Margaret V Ping Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BILLINGS, MT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $604K in total assets. In 2024, it awarded 17 grants totaling $95K. Net investment income was $72K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$604K
-7.6% YoY
Annual Giving
$95K
+2.2% YoY
Grant Count
17
+6.3% YoY
Avg Grant Size
$6K
-3.9% YoY
Under IRS private-foundation payout rules, Margaret V Ping Foundation reported a distributable amount of $36K for 2024 — the minimum it must pay out in qualifying distributions.
About Margaret V Ping Foundation
Based on IRS filings
Margaret V Ping Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BILLINGS, MT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $604K in total assets. In 2024, it awarded 17 grants totaling $95K. Net investment income was $72K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $603,847 | $653,837 | $714,248 |
| Revenue | $78,835 | $37,169 | $35,686 |
| Expenses | $103,188 | $101,580 | $98,093 |
| Qualifying Distributions | $95,000 | $93,000 | $88,500 |
| Net Investment Income | $71,507 | $29,527 | $17,214 |
| Distributable Amount | $36,374 | $37,389 | $41,669 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
72 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Family Service ($10,000), Ywca ($10,000), Nations to Neighbors ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALTERNATIVES TO VIOLENCE SIOUX FALLS, SD | PHILANTHROPIC PURPOSES | $1,000 |
| ANGELAS PIAZZA BILLINGS, MT | PHILANTHROPIC PURPOSES | $6,000 |
| FAMILY SERVICE BILLINGS, MT | PHILANTHROPIC PURPOSES | $10,000 |
| FRIENDS OF THE CHILDREN - MONTANA MISSOULA, MT | PHILANTHROPIC PURPOSES | $5,000 |
| MT FREE PRESS HELENA, MT | PHILANTHROPIC PURPOSES | $2,000 |
| MT ENVIRONMENTAL INFORMATION CENTER HELENA, MT | PHILANTHROPIC PURPOSES | $6,000 |
| MISSOULA AGING MISSOULA, MT | PHILANTHROPIC PURPOSES | $5,000 |
| MT AUDUBON BILLINGS, MT | PHILANTHROPIC PURPOSES | $5,000 |
| MT NORTHERN WY CONFERENCE -- UCC BILLINGS, MT | PHILANTHROPIC PURPOSES | $5,000 |
| MOUNTAIN HOME MONTANA MISSOULA, MT | PHILANTHROPIC PURPOSES | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CANDACE FORRETTE | President | 1 | — |
| VALERIE MCMURTRY | Vice President | 1 | — |
| ED GULICK | Secretary | 1 | — |
| MARK MOAK | Treasurer | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Margaret V Ping Foundation?
Margaret V Ping Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BILLINGS, MT. It holds $604K in total assets as of 2024.
How large is Margaret V Ping Foundation?
As of 2024, Margaret V Ping Foundation holds $604K in total assets with $79K in annual revenue. It awarded 17 grants totaling $95K in 2024.
Where does Margaret V Ping Foundation operate?
Margaret V Ping Foundation has awarded grants in Minnesota, Montana, South Dakota, Utah.
What size grants does Margaret V Ping Foundation award?
In 2024, Margaret V Ping Foundation awarded 17 grants totaling $95K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Margaret V Ping Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Margaret V Ping Foundation reported a distributable amount of $36K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Margaret V Ping Foundation's EIN?
Margaret V Ping Foundation's EIN (Employer Identification Number) is 26-4347667. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Margaret V Ping Foundation'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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