Trust Funds Incorporated
Trust Funds Incorporated is a private foundation based in Sacramento, California. Its 2025 filing describes a policy of making contributions only to preselected charitable organizations and not accepting unsolicited requests for funds.
Trust Funds Incorporated at a glance
In short: Trust Funds Incorporated gave $535K across 39 grants in 2025 (avg $14K), mostly in California. 53% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $535,000
- +3.7% vs 2024
- Grants made (2025)
- 39
- -23.5% vs 2024
- Average grant
- $13,718
- +35.7% vs 2024
- Median grant
- $15,000
- Total assets
- $4,052,590
- -1.0% vs 2024
- New grantees (estimate)
- 53% first-time grantees (16 of 30, 2025)
- Primary geography
- California (94% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Trust Funds Incorporated
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests. It states that it makes contributions only to preselected charitable organizations. For Catholic elementary and high schools, it describes an application form for grants for specific purposes, such as textbooks, audio-visual equipment, religious education materials, tuition assistance, computers, software, and classroom furniture, together with specific data about the school. Other applicants must use a different form requesting a comprehensive description of need and specific organizational data. The filing identifies Elizabeth M Kelley, President, as the contact. An individual recipient Bay Area organizations and Catholic charities are favored.
- Review Cycle
- Quarterly deadlines for application submissions.
- Deadline
- Quarterly deadlines for application submissions.
- Contact
Application contact: Elizabeth M Kelley President
Mailing address: 1104 Corporate Way, Sacaramento, CA 95831
Phone: (916) 395-4472
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Trust Funds Incorporated funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was St Vincent De Paul Society District Council of Marin ($25K). Together the top 10 received $203K.
Organizations only. It also paid 8 individual scholarships ($120,000), which are not listed by name.
Grant Size Distribution
204 grants across all recorded years
The most common grant size was under $50K: 204 grants of 204 (100%).
Geographic Focus
Where this funder awards grants
The foundation reported that 94% of its 2025 grant dollars went to recipients in California, 3% to Virginia, and 1% each to New Jersey and the District of Columbia.
Grant Distribution by State
Share of 2025 grant dollars across all 39 itemized grants.
Cities
Is Trust Funds Incorporated open to new grantees?
53%
first-time grantees, 2025
In 2025, 16 of 30 grantees (53%) were first-time recipients. First grants averaged $14K; repeat grants $12K. How we count
Medians: $15K first-time, $15K repeat.
- 20% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+17%). Method
- In 2025 it paid out 108% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $398K (2021) to $535K (2025). In 2025 it made 39 grants totaling $535K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Vincent De Paul Society District Council of Marin San Rafael, CA | General Funding | $25,000 |
| 8 individual scholarships Recipients not named | — | $120,000 |
| Dominican Sisters of Mission San Jose Fremont, CA | General Funding | $20,000 |
| Good Shepherd Gracenter San Francisco, CA | General Funding | $20,000 |
| Pregnancy Support Group of Woodland - Spero Medical Woodland, CA | General Funding | $20,000 |
| Sacramento Life Center Sacramento, CA | General Funding | $20,000 |
| Society of St Vincent De Paul Sacramento Sacramento, CA | General Funding | $20,000 |
| South Sacramento Interfaith Partnership Sacramento, CA | General Funding | $20,000 |
| SVDP Contra Costa County Pleasant Hill, CA | General Funding | $20,000 |
| St Vincent De Paul District Council of Sonoma Rohnert Park, CA | General Funding | $20,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $4,052,590 | $848,523 | $874,578 | $535,000 | 39 | $576,228 | $572,382 | $531,770 |
| 2024 | $4,093,645 | $899,710 | $757,250 | $515,700 | 51 | $585,217 | $748,779 | $510,131 |
| 2023 | $3,936,185 | $850,549 | $716,245 | $484,300 | 42 | $544,245 | $687,353 | $478,592 |
| 2022 | $3,801,880 | $748,444 | $703,616 | $458,300 | 39 | $527,461 | $589,454 | $495,863 |
| 2021 | $3,761,928 | $739,134 | $644,133 | $397,870 | 33 | $459,551 | $580,020 | $413,743 |
| 2020 | $3,695,449 | $394,580 | $631,640 | $437,500 | 45 | — | $274,553 | $485,460 |
Under IRS private-foundation payout rules, Trust Funds Incorporated reported a distributable amount of $532K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its grants show support for Catholic education and charitable organizations. For example, an individual recipient High School Sacramento describes its mission as providing Catholic, college-preparatory education and professional work experience to students with limited financial resources. South Sacramento Interfaith Partnership says it distributes food and works to alleviate food insecurity for Sacramento-area residents. Sacramento Life Center describes its work as providing support, resources, and free medical services to women and families facing an unplanned or unsupported pregnancy.
Grantmaking
In 2025, the foundation reported 39 grants totaling $535,000. Grant amounts ranged from $2,500 to $25,000, with a median of $15,000.
Among its 2025 grants were $25,000 to an individual recipient de Paul Society District Council of Marin for general funding; $20,000 each to an individual recipient High School Sacramento and an individual recipient San Jose Jesuit High School for tuition assistance; and $20,000 each to South Sacramento Interfaith Partnership and Sacramento Life Center for general funding.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Elizabeth M Kelley as President, John Strain as Secretary, Alfred A Peguero as CFO, and Margaret Healy Vibandor and Mary Beth Riley as Directors.
Trust Funds Incorporated is led by Elizabeth M. Kelley, President since 2022 (on filings since 2021); 3 of 5 officers listed in 2025 are compensated.
Officers on the 2025 filing
Elizabeth M. Kelley
President
Director Feb', CFO Feb-July' & President Aug' → President, 2022
On filings since 2021
30 hrs/week
$26K (2021) → $57K (2025)
Margaret Healy Vibandor
Director
On filings since 2024
2 hrs/week
$2K (2024) → $3K (2025)
Mary Beth Riley
Director
New on the 2025 filing
2 hrs/week
No compensation reported
John Strain
Secretary
Secretary → Secretary & CFO, 2021
Secretary & CFO → Secretary, 2023
On filings since 2020
6 hrs/week
$500 (2020) → $0 (2025)
Alfred A. Peguero
CFO
Director - Feb → CFO, 2023
On filings since 2022
10 hrs/week
$1K (2022) → $6K (2025)
Former officers (6)
- Former: Margaret Healy Viband (2023) — Director
- Former: Mary Hudler (2020–2022) — Director to Nov
- Former: Brian O'Hearn (2021–2022) — Director to Jun
- Former: James T. Healy (2020–2021) — President - July' & Director Aug'
- Former: Thomas F. Kubasak (2020–2021) — CFO to Feb'
- Former: Liz Kelley (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $57K, to Elizabeth M Kelley (President). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Trust Funds Incorporated
How much does Trust Funds Incorporated give each year?
Trust Funds Incorporated gave $535K across 39 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $516K across 51 grants.
What is Trust Funds Incorporated's typical grant size?
Trust Funds Incorporated's median grant in 2025 was $15,000, and its average grant was $13,718, across 39 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Trust Funds Incorporated that year got $14K on average.
Where does Trust Funds Incorporated give grants?
Trust Funds Incorporated gives mostly in California: 94% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Sacramento, CA (4 grants), San Francisco, CA (3 grants) and San Rafael, CA (2 grants).
Does Trust Funds Incorporated give general operating support?
Yes: 56% of Trust Funds Incorporated's 2025 grants with a stated purpose (22 of 39) were for general or operating support, per its 2025 IRS Form 990-PF. Recurring purposes include "Tuition Assistance" (15 grants).
Who are Trust Funds Incorporated's largest grantees?
Trust Funds Incorporated's largest 2025 grantees include St Vincent De Paul Society District Council of Marin ($25,000), Dominican Sisters of Mission San Jose ($20,000) and Good Shepherd Gracenter ($20,000), according to its 2025 IRS Form 990-PF. It also paid 8 individual scholarships ($120,000), which are not listed by name. Together they received 12% of its itemized 2025 grant dollars.
How large is Trust Funds Incorporated?
Trust Funds Incorporated reported $4.1M in total assets on its 2025 IRS Form 990-PF. It paid out $576K in qualifying distributions that year, against a required minimum of $532K (roughly 5% of its investment assets).
What does Trust Funds Incorporated fund?
No mission statement for the foundation is provided. Its grants show support for Catholic education and charitable organizations. See mission & focus areas ↑
How do I apply for a grant from Trust Funds Incorporated?
The foundation does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Trust Funds Incorporated's EIN?
Trust Funds Incorporated's EIN (Employer Identification Number) is 94-6062952. IRS Form 990 filing data is available on this page for 2020–2025.
Does Trust Funds Incorporated accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Trust Funds Incorporated funder profile. GrantGraph. Retrieved October 10, 2026, from https://grantable.co/funders/trust-funds-incorporated-morg_b60476a190524f6a83588ab7383ebf22
BibTeX
@misc{grantable_946062952_2026,
author = {{Grantable}},
title = {{Trust Funds Incorporated funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/trust-funds-incorporated-morg_b60476a190524f6a83588ab7383ebf22},
note = {Accessed 2026-10-10. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Trust Funds Incorporated's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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