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Kansas · Private foundation

The Rail Heritage Trust First Option Bank Trustee

Its FY2025 filing reports that it accepted unsolicited grant applications.

$250k
Granted FY2025(still arriving)
18
Grants FY2025
18
Organizations funded FY2024
39%
First-time grantees FY2024
Read the full brief
Median grant, FY2025
$15,000
Largest grant, FY2025
$27,000
Organizations funded a year
18 to 22
FY2021 to FY2024
States reached, FY2025
12
Total assets, FY2025
$6.6M
Applications
Takes unsolicited applications
Per its most recent filing; check its own site

How open it is to new grantees

In FY2024, 39% of the organizations The Rail Heritage Trust First Option Bank Trustee funded were first-time grantees, receiving 37% of its grant dollars.

New vs renewed · share of each year

In FY2024, 63% of grant dollars renewed an existing relationship; $92k went to new ones.

50%100%’22’23’24
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’22’23’24
Arts & CultureOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.
The numbers by year
Fiscal yearOrganizations fundedTo those organizationsFirst-time grantees
FY2025still arriving18$250k44%
FY202418$250k39%
FY202319$250k53%
FY202222$350k82%
FY202122$325kn/a
100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2021 to 2025.

Arts & Culture$1.3MPublic Benefit$65kHuman Services$28kEnvironment$22kRecreation & Sports$22kEmployment$15k

Where its grants go

Grant dollars by states, across the years we hold.

Which US states its grants reach

AK
ME
WA
MN
IL
WI
MI
NY
OR
IN
OH
PA
NJ
CT
CA
MO
KY
VA
MD
NM
KS
TN
DC
AL
GA
TX

Top grantees

Largest recipients by total granted, FY2021 to FY2025, and the share of each one’s budget the grants supplied at peak.

Show all 54 grantees
All grantees of The Rail Heritage Trust First Option Bank Trustee by total granted
GranteeTotal grantedYearsShare of their budget
Railroading Heritage of Midwest America Inc$66,00030%
Western Maryland Scenic Railroad Development Corporation$65,00022%
Friends of Sp4449 Inc$47,000352%
United Railroad Historical Society of NJ Inc$44,50032%
Fort Wayne Railroad Historical Society Inc$40,00031%
Abilene and Smoky Valley Railroad Association$40,00034%
Midwest Railway Preservation Society Inc$40,00035%
Tennessee Valley Railroad Museum Inc$40,00020%
Pacific Railroad Preservation Association Incorporated$39,500245%
Illinois Railway Museum Inc$36,00031%
Engine 557 Restoration Company$36,000127%
Kentucky Railway Museum Inc$35,00022%
Railroad Museum of New England Inc$33,500211%
Pacific Locomotive Association Inc Niles Canyon Railway$31,00012%
Colebrookdale Railroad Preservation Trust$30,00020%
Lake Superior Railroad Musuem$30,00021%
Oregon Rail Heritage Foundation$29,00030%
Friends of Ga State Parks & Histori$27,50021%
San Bernardino Railroad Historical Society Inc$25,000221%
Mid-Continent Railway Historical Society Inc$25,00022%
Railway Restoration Project 113$25,0001n/a
Black River Railroad Historical Trust Inc$23,00023%
Austin Steam Train Association$21,00021%
Gulf Coast Chapter National Railway Historical Society Inc$21,0001n/a
Watauga Valley Railroad Historical Society & Museum$20,00024%
Iron Mountain Railway$17,10028%
Michigan State Trust for Railway Pr$16,00021%
Ebt Foundation Inc$15,50011%
Cuyahoga Valley Preservation and Scenic Railway Association$15,00010%
Nickel Plate Heritage Railroad Inc$15,00011%
The Iron Horse Society at Steamtown Inc$15,0001n/a
Sumpter Valley Railroad Restoration Inc$15,00017%
Kentucky Steam Heritage Corporation$15,00015%
Tri-State Railway Historical Soc Inc$15,0001n/a
Pacific Railroad Society$15,000140%
Roanoke Chapt Natl RR Hist Society$15,000110%
Lake Superior and Mississippi Railroad$12,00015%
Heart of Dixie Railroad Museum Inc$12,00012%
Danbury Railway Museum Inc$12,00014%
Rochester & Genesee Valley Railroad Museum$11,50016%
East Troy Railroad Museum Inc$11,00022%
Railroaders Heritage Corporation$11,00011%
B&O Railroad Museum Inc$10,00010%
Fox River Trolley Association Inc$10,0001n/a
Southern Michigan Railroad Society Inc$10,000113%
Adirondack Railway Preservation Society Inc$10,00010%
New Mexico Steam Locomotive & Railroad Historical Society$10,00013%
Downeast Rail Heritage Preservation Trust Inc$9,00014%
National Railway Historical Society Washington D$8,80013%
National Railroad Museum Inc$8,50010%
Northwest Railway Museum$7,5001n/a
Branford Electric Railway Assoc Inc$6,00011%
New York Museum of Transportation$5,00016%
Smoky Hill Railway & Historical$1,00011%

What it could do for these grantees

Plus 11 recipients with no EIN on record ($221k), not named here.

Where it is load-bearing

The Rail Heritage Trust First Option Bank Trustee supplied at least a quarter of the budget for 4 of its grantees at some point. The chart plots its 48 largest grantees; load-bearing ones sit top left.

25%50%75%100%$100k$1.0M$10Mgrantee revenue →↑ funder's share of their budgetRailroading Heritage of Midwest America Inc: $66,000 over 3y, 0.3% of budgetWestern Maryland Scenic Railroad Development Corporation: $65,000 over 2y, 2.1% of budgetFriends of Sp4449 Inc: $47,000 over 3y, 52% of budgetUnited Railroad Historical Society of NJ Inc: $44,500 over 3y, 1.8% of budgetFort Wayne Railroad Historical Society Inc: $40,000 over 3y, 0.8% of budgetAbilene and Smoky Valley Railroad Association: $40,000 over 3y, 3.8% of budgetMidwest Railway Preservation Society Inc: $40,000 over 3y, 5.3% of budgetTennessee Valley Railroad Museum Inc: $40,000 over 2y, 0.2% of budgetPacific Railroad Preservation Association Incorporated: $39,500 over 2y, 45% of budgetIllinois Railway Museum Inc: $36,000 over 3y, 0.8% of budgetEngine 557 Restoration Company: $36,000 over 1y, 27% of budgetKentucky Railway Museum Inc: $35,000 over 2y, 1.7% of budgetRailroad Museum of New England Inc: $33,500 over 2y, 11% of budgetPacific Locomotive Association Inc Niles Canyon Railway: $31,000 over 1y, 1.9% of budgetColebrookdale Railroad Preservation Trust: $30,000 over 2y, 0.2% of budgetLake Superior Railroad Musuem: $30,000 over 2y, 1.1% of budgetOregon Rail Heritage Foundation: $29,000 over 3y, 0.1% of budgetFriends of Ga State Parks & Histori: $27,500 over 2y, 0.6% of budgetSan Bernardino Railroad Historical Society Inc: $25,000 over 2y, 21% of budgetMid-Continent Railway Historical Society Inc: $25,000 over 2y, 1.7% of budgetBlack River Railroad Historical Trust Inc: $23,000 over 2y, 2.6% of budgetAustin Steam Train Association: $21,000 over 2y, 0.8% of budgetWatauga Valley Railroad Historical Society & Museum: $20,000 over 2y, 4.0% of budgetIron Mountain Railway: $17,100 over 2y, 8.0% of budgetMichigan State Trust for Railway Pr: $16,000 over 2y, 0.7% of budgetEbt Foundation Inc: $15,500 over 1y, 0.8% of budgetCuyahoga Valley Preservation and Scenic Railway Association: $15,000 over 1y, 0.2% of budgetNickel Plate Heritage Railroad Inc: $15,000 over 1y, 0.7% of budgetSumpter Valley Railroad Restoration Inc: $15,000 over 1y, 6.8% of budgetKentucky Steam Heritage Corporation: $15,000 over 1y, 5.2% of budgetPacific Railroad Society: $15,000 over 1y, 40% of budgetRoanoke Chapt Natl RR Hist Society: $15,000 over 1y, 10% of budgetLake Superior and Mississippi Railroad: $12,000 over 1y, 4.8% of budgetHeart of Dixie Railroad Museum Inc: $12,000 over 1y, 1.9% of budgetDanbury Railway Museum Inc: $12,000 over 1y, 4.1% of budgetRochester & Genesee Valley Railroad Museum: $11,500 over 1y, 5.7% of budgetEast Troy Railroad Museum Inc: $11,000 over 2y, 1.5% of budgetRailroaders Heritage Corporation: $11,000 over 1y, 0.5% of budgetB&O Railroad Museum Inc: $10,000 over 1y, 0.1% of budgetSouthern Michigan Railroad Society Inc: $10,000 over 1y, 13% of budgetAdirondack Railway Preservation Society Inc: $10,000 over 1y, 0.4% of budgetNew Mexico Steam Locomotive & Railroad Historical Society: $10,000 over 1y, 3.5% of budgetDowneast Rail Heritage Preservation Trust Inc: $9,000 over 1y, 3.8% of budgetNational Railway Historical Society Washington D: $8,800 over 1y, 3.1% of budgetNational Railroad Museum Inc: $8,500 over 1y, 0.2% of budgetBranford Electric Railway Assoc Inc: $6,000 over 1y, 1.1% of budgetNew York Museum of Transportation: $5,000 over 1y, 5.6% of budgetSmoky Hill Railway & Historical: $1,000 over 1y, 0.8% of budget

Tap a dot to name the grantee.

How this is measured
Share of budget is the funder’s grant in a year over the grantee’s total revenue that year, at its highest across the years we hold; revenue is from all sources. Only grantees confirmed against their own filings, whose grants do not exceed their revenue, are plotted: the largest 48.

Nonprofits that may fit its grantmaking

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

The Candelaria FundCA17.8× affinity6 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: The Candelaria Fund · Bnsf Railway Foundation · The Rebensdorf Family Foundation · Tom E Dailey Foundation Inc · Xcel Energy Foundation · Union Pacific Foundation · Ibm International Foundation · Ge Aerospace Foundation · Charities Aid Foundation America · The Pfizer Foundation Inc · The Blackbaud Giving Fund · National Philanthropic Trust

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

Compare The Rail Heritage Trust First Option Bank Trustee with peer funders

About The Rail Heritage Trust First Option Bank Trustee

How much does The Rail Heritage Trust First Option Bank Trustee give?
The Rail Heritage Trust First Option Bank Trustee reported 18 grants totaling $250,000 in its FY2025 IRS filing. It funded between 18 and 22 organizations a year over FY2021 to FY2024.
What does The Rail Heritage Trust First Option Bank Trustee fund?
By grant dollars over FY2021 to FY2025, its largest causes are Arts & Culture (89%), Public Benefit (5%), Human Services (2%).
Who are The Rail Heritage Trust First Option Bank Trustee's largest grantees?
By total granted over FY2021 to FY2025: Railroading Heritage of Midwest America Inc ($66k), Western Maryland Scenic Railroad Development Corporation ($65k), Friends of Sp4449 Inc ($47k).
Does The Rail Heritage Trust First Option Bank Trustee fund new organizations?
In FY2024, 39% of the organizations it funded were first-time grantees.
Does The Rail Heritage Trust First Option Bank Trustee accept unsolicited applications?
Its most recent filing reports that it accepts unsolicited grant applications.
Which funders back the same organizations as The Rail Heritage Trust First Option Bank Trustee?
Its strongest co-funders, measured against what their size predicts, include The Candelaria Fund, Bnsf Railway Foundation, The Rebensdorf Family Foundation.
Where is The Rail Heritage Trust First Option Bank Trustee based?
The Rail Heritage Trust First Option Bank Trustee is based in KS.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 65 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990-PF e-file return for fiscal year 2025, released 2025. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

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