Frank and Mary Cipech Charitable Trust
Frank and Mary Cipech Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BILLINGS, MT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $655K in total assets. In 2024, it awarded 9 grants totaling $48K. Net investment income was $32K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$655K
-3.0% YoY
Annual Giving
$48K
+198.0% YoY
Grant Count
9
+0.0% YoY
Avg Grant Size
$5K
+198.0% YoY
Under IRS private-foundation payout rules, Frank and Mary Cipech Charitable Trust reported a distributable amount of $37K for 2024 — the minimum it must pay out in qualifying distributions.
About Frank and Mary Cipech Charitable Trust
Based on IRS filings
Frank and Mary Cipech Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BILLINGS, MT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $655K in total assets. In 2024, it awarded 9 grants totaling $48K. Net investment income was $32K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $654,583 | $674,621 | $660,826 |
| Revenue | $39,525 | $40,154 | $2,123 |
| Expenses | $59,651 | $26,178 | $49,566 |
| Qualifying Distributions | $51,204 | $19,308 | $40,346 |
| Net Investment Income | $31,774 | $32,488 | $11,925 |
| Distributable Amount | $37,135 | $34,294 | $36,005 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
45 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Unicef ($5,286), Billings Catholic Schools Foundation ($5,286), American Red Cross of Montana ($5,286).
| Recipient | Purpose | Amount |
|---|---|---|
| UNICEF New York, NY | PROGRAM SUPPORT | $5,286 |
| Billings Catholic Schools Foundation Billings, MT | PROGRAM SUPPORT | $5,286 |
| American Red Cross of Montana Washington, DC | PROGRAM SUPPORT | $5,286 |
| Family Service Inc Billings, MT | PROGRAM SUPPORT | $5,286 |
| Roman Catholic Bishop of Great Falls Great Falls, MT | PROGRAM SUPPORT | $5,286 |
| St Bernard's Catholic Parish Billings, MT | PROGRAM SUPPORT | $5,286 |
| Billings Central Catholic High School Billings, MT | PROGRAM SUPPORT | $5,286 |
| Adult Resource Alliance of Yellowstone Billings, MT | PROGRAM SUPPORT | $5,286 |
| Montana Rescue Mission Billings, MT | PROGRAM SUPPORT | $5,286 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FIRST INTERSTATE BANK | TRUSTEE | 2 | $9,359 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Frank and Mary Cipech Charitable Trust?
Frank and Mary Cipech Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BILLINGS, MT. It holds $655K in total assets as of 2024.
How large is Frank and Mary Cipech Charitable Trust?
As of 2024, Frank and Mary Cipech Charitable Trust holds $655K in total assets with $40K in annual revenue. It awarded 9 grants totaling $48K in 2024.
Where does Frank and Mary Cipech Charitable Trust operate?
Frank and Mary Cipech Charitable Trust has awarded grants in District of Columbia, Montana, New York.
What size grants does Frank and Mary Cipech Charitable Trust award?
In 2024, Frank and Mary Cipech Charitable Trust awarded 9 grants totaling $48K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Frank and Mary Cipech Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Frank and Mary Cipech Charitable Trust reported a distributable amount of $37K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Frank and Mary Cipech Charitable Trust's EIN?
Frank and Mary Cipech Charitable Trust's EIN (Employer Identification Number) is 27-0301768. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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