Margaret W Soule Charitable Trust

Foundation · Grantmaker Portland, ME EIN: 01-6168256

Margaret W Soule Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Portland, ME. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.2M in total assets. In 2025, it awarded 13 grants totaling $142K. Net investment income was $58K.

Key facts about Margaret W Soule Charitable Trust

In short: Margaret W Soule Charitable Trust gave $142K across 13 grants in 2025 (avg $11K), mostly in Maine. 0% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.

EIN
01-6168256
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$142,000
Grants made (2025)
13
Average grant
$10,923
Median grant
$9,600
New grantees (estimate)
0% first-time grantees (0 of 13, 2025)
Total assets
$1,202,652
Primary geography
Maine (91% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.2M

-7.8% YoY

Annual Giving

$142K

+6.8% YoY

Grant Count

13

+0.0% YoY

Avg Grant Size

$11K

+6.8% YoY

Under IRS private-foundation payout rules, Margaret W Soule Charitable Trust reported a distributable amount of $157K for 2025 — the minimum it must pay out in qualifying distributions.

Is Margaret W Soule Charitable Trust open to new grantees?

0%

first-time grantees, 2025

In 2025, 0 of 13 grantees (0%) were first-time recipients. How we count

  • 100% of 2025 grantees were also funded in 2024. Method
  • Giving held roughly steady from 2022 to 2025 (+13%). Method
  • In 2025 it paid out 98% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of all 13 itemized 2025 grant dollars.

Cities

PortlandAuburnMiddleburyNew GloucesterScarboroughTopshamWestbrookWindhamYarmouthBostonNorth Hampton

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K13 grants202013 grants202113 grants202213 grants202313 grants202413 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

Preble Street: $16KPreble Street$16KDempsey Center: $16KDempsey Center$16KAnimal Refuge League of Greater: $16KAnimal Refuge League ofGreater$16KWayfinder Schools: $16KWayfinder Schools$16KMaine Coast Heritage Trust: $11KMaine Coast Heritage Trust$11KHospice of Southern Maine: $10KHospice of Southern Maine$10KMaine Preservation: $10KMaine Preservation$10KRiding to the Top: $10KRiding to the Top$10KWaynflete School: $10KWaynflete School$10KUnited Recovery Fund: $10KUnited Recovery Fund$10K

Grant Size Distribution

65 grants across all recorded years

65<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
PREBLE STREET Portland, MEGENERAL PURPOSE$16,000
DEMPSEY CENTER Auburn, MEGENERAL PURPOSE$16,000
ANIMAL REFUGE LEAGUE OF GREATER Westbrook, MEGENERAL$16,000
WAYFINDER SCHOOLS New Gloucester, MEEDUCATION$16,000
MAINE COAST HERITAGE TRUST Topsham, MEGENERAL PURPOSE$10,500
HOSPICE OF SOUTHERN MAINE Scarborough, MEGENERAL PURPOSE$9,600
MAINE PRESERVATION Yarmouth, MEGENERAL PURPOSE$9,600
RIDING TO THE TOP Windham, MEGENERAL PURPOSE$9,600
WAYNFLETE SCHOOL Portland, MEGENERAL PURPOSE$9,600
United Recovery Fund Portland, MEGENERAL PURPOSE$9,600

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K202020212022202320242025
Metric202520242023
Total Assets$1,202,652$1,303,721$1,265,466
Revenue$75,257$201,419$98,422
Expenses$175,907$163,086$151,981
Qualifying Distributions$154,271$139,929$135,986
Net Investment Income$57,518$179,971$79,474
Distributable Amount$156,714$141,038$121,120

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 3, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 1, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
  6. Updated Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
  7. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 3, 2021)
  8. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
  9. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
  10. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 1, 2024)
  11. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
  12. Added Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)

Leadership & Key People

Officers and directors from IRS filings

Margaret W Soule Charitable Trust is led by Hm Payson Co, Trustee on every filing since 2020 — the only officer listed, and compensated.

Officers on the 2025 filing

  • Hm Payson Co

    Trustee

    On filings since 2020

    1 hr/week

    $18K (2020) → $22K (2025)

Former officers (1)
  • Former: Verrill Dana (2020–2024) — Trustee

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.

Compensation Overview

From 2025 IRS filing

HM Payson CO — Trustee: $22KHM Payson COTrustee$22K

Frequently asked questions about Margaret W Soule Charitable Trust

How much does Margaret W Soule Charitable Trust give each year?

Margaret W Soule Charitable Trust gave $142K across 13 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $133K across 13 grants.

What is Margaret W Soule Charitable Trust's typical grant size?

Margaret W Soule Charitable Trust's median grant in 2025 was $9,600, and its average grant was $10,923, across 13 grants on its 2025 IRS Form 990-PF.

Where does Margaret W Soule Charitable Trust give grants?

Margaret W Soule Charitable Trust gives mostly in Maine: 91% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Portland, ME (4 grants).

Does Margaret W Soule Charitable Trust give general operating support?

Yes: 85% of Margaret W Soule Charitable Trust's 2025 grants with a stated purpose (11 of 13) were for general or operating support, per its 2025 IRS Form 990-PF.

Who are Margaret W Soule Charitable Trust's largest grantees?

Margaret W Soule Charitable Trust's largest 2025 grantees include Preble Street ($16,000), Dempsey Center ($16,000) and Animal Refuge League of Greater ($16,000), according to its 2025 IRS Form 990-PF. Together they received 34% of its itemized 2025 grant dollars.

How large is Margaret W Soule Charitable Trust?

Margaret W Soule Charitable Trust reported $1.2M in total assets on its 2025 IRS Form 990-PF. It paid out $154K in qualifying distributions that year, against a required minimum of $157K (roughly 5% of its investment assets).

What is Margaret W Soule Charitable Trust?

Margaret W Soule Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Portland, ME. It holds $1.2M in total assets as of 2025.

What is Margaret W Soule Charitable Trust's EIN?

Margaret W Soule Charitable Trust's EIN (Employer Identification Number) is 01-6168256. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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