Ernest E Mahoney Trust
Ernest E Mahoney Trust is a private foundation focused on Education, based in Las Vegas, NV. IRS filing data is available from 2019 through 2022. In 2022, it awarded 1 grant totaling $96K. Net investment income was $417.
Ernest E Mahoney Trust at a glance
In short: Ernest E Mahoney Trust gave $96K across 1 grant in 2022 (avg $96K), mostly in Maine. Source: 2022 IRS Form 990-PF.
- Annual giving (2022)
- $96,227
- +11928.4% vs 2021
- Grants made (2022)
- 1
- +0.0% vs 2021
- Average grant
- $96,227
- +11928.4% vs 2021
- Median grant
- $96,227
- Primary geography
- Maine (100% of itemized 2022 grant dollars)
- Latest 990 filing
- Form 990-PF, 2022 View filing
Data from IRS Form 990-PF, 2022; updated September 2026.
Who Ernest E Mahoney Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2022
The largest 2022 recipient was Mahoney Trust Fund ($96K).
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 11 grants of 12 (92%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2022 grant dollars on its one itemized grant.
Cities
How Ernest E Mahoney Trust gives
- Giving grew 2038% from 2019 to 2022. Method
- In 2022 it paid out well above 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 2019 to 2022, annual grant giving ranged from $800 (2021) to $96K (2022). In 2022 it made 1 grant totaling $96K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mahoney Trust Fund Camden, ME | General Operating | $96,227 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2022 | — | $474 | $98,485 | $96,227 | 1 | $98,289 | $417 | $1,655 |
| 2021 | $97,943 | $10,043 | $1,162 | $800 | 1 | $863 | $9,767 | $5,456 |
| 2020 | $89,043 | $6,647 | $8,432 | $4,000 | 5 | — | $6,402 | $5,534 |
| 2019 | $90,041 | $7,528 | $5,771 | $4,500 | 5 | — | $7,261 | $5,693 |
Under IRS private-foundation payout rules, Ernest E Mahoney Trust reported a distributable amount of $2K for 2022 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Ernest E Mahoney Trust's only listed officer is Wells Fargo Bank N A, Trustee on every filing since 2019 (compensated).
Officers on the 2022 filing
Wells Fargo Bank N A
Trustee
On filings since 2019
1 hr/week
$288 (2019) → $70 (2022)
Data from IRS Form 990 filings, 2019–2022. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2022 IRS filing
The highest reported compensation on the 2022 filing was $70, to Wells Fargo Bank N a (Trustee).
Frequently asked questions about Ernest E Mahoney Trust
How much does Ernest E Mahoney Trust give each year?
Ernest E Mahoney Trust gave $96K across 1 grant in 2022, according to its 2022 IRS Form 990-PF. In 2021 it gave $800 across 1 grant.
What is Ernest E Mahoney Trust?
Ernest E Mahoney Trust is a private foundation focused on Education, based in Las Vegas, NV.
Where does Ernest E Mahoney Trust operate?
Ernest E Mahoney Trust has awarded grants in Connecticut, Massachusetts, Maine, Pennsylvania, Vermont.
How much is Ernest E Mahoney Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2022, Ernest E Mahoney Trust reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Ernest E Mahoney Trust's EIN?
Ernest E Mahoney Trust's EIN (Employer Identification Number) is 59-6811061. IRS Form 990 filing data is available on this page for 2019–2022.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 3, 2020)
- IRS filings on file for fiscal years 2020–2022
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