Betty Lagarde Memorial Trust
Betty Lagarde Memorial Trust is a private foundation, based in Pennington, NJ. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $542K in total assets. In 2025, it awarded 1 grant totaling $29K. Net investment income was $54K.
Betty Lagarde Memorial Trust at a glance
In short: Betty Lagarde Memorial Trust gave $29K across 1 grant in 2025 (avg $29K), mostly in Alabama. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $29,160
- -2.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $29,160
- -2.0% vs 2024
- Median grant
- $29,160
- Total assets
- $541,991
- +4.6% vs 2024
- Primary geography
- Alabama (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Betty Lagarde Memorial Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was St Michaels Medical Clinic ($29K).
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 6 grants of 6 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Betty Lagarde Memorial Trust gives
- Giving held roughly steady from 2022 to 2025 (−3%). Method
- In 2025 it paid out 103% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $28K (2021) to $30K (2022). In 2025 it made 1 grant totaling $29K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Michaels Medical Clinic Anniston, AL | General Operating | $29,160 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $541,991 | $61,912 | $37,849 | $29,160 | 1 | $32,193 | $54,005 | $31,283 |
| 2024 | $518,335 | $60,129 | $53,378 | $29,760 | 1 | $33,210 | $48,116 | $30,413 |
| 2023 | $510,874 | $63,252 | $36,145 | $30,071 | 1 | $33,153 | $60,527 | $27,683 |
| 2022 | $483,721 | $34,656 | $38,924 | $30,100 | 2 | $33,358 | $31,837 | $27,800 |
| 2021 | $494,043 | $47,020 | $34,622 | $27,722 | 1 | $31,369 | $43,963 | $30,600 |
Under IRS private-foundation payout rules, Betty Lagarde Memorial Trust reported a distributable amount of $31K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Betty Lagarde Memorial Trust's only listed officer is Bank Of America N A, Trustee on every filing since 2021 (compensated).
Officers on the 2025 filing
Bank Of America N A
Trustee
On filings since 2021
2 hrs/week
$6K (2021) → $6K (2025)
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $6K, to Bank of America N a (Trustee).
Frequently asked questions about Betty Lagarde Memorial Trust
How much does Betty Lagarde Memorial Trust give each year?
Betty Lagarde Memorial Trust gave $29K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $30K across 1 grant.
How large is Betty Lagarde Memorial Trust?
Betty Lagarde Memorial Trust reported $542K in total assets on its 2025 IRS Form 990-PF. It paid out $32K in qualifying distributions that year, against a required minimum of $31K (roughly 5% of its investment assets).
Where does Betty Lagarde Memorial Trust operate?
Betty Lagarde Memorial Trust has awarded grants in Alabama.
What is Betty Lagarde Memorial Trust's EIN?
Betty Lagarde Memorial Trust's EIN (Employer Identification Number) is 63-6211460. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS September 26, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS September 25, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
- IRS filings on file for fiscal years 2021–2024
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