Tru Needs Inc
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.
Tru Needs Inc at a glance
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.
- Annual giving (2024)
- $1,410,000
- +252.5% vs 2023
- Grants made (2024)
- 6
- +200.0% vs 2023
- Average grant
- $235,000
- +17.5% vs 2023
- Median grant
- $275,000
- Total assets
- $542,858
- -70.7% vs 2023
- Primary geography
- District of Columbia (32% 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 Tru Needs Inc funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Lifenet ($450K). Together the top 6 received $1.4M.
Grant Size Distribution
26 grants across all recorded years
The most common grant size was in the $50–100K range: 8 grants of 26 (31%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $325K (2021) to $1.4M (2024). In 2024 it made 6 grants totaling $1.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Lifenet Washington DC, DC | General Support | $450,000 |
| Heart for Lebanon Black Mountain, NC | General Support | $300,000 |
| One Way Ministries Aurora, IL | General Support | $300,000 |
| Cure International Grand Rapids, MI | General Support | $250,000 |
| Chosen People Ministries New York, NY | General Support | $100,000 |
| Washington Evangelical Free Church Valparaiso, IN | 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 | $542,858 | $92,967 | $1,411,103 | $1,410,000 | 6 | $1,410,000 | $73,589 | $77,341 |
| 2023 | $1,853,669 | $49,669 | $403,000 | $400,000 | 2 | $400,000 | $5,599 | $107,213 |
| 2022 | $2,203,484 | $37 | $524,000 | $524,000 | 7 | $524,000 | $37 | $129,761 |
| 2021 | $2,727,447 | $14 | $325,000 | $325,000 | 6 | $325,000 | $14 | $148,999 |
| 2020 | $3,052,433 | $34 | $339,584 | $333,000 | 5 | — | $34 | $165,502 |
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.
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.
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 August 26, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 29, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 29, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS September 29, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Tru Needs Inc funds
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