Martin P Lipe Sr Trust

Foundation · Grantmaker SAINT LOUIS, MO EIN: 20-6418280

Martin P Lipe Sr Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAINT LOUIS, MO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $637K in total assets. In 2024, it awarded 3 grants totaling $32K. Net investment income was $27K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$637K

-1.0% YoY

Annual Giving

$32K

-5.9% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$11K

-5.9% YoY

Under IRS private-foundation payout rules, Martin P Lipe Sr Trust reported a distributable amount of $36K for 2024 — the minimum it must pay out in qualifying distributions.

About Martin P Lipe Sr 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 $125K (74%)

Florida $36K (21%)

Georgia $8K (5%)

States

Florida Georgia North Carolina

Cities

AtlantaCrossnoreOrlandoOxford

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$637,002	$643,178	$672,854
Revenue	$38,341	$17,340	$28,354
Expenses	$45,136	$46,283	$50,308
Qualifying Distributions	$34,465	$36,282	$38,363
Net Investment Income	$27,131	$10,049	$17,649
Distributable Amount	$36,222	$33,747	$35,865

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 Crossnore School Inc ($16,000), Shriners Hosp Children Trust ($8,000), Masonic Home for Children at Oxford ($8,000).

Recipient	Purpose	Amount
SHRINERS HOSP CHILDREN TRUST ATLANTA, GA	GENERAL OPERATING	$8,000
CROSSNORE SCHOOL INC CROSSNORE, NC	GENERAL OPERATING	$16,000
MASONIC HOME FOR CHILDREN AT OXFORD OXFORD, NC	GENERAL OPERATING	$8,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
WELLS FARGO BANK N A	TRUSTEE	1	$11,635

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Martin P Lipe Sr Trust?

Martin P Lipe Sr Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAINT LOUIS, MO. It holds $637K in total assets as of 2024.

How large is Martin P Lipe Sr Trust?

As of 2024, Martin P Lipe Sr Trust holds $637K in total assets with $38K in annual revenue. It awarded 3 grants totaling $32K in 2024.

Where does Martin P Lipe Sr Trust operate?

Martin P Lipe Sr Trust has awarded grants in Florida, Georgia, North Carolina.

What size grants does Martin P Lipe Sr Trust award?

In 2024, Martin P Lipe Sr Trust awarded 3 grants totaling $32K — an average of about $11K per grant, based on its IRS Form 990 filings.

How much is Martin P Lipe Sr Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Martin P Lipe Sr Trust reported a distributable amount of $36K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.