Charles G Strater Memorial Trust

PORTLAND, ME EIN: 04-6024650

Charles G Strater Memorial Trust 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 grants totaling $37K. Net investment income was $284K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$848K

+40.3% YoY

Annual Giving

$37K

+0.9% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$37K

+0.9% YoY

Under IRS private-foundation payout rules, Charles G Strater Memorial Trust reported a distributable amount of $42K for 2024 — the minimum it must pay out in qualifying distributions.

About Charles G Strater Memorial Trust

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Maine $186K (100%)

States

Maine

Cities

Ogunquit

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Ogunquit Memorial Library ($37,229).

Recipient	Purpose	Amount
OGUNQUIT MEMORIAL LIBRARY OGUNQUIT, ME	UNRESTRICTED GENERAL SUPPORT	$37,229

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

No officer/director data available.

Frequently Asked Questions

How large is Charles G Strater Memorial Trust?

As of 2024, Charles G Strater Memorial Trust holds $848K in total assets with $294K in annual revenue. It awarded 1 grants totaling $37K in 2024.

Where does Charles G Strater Memorial Trust operate?

Charles G Strater Memorial Trust has awarded grants in Maine.

What size grants does Charles G Strater Memorial Trust award?

In 2024, Charles G Strater Memorial Trust awarded 1 grants totaling $37K — an average of about $37K per grant, based on its IRS Form 990 filings.

How much is Charles G Strater Memorial Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Charles G Strater Memorial Trust reported a distributable amount of $42K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Charles G Strater Memorial Trust's EIN?

Charles G Strater Memorial Trust's EIN (Employer Identification Number) is 04-6024650. IRS Form 990 filing data is available on this page for 2020–2024.