Clara Mcgowen Memorial Irrevocable Trust

ARDMORE, OK EIN: 73-6280877

Clara Mcgowen Memorial Irrevocable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ARDMORE, OK. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $893K in total assets. In 2024, it awarded 1 grants totaling $98K. Net investment income was $212K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$893K

+17.7% YoY

Annual Giving

$98K

-4.6% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$98K

-4.6% YoY

Under IRS private-foundation payout rules, Clara Mcgowen Memorial Irrevocable Trust reported a distributable amount of $91K for 2024 — the minimum it must pay out in qualifying distributions.

About Clara Mcgowen Memorial Irrevocable Trust

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Oklahoma $346K (100%)

States

Oklahoma

Cities

Ardmore

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$893,480	$758,882	$748,500
Revenue	$280,639	$156,563	$156,834
Expenses	$166,464	$163,120	$108,276
Qualifying Distributions	$98,236	$102,990	$49,378
Net Investment Income	$212,411	$98,274	$97,936
Distributable Amount	$90,917	$78,769	$75,980

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 First Baptist Church ($98,236).

Recipient	Purpose	Amount
FIRST BAPTIST CHURCH ARDMORE, OK	OPERATING SUPPORT	$98,236

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
FIRST NATIONAL BANK TRUST COMPANY	TRUSTEE	2	$16,244
RUDY JACK ELLIS	TRUSTEE	2	$16,244

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Clara Mcgowen Memorial Irrevocable Trust?

Clara Mcgowen Memorial Irrevocable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ARDMORE, OK. It holds $893K in total assets as of 2024.

How large is Clara Mcgowen Memorial Irrevocable Trust?

As of 2024, Clara Mcgowen Memorial Irrevocable Trust holds $893K in total assets with $281K in annual revenue. It awarded 1 grants totaling $98K in 2024.

Where does Clara Mcgowen Memorial Irrevocable Trust operate?

Clara Mcgowen Memorial Irrevocable Trust has awarded grants in Oklahoma.

What size grants does Clara Mcgowen Memorial Irrevocable Trust award?

In 2024, Clara Mcgowen Memorial Irrevocable Trust awarded 1 grants totaling $98K — an average of about $98K per grant, based on its IRS Form 990 filings.

How much is Clara Mcgowen Memorial Irrevocable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Clara Mcgowen Memorial Irrevocable Trust reported a distributable amount of $91K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Clara Mcgowen Memorial Irrevocable Trust's EIN?

Clara Mcgowen Memorial Irrevocable Trust's EIN (Employer Identification Number) is 73-6280877. IRS Form 990 filing data is available on this page for 2020–2024.