Edward P Clark Memorial Tr

BROOKLYN, OH EIN: 01-6035550

Edward P Clark Memorial Tr is a private foundation, based in BROOKLYN, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.6M in total assets. In 2024, it awarded 7 grants totaling $659K. Net investment income was $569K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$6.6M

-1.7% YoY

Annual Giving

$659K

-8.7% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$94K

-8.7% YoY

Under IRS private-foundation payout rules, Edward P Clark Memorial Tr reported a distributable amount of $445K for 2024 — the minimum it must pay out in qualifying distributions.

About Edward P Clark Memorial Tr

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $777K (38%)

Maine $567K (27%)

Florida $517K (25%)

Rhode Island $207K (10%)

States

Florida Massachusetts Maine Rhode Island

Cities

CambridgeDamariscottaFalmouthGreenfieldLexingtonNewcastleProvidenceTampa

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$6,563,715	$6,675,971	$7,117,309
Revenue	$617,954	$392,852	$206,621
Expenses	$729,201	$834,127	$254,199
Qualifying Distributions	$674,879	$736,867	$203,700
Net Investment Income	$568,547	$344,560	$157,063
Distributable Amount	$444,696	$427,159	$439,781

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Grant Size Distribution

35 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Shriners Hospital for Children ($164,663), Massachusetts Institute of Technology ($131,730), Miles Memorial Hospital Inc ($98,798).

Recipient	Purpose	Amount
MILES MEMORIAL HOSPITAL INC DAMARISCOTTA, ME	ASSIST W/EDUCATION,	$98,798
MAINE CANCER FOUNDATION FALMOUTH, ME	EDUCATION, RESEARCH, AND	$65,865
MASSACHUSETTS INSTITUTE OF TECHNOLOGY CAMBRIDGE, MA	SCHOLARSHIPS FOR QUALIFYING	$131,730
SECOND CONGREGATIONAL CHURCH GREENFIELD, MA	GENERAL OPERATING	$65,865
BENEVOLENT FDN ANCIENT ACCEPT LEXINGTON, MA	SUPPORT MENTAL HEALTH	$65,865
BENEFICENT CONGREGATIONAL CHURCH PROVIDENCE, RI	MEM OF J K CLARK-SUPPORT	$65,865
SHRINERS HOSPITAL FOR CHILDREN TAMPA, FL	GENERAL OPERATING	$164,663

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
KEYBANK N A	TRUSTEE	1	$60,912

Frequently Asked Questions

How large is Edward P Clark Memorial Tr?

As of 2024, Edward P Clark Memorial Tr holds $6.6M in total assets with $618K in annual revenue. It awarded 7 grants totaling $659K in 2024.

Where does Edward P Clark Memorial Tr operate?

Edward P Clark Memorial Tr has awarded grants in Florida, Massachusetts, Maine, Rhode Island.

What size grants does Edward P Clark Memorial Tr award?

In 2024, Edward P Clark Memorial Tr awarded 7 grants totaling $659K — an average of about $94K per grant, based on its IRS Form 990 filings.

How much is Edward P Clark Memorial Tr required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Edward P Clark Memorial Tr reported a distributable amount of $445K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.