Martin P Lipe Sr Trust
Martin P Lipe Sr Trust is a private foundation, based in Saint Louis, MO. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $636K in total assets. In 2025, it awarded 3 grants totaling $32K. Net investment income was $35K.
Martin P Lipe Sr Trust at a glance
In short: Martin P Lipe Sr Trust gave $32K across 3 grants in 2025 (avg $11K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $32,000
- +0.0% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $10,667
- +0.0% vs 2024
- Median grant
- $8,000
- Total assets
- $636,424
- -0.1% vs 2024
- Primary geography
- North Carolina (75% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Martin P Lipe Sr Trust funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Crossnore School Inc ($16K). Together the top 3 received $32K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 15 grants of 15 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How Martin P Lipe Sr Trust gives
- Giving held roughly steady from 2022 to 2025 (−11%). Method
- In 2025 it paid out 92% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $32K (2020) to $36K (2022). In 2025 it made 3 grants totaling $32K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Crossnore School Inc Crossnore, NC | General Operating | $16,000 |
| Shriners Hosp Children Trust Atlanta, GA | General Operating | $8,000 |
| Masonic Home for Children at Oxford Oxford, NC | General Operating | $8,000 |
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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 | $636,424 | $46,595 | $46,600 | $32,000 | 3 | $34,585 | $35,194 | $37,616 |
| 2024 | $637,002 | $38,341 | $45,136 | $32,000 | 3 | $34,465 | $27,131 | $36,222 |
| 2023 | $643,178 | $17,340 | $46,283 | $34,000 | 3 | $36,282 | $10,049 | $33,747 |
| 2022 | $672,854 | $28,354 | $50,308 | $36,000 | 3 | $38,363 | $17,649 | $35,865 |
| 2021 | $694,944 | $81,115 | $48,489 | $34,000 | 3 | $36,628 | $69,330 | $40,059 |
| 2020 | $662,204 | $50,178 | $45,762 | $32,000 | 3 | — | $39,959 | $34,789 |
Under IRS private-foundation payout rules, Martin P Lipe Sr Trust reported a distributable amount of $38K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Martin P Lipe Sr Trust's only listed officer is Wells Fargo Bank N A, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
Wells Fargo Bank N A
Trustee
On filings since 2020
1 hr/week
$11K (2020) → $12K (2025)
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
The highest reported compensation on the 2025 filing was $12K, to Wells Fargo Bank N a (Trustee).
Frequently asked questions about Martin P Lipe Sr Trust
How much does Martin P Lipe Sr Trust give each year?
Martin P Lipe Sr Trust gave $32K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $32K across 3 grants.
What is Martin P Lipe Sr Trust's typical grant size?
Martin P Lipe Sr Trust's median grant in 2025 was $8,000, and its average grant was $10,667, across 3 grants on its 2025 IRS Form 990-PF.
Where does Martin P Lipe Sr Trust give grants?
Martin P Lipe Sr Trust gives mostly in North Carolina: 75% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Georgia (25%).
Does Martin P Lipe Sr Trust give general operating support?
Yes: 100% of Martin P Lipe Sr Trust's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Martin P Lipe Sr Trust?
Martin P Lipe Sr Trust reported $636K in total assets on its 2025 IRS Form 990-PF. It paid out $35K in qualifying distributions that year, against a required minimum of $38K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Martin P Lipe Sr Trust's EIN?
Martin P Lipe Sr Trust's EIN (Employer Identification Number) is 20-6418280. 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.
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 4, 2026)
- IRS filings on file for fiscal years 2020–2024
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