Walter N Charles Trust
Support the American cancer society and the American national red cross.
Walter N Charles Trust at a glance
In short: Walter N Charles Trust gave $50K across 2 grants in 2025 (avg $25K), mostly in Maryland. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $50,252
- +22.5% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $25,126
- +22.5% vs 2024
- Median grant
- $25,126
- Total assets
- $765,650
- +0.8% vs 2024
- Primary geography
- Maryland (50% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Walter N Charles Trust funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was American Cancer Society ($25K). Together the top 2 received $50K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 10 grants of 10 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Walter N Charles Trust gives
- Giving held roughly steady from 2022 to 2025 (+18%). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $39K (2019) to $50K (2025). In 2025 it made 2 grants totaling $50K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Cancer Society Hagerstown, MD | Required Income Dist | $25,126 |
| American Red Cross Washington, DC | Annual Distribution | $25,126 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $765,650 | $66,436 | $60,001 | $50,252 | 2 | $66,436 |
| 2024 | $759,215 | $71,883 | $50,515 | $41,006 | 2 | $71,883 |
| 2023 | $737,847 | $51,881 | $49,537 | $40,744 | 2 | $51,881 |
| 2022 | $735,503 | $26,541 | $51,816 | $42,681 | 2 | $26,541 |
| 2021 | $760,778 | $87,548 | $54,978 | $44,970 | 2 | $87,548 |
| 2020 | $728,208 | $47,091 | $47,787 | $39,222 | 2 | $47,091 |
| 2019 | $728,904 | $126,713 | $46,990 | $38,502 | 2 | $126,713 |
About Walter N Charles Trust
Based on IRS filings
Walter N Charles Trust is a public charity, based in Iowa City, IA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $766K in total assets. In 2025, it awarded 2 grants totaling $50K. Net investment income was $66K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Walter N Charles Trust's only listed officer is Midwestone Bank Allan Walz, Trustee on the 2025 filing (compensated).
Officers on the 2025 filing
Midwestone Bank Allan Walz
Trustee
New on the 2025 filing
2 hrs/week
$8K (2025)
Former officers (1)
- Former: Midwestone Bank Sandra Morrow VP (2019–2024) — Trustee
Data from IRS Form 990 filings, 2019–2025. "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 $8K, to Midwestone Bank Allan Walz (Trustee).
Frequently asked questions about Walter N Charles Trust
How much does Walter N Charles Trust give each year?
Walter N Charles Trust gave $50K across 2 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $41K across 2 grants.
How large is Walter N Charles Trust?
Walter N Charles Trust reported $766K in total assets on its 2025 IRS Form 990. Its revenue that year was $66K.
Where does Walter N Charles Trust operate?
Walter N Charles Trust has awarded grants in District of Columbia, Maryland, Oklahoma.
What is Walter N Charles Trust's EIN?
Walter N Charles Trust's EIN (Employer Identification Number) is 42-6326753. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS May 21, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS March 5, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS February 4, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS February 16, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 6, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS March 19, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS April 27, 2026)
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