Mains Foundation Charitable Trust
Mains Foundation Charitable Trust is a private foundation, based in Augusta, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $377K in total assets. In 2024, it awarded 5 grants totaling $12K. Net investment income was $316K.
Mains Foundation Charitable Trust at a glance
In short: Mains Foundation Charitable Trust gave $12K across 5 grants in 2024 (avg $2K), mostly in Kentucky. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $12,084
- +72.6% vs 2023
- Grants made (2024)
- 5
- +66.7% vs 2023
- Average grant
- $2,417
- +3.6% vs 2023
- Median grant
- $2,349
- Total assets
- $376,873
- +413.2% vs 2023
- Primary geography
- Kentucky (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Mains Foundation Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Maysville Community College ($4K). Together the top 5 received $12K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 15 grants of 15 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
States
Cities
How Mains Foundation Charitable Trust gives
- Giving grew 101% from 2021 to 2024. Method
- In 2024 it paid out 102% of 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 2020 to 2024, annual grant giving ranged from $6K (2020) to $17K (2022). In 2024 it made 5 grants totaling $12K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Maysville Community College Maysville, KY | Scholarship - Maysville Community College | $4,000 |
| Augusta VFW Augusta, KY | Donation - Augusta VFW | $3,084 |
| Morehead State University Morehead, KY | Scholarship - Morehead State University | $2,349 |
| Kentucky Community & Technical College System Louisville, KY | Scholarship - KCTCS | $1,651 |
| Northern Kentucky University Highland Heights, KY | Scholarship - Northern Kentucky University | $1,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $376,873 | $315,692 | $12,251 | $12,084 | 5 | $12,084 | $315,692 | $11,884 |
| 2023 | $73,432 | $12,013 | $7,314 | $7,000 | 3 | $7,000 | $12,013 | $9,000 |
| 2022 | $68,733 | $12,005 | $18,283 | $16,537 | 4 | $16,537 | $12,005 | $9,048 |
| 2021 | $75,011 | $18,005 | $6,978 | $6,000 | 2 | $6,000 | $18,005 | $8,903 |
| 2020 | $63,984 | $6,014 | $6,745 | $6,000 | 1 | — | $6,014 | $8,601 |
Under IRS private-foundation payout rules, Mains Foundation Charitable Trust reported a distributable amount of $12K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Mains Foundation Charitable Trust's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Gregory H Mains
Trustee
On filings since 2020
1 hr/week
No compensation reported
Nicholas A Colvin
Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Mains Foundation Charitable Trust
How much does Mains Foundation Charitable Trust give each year?
Mains Foundation Charitable Trust gave $12K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $7K across 3 grants.
What is Mains Foundation Charitable Trust's typical grant size?
Mains Foundation Charitable Trust's median grant in 2024 was $2,349, and its average grant was $2,417, across 5 grants on its 2024 IRS Form 990-PF.
Where does Mains Foundation Charitable Trust give grants?
Mains Foundation Charitable Trust gives mostly in Kentucky: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does Mains Foundation Charitable Trust give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on Mains Foundation Charitable Trust's 2024 IRS Form 990-PF were described as general or operating support.
Who are Mains Foundation Charitable Trust's largest grantees?
Mains Foundation Charitable Trust's largest 2024 grantees include Maysville Community College ($4,000), Augusta VFW ($3,084) and Morehead State University ($2,349), according to its 2024 IRS Form 990-PF. Together they received 78% of its itemized 2024 grant dollars.
How large is Mains Foundation Charitable Trust?
Mains Foundation Charitable Trust reported $377K in total assets on its 2024 IRS Form 990-PF. It paid out $12K in qualifying distributions that year, against a required minimum of $12K (roughly 5% of its investment assets).
What is Mains Foundation Charitable Trust's EIN?
Mains Foundation Charitable Trust's EIN (Employer Identification Number) is 61-0916661. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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