Formosa Plastics Memorial Medical Trust

PORT LAVACA, TX EIN: 74-6432975

Formosa Plastics Memorial Medical Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PORT LAVACA, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $329K in total assets. In 2024, it awarded 1 grants totaling $15K. Net investment income was $7K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$329K

-4.1% YoY

Annual Giving

$15K

+0.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$15K

+0.0% YoY

Under IRS private-foundation payout rules, Formosa Plastics Memorial Medical Trust reported a distributable amount of $13K for 2024 — the minimum it must pay out in qualifying distributions.

About Formosa Plastics Memorial Medical 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

Texas $79K (100%)

States

Texas

Cities

Port Lavaca

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$329,001	$342,998	$351,128
Revenue	$4,380	$7,792	$19,474
Expenses	$16,364	$15,805	$18,817
Qualifying Distributions	$14,500	$14,500	$16,900
Net Investment Income	$6,778	$6,732	$17,601
Distributable Amount	$13,199	$14,192	$15,479

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 Memorial Medical Center ($14,500).

Recipient	Purpose	Amount
MEMORIAL MEDICAL CENTER PORT LAVACA, TX	PURCHASE MEDICAL EQUIPMENT	$14,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
WH BAUER JR FIRST NATIONA	Trustee	—	—
JACK WU FORMOSA PLASTICS	Trustee	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Formosa Plastics Memorial Medical Trust?

Formosa Plastics Memorial Medical Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PORT LAVACA, TX. It holds $329K in total assets as of 2024.

How large is Formosa Plastics Memorial Medical Trust?

As of 2024, Formosa Plastics Memorial Medical Trust holds $329K in total assets with $4K in annual revenue. It awarded 1 grants totaling $15K in 2024.

Where does Formosa Plastics Memorial Medical Trust operate?

Formosa Plastics Memorial Medical Trust has awarded grants in Texas.

What size grants does Formosa Plastics Memorial Medical Trust award?

In 2024, Formosa Plastics Memorial Medical Trust awarded 1 grants totaling $15K — an average of about $15K per grant, based on its IRS Form 990 filings.

How much is Formosa Plastics Memorial Medical Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Formosa Plastics Memorial Medical Trust reported a distributable amount of $13K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Formosa Plastics Memorial Medical Trust's EIN?

Formosa Plastics Memorial Medical Trust's EIN (Employer Identification Number) is 74-6432975. IRS Form 990 filing data is available on this page for 2020–2024.