Howard and Espa Michaud Charitable Trust Fund
Howard and Espa Michaud Charitable Trust Fund is a private foundation focused on Education, based in BROOKLYN, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $982K in total assets. In 2024, it awarded 16 grants totaling $48K. Net investment income was $34K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$982K
-1.8% YoY
Annual Giving
$48K
-6.3% YoY
Grant Count
16
-20.0% YoY
Avg Grant Size
$3K
+17.1% YoY
Under IRS private-foundation payout rules, Howard and Espa Michaud Charitable Trust Fund reported a distributable amount of $57K for 2024 — the minimum it must pay out in qualifying distributions.
About Howard and Espa Michaud Charitable Trust Fund
Based on IRS filings
Howard and Espa Michaud Charitable Trust Fund is a private foundation focused on Education, based in BROOKLYN, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $982K in total assets. In 2024, it awarded 16 grants totaling $48K. Net investment income was $34K.
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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 | $981,868 | $1,000,042 | $1,087,272 |
| Revenue | $43,960 | $-22,987 | $55,827 |
| Expenses | $61,775 | $64,168 | $65,033 |
| Qualifying Distributions | $51,458 | $54,515 | $53,122 |
| Net Investment Income | $33,537 | $21,418 | $45,539 |
| Distributable Amount | $57,436 | $52,356 | $56,234 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
78 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include State of Maine Treasury Dept ($6,650), City of Presque Isle ($4,750), Aroostook Medical Center ($4,750).
| Recipient | Purpose | Amount |
|---|---|---|
| CITY OF PRESQUE ISLE PRESQUE ISLE, ME | GENERAL OPERATING | $4,750 |
| AROOSTOOK MEDICAL CENTER PRESQUE ISLE, ME | GENERAL OPERATING | $4,750 |
| AMERICAN RED CROSS PORTLAND, ME | GENERAL OPERATING EXPENSES | $2,375 |
| ST JOHNS EPISCOPAL CHURCH PRESQUE ISLE, ME | GENERAL OPERATING | $4,750 |
| THE AROOSTOOK MEDICAL CENTER PRESQUE ISLE, ME | GENERAL OPERATING EXPENSES | $1,425 |
| STATE OF MAINE TREASURY DEPT AUGUSTA, ME | GENERAL OPERATING | $6,650 |
| UNIVERSITY OF MAINE ORONO, ME | SCHOLARSHIP | $800 |
| UNIVERSITY OF MAINE AT ORONO ORONO, ME | SCHOLARSHIP | $1,600 |
| LEWIS & CLARK COMMUNITY COLLEGE GODFREY, IL | SCHOLARSHIP | $800 |
| SOUTHERN MAINE COMMUNITY COLLEGE SOUTH PORTLAND, ME | SCHOLARSHIP | $800 |
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 | $13,273 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Howard and Espa Michaud Charitable Trust Fund?
Howard and Espa Michaud Charitable Trust Fund is a private foundation focused on Education, based in BROOKLYN, OH. It holds $982K in total assets as of 2024.
How large is Howard and Espa Michaud Charitable Trust Fund?
As of 2024, Howard and Espa Michaud Charitable Trust Fund holds $982K in total assets with $44K in annual revenue. It awarded 16 grants totaling $48K in 2024.
Where does Howard and Espa Michaud Charitable Trust Fund operate?
Howard and Espa Michaud Charitable Trust Fund has awarded grants in Florida, Illinois, Massachusetts, Maine, New York, Ohio, Oklahoma, Pennsylvania.
What size grants does Howard and Espa Michaud Charitable Trust Fund award?
In 2024, Howard and Espa Michaud Charitable Trust Fund awarded 16 grants totaling $48K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Howard and Espa Michaud Charitable Trust Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Howard and Espa Michaud Charitable Trust Fund reported a distributable amount of $57K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Howard and Espa Michaud Charitable Trust Fund's EIN?
Howard and Espa Michaud Charitable Trust Fund's EIN (Employer Identification Number) is 04-6013647. 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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