· Private foundation
The Rail Heritage Trust First Option Bank Trustee
Its FY2025 filing reports that it accepted unsolicited grant applications.
What you funded, over time
Every grant clustered by its grantee’s IRS cause code (NTEE), by year — across FY2021–2025.
Where the money goes
Your grants by size, and where they go.
By grant size · FY2025
- Under $10k3 grants · $19k
- $10k–50k15 grants · $231k
| Recipient | Amount |
|---|---|
| OREGON RAIL HERITAGE FOUNDATION | $27,000 |
| RAILWAY RESTORATION PROJECT #113 | $25,000 |
| TENNESSEE VALLEY RAILROAD MUSEUM INC | $20,000 |
| TRI-STATE RAILWAY HISTORICAL SOCIETY INC | $15,000 |
| UNITED RAILROAD HISTORICAL SOCIETY OF NJ INC | $15,000 |
| COLEBROOKDALE RAILROAD PRESERVATION TRUST | $15,000 |
| IRON HORSE SOCIETY AT STEAMTORN INCORPORATED | $15,000 |
| WESTERN MARYLAND SCENIC RAILROAD DEVELOPMENT CORPORATION | $15,000 |
| FORT WAYNE RAILROAD HISTORICAL SOCIETY INC | $15,000 |
| NICKEL PLATE HERITAGE RAILROAD INC | $15,000 |
| BELLEFONTE HISTORICAL RR SOCIETY INC | $13,100 |
| BLACK RIVER RAILROAD HISTORICAL TRUST INC | $11,000 |
| FOX RIVER TROLLEY ASSOCIATION INC | $10,000 |
| RAILROADING HERITAGE OF MIDWEST AMERICA INC | $10,000 |
| SAN BERNARDINO RAILROAD HISTORICAL SOCIETY | $10,000 |
Do your dollars go where the need is?
Each grant placed by the hardship in its grantee’s ZIP, then read against the area’s typical level.
Dollar for dollar, your grants (FY21–25) land where the poverty rate runs at 12%, against an area that typically sits at 10%. 67% of your dollars go to grantees based in above-average-need neighborhoods. Most of your grants land in higher-need ZIPs.
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty linein the grantee’s ZIP, averaged from the tracts in that ZIP; grantee ZIP can differ from where services are delivered.
Which US states your grants reach
US grants placed by each grantee’s ZIP, which can differ from where services are actually delivered. Need from public data — U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA — shown as context about the area, never attributed to your giving.
Where the work is directed
The same grants, placed two ways — where each recipient sits, and where its stated purpose earmarks the money.
About 6% of The Rail Heritage Trust First Option Bank Trustee’s grant dollars are earmarked, by their stated purpose, for a different county than the recipient’s own address — money that lands at a nonprofit in one place but is meant to do its work in another.
Recipient view: each grant at its grantee’s ZIP, mapped to a county. Directed view: each grant at the county its stated purpose names, falling back to the recipient’s county when the purpose names no place; US grants only. A county shows only if it carries the top 95% of that view’s dollars. Purposes are read from the foundation’s own 990 grant descriptions.
Who you back again
Which organizations you funded more than once, and which you funded a single time. Each grantee is matched to its own filings.
26 repeat relationships — 10 still active in FY2025, 16 since wound down; 8 grantees were first funded in FY2025 (too recent to call).
How the two cohorts compare
Organizations
Total granted
Median revenue growth · since first grant
Still filing today
New vs renewed · share of each year
In FY2025, 56% of grant dollars renewed an existing relationship; $109k went to new ones.
Where new relationships form · theme of each grantee’s first grant
First-time = a grantee’s first year in your filing window; renewed = funded in an earlier year too. As a portfolio matures the renewed share naturally climbs — once funded, an org stays “renewable” — so the signal is the years that buck it (a new-grantee intake wave). The earliest year is left-censored: relationships that predate the data read as “new.” Theme is the grantee’s IRS cause.
Backed again, and grew
- WMWESTERN MARYLAND SCENIC RAILROAD DEVELOPMENT CORPORATION2× · 2021–2025 · $65k · revenue +104%
- AAABILENE AND SMOKY VALLEY RAILROAD ASSOCIATION3× · 2022–2024 · $40k · revenue +94%
- FWFORT WAYNE RAILROAD HISTORICAL SOCIETY INC3× · 2022–2025 · $40k · revenue +74%
Funded once
- NSNASHVILLE STEAM PRESERVATION SOCIETYone grant, 2021 · $40k
- E5ENGINE 557 RESTORATION COMPANYone grant, 2022 · $36k · revenue +3% · 27% of their budget
- PRPACIFIC RR PRESERVATION ASSN INCORPORATEDone grant, 2021 · $35k
Repeat = funded in two or more distinct years; growth and survival are read from each grantee’s own subsequent IRS filings.
The map has a center of gravity: the average direction from the rest of the sector toward the organizations the foundation funds — the shape of its giving. Scoring every nonprofit along that direction surfaces the ones that look most like the portfolio. These are the closest matchesthat aren’t grantees — a resemblance in what they say they do, not a recommendation.
Provide a museum of local railroads
Encouragement of the interest in railway history, the preservation of railway artifacts and equipment, documents and records, and to enable members to study railroad operations.
The Museums mission is the collection, preservation,restoration and operation of vintage railroad equipment at its own facility and on the historic SD&A Railway for the education.
To encourage the collection & preservation of historical material associated with the Western MD Railway and American Railway system.
Maintaining the Lake Shore Railway Museum and all exhibits
Promote railroading history, with an operating railroad and operating museum
The Museums mission is to preserve and communicate to the public the experience of Minnesotas electric street and interurban railway history.
A nonprofit museum dedicated to the preservation, restoration, and interpretive display of western wisconsins railroad heritage. this is accomplished through restoration of historic railroad artifacts, operation of a library and video…
Preserving and teaching the history of the B&SR Railroad
To provide a museum depicting the importance of the railroad industry to the economic development of the lakes region of new hamphire. the museum will display a model railroad and its routes within caroll county, new hampshire.
For reference, the grantee most central to the portfolio’s shape is National Railroad Museum Inc and the most unlike its peers is Colebrookdale Railroad Preservation Trust. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
Your grantees are a median of 45 years old; the field is 16. You back the established end — and your money leans older still.
The field is 22% startups (under 5 years old) — 2% of your grantees by number, and just 5% of your money.
The orgs you fund almost never close — 0.0% lost their exemption, against 13% of the field you don’t fund.
Age = years since IRS exemption (a founding proxy). “Closed” = auto-revocation for 3 years of non-filing — a floor on closure, not proof, and bigger established orgs lapse least. Association, not causation.
52 grantees tracked through their own filings, 2017–2025.
Each one resolved to its own IRS returns and tracked year by year — your grant beside their revenue from every source. Association, dated; never a causal claim.
Counted here: distinct organizations you funded across 2017–2025, not grant rows in a single year — so this will not match the grant count on the cover. 52 of the 65 grantees resolved in that span have returns of their own we could reconcile; the rest are funded organizations whose filings we could not track year by year.
Where your money sits — by cause, then by grantee
Each org by its size and your share of it — top-left is where you’re load-bearing
Go grantee by grantee — a decade per org, and how each moved after you funded them
A decade per grantee — revenue shaded, your grants as bars, all rows on one timeline.
- Who funds RAILROADING HERITAGE OF MIDWEST AMERICA INC ↗
- Who funds WESTERN MARYLAND SCENIC RAILROAD DEVELOPMENT CORPORATION ↗
- Who funds FRIENDS OF SP4449 INC ↗
- Who funds United Railroad Historical Society of NJ Inc ↗
- Who funds TENNESSEE VALLEY RAILROAD MUSEUM INC ↗
- Who funds ABILENE AND SMOKY VALLEY RAILROAD ASSOCIATION ↗
- Who funds MIDWEST RAILWAY PRESERVATION SOCIETY INC ↗
- Who funds FORT WAYNE RAILROAD HISTORICAL SOCIETY INC ↗
- Who funds PACIFIC RAILROAD PRESERVATION ASSOCIATION INCORPORATED ↗
- Who funds ILLINOIS RAILWAY MUSEUM INC ↗
- Who funds ENGINE 557 RESTORATION COMPANY ↗
- Who funds KENTUCKY RAILWAY MUSEUM INC ↗
- Who funds RAILROAD MUSEUM OF NEW ENGLAND INC ↗
- Who funds Pacific Locomotive Association Inc Niles Canyon Railway ↗
- Who funds LAKE SUPERIOR RAILROAD MUSUEM ↗
- Who funds Colebrookdale Railroad Preservation Trust ↗
- Who funds OREGON RAIL HERITAGE FOUNDATION ↗
- Who funds FRIENDS OF GA STATE PARKS & HISTORI ↗
- Who funds MID-CONTINENT RAILWAY HISTORICAL SOCIETY INC ↗
- Who funds SAN BERNARDINO RAILROAD HISTORICAL SOCIETY INC ↗
- Who funds BLACK RIVER RAILROAD HISTORICAL TRUST INC ↗
- Who funds Austin Steam Train Association ↗
- Who funds WATAUGA VALLEY RAILROAD HISTORICAL SOCIETY & MUSEUM ↗
- Who funds IRON MOUNTAIN RAILWAY ↗
- Who funds MICHIGAN STATE TRUST FOR RAILWAY PR ↗
- Who funds EBT FOUNDATION INC ↗
- Who funds TRI-STATE RAILWAY HISTORICAL SOC INC ↗
- Who funds THE IRON HORSE SOCIETY AT STEAMTOWN INC ↗
- Who funds CUYAHOGA VALLEY PRESERVATION AND SCENIC RAILWAY ASSOCIATION ↗
- Who funds Nickel Plate Heritage Railroad Inc ↗
- Who funds Sumpter Valley Railroad Restoration Inc ↗
- Who funds KENTUCKY STEAM HERITAGE CORPORATION ↗
- Who funds Roanoke Chapt Natl RR Hist Society ↗
- Who funds Pacific Railroad Society ↗
The grantmakers whose grantees overlap with yours far more than size alone predicts. Each orbits closer the stronger the alignment; the arcs between them show where they also fund each other. Here it reads as a tightly interlocked camp — most of these funders back each other's grantees too.
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
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. A research starting point: overlap is association, not proof of shared intent.
Government reliance of your grantees
Every dot is one organization The Rail Heritage Trust First Option Bank Trustee funds. Left–right is the share of its income from government; up–down is the share from you. Bigger dots raise more. Filter to federal, a single department, or state — and drag the year to watch it move.
- Pacific Railroad Preservation Association Incorporated — 38% of income from government
- Branford Electric Railway Assoc Inc — 17% of income from government
- B&o Railroad Museum Inc — 7% of income from government
- Sumpter Valley Railroad Restoration Inc — 3% of income from government
Government income is each org’s traced federal awards (USASpending — grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that your grant caused the public funding. Coverage is precision-first — a floor, not a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12–24 months.