Trager Family Foundation Inc
EIN 611337078 Private FoundationAbout
THIS STATEMENT IS SUBMITTED IN ACCORDANCE WITH REG. 1.6043-3(A)(1) AND FORM 990-PF GENERAL INSTRUCTION T TO REPORT THE DISTRIBUTION OF CERTAIN ASSETS THAT RESULTED IN THE SUBSTANTIAL CONTRACTION OF ASSETS DURING THE CURRENT TAX YEAR. DURING 2022, THE TRAGER FAMILY FOUNDATION, INC TRANSFERRED ALL OF ITS ASSETS TO THE TRAGER FAMILY FOUNDATION TRUST (EIN: 87-6461357). THE TRAGER FAMILY FOUNDATION TRUST IS EXEMPT FROM TAXES UNDER IRC SEC. 501(C)(3) AND IS A PRIVATE NON-OPERATING FOUNDATION. THE TRAGER FAMILY FOUNDATION TRUST IS EFFECTIVELY CONTROLLED, DIRECTLY OR INDIRECTLY, BY THE SAME PERSON(S) AS THE TRAGER FAMILY FOUNDATION INC. THIS TRANSFER QUALIFIES UNDER SECTION 507(B)(2). THE DISTRIBUTION OF ASSETS REPRESENTED 100% OF TRAGER FAMILY FOUNDATION, INC'S NET ASSETS OF $27,747,171 (AS MEASURED BY FAIR MARKET VALUE) ON 1/31/22. REFER TO DISSOLUTION STATEMENT FOR SUMMARY OF ASSETS DISTRIBUTED. THIS TRANSFER DOES NOT CONSTITUTE A TERMINATION UNDER IRC 507 FOR THE TRAGER FAMILY FOUNDATION, INC. A TRUSTEE ACTION AUTHORIZING THE RECEIPT OF NET ASSETS AND SUBSTANTIAL CONTRACTION BY THE TRAGER FAMILY FOUNDATION, INC WAS ADOPTED BY THE TRAGER FAMILY FOUNDATION TRUST ON JANUARY 13, 2022. A COPY IS ATTACHED. A CORPORATE RESOLUTION AUTHORIZING DISTRIBUTION OF THE NET ASSETS AND SUBSTANTIAL CONTRACTION WAS ADOPTED BY UNANIMOUS WRITTEN CONSENT OF THE BOARD OF DIRECTORS OF TRAGER FAMILY FOUNDATION, INC ON 1/13/2022. A COPY IS ATTACHED. PURSUANT TO REG. 1.507-3(A)(9), THE FOUNDATION IS NOT REQUIRED TO EXERCISE EXPENDITURE RESPONSIBILITY WITH RESPECT TO THE TRANSFER OF ASSETS TO THE TRUST. THE FOUNDATION AND TRUST ARE EFFECTIVELY CONTROLLED (WITHIN THE MEANING OF 1.482-1(A)(3)), DIRECTLY OR INDIRECTLY, BY THE SAME PERSONS AND THE TRANSFEREE WILL BE TREATED AS IF IT WERE THE TRANSFEROR. EXCESS QUALIFYING DISTRIBUTIONS: WITH THE TRANSFER OF 100% OF THE ASSETS OF THE TRAGER FAMILY FOUNDATION, INC TO THE TRAGER FAMILY FOUNDATION TRUST, THE TRANSFEREE FOUNDATION IS TREATED AS THOUGH IT IS THE TRANSFEROR FOR PURPOSES OF CODE SECTION 4942. THE TRUST SUCCEEDS TO 100% OF THE TRAGER FAMILY FOUNDATION'S EXCESS QUALIFYING DISTRIBUTIONS UNDER CODE SECTION 4942(I) AND THE TRUST WILL REDUCE ITS OWN DISTRIBUTABLE AMOUNT UNDER CODE SECTION 4942 BY THE TRAGER FAMILY FOUNDATION, INC.'S EXCESS QUALIFYING DISTRIBUTIONS OF $2,079,271.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2020 | $1.3M | $25.7M | $704K | 20 |
| 2021 | $5.3M | $28.4M | $690K | 18 |
| 2022 | N/A | $0 | $153K | N/A |
| 2023 | N/A | $0 | $0 | N/A |
Grant Size Distribution
Based on 38 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (38 total)
| Purpose | ||||
|---|---|---|---|---|
| Community Foundation of Louisville | Louisville, KY | $4,752,900 | ORGANIZATIONAL OPERATIONS | 2021 |
| Jeiwsh Community of Louisville | Louisville, KY | $750,000 | ORGANIZATIONAL OPERATIONS | 2020 |
| Jewish Community of Louisville | Louisville, KY | $375,000 | ORGANIZATIONAL OPERATIONS | 2021 |
| University of Louisville Foundation | Louisville, KY | $333,333 | ORGANIZATIONAL OPERATIONS | 2020 |
| University of Louisville Athletic Association | Louisville, KY | $50,000 | ORGANIZATIONAL OPERATIONS | 2020 |
| University of Louisville Athletic Association | Louisville, KY | $50,000 | ORGANIZATIONAL OPERATIONS | 2021 |
| United Jewish Campaign | Louisville, KY | $28,473 | ORGANIZATIONAL OPERATIONS | 2020 |
| United Jewish Campaign | Louisville, KY | $26,173 | ORGANIZATIONAL OPERATIONS | 2021 |
| Olmsted Parks Conservancy | Louisville, KY | $25,000 | ORGANIZATIONAL OPERATIONS | 2020 |
| Spalding University | Louisville, KY | $20,000 | ORGANIZATIONAL OPERATIONS | 2020 |
| Spalding University | Louisville, KY | $20,000 | ORGANIZATIONAL OPERATIONS | 2021 |
| Bellarmine University | Louisville, KY | $20,000 | ORGANIZATIONAL OPERATIONS | 2021 |
| Speed Art Museum | Louisville, KY | $17,500 | ORGANIZATIONAL OPERATIONS | 2021 |
| Louisville Public Media | Louisville, KY | $15,000 | ORGANIZATIONAL OPERATIONS | 2020 |
| Louisville Orchestra Endowment | Louisville, KY | $15,000 | ORGANIZATIONAL OPERATIONS | 2020 |
| Louisville Orchestra Endowment | Louisville, KY | $15,000 | ORGANIZATIONAL OPERATIONS | 2021 |
| University of Louisville Foundation | Louisville, KY | $10,000 | ORGANIZATIONAL OPERATIONS | 2020 |
| University of Louisville Foundation | Louisville, KY | $10,000 | ORGANIZATIONAL OPERATIONS | 2021 |
| The Leukemia and Lymphoma Society | Louisville, KY | $10,000 | ORGANIZATIONAL OPERATIONS | 2021 |
| Waterfront Botanical Gardens | Louisville, KY | $7,500 | ORGANIZATIONAL OPERATIONS | 2020 |
| Waterfront Botanical Gardens | Louisville, KY | $7,500 | ORGANIZATIONAL OPERATIONS | 2021 |
| Norton Hospital Foundation | Louisville, KY | $6,925 | FOOD DONATION FOR HEALTHCARE WORKERS (COVID-19) | 2020 |
| Wellspring | Louisville, KY | $6,250 | ORGANIZATIONAL OPERATIONS | 2020 |
| Baptist Health Foundation | Louisville, KY | $6,000 | FOOD DONATION FOR HEALTHCARE WORKERS (COVID-19) | 2020 |
| University of Louisville Foundation | Louisville, KY | $5,950 | FOOD DONATION FOR HEALTHCARE WORKERS (COVID-19) | 2020 |
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