Mary Elizabeth Charles Trust
Mary Elizabeth Charles Trust is a private foundation, based in Dallas, TX. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $251K in total assets. In 2025, it awarded 3 grants totaling $13K. Net investment income was $20K.
Mary Elizabeth Charles Trust at a glance
In short: Mary Elizabeth Charles Trust gave $13K across 3 grants in 2025 (avg $4K), mostly in Maine. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $13,315
- +16.6% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $4,438
- +16.6% vs 2024
- Median grant
- $3,000
- Total assets
- $251,020
- +2.2% vs 2024
- Primary geography
- Maine (100% 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 Mary Elizabeth Charles Trust funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Town of Fryeburg ($9K). Together the top 3 received $13K.
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 Mary Elizabeth Charles Trust gives
- Giving held roughly steady from 2022 to 2025 (−9%). Method
- In 2025 it paid out 106% of its IRS minimum distribution (the 5% rule). 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 2021 to 2025, annual grant giving ranged from $9K (2023) to $15K (2022). In 2025 it made 3 grants totaling $13K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Town of Fryeburg Fryeburg, ME | Unrestricted General | $9,315 |
| The Trustees of Fryeburg Academy Fryeburg, ME | Unrestricted General | $3,000 |
| Congregational Church Society Fryeburg, ME | Unrestricted General | $1,000 |
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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 | $251,020 | $24,673 | $20,397 | $13,315 | 3 | $15,897 | $20,041 | $14,980 |
| 2024 | $245,579 | $10,024 | $17,920 | $11,419 | 3 | $14,004 | $5,445 | $14,216 |
| 2023 | $245,359 | $524 | $15,788 | $8,711 | 3 | $11,116 | $1,896 | $13,178 |
| 2022 | $256,283 | $48,321 | $20,727 | $14,564 | 3 | $16,950 | $44,349 | $13,900 |
| 2021 | $270,082 | $18,751 | $17,344 | $10,757 | 3 | — | $15,107 | $15,344 |
Under IRS private-foundation payout rules, Mary Elizabeth Charles Trust reported a distributable amount of $15K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Mary Elizabeth Charles Trust's only listed officer is Bank Of America, Trustee on every filing since 2021 (compensated).
Officers on the 2025 filing
Bank Of America
Trustee
On filings since 2021
1 hr/week
$4K (2021) → $5K (2025)
Data from IRS Form 990 filings, 2021–2025. "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 $5K, to Bank of America (Trustee).
Frequently asked questions about Mary Elizabeth Charles Trust
How much does Mary Elizabeth Charles Trust give each year?
Mary Elizabeth Charles Trust gave $13K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $11K across 3 grants.
What is Mary Elizabeth Charles Trust's typical grant size?
Mary Elizabeth Charles Trust's median grant in 2025 was $3,000, and its average grant was $4,438, across 3 grants on its 2025 IRS Form 990-PF.
Where does Mary Elizabeth Charles Trust give grants?
Mary Elizabeth Charles Trust gives mostly in Maine: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Fryeburg, ME (3 grants).
Does Mary Elizabeth Charles Trust give general operating support?
Yes: 100% of Mary Elizabeth Charles 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 Mary Elizabeth Charles Trust?
Mary Elizabeth Charles Trust reported $251K in total assets on its 2025 IRS Form 990-PF. It paid out $16K in qualifying distributions that year, against a required minimum of $15K (roughly 5% of its investment assets).
What is Mary Elizabeth Charles Trust's EIN?
Mary Elizabeth Charles Trust's EIN (Employer Identification Number) is 04-6008071. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 18, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 22, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS January 31, 2026)
- IRS filings on file for fiscal years 2021–2025
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