James E Mcgrath Trust

BANGOR, ME EIN: 20-7105018

James E Mcgrath Trust is a private foundation, based in BANGOR, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $485K in total assets. In 2024, it awarded 1 grants totaling $31K. Net investment income was $40K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$485K

+2.5% YoY

Annual Giving

$31K

+5.1% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$31K

+5.1% YoY

Under IRS private-foundation payout rules, James E Mcgrath Trust reported a distributable amount of $30K for 2024 — the minimum it must pay out in qualifying distributions.

About James E Mcgrath Trust

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Maine $163K (100%)

States

Maine

Cities

Bangor

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$485,159	$473,177	$504,362
Revenue	$51,822	$15,011	$41,138
Expenses	$40,062	$45,914	$47,852
Qualifying Distributions	$33,500	$31,917	$40,542
Net Investment Income	$39,783	$12,280	$35,843
Distributable Amount	$29,805	$29,260	$31,250

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 St John's Roman Catholic Church ($30,677).

Recipient	Purpose	Amount
ST JOHN'S ROMAN CATHOLIC CHURCH Bangor, ME	CHARITY	$30,677

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

No officer/director data available.

Frequently Asked Questions

How large is James E Mcgrath Trust?

As of 2024, James E Mcgrath Trust holds $485K in total assets with $52K in annual revenue. It awarded 1 grants totaling $31K in 2024.

Where does James E Mcgrath Trust operate?

James E Mcgrath Trust has awarded grants in Maine.

What size grants does James E Mcgrath Trust award?

In 2024, James E Mcgrath Trust awarded 1 grants totaling $31K — an average of about $31K per grant, based on its IRS Form 990 filings.

How much is James E Mcgrath Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, James E Mcgrath Trust reported a distributable amount of $30K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.