIBLICAL UNITY UPLAND, CA | funds for hiring a donor Relations Assistant and Assistant Media Specialist, a website refresh, and 2025 Conference | $100,000 |
| FAMILY BIBLE CHURCH INC OF PONTE VEDRA FLORIDA PONTE VEDRA, FL | New Building Fund | $450,000 |
| LAKE GENEVA FOUNDATION LAKE GENEVA, WI | to purchase New Support Beam | $15,000 |
| LAKE GENEVA FOUNDATION LAKE GENEVA, WI | to Purchase New Boiler | $12,000 |
| NORTHSIDE BAPTIST CHURCH INC OF LEXINGTON SOUTH CA LEXINGTON, SC | General & Unrestricted | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Avy Davis | Dir | 1 | — |
| Cameron Davis | Dir | 1 | — |
| Douglas L Truax | Dir, Pres, Sec, Treas | 1 | — |
| Jack Truax | Dir | 1 | — |
| Kaitlyn Truax | Dir | 1 | — |
| Kohl Truax | Dir | 1 | — |
| Nicole Truax | Dir, VP | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Truax Family Foundation?
The Truax Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $641K in total assets as of 2024.
How large is The Truax Family Foundation?
As of 2024, The Truax Family Foundation holds $641K in total assets with $61K in annual revenue. It awarded 5 grants totaling $597K in 2024.
Where does The Truax Family Foundation operate?
The Truax Family Foundation has awarded grants in California, Colorado, Florida, Georgia, Iowa, Illinois, Mississippi, South Carolina, Utah, Wisconsin.
What size grants does The Truax Family Foundation award?
In 2024, The Truax Family Foundation awarded 5 grants totaling $597K — an average of about $119K per grant, based on its IRS Form 990 filings.
How much is The Truax Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Truax Family Foundation reported a distributable amount of $50K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Truax Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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