Trust assets are invested to provide income to be distributed to the charities named in the governing document.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$22K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $16K a year · 13% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$22K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
11 mo
of spending, in cash
Plus $1.5M in investments, Pt X · Ln 11–13
Looks good: 11.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$61K
Spent
$107K
To programs
78%
Net assets
$1.6M
By yearFY2020–FY2025
Revenue
$61K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$61K
FY2021$166K
FY2022$41K
FY2023$95K
FY2024$180K
FY2025$240K
Expenses
$107K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$107K
FY2021$110K
FY2022$124K
FY2023$111K
FY2024$111K
FY2025$121K
Net assets
$1.6M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.6M
FY2021$1.6M
FY2022$1.5M
FY2023$1.5M
FY2024$1.6M
FY2025$1.7M

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1974.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $83K Management & general 22% · $24K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990; $22K paid to officers and key staff.

Part VII, Section A · reportable compensation
$21,628Pt VII · Sec A

Fifth Third Bank N A’s $28K as Trustee is at the 25th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Fifth Third Bank N A$27,681$26,364$23,799$24,076$24,954$21,628

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Vance Memorial Fund Uw executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Invests assets to provide income for named charities.

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Provided by the organization

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1 program · $83K · in their own filed words · FY2020
01

Distributions to various charitable organizations as directed by the governing document.

$83Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 48 grants · $523K · 2020–2025
See all 48 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$61K
Ln 12
Investment incomeLn 3$61K
Money outPt IX
$107K
Ln 25
Programscol B$83K
Managementcol C$24K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$97K
Total assetsLn 16$1.6M
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$61K
Gains on assetsLn 7$29K
Total revenueLn 12$61K
Assets in detailPt X, end of year
SavingsLn 2$97K
Cash and savings togetherLn 1–2$97K
InvestmentsLn 11–13$1.5M
Total assetsLn 16$1.6M
LiabilitiesLn 26$0
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$105K$97K
InvestmentsLn 11–13$1.5M$1.5M
Total assetsLn 16$1.6M$1.6M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.6M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$83K$83K
Pay of current officers, directors and key staffLn 5$22K$22K
Accounting feesLn 11c$1K$1K
All other expensesLn 24e$868$868
Total functional expensesLn 25$107K$83K$24K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $240K$121K$119K$1.7M 990 PDF
FY2024 $180K$111K$69K$1.6M 990 PDF
FY2023 $95K$111K−$16K$1.5M 990 PDF
FY2022 $41K$124K−$83K$1.5M 990 PDF
FY2021 $166K$110K$55K$1.6M 990 PDF
FY2020 Viewing $61K$107K−$46K$1.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $60,986 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $186,203$60,986
I-11 Other revenue$0
I-12 Total revenuePrior year $186,203$60,986
I-13 Grants and similar amounts paidPrior year $77,494$82,840
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $21,468$21,628
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,568$2,043
I-18 Total expensesPrior year $101,530$106,511
I-19 Revenue less expensesPrior year $84,673−$45,525
Part VI · Governance 0 of 1 board members independent, 3 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $60,986 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $31,553$31,553
VIII-7 Net gain or loss on sales of assetsExcluded from tax $29,433$29,433
VIII-12 Total revenueExcluded from tax $60,986$60,986
Part IX · Statement of functional expenses $106,511 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $82,840$82,840
IX-5 Pay of current officers, directors and key staffManagement $21,628$21,628
IX-11c Accounting feesManagement $1,175$1,175
IX-24e All other expensesManagement $868$868
IX-25 Total functional expensesPrograms $82,840 · Management $23,671 · Fundraising $0$106,511
Part X · Balance sheet $1,565,375 assets, 6 lines filed
X-2 Savings and temporary cash investmentsStart of year $105,263$97,266
X-11 Publicly traded securitiesStart of year $1,506,324$1,468,109
X-16 Total assetsStart of year $1,611,588$1,565,375
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,611,588$1,565,375
X-33 Total liabilities and net assetsStart of year $1,611,588$1,565,375
Part XI · Reconciliation of net assets $1,565,375 net assets at year end
XI-1 Total revenue$60,986
XI-2 Total expenses$106,511
XI-3 Revenue less expenses−$45,525
XI-4 Net assets at start of year$1,611,588
XI-9 Other changes in net assets−$688
XI-10 Net assets at end of year$1,565,375

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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