Wallace & Wilma Laughlin Fndn Trust Cornerstone Bank Trustee
Wallace & Wilma Laughlin Fndn Trust Cornerstone Bank Trustee is a private foundation, based in York, NE. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $40K in total assets. In 2025, it awarded 1 grant totaling $2K. Net investment income was $2K.
Wallace & Wilma Laughlin Fndn Trust Cornerstone Bank Trustee at a glance
In short: Wallace & Wilma Laughlin Fndn Trust Cornerstone Bank Trustee gave $2K across 1 grant in 2025 (avg $2K), mostly in Nebraska. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,900
- -9.5% vs 2024
- Grants made (2025)
- 1
- -50.0% vs 2024
- Average grant
- $1,900
- +81.0% vs 2024
- Median grant
- $1,900
- Total assets
- $40,096
- -0.1% vs 2024
- Primary geography
- Nebraska (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Wallace & Wilma Laughlin Fndn Trust Cornerstone Bank Trustee funds
How this funder distributes its grants
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 8 grants of 8 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Wallace & Wilma Laughlin Fndn Trust Cornerstone Bank Trustee gives
- Giving held roughly steady from 2022 to 2025 (−17%). Method
- In 2025 it paid out 84% 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 2021 to 2025, annual grant giving ranged from $2K (2025) to $3K (2023). In 2025 it made 1 grant totaling $2K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $1,900 |
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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 | $40,096 | $2,896 | $2,947 | $1,900 | 1 | $1,900 | $1,742 | $2,267 |
| 2024 | $40,147 | $2,506 | $3,191 | $2,100 | 2 | $2,100 | $1,173 | $2,241 |
| 2023 | $40,832 | $3,351 | $3,530 | $2,500 | 1 | $2,688 | $2,788 | $2,232 |
| 2022 | $41,011 | $3,119 | $3,328 | $2,300 | 2 | $2,558 | $1,774 | $2,461 |
| 2021 | $41,220 | $3,084 | $3,226 | $2,250 | 2 | — | $1,584 | $2,545 |
Under IRS private-foundation payout rules, Wallace & Wilma Laughlin Fndn Trust Cornerstone Bank Trustee reported a distributable amount of $2K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Wallace & Wilma Laughlin Fndn Trust Cornerstone Bank Trustee's only listed officer is Cornerstone Bank, Trustee on every filing since 2021 (compensated).
Officers on the 2025 filing
Cornerstone Bank
Trustee
On filings since 2021
$316 (2021) → $281 (2025)
Data from IRS Form 990 filings, 2021–2025. "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 $281, to Cornerstone Bank (Trustee).
Frequently asked questions about Wallace & Wilma Laughlin Fndn Trust Cornerstone Bank Trustee
How much does Wallace & Wilma Laughlin Fndn Trust Cornerstone Bank Trustee give each year?
Wallace & Wilma Laughlin Fndn Trust Cornerstone Bank Trustee gave $2K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $2K across 2 grants.
How large is Wallace & Wilma Laughlin Fndn Trust Cornerstone Bank Trustee?
Wallace & Wilma Laughlin Fndn Trust Cornerstone Bank Trustee reported $40K in total assets on its 2025 IRS Form 990-PF. It paid out $2K in qualifying distributions that year, against a required minimum of $2K (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.
Where does Wallace & Wilma Laughlin Fndn Trust Cornerstone Bank Trustee operate?
Wallace & Wilma Laughlin Fndn Trust Cornerstone Bank Trustee has awarded grants in Nebraska.
What is Wallace & Wilma Laughlin Fndn Trust Cornerstone Bank Trustee's EIN?
Wallace & Wilma Laughlin Fndn Trust Cornerstone Bank Trustee's EIN (Employer Identification Number) is 47-6137098. IRS Form 990 filing data is available on this page for 2021–2025.
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 2021 (received by the IRS November 20, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 29, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS September 20, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS September 20, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS December 23, 2025)
- IRS filings on file for fiscal years 2021–2025
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