Charles G Strater Memorial Trust FBO Ogunquit Memorial Library
Charles G Strater Memorial Trust FBO Ogunquit Memorial Library is a private foundation, based in Portland, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $848K in total assets. In 2024, it awarded 1 grant totaling $37K. Net investment income was $284K.
Key facts about Charles G Strater Memorial Trust FBO Ogunquit Memorial Library
In short: Charles G Strater Memorial Trust FBO Ogunquit Memorial Library gave $37K across 1 grant in 2024 (avg $37K), mostly in Maine. Source: 2024 IRS Form 990-PF.
- EIN
- 04-6024650
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $37,229
- Grants made (2024)
- 1
- Average grant
- $37,229
- Median grant
- $37,229
- Total assets
- $847,721
- Primary geography
- Maine (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated October 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$848K
+40.3% YoY
Annual Giving
$37K
+0.9% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$37K
+0.9% YoY
Under IRS private-foundation payout rules, Charles G Strater Memorial Trust FBO Ogunquit Memorial Library reported a distributable amount of $42K for 2024 — the minimum it must pay out in qualifying distributions.
How Charles G Strater Memorial Trust FBO Ogunquit Memorial Library gives
- Giving held roughly steady from 2021 to 2024 (+4%). Method
- In 2024 it paid out 98% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $34K (2020) to $41K (2022). In 2024 it made 1 grant totaling $37K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Ogunquit Memorial Library ($37K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ogunquit Memorial Library Ogunquit, ME | Unrestricted General Support | $37,229 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $847,721 | $604,258 | $609,584 |
| Revenue | $293,870 | $43,093 | $83,596 |
| Expenses | $51,131 | $49,518 | $50,747 |
| Qualifying Distributions | $41,111 | $39,635 | $43,443 |
| Net Investment Income | $284,366 | $34,710 | $77,268 |
| Distributable Amount | $41,910 | $39,967 | $39,112 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Charles G Strater Memorial Trust FBO Ogunquit Memorial Library is led by Rm Davis Co Timothy Malisa, Trustee on every filing since 2023 — the only officer listed, and compensated.
Officers on the 2024 filing
Rm Davis Co Timothy Malisa
Trustee
On filings since 2023
$3K (2023) → $4K (2024)
Former officers (1)
- Former: Rm Davis Co Hugh C. Judge (2020–2022) — Trustee
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $4K, to RM Davis Co Timothy Malisa (Trustee).
Frequently asked questions about Charles G Strater Memorial Trust FBO Ogunquit Memorial Library
How much does Charles G Strater Memorial Trust FBO Ogunquit Memorial Library give each year?
Charles G Strater Memorial Trust FBO Ogunquit Memorial Library gave $37K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $37K across 1 grant.
How large is Charles G Strater Memorial Trust FBO Ogunquit Memorial Library?
Charles G Strater Memorial Trust FBO Ogunquit Memorial Library reported $848K in total assets on its 2024 IRS Form 990-PF. It paid out $41K in qualifying distributions that year, against a required minimum of $42K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Charles G Strater Memorial Trust FBO Ogunquit Memorial Library operate?
Charles G Strater Memorial Trust FBO Ogunquit Memorial Library has awarded grants in Maine.
What is Charles G Strater Memorial Trust FBO Ogunquit Memorial Library's EIN?
Charles G Strater Memorial Trust FBO Ogunquit Memorial Library's EIN (Employer Identification Number) is 04-6024650. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Charles G Strater Memorial Trust FBO Ogunquit Memorial Library by hand.
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