Margaret C Korbel Memorial Trust Uw Fifth

CINCINNATI, OH EIN: 35-6564220

Margaret C Korbel Memorial Trust Uw Fifth is a private foundation, based in CINCINNATI, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $510K in total assets. In 2024, it awarded 4 grants totaling $26K. Net investment income was $51K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$510K

+4.7% YoY

Annual Giving

$26K

-7.1% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$7K

-7.1% YoY

Under IRS private-foundation payout rules, Margaret C Korbel Memorial Trust Uw Fifth reported a distributable amount of $29K for 2024 — the minimum it must pay out in qualifying distributions.

About Margaret C Korbel Memorial Trust Uw Fifth

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Indiana $104K (65%)

Oklahoma $40K (25%)

Illinois $17K (10%)

States

Illinois Indiana Oklahoma

Cities

EvansvilleHuffman EstIndianapolisOklahoma City

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$510,302	$487,583	$494,798
Revenue	$59,381	$30,330	$22,235
Expenses	$36,702	$37,467	$49,787
Qualifying Distributions	$28,025	$29,872	$41,842
Net Investment Income	$51,098	$22,503	$14,366
Distributable Amount	$28,595	$26,207	$27,927

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Grant Size Distribution

20 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include American Cancer Society Inc ($6,500), Usi Foundation ($6,500), Salvation Army ($6,500).

Recipient	Purpose	Amount
AMERICAN CANCER SOCIETY INC OKLAHOMA CITY, OK	ANNUAL FUND	$6,500
USI FOUNDATION EVANSVILLE, IN	ANNUAL FUND	$6,500
SALVATION ARMY INDIANAPOLIS, IN	ANNUAL FUND	$6,500
EVANSVILLE ASSN FOR THE BLIND EVANSVILLE, IN	ANNUAL FUND	$6,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
FIFTH THIRD BANK N A	TRUSTEE	1	$8,603

Frequently Asked Questions

How large is Margaret C Korbel Memorial Trust Uw Fifth?

As of 2024, Margaret C Korbel Memorial Trust Uw Fifth holds $510K in total assets with $59K in annual revenue. It awarded 4 grants totaling $26K in 2024.

Where does Margaret C Korbel Memorial Trust Uw Fifth operate?

Margaret C Korbel Memorial Trust Uw Fifth has awarded grants in Illinois, Indiana, Oklahoma.

What size grants does Margaret C Korbel Memorial Trust Uw Fifth award?

In 2024, Margaret C Korbel Memorial Trust Uw Fifth awarded 4 grants totaling $26K — an average of about $7K per grant, based on its IRS Form 990 filings.

How much is Margaret C Korbel Memorial Trust Uw Fifth required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Margaret C Korbel Memorial Trust Uw Fifth reported a distributable amount of $29K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Margaret C Korbel Memorial Trust Uw Fifth's EIN?

Margaret C Korbel Memorial Trust Uw Fifth's EIN (Employer Identification Number) is 35-6564220. IRS Form 990 filing data is available on this page for 2020–2024.