Mary P Gallagher Charitable Trust

BIRMINGHAM, AL EIN: 63-6069635

Mary P Gallagher Charitable Trust is a private foundation focused on Philanthropy, based in BIRMINGHAM, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $176K in total assets. In 2024, it awarded 2 grants totaling $7K. Net investment income was $8K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$176K

-0.6% YoY

Annual Giving

$7K

-8.4% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$4K

-8.4% YoY

Under IRS private-foundation payout rules, Mary P Gallagher Charitable Trust reported a distributable amount of $9K for 2024 — the minimum it must pay out in qualifying distributions.

About Mary P Gallagher Charitable Trust

Based on IRS filings

Focus Areas

Philanthropy Foundations

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Alabama $41K (100%)

States

Alabama

Cities

Montgomery

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$176,227	$177,282	$179,074
Revenue	$11,313	$11,038	$6,083
Expenses	$12,371	$12,829	$14,927
Qualifying Distributions	$8,927	$9,575	$11,276
Net Investment Income	$8,039	$7,612	$2,869
Distributable Amount	$9,398	$8,922	$9,627

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Montgomery City-county Library ($3,563), River Region United Way ($3,563).

Recipient	Purpose	Amount
MONTGOMERY CITY-COUNTY LIBRARY MONTGOMERY, AL	GENERAL OPERATING	$3,563
RIVER REGION UNITED WAY MONTGOMERY, AL	GENERAL OPERATING	$3,563

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
REGIONS BANK	TRUSTEE	1	$4,004

Subject Areas

Focus areas based on grantmaking activity

Philanthropy Foundations

Frequently Asked Questions

What is Mary P Gallagher Charitable Trust?

Mary P Gallagher Charitable Trust is a private foundation focused on Philanthropy, based in BIRMINGHAM, AL. It holds $176K in total assets as of 2024.

How large is Mary P Gallagher Charitable Trust?

As of 2024, Mary P Gallagher Charitable Trust holds $176K in total assets with $11K in annual revenue. It awarded 2 grants totaling $7K in 2024.

Where does Mary P Gallagher Charitable Trust operate?

Mary P Gallagher Charitable Trust has awarded grants in Alabama.

What size grants does Mary P Gallagher Charitable Trust award?

In 2024, Mary P Gallagher Charitable Trust awarded 2 grants totaling $7K — an average of about $4K per grant, based on its IRS Form 990 filings.

How much is Mary P Gallagher Charitable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Mary P Gallagher Charitable Trust reported a distributable amount of $9K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Mary P Gallagher Charitable Trust's EIN?

Mary P Gallagher Charitable Trust's EIN (Employer Identification Number) is 63-6069635. IRS Form 990 filing data is available on this page for 2020–2024.