Mains Foundation Charitable Trust

Foundation · Grantmaker Augusta, KY EIN: 61-0916661

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.

Key facts about Mains Foundation Charitable Trust

EIN: 61-0916661
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $12,084
Grants made (2024): 5
Average grant: $2,417
Median grant: $2,349
Total assets: $376,873
Primary geography: Kentucky (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Mains Foundation Charitable Trust funds

By grant dollars, the top recipient states for Mains Foundation Charitable Trust's 5 itemized 2024 grants were Kentucky (100%). None of its 5 grants with a stated purpose were described as general or operating support.

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.

Next steps with Mains Foundation Charitable Trust

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$377K

+413.2% YoY

Annual Giving

$12K

+72.6% YoY

Grant Count

+66.7% YoY

Avg Grant Size

$2K

+3.6% YoY

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.

About Mains Foundation Charitable Trust

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Kentucky $12K (100%)

Share of all 5 itemized 2024 grant dollars.

States

Kentucky

Cities

MoreheadMaysvilleAugustaHighland HeightsLexingtonLouisville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$376,873	$73,432	$68,733
Revenue	$315,692	$12,013	$12,005
Expenses	$12,251	$7,314	$18,283
Qualifying Distributions	$12,084	$7,000	$16,537
Net Investment Income	$315,692	$12,013	$12,005
Distributable Amount	$11,884	$9,000	$9,048

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Grant Size Distribution

15 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Maysville Community College ($4,000), Augusta VFW ($3,084), Morehead State University ($2,349).

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

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Nicholas A Colvin	Trustee	1	—
Gregory H Mains	Trustee	1	—

Frequently Asked Questions

How large is Mains Foundation Charitable Trust?

As of 2024, Mains Foundation Charitable Trust holds $377K in total assets with $316K in annual revenue. It awarded 5 grants totaling $12K in 2024.

Where does Mains Foundation Charitable Trust operate?

Mains Foundation Charitable Trust has awarded grants in Kentucky.

What size grants does Mains Foundation Charitable Trust award?

In 2024, Mains Foundation Charitable Trust awarded 5 grants totaling $12K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Mains Foundation Charitable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Mains Foundation Charitable Trust reported a distributable amount of $12K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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.