Margaret V Ping Foundation
The Margaret V Ping Foundation is a private foundation based in Billings, Montana. Its 2025 filing states that it makes contributions only to preselected charitable organizations and lists award restrictions related to charitable or educational purposes involving peace, combating hunger, and environmental concerns.
Margaret V Ping Foundation at a glance
In short: Margaret V Ping Foundation gave $99K across 16 grants in 2025 (avg $6K), mostly in Montana. 13% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $99,000
- +4.2% vs 2024
- Grants made (2025)
- 16
- -5.9% vs 2024
- Average grant
- $6,188
- +10.7% vs 2024
- Median grant
- $5,500
- Total assets
- $592,119
- -1.9% vs 2024
- New grantees (estimate)
- 13% first-time grantees (2 of 16, 2025; small sample)
- Primary geography
- Montana (98% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Margaret V Ping Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it does not accept unsolicited requests and makes contributions only to preselected charitable organizations. Its filing says to contact Candace Forrette and submit materials typed on plain paper. Awards are restricted to charitable or educational purposes related to peace, combating hunger, and addressing environmental concerns.
- Review Cycle
- The filing lists September of the current year. For the 2025 filing, that refers to September 2025, a past cycle.
- Deadline
- The filing lists September of the current year.
- Contact
Application contact: Candace Forrette
Mailing address: PO Box 20216, Billings, MT 59104
Phone: (406) 259-3075
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Margaret V Ping Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Family Service ($10K). Together the top 10 received $79K.
Grant Size Distribution
74 grants across all recorded years
The most common grant size was under $50K: 74 grants of 74 (100%).
Geographic Focus
Where this funder awards grants
The foundation’s 2025 grants were reported as 98% to recipients in Montana and 2% to recipients in South Dakota.
Grant Distribution by State
Share of 2025 grant dollars across all 16 itemized grants.
Cities
Is Margaret V Ping Foundation open to new grantees?
13%
first-time grantees, 2025
In 2025, 2 of 16 grantees (13%) were first-time recipients. With only 16 grantees, that is a small sample: one grantee more or less moves the share by about 6 points. First grants averaged $3K; repeat grants $7K. How we count
Medians: $3K first-time, $6K repeat.
- 88% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+12%). Method
- In 2025 it paid out 300% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $87K (2020) to $99K (2025). In 2025 it made 16 grants totaling $99K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Family Service Billings, MT | Philanthropic Purposes | $10,000 |
| Northern Plains Resource Council Billings, MT | Philanthropic Purposes | $10,000 |
| Soft Landing Missoula Missoula, MT | Philanthropic Purposes | $10,000 |
| YWCA Billings, MT | Philanthropic Purposes | $10,000 |
| Nations to Neighbors Billings, MT | Philanthropic Purposes | $10,000 |
| Mt Audubon Billings, MT | Philanthropic Purposes | $7,000 |
| Angelas Piazza Billings, MT | Philanthropic Purposes | $6,000 |
| Mt Environmental Information Center Helena, MT | Philanthropic Purposes | $6,000 |
| Missoula Aging Missoula, MT | Philanthropic Purposes | $5,000 |
| Mountain Home Montana Missoula, MT | Philanthropic Purposes | $5,000 |
Ready to take the next step with Margaret V Ping Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $592,119 | $99,955 | $107,463 | $99,000 | 16 | $99,000 | $93,014 | $32,977 |
| 2024 | $603,847 | $78,835 | $103,188 | $95,000 | 17 | $95,000 | $71,507 | $36,374 |
| 2023 | $653,837 | $37,169 | $101,580 | $93,000 | 16 | $93,000 | $29,527 | $37,389 |
| 2022 | $714,248 | $35,686 | $98,093 | $88,500 | 13 | $88,500 | $17,214 | $41,669 |
| 2021 | $766,655 | $70,470 | $101,336 | $90,000 | 12 | $90,000 | $60,522 | $49,419 |
| 2020 | $797,521 | $48,926 | $96,142 | $86,600 | 14 | — | $40,365 | $44,009 |
Under IRS private-foundation payout rules, Margaret V Ping Foundation reported a distributable amount of $33K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No foundation mission is stated in the available information. The foundation’s 2025 filing lists peace, combating hunger, and environmental concerns among the purposes related to its awards.
Examples of supported organizations illustrate their own stated missions. Northern Plains Resource Council says it organizes Montanans to protect water, land, air, and working landscapes and to support sustainable local economies. Family Service says it works to prevent hunger, homelessness, and poverty in Yellowstone County and surrounding areas. Angela’s Piazza describes itself as supporting women in building safer lives free from addiction and violence. Mountain Home Montana says it provides a safe, stable, and nurturing home for young mothers and their children.
Grantmaking
In 2025, the foundation reported 16 grants totaling $99,000. Grants ranged from $2,000 to $10,000, with a median of $5,500. The largest listed awards were $10,000 each to Family Service, Northern Plains Resource Council, Soft Landing Missoula, YWCA, and Nations to Neighbors. Other listed awards included $7,000 to MT Audubon; $6,000 each to Angela’s Piazza and MT Environmental Information Center; and $5,000 each to Missoula Aging, Mountain Home Montana, and Singing Waters.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Candace Forrette as President, Valerie McMurtry as Vice President, Ed Gulick as Secretary, and Mark Moak as Treasurer.
Margaret V Ping Foundation is led by Candace Forrette, President on every filing since 2020; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Candace Forrette
President
On filings since 2020
1 hr/week
No compensation reported
Mark Moak
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Valerie McMurtry
Vice President
On filings since 2020
1 hr/week
No compensation reported
Ed Gulick
Secretary
On filings since 2023
1 hr/week
No compensation reported
Former officers (1)
- Former: Edward Gulick (2020–2022) — Secretary
Data from IRS Form 990 filings, 2020–2025. "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 Margaret V Ping Foundation
How much does Margaret V Ping Foundation give each year?
Margaret V Ping Foundation gave $99K across 16 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $95K across 17 grants.
What is Margaret V Ping Foundation's typical grant size?
Margaret V Ping Foundation's median grant in 2025 was $5,500, and its average grant was $6,188, across 16 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Margaret V Ping Foundation that year got $3K on average.
Where does Margaret V Ping Foundation give grants?
Margaret V Ping Foundation gives mostly in Montana: 98% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Billings, MT (9 grants), Missoula, MT (3 grants) and Helena, MT (2 grants).
Does Margaret V Ping Foundation give general operating support?
Not in 2025: none of the 16 grants with a stated purpose on Margaret V Ping Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Philanthropic Purposes" (16 grants).
Who are Margaret V Ping Foundation's largest grantees?
Margaret V Ping Foundation's largest 2025 grantees include Family Service ($10,000), Northern Plains Resource Council ($10,000) and Soft Landing Missoula ($10,000), according to its 2025 IRS Form 990-PF. Together they received 30% of its itemized 2025 grant dollars.
How large is Margaret V Ping Foundation?
Margaret V Ping Foundation reported $592K in total assets on its 2025 IRS Form 990-PF. It paid out $99K in qualifying distributions that year, against a required minimum of $33K (roughly 5% of its investment assets).
What does Margaret V Ping Foundation fund?
No foundation mission is stated in the available information. The foundation’s 2025 filing lists peace, combating hunger, and environmental concerns among the purposes related to its awards. See mission & focus areas ↑
How do I apply for a grant from Margaret V Ping Foundation?
The foundation states that it does not accept unsolicited requests and makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2020–2025.
Does Margaret V Ping Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Margaret V Ping Foundation funder profile. GrantGraph. Retrieved October 13, 2026, from https://grantable.co/funders/margaret-v-ping-foundation-morg_ade76f580bd24f029832f0252f5f4a56
BibTeX
@misc{grantable_264347667_2026,
author = {{Grantable}},
title = {{Margaret V Ping Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/margaret-v-ping-foundation-morg_ade76f580bd24f029832f0252f5f4a56},
note = {Accessed 2026-10-13. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Margaret V Ping Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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