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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$377K
+413.2% YoY
Annual Giving
$12K
+72.6% YoY
Grant Count
5
+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
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.
Ready to take the next step with Mains Foundation Charitable Trust?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| 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 |
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 include Maysville Community College ($4,000), Augusta VFW ($3,084), Morehead State University ($2,349).
| Recipient | Purpose | Amount |
|---|---|---|
| Augusta VFW Augusta, KY | Donation - Augusta VFW | $3,084 |
| Kentucky Community & Technical College System Louisville, KY | Scholarship - KCTCS | $1,651 |
| Maysville Community College Maysville, KY | Scholarship - Maysville Community College | $4,000 |
| Morehead State University Morehead, KY | Scholarship - Morehead State University | $2,349 |
| Northern Kentucky University Highland Heights, KY | Scholarship - Northern Kentucky University | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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.
Explore Open Grants
Browse active grant opportunities in Mains Foundation Charitable Trust's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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