Mary Elizabeth Charles Trust

DALLAS, TX EIN: 04-6008071

Mary Elizabeth Charles Trust is a private foundation, based in DALLAS, TX. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $246K in total assets. In 2024, it awarded 3 grants totaling $11K. Net investment income was $5K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$246K

+0.1% YoY

Annual Giving

$11K

+31.1% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$4K

+31.1% YoY

Under IRS private-foundation payout rules, Mary Elizabeth Charles Trust reported a distributable amount of $14K for 2024 — the minimum it must pay out in qualifying distributions.

About Mary Elizabeth Charles Trust

Based on IRS filings

Ready to take the next step with Mary Elizabeth Charles Trust?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Maine $45K (100%)

States

Maine

Cities

Fryeburg

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$245,579	$245,359	$256,283
Revenue	$10,024	$524	$48,321
Expenses	$17,920	$15,788	$20,727
Qualifying Distributions	$14,004	$11,116	$16,950
Net Investment Income	$5,445	$1,896	$44,349
Distributable Amount	$14,216	$13,178	$13,900

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

12 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Treasurer Town of ($7,419), The Trustees of Fryeburg Academy ($3,000), Congregational Church ($1,000).

Recipient	Purpose	Amount
THE TRUSTEES OF FRYEBURG ACADEMY FRYEBURG, ME	UNRESTRICTED GENERAL	$3,000
CONGREGATIONAL CHURCH FRYEBURG, ME	UNRESTRICTED GENERAL	$1,000
TREASURER TOWN OF FRYEBURG, ME	UNRESTRICTED GENERAL	$7,419

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BANK OF AMERICA	TRUSTEE	1	$4,751

Frequently Asked Questions

How large is Mary Elizabeth Charles Trust?

As of 2024, Mary Elizabeth Charles Trust holds $246K in total assets with $10K in annual revenue. It awarded 3 grants totaling $11K in 2024.

Where does Mary Elizabeth Charles Trust operate?

Mary Elizabeth Charles Trust has awarded grants in Maine.

What size grants does Mary Elizabeth Charles Trust award?

In 2024, Mary Elizabeth Charles Trust awarded 3 grants totaling $11K — an average of about $4K per grant, based on its IRS Form 990 filings.

How much is Mary Elizabeth Charles Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Mary Elizabeth Charles Trust reported a distributable amount of $14K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.