Margaret W and Lorimer W Midgett Trust

DETROIT, MI EIN: 52-7100207

Margaret W and Lorimer W Midgett Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DETROIT, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 3 grants totaling $152K. Net investment income was $123K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.7M

-1.2% YoY

Annual Giving

$152K

+5.7% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$51K

+5.7% YoY

Under IRS private-foundation payout rules, Margaret W and Lorimer W Midgett Trust reported a distributable amount of $162K for 2024 — the minimum it must pay out in qualifying distributions.

About Margaret W and Lorimer W Midgett Trust

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $780K (100%)

States

North Carolina

Cities

Chapel HillElizabeth City

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,699,402	$2,732,568	$2,749,790
Revenue	$174,682	$173,705	$-37,501
Expenses	$207,846	$192,334	$231,531
Qualifying Distributions	$155,169	$146,867	$183,873
Net Investment Income	$122,924	$116,701	$25,914
Distributable Amount	$161,937	$148,111	$154,731

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 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 Medical Foundation of Nc Inc ($76,007), Elizabeth City State University ($38,003), College of the Albemarle ($38,003).

Recipient	Purpose	Amount
ELIZABETH CITY STATE UNIVERSITY ELIZABETH CITY, NC	SUPPORT OF DAILY OPERATIONS	$38,003
MEDICAL FOUNDATION OF NC INC CHAPEL HILL, NC	SUPPORT OF DAILY OPERATIONS	$76,007
COLLEGE OF THE ALBEMARLE ELIZABETH CITY, NC	SUPPORT OF DAILY OPERATIONS	$38,003

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

No officer/director data available.

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Margaret W and Lorimer W Midgett Trust?

Margaret W and Lorimer W Midgett Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DETROIT, MI. It holds $2.7M in total assets as of 2024.

How large is Margaret W and Lorimer W Midgett Trust?

As of 2024, Margaret W and Lorimer W Midgett Trust holds $2.7M in total assets with $175K in annual revenue. It awarded 3 grants totaling $152K in 2024.

Where does Margaret W and Lorimer W Midgett Trust operate?

Margaret W and Lorimer W Midgett Trust has awarded grants in North Carolina.

What size grants does Margaret W and Lorimer W Midgett Trust award?

In 2024, Margaret W and Lorimer W Midgett Trust awarded 3 grants totaling $152K — an average of about $51K per grant, based on its IRS Form 990 filings.

How much is Margaret W and Lorimer W Midgett Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Margaret W and Lorimer W Midgett Trust reported a distributable amount of $162K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Margaret W and Lorimer W Midgett Trust's EIN?

Margaret W and Lorimer W Midgett Trust's EIN (Employer Identification Number) is 52-7100207. IRS Form 990 filing data is available on this page for 2020–2024.