Ws & Ec Jones Testamentary Trust
The WS & EC Jones Testamentary Trust is a private foundation based in Dallas, Texas, established in 1976. The trust was created from the estates of Walter S. Jones and Evan C. Jones, whose backgrounds as successful farmers and cattlemen shaped the foundation's philanthropic priorities. The trust operates as a 501(c)(3) private foundation with a single employee.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$59.4M
+0.2% YoY
Annual Giving
$6.1M
-18.0% YoY
Grant Count
26
+0.0% YoY
Avg Grant Size
$235K
-18.0% YoY
Mission & Focus Areas
The trust's mission centers on providing educational and medical support, with a particular emphasis on community development and human services initiatives. The foundation's scope has evolved from its original focus on funding the development of a polio cure to encompassing broader charitable endeavors aligned with community improvement and capacity building.
Primary funding areas include:
- Education
- Medical support
- Human services
- Community development
- General operations and capital projects
Grantmaking
The trust demonstrates substantial grantmaking activity with total giving of $6,099,071 in its most recent fiscal year. Typical grant awards range from $5,000 to $1,904,000.
Review Cycle
on the 20th of March, June, September, and December for consideration at subsequent grant meetings.
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Geographic Focus
Where this funder awards grants
The trust primarily funds initiatives in Lyon, Coffey, and Osage counties in Kansas, reflecting the founders' historical ties to the region. While based in Dallas, Texas, the trust's grantmaking is concentrated in Kansas communities.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets: $59,439,379 (as of 2025)
Total Giving: $6,099,071 (most recent fiscal year)
Total Revenues: $8,676,722 (2025)
Total Expenses: $7,914,311 (2025)
The trust maintains substantial assets and demonstrates consistent annual grantmaking activity, with revenues primarily derived from investment income.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $59,439,379 | $59,292,965 | $61,887,641 |
| Revenue | $8,676,722 | $5,726,518 | $4,569,825 |
| Expenses | $7,914,311 | $9,132,378 | $6,538,424 |
| Qualifying Distributions | $6,703,747 | $8,022,065 | $5,378,071 |
| Net Investment Income | $7,574,107 | $4,653,067 | $4,338,111 |
| Distributable Amount | $6,987,684 | $6,586,049 | $6,913,575 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
126 grants across all recorded years
Open Grants
1 open opportunity from Ws & Ec Jones Testamentary Trust
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Key personnel include:
- Bank of America N.A. – Managing Director/Trustee (compensation: $596,946)
- Gregory A. Bachman – Advisory Committee member
- Max Stewart Jr. – Trustee
- Cheryl Mussatto – Advisory Committee member
- Jeffry J. Larson – Advisory Committee member
- Megan Anna Evans – Advisory Committee member
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BANK OF AMERICA | TRUSTEE | 1 | $631,572 |
| GREGORY A BACHMAN | ADV COMM | 1 | $1,000 |
| JEFFRY J LARSON | ADV COMM | 1 | $1,000 |
| CHERYL MUSSATTO | ADV COMM | 1 | $1,000 |
| MEGAN ANNA EVANS | ADV COMM | 1 | $1,000 |
Recent News & Activity
Recent developments and announcements
The trust has made several significant grants in recent years supporting educational and community development initiatives in Kansas:
Jones Trust grants Southwick House $1 million for transitional housing facilityA $1 million grant to Southwick House for a transitional housing facility
Jones Trust gifts $1 million to Emporia's Southwick House | Free | emporiagazette.comMultiple grants to Emporia State University Foundation totaling $1.75 million for nursing education and literacy programs
Jones Trust gifts $1 million to Emporia's Southwick House | Free | emporiagazette.comSupport for Mental Health Center of East Central Kansas for community mental health initiatives
$200,000 grant to help Hetlinger Developmental Services establish ...The trust continues to accept grant applications on a quarterly basis, maintaining active engagement with Kansas-based nonprofits and educational institutions.
Jones Trust grants Southwick House $1 million for transitional housing facilityRelated Funders
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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