Virgil Adkins Trust 117702

Private foundation · Grantmaker Evansville, IN EIN: 41-1642234

Virgil Adkins Trust 117702 is a private foundation, based in Evansville, IN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.3M in total assets. In 2025, it awarded 5 grants totaling $65K. Net investment income was $142K.

Key facts about Virgil Adkins Trust 117702

In short: Virgil Adkins Trust 117702 gave $65K across 5 grants in 2025 (avg $13K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.

EIN
41-1642234
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$64,501
Grants made (2025)
5
Average grant
$12,900
Median grant
$9,675
Total assets
$1,290,001
Primary geography
Minnesota (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.3M

+4.9% YoY

Annual Giving

$65K

+11.2% YoY

Grant Count

5

+0.0% YoY

Avg Grant Size

$13K

+11.2% YoY

Under IRS private-foundation payout rules, Virgil Adkins Trust 117702 reported a distributable amount of $71K for 2025 — the minimum it must pay out in qualifying distributions.

How Virgil Adkins Trust 117702 gives

  • Giving held roughly steady from 2022 to 2025 (−9%). Method
  • In 2025 it paid out 112% of 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

1state

Share of all 5 itemized 2025 grant dollars.

States

Cities

MinneapolisFoleyMilacaSt. PaulLittle Canada

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K$80K5 grants20205 grants20215 grants20225 grants20235 grants20245 grants2025

From 2020 to 2025, annual grant giving ranged from $58K (2024) to $71K (2022). In 2025 it made 5 grants totaling $65K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2025

Vision Loss Resources Inc: $26KVision Loss Resources Inc$26KSight & Hearing Association: $19KSight & Hearing Association$19KCourage Kenny Foundation: $10KCourage Kenny Foundation$10KFoley School District: $5KFoley School District$5KMilaca Public Schools: $5KMilaca Public Schools$5K

The largest 2025 recipient was Vision Loss Resources Inc ($26K). Together the top 5 received $65K.

Grant Size Distribution

25 grants across all recorded years

25<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 25 grants of 25 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Vision Loss Resources Inc Little Canada, MNProgram Support$25,800
Sight & Hearing Association St. Paul, MNGral Operating Charitable$19,350
Courage Kenny Foundation Minneapolis, MNProgram Support$9,675
Foley School District Foley, MNScholarships$4,838
Milaca Public Schools Milaca, MNScholarships$4,838

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K$200K202020212022202320242025
Metric202520242023
Total Assets$1,290,001$1,230,249$1,201,964
Revenue$147,312$108,853$85,525
Expenses$87,023$79,455$79,401
Qualifying Distributions$79,907$62,841$65,883
Net Investment Income$141,880$93,351$70,499
Distributable Amount$71,370$69,263$62,428

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 April 27, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 6, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 8, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 6, 2025)
  6. Updated Form 990-PF for fiscal year 2025 (received by the IRS April 23, 2026)
  7. IRS filings on file for fiscal years 2020–2025

Leadership & Key People

Officers and directors from IRS filings

Virgil Adkins Trust 117702's 2025 filing lists 2 officers; all 2 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • Mark Torell

    Co-Trustee

    New on the 2025 filing

    1 hr/week

    $500 (2025)

  • OLD National Wealth Mgmt

    Co-Trustee

    New on the 2025 filing

    1 hr/week

    $19K (2025)

Former officers (1)
  • Former: Bremer Bank N A (2020–2024) — Trustee

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

Old National Wealth Mgmt — Co-Trustee: $19KOld National Wealth MgmtCo-Trustee$19KMark Torell — Co-Trustee: $500Mark TorellCo-Trustee$500

The highest reported compensation on the 2025 filing was $19K, to Old National Wealth Mgmt (Co-Trustee). 2 officers or directors reported compensation on that filing.

Frequently asked questions about Virgil Adkins Trust 117702

How much does Virgil Adkins Trust 117702 give each year?

Virgil Adkins Trust 117702 gave $65K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $58K across 5 grants.

What is Virgil Adkins Trust 117702's typical grant size?

Virgil Adkins Trust 117702's median grant in 2025 was $9,675, and its average grant was $12,900, across 5 grants on its 2025 IRS Form 990-PF.

Where does Virgil Adkins Trust 117702 give grants?

Virgil Adkins Trust 117702 gives mostly in Minnesota: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.

Does Virgil Adkins Trust 117702 give general operating support?

Yes: 20% of Virgil Adkins Trust 117702's 2025 grants with a stated purpose (1 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.

Who are Virgil Adkins Trust 117702's largest grantees?

Virgil Adkins Trust 117702's largest 2025 grantees include Vision Loss Resources Inc ($25,800), Sight & Hearing Association ($19,350) and Courage Kenny Foundation ($9,675), according to its 2025 IRS Form 990-PF. Together they received 85% of its itemized 2025 grant dollars.

How large is Virgil Adkins Trust 117702?

Virgil Adkins Trust 117702 reported $1.3M in total assets on its 2025 IRS Form 990-PF. It paid out $80K in qualifying distributions that year, against a required minimum of $71K (roughly 5% of its investment assets).

What is Virgil Adkins Trust 117702's EIN?

Virgil Adkins Trust 117702's EIN (Employer Identification Number) is 41-1642234. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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