Private Foundation

THE RAIL HERITAGE TRUST FIRST OPTION BANK TRUSTEE

THE RAIL HERITAGE TRUST FIRST OPTION BANK TRUSTEE is a Private Foundation headquartered in PAOLA, KS. Financial data from the 2025 filing: $532K revenue, $375K expenses, $6.6M total assets. IRS filings disclose 101 grants awarded by this foundation, totaling roughly $1.4M.

EIN: 464327372 PAOLA, KS Latest filing: 2025

Total Revenue$532K

Total Expenses$375K

Total Assets$6.6M

Grants Given101

Grant Total$1.4M

Filing Years2021–2025

Sample Grants Given

OREGON RAIL HERITAGE FOUNDATION

PORTLAND, OR · 2024

GRANTS, DONATIONS, HOLIDAY EXPRESS TRAINS

$27,000

RAILWAY RESTORATION PROJECT #113

MINERSVILLE, PA · 2024

PRIVATE & PUBLIC DONATIONS, TICKET SALES, NRHS

$25,000

TENNESSEE VALLEY RAILROAD MUSEUM INC

CHATTANOOGA, TN · 2024

TICKET SALES, SPONSORSHIPS AND DONATIONS

$20,000

COLEBROOKDALE RAILROAD PRESERVATION TRUST

BOYERTOWN, PA · 2024

PULLMAN ROOF REPAIR

$15,000

IRON HORSE SOCIETY AT STEAMTORN INCORPORATED

SCRANTON, PA · 2024

EXCURSION/EVENT TICKET SALES

$15,000

Showing up to 5 of 101 total records — full history available with membership.

Officers & Directors

TRUSTEE First Option Bank

Officer compensation and complete director data available with membership.

Top Grant Purposes

SPECIAL GRANT

$85,000 2 grants

MAINTENANCE

$85,000 4 grants

REBUILD AIR COMPRESSOR

$40,000 1 grant

INSTALL TUBERS AND FLUES IN ALASKA RAILROAD 557

$36,000 1 grant

CARITAS RESCUE AND RETURN TO SERVICE

$31,000 1 grant

Financial Trends

Year	Revenue	Expenses	Assets
2025	$532K	$375K	$6.6M
2024	$458K	$362K	$6.4M
2023	$-243K	$354K	$6.3M
2022	$283K	$496K	$6.9M
2021	$942K	$449K	$7.1M

Between 2021 and 2025, reported annual revenue declined from $942K to $532K (-43%), with total assets most recently reported at $6.6M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in AK, AL, CA, CT, DC, GA, and 4 other states.

AKALCACTDCGAILINKSKY

Full geographic grant map with state-by-state breakdown available with membership.

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