Ruby Schrader Trust
Accepts applications
Ruby Schrader Trust is a private foundation in Billings, Montana. In tax year 2025 it gave $5,142 in 2 grants; the typical grant was $2,571 and the largest $2,571. It accepts applications; its filing gives the instructions below.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$5,142
- Number of grants2
- Typical grant$2,571
- Largest grant$2,571
- Assets$138,249
- New grantees100%
Giving in 2025 was up from $5,062 the year before.
100% of its 2025 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $4,810 | 2 | $126,549 |
| 2024 | $5,062 | 2 | $128,458 |
| 2025 | $5,142 | 2 | $138,249 |
How to apply
| Contact | First Interstate Bank 10101 University Avenue, Clive, IA 50324 |
|---|---|
| Phone or email | (515) 440-8462 |
| Restrictions | Teacher nominated to 2 senior students (1 male, 1 female) based upon student's contribution to school and community if possible, not from the top 10% of their class |
What Ruby Schrader Trust funds
Where it gives
All of its grants went to recipients in Iowa.
| State | Grants | Amount |
|---|---|---|
| Iowa | 2 | $5,142 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Iowa State University FBO M Chipps | Scholarship | $2,571 |
| University of Iowa FBO T Birkenholtz | Scholarship | $2,571 |
Officers and trustees
- First Interstate Bank
Questions people ask
Does Ruby Schrader Trust accept grant applications?
Yes. Its latest IRS filing says it accepts applications.
How much does Ruby Schrader Trust give?
$5,142 in tax year 2025, across 2 grants, with a typical grant of $2,571.
Who runs Ruby Schrader Trust?
Its 2025 filing lists First Interstate Bank (Trustee).
What does Ruby Schrader Trust fund?
Based on its grants, mainly education.