Thomas J Cossey Trust
Thomas J Cossey Trust is a private foundation, based in Terre Haute, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $13.4M in total assets. In 2024, it awarded 3 grants totaling $700K. Net investment income was $940K.
Thomas J Cossey Trust at a glance
In short: Thomas J Cossey Trust gave $700K across 3 grants in 2024 (avg $233K), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $700,000
- +4.5% vs 2023
- Grants made (2024)
- 3
- -40.0% vs 2023
- Average grant
- $233,333
- +74.1% vs 2023
- Median grant
- $140,000
- Total assets
- $13,400,928
- +1.8% vs 2023
- Primary geography
- Illinois (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Thomas J Cossey Trust funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Young Mens Christian Association Danville Family Ymca ($420K). Together the top 3 received $700K.
Grant Size Distribution
23 grants across all recorded years
The most common grant size was in the $50–100K range: 10 grants of 23 (43%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How Thomas J Cossey Trust gives
- Giving grew 67% from 2021 to 2024. Method
- In 2024 it paid out 92% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 $215K (2020) to $700K (2024). In 2024 it made 3 grants totaling $700K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Young Mens Christian Association Danville Family Ymca Danville, IL | General Purpose | $420,000 |
| Your Family Resource Connection Inc Danville, IL | General Funding | $140,000 |
| Lakeview College of Nursing Endowment Danville, IL | General Purpose | $140,000 |
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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 | $13,400,928 | $1,008,781 | $773,222 | $700,000 | 3 | $700,015 | $940,406 | $759,776 |
| 2023 | $13,165,228 | $447,357 | $733,932 | $670,000 | 5 | $670,030 | $385,580 | $696,449 |
| 2022 | $13,556,843 | $8,315,139 | $576,319 | $420,000 | 5 | $420,015 | $8,177,372 | $450,707 |
| 2021 | $5,830,258 | $835,885 | $483,011 | $418,820 | 5 | $418,835 | $777,711 | $409,648 |
| 2020 | $5,476,743 | $276,749 | $282,668 | $214,590 | 5 | — | $213,887 | $414,340 |
Under IRS private-foundation payout rules, Thomas J Cossey Trust reported a distributable amount of $760K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Thomas J Cossey Trust's only listed officer is First Financial Bank, Trustee on every filing since 2020 (compensated).
Officers on the 2024 filing
First Financial Bank
Trustee
On filings since 2020
1 hr/week
$2K (2020) → $60K (2024)
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $60K, to First Financial Bank (Trustee).
Frequently asked questions about Thomas J Cossey Trust
How much does Thomas J Cossey Trust give each year?
Thomas J Cossey Trust gave $700K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $670K across 5 grants.
What is Thomas J Cossey Trust's typical grant size?
Thomas J Cossey Trust's median grant in 2024 was $140,000, and its average grant was $233,333, across 3 grants on its 2024 IRS Form 990-PF.
Where does Thomas J Cossey Trust give grants?
Thomas J Cossey Trust gives mostly in Illinois: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Danville, IL (3 grants).
Does Thomas J Cossey Trust give general operating support?
Yes: 100% of Thomas J Cossey Trust's 2024 grants with a stated purpose (3 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Thomas J Cossey Trust?
Thomas J Cossey Trust reported $13.4M in total assets on its 2024 IRS Form 990-PF. It paid out $700K in qualifying distributions that year, against a required minimum of $760K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Thomas J Cossey Trust's EIN?
Thomas J Cossey Trust's EIN (Employer Identification Number) is 45-6873341. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 22, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 29, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 31, 2025)
- IRS filings on file for fiscal years 2020–2024
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