Walter N Charles Trust

Organization Overview

Walter N Charles Trust is located in Iowa City, IA. The organization was established in 2012. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walter N Charles Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Walter N Charles Trust generated $26.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $51.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Walter N Charles Trust has awarded 16 individual grants totaling $314,414. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT THE AMERICAN CANCER SOCIETY AND THE AMERICAN NATIONAL RED CROSS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DISTRIBUTED ALL INVESTMENT INCOME EVENLY BETWEEN AMERICAN RED CROSS AND AMERICAN CANCER SOCIETY.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $15,953
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $10,588
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $26,541

Grants Awarded

Over the last fiscal year, Walter N Charles Trust has awarded $42,681 in support to 2 organizations.

Grant RecipientAmount

AMERICAN CANCER SOCIETY

Org PageRecipient Profile

Kennesaw, GA

PURPOSE: REQUIRED INCOME DIST

$21,341

AMERICAN RED CROSS

Org PageRecipient Profile

Washington, DC

PURPOSE: ANNUAL DISTRIBUTION

$21,340
View Grant Profile

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