The Truax Family Foundation
EIN 833069942About
As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2024, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $597,000. This amount represents 25% or more of the Foundation's net assets of $1,206,893 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2024. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
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 | $150K | $2.0M | $1.5M | 5 |
| 2021 | $465K | $2.0M | $407K | 5 |
| 2022 | $392K | $1.5M | $17K | 7 |
| 2023 | $398K | $1.2M | $151K | 12 |
| 2024 | $597K | $691K | $61K | 5 |
Grant Size Distribution
Based on 34 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (34 total)
| Purpose | ||||
|---|---|---|---|---|
| Family Bible Church Inc of Ponte Vedra Florida | Ponte Vedra, FL | $450,000 | New Building Fund | 2024 |
| The Compass Evangelical Free Church | Naperville, IL | $270,000 | General & Unrestricted | 2021 |
| The Compass Evangelical Free Church | Naperville, IL | $200,000 | General & Unrestricted | 2022 |
| Center for Biblical Unity | Upland, CA | $100,000 | General & Unrestricted | 2021 |
| Center for Biblical Unity | Upland, CA | $100,000 | funds for hiring a donor Relations Assistant and Assistant Media Specialist, a website refresh, and 2025 Conference | 2024 |
| Caring Network Nfp | Glen Ellyn, IL | $75,000 | General & Unrestricted | 2023 |
| Caring Network Nfp | Glen Ellyn, IL | $75,000 | General & Unrestricted | 2022 |
| The Compass Evangelical Free Church | Naperville, IL | $70,000 | General & Unrestricted | 2020 |
| Ians Place for Bereaved Parents | Clarendon Hls, IL | $50,000 | General & Unrestricted | 2021 |
| Caring Network Nfp | Glen Ellyn, IL | $50,000 | Capital Campaign | 2023 |
| Ians Place for Bereaved Parents | Oak Brook, IL | $50,000 | General & Unrestricted | 2023 |
| Tri-State Christian School Association | Asbury, IA | $50,000 | Hire Full Time Fund | 2023 |
| Ians Place for Bereaved Parents | Oak Brook, IL | $50,000 | General & Unrestricted | 2022 |
| Tri-State Christian School Association | Asbury, IA | $46,000 | 120 new desks/other furniture and supplies | 2023 |
| Caring Network Nfp | Glen Ellyn, IL | $35,000 | General & Unrestricted | 2020 |
| Caring Network Nfp | Glen Ellyn, IL | $35,000 | General & Unrestricted | 2021 |
| Altar Fly Fishing | Lombard, IL | $35,000 | General & Unrestricted | 2023 |
| Altar Fly Fishing | Lombard, IL | $30,000 | General & Unrestricted | 2022 |
| National Christian Charitable Foundation Inc | Alpharetta, GA | $25,000 | The Altar Fly Fishing Fund | 2020 |
| Grace Bible Church Naples Inc | Naples, FL | $20,000 | General & Unrestricted | 2023 |
| Mountain Life Evangelical Free Church | Park City, UT | $20,000 | General & Unrestricted | 2023 |
| The Compass Evangelical Free Church | Naperville, IL | $20,000 | General & Unrestricted | 2023 |
| Northside Baptist Church Inc of Lexington South Ca | Lexington, SC | $20,000 | General & Unrestricted | 2024 |
| Adams County Christian School Incorporated | Natchez, MS | $20,000 | General & Unrestricted | 2022 |
| Lake Geneva Foundation | Lake Geneva, WI | $15,000 | to purchase New Support Beam | 2024 |