The Trunk Is up Inc
The Trunk Is up Inc is a private foundation, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.3M in total assets. In 2024, it awarded 9 grants totaling $303K. Net investment income was $1.7M.
The Trunk Is up Inc at a glance
In short: The Trunk Is up Inc gave $303K across 9 grants in 2024 (avg $34K), top state District of Columbia. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $302,500
- +87.9% vs 2023
- Grants made (2024)
- 9
- -40.0% vs 2023
- Average grant
- $33,611
- +213.1% vs 2023
- Median grant
- $15,000
- Total assets
- $6,337,185
- +29.1% vs 2023
- Primary geography
- District of Columbia (48% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Trunk Is up Inc funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
The largest 2024 recipient was Amalgamated Charitable Foundation ($145K). Together the top 9 received $303K.
Grant Size Distribution
37 grants across all recorded years
The most common grant size was under $50K: 35 grants of 37 (95%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 9 itemized grants.
Cities
How The Trunk Is up Inc gives
- Giving grew 718% from 2021 to 2024. Method
- In 2024 it paid out 120% 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 2024, annual grant giving ranged from $25K (2020) to $303K (2024). In 2024 it made 9 grants totaling $303K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Amalgamated Charitable Foundation Washington, DC | General Support | $145,000 |
| Ozuah Family Foundation Chesnut Ridge, NY | General Support | $50,000 |
| Animal Nation South Salem, NY | General Support | $25,000 |
| Brennan Center for Justice New York, NY | General Support | $20,000 |
| Shatterproof Norwalk, CT | General Support | $15,000 |
| Transgender Legal Defense and Education Fund New York, NY | General Support | $15,000 |
| Smile Train New York, NY | General Support | $12,500 |
| Camp Fire Conservation Fund Inc Millwood, NY | General Support | $10,000 |
| King School Stamford, CT | General Support | $10,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $6,337,185 | $2,151,283 | $330,604 | $302,500 | 9 | $257,120 | $1,690,068 | $213,834 |
| 2023 | $4,910,263 | $162,445 | $176,957 | $161,000 | 15 | $163,720 | $172,411 | $248,169 |
| 2022 | $4,924,775 | $1,889,368 | $114,260 | $52,500 | 4 | $110,640 | $915,473 | $231,075 |
| 2021 | $3,908,593 | $4,767,579 | $54,603 | $37,000 | 7 | $52,494 | $1,711,954 | $122,757 |
| 2020 | $1,145,486 | $2,054,513 | $25,000 | $25,000 | 2 | — | $884,243 | — |
Under IRS private-foundation payout rules, The Trunk Is up Inc reported a distributable amount of $214K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Trunk Is up Inc is led by Caroline Manocherian, President & Treasurer As Req'd on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Caroline Manocherian
President & Treasurer As Req'd
On filings since 2020
0.1 hrs/week
No compensation reported
John F. Manocherian
Vice President As Req'd
On filings since 2020
0.1 hrs/week
No compensation reported
Keith Hamlin
Vice President & Sec'y As Req'd
On filings since 2020
0.1 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Trunk Is up Inc
How much does The Trunk Is up Inc give each year?
The Trunk Is up Inc gave $303K across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $161K across 15 grants.
What is The Trunk Is up Inc's typical grant size?
The Trunk Is up Inc's median grant in 2024 was $15,000, and its average grant was $33,611, across 9 grants on its 2024 IRS Form 990-PF.
Where does The Trunk Is up Inc give grants?
The Trunk Is up Inc's top state is District of Columbia, with 48% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were New York (44%) and Connecticut (8%). The most frequent recipient cities were New York, NY (3 grants).
Does The Trunk Is up Inc give general operating support?
Yes: 100% of The Trunk Is up Inc's 2024 grants with a stated purpose (9 of 9) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Trunk Is up Inc's largest grantees?
The Trunk Is up Inc's largest 2024 grantees include Amalgamated Charitable Foundation ($145,000), Ozuah Family Foundation ($50,000) and Animal Nation ($25,000), according to its 2024 IRS Form 990-PF. Together they received 73% of its itemized 2024 grant dollars.
How large is The Trunk Is up Inc?
The Trunk Is up Inc reported $6.3M in total assets on its 2024 IRS Form 990-PF. It paid out $257K in qualifying distributions that year, against a required minimum of $214K (roughly 5% of its investment assets).
What is The Trunk Is up Inc's EIN?
The Trunk Is up Inc's EIN (Employer Identification Number) is 85-2520473. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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