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← RALPH W & GRACE M SHOWALTER RESEARCH TRUST FUND

Form 990 for tax year 2024

Filed by RALPH W & GRACE M SHOWALTER RESEARCH TRUST FUND.

Totals

Total revenue
$3,266,613
Total expenses
$2,466,900
Contributions and grants received
$0
Grants paid
$2,105,239
Program service revenue
$0
Investment income
$3,266,403
Other revenue
$210
Total assets, end of year
$46,103,505
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$46,103,505
Program services expenses (Part IX)
$2,247,274
Management and general expenses
$219,626
Fundraising expenses
$0
Program service expenses (Part III)
$2,247,274

Program services were 91.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $1,527,494 · excluded $1,527,494

  • 7a · Gross sales of assets other than inventory

    securities $8,642,844

  • 7b · Less cost or other basis and sales expenses

    securities $6,903,935

  • 7c · Gain or loss

    securities $1,738,909

  • 7d · Net gain or loss

    total $1,738,909 · excluded $1,738,909

  • 11a · Other revenue: OTHER INCOME

    total $210 · excluded $210

  • 11e · Other revenue, total

    $210

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,105,239 · program services $2,105,239

  • 5 · Compensation of officers, directors and key employees

    total $309,964 · program services $92,035 · management and general $217,929

  • 11g · Fees: other

    total $50,000 · program services $50,000

  • 24a · Other expenses: FOREIGN TAXES

    total $1,697 · management and general $1,697

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,425 · end of year $22,410

  • 2 · Savings and temporary cash investments

    beginning of year $466,240 · end of year $216,718

  • 11 · Investments: publicly traded securities

    beginning of year $44,819,097 · end of year $45,864,377

  • 29 · Capital stock, trust principal or current funds

    beginning of year $45,303,762 · end of year $46,103,505

Mission and programs · 2024

Mission

TO PROVIDE FOR MEDICAL AND SCIENTIFIC RESEARCH AT INDIANA AND PURDUE UNIVERSITY

  • PROVIDE PROGRAM SUPPORT FOR INDIANA UNIVERSITY SCHOOL OF MEDICINE, 1120 SOUTH DRIVE SUITE 302, INDIANAPOLIS, IN 46202

    Expenses $1,134,973 · Grants $1,063,239

  • PROVIDE PROGRAM SUPPORT FOR PURDUE UNIVERSITY, 610 PURDUE MALL HOVDE HALL, WEST LAFAYETTE, IN 47907-2040

    Expenses $1,112,301 · Grants $1,042,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jp Morgan Chase Bank Na

    TRUSTEE

    Total calculated
    $309,964
    From this org
    $309,964
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • INDIANA UNIVERSITY SCHOOL OF MEDICINE

    $1,063,239

    PROGRAM SUPPORT

  • PURDUE UNIVERSITY

    $1,042,000

    PROGRAM SUPPORT

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • INDIANA SCHOOL OF MEDICINE

    501(C)(3) · EDUCATION · IN

    Directly controlled by NA

  • PURDUE UNIVERSITY

    501(C)(3) · EDUCATION · IN

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
15 September 2025
IRS schema version
2024v5.2
Source object
202542819349300344

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