Tru Needs Inc

Private foundation · Grantmaker Chicago, IL EIN: 46-1429070

Tru Needs Inc is a private foundation, based in Chicago, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $543K in total assets. In 2024, it awarded 6 grants totaling $1.4M. Net investment income was $74K.

Key facts about Tru Needs Inc

In short: Tru Needs Inc gave $1.4M across 6 grants in 2024 (avg $235K), top state District of Columbia. Source: 2024 IRS Form 990-PF.

EIN
46-1429070
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$1,410,000
Grants made (2024)
6
Average grant
$235,000
Median grant
$275,000
Total assets
$542,858
Primary geography
District of Columbia (32% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated October 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$543K

-70.7% YoY

Annual Giving

$1.4M

+252.5% YoY

Grant Count

6

+200.0% YoY

Avg Grant Size

$235K

+17.5% YoY

Under IRS private-foundation payout rules, Tru Needs Inc reported a distributable amount of $77K for 2024 — the minimum it must pay out in qualifying distributions.

How Tru Needs Inc gives

  • Giving grew 334% from 2021 to 2024. Method
  • In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

10states

Share of 2024 grant dollars across all 6 itemized grants.

Cities

Washington DCNew YorkAguadillaNapervilleOrlandoAuroraChicagoDowners GroveGalaxGrand RapidsGuaynaboHillsboroLousivilleValparaiso

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M5 grants2020 6 grants2021 7 grants2022 2 grants2023 6 grants2024

From 2020 to 2024, annual grant giving ranged from $325K (2021) to $1.4M (2024). In 2024 it made 6 grants totaling $1.4M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Lifenet: $450KLifenet$450KHeart for Lebanon: $300KHeart for Lebanon$300KOne Way Ministries: $300KOne Way Ministries$300KCure International: $250KCure International$250KChosen People Ministries: $100KChosen People Ministries$100KWashington Evangelical Free Church: $10KWashington Evangelical FreeChurch$10K

The largest 2024 recipient was Lifenet ($450K). Together the top 6 received $1.4M.

Grant Size Distribution

26 grants across all recorded years

6<$50K8$50–100K7$100–250K5$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $50–100K range: 8 grants of 26 (31%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Lifenet Washington DC, DCGeneral Support$450,000
Heart for Lebanon Black Mountain, NCGeneral Support$300,000
One Way Ministries Aurora, ILGeneral Support$300,000
Cure International Grand Rapids, MIGeneral Support$250,000
Chosen People Ministries New York, NYGeneral Support$100,000
Washington Evangelical Free Church Valparaiso, INGeneral Support$10,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M$2M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$542,858$1,853,669$2,203,484
Revenue$92,967$49,669$37
Expenses$1,411,103$403,000$524,000
Qualifying Distributions$1,410,000$400,000$524,000
Net Investment Income$73,589$5,599$37
Distributable Amount$77,341$107,213$129,761

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS August 26, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS August 29, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS August 29, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS September 29, 2025)
  6. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Tru Needs Inc is led by Douglas Adams, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Douglas Adams

    President

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Meredith Adams

    Director

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Laura Adams

    Director

    On filings since 2022

    2 hrs/week

    No compensation reported

Former officers (1)
  • Former: Jay Adams (2020–2021) — Director

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 Tru Needs Inc

How much does Tru Needs Inc give each year?

Tru Needs Inc gave $1.4M across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $400K across 2 grants.

What is Tru Needs Inc's typical grant size?

Tru Needs Inc's median grant in 2024 was $275,000, and its average grant was $235,000, across 6 grants on its 2024 IRS Form 990-PF.

Where does Tru Needs Inc give grants?

Tru Needs Inc's top state is District of Columbia, with 32% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were North Carolina (21%) and Illinois (21%).

Does Tru Needs Inc give general operating support?

Yes: 100% of Tru Needs Inc's 2024 grants with a stated purpose (6 of 6) were for general or operating support, per its 2024 IRS Form 990-PF.

Who are Tru Needs Inc's largest grantees?

Tru Needs Inc's largest 2024 grantees include Lifenet ($450,000), Heart for Lebanon ($300,000) and One Way Ministries ($300,000), according to its 2024 IRS Form 990-PF. Together they received 74% of its itemized 2024 grant dollars.

How large is Tru Needs Inc?

Tru Needs Inc reported $543K in total assets on its 2024 IRS Form 990-PF. It paid out $1.4M in qualifying distributions that year, against a required minimum of $77K (roughly 5% of its investment assets).

What is Tru Needs Inc's EIN?

Tru Needs Inc's EIN (Employer Identification Number) is 46-1429070. 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.

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