Matthew Kelly Residuary Trust
Matthew Kelly Residuary Trust is a private foundation, based in Novato, CA. IRS filing data is available from 2022 through 2023. As of 2023, the organization holds $6.9M in total assets. In 2023, it awarded 1 grant totaling $5.4M. Net investment income was $2.8M.
Matthew Kelly Residuary Trust at a glance
In short: Matthew Kelly Residuary Trust gave $5.4M across 1 grant in 2023 (avg $5.4M), mostly in California. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $5,400,000
- +248.4% vs 2022
- Grants made (2023)
- 1
- +0.0% vs 2022
- Average grant
- $5,400,000
- +248.4% vs 2022
- Median grant
- $5,400,000
- Total assets
- $6,897,167
- -18.1% vs 2022
- Primary geography
- California (100% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who Matthew Kelly Residuary Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2023
The largest 2023 recipient was Matthew Kelly Famimly Foundation Co Ghirardo CPA ($5.4M).
Grant Size Distribution
2 grants across all recorded years
The most common grant size was in the $1–5M range: 1 grant of 2 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2023 grant dollars on its one itemized grant.
States
Cities
How Matthew Kelly Residuary Trust gives
- In 2023 it paid out well above 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 2022 to 2023, annual grant giving ranged from $1.6M (2022) to $5.4M (2023). In 2023 it made 1 grant totaling $5.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Matthew Kelly Famimly Foundation Co Ghirardo CPA Novato, CA | To Support the Programs of the Charity. | $5,400,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2023 | $6,897,167 | $2,920,806 | $5,516,419 | $5,400,000 | 1 | $5,400,000 | $2,804,387 | $524,873 |
| 2022 | $8,422,250 | $2,106,026 | $1,689,017 | $1,550,000 | 1 | $1,550,000 | $1,967,009 | $485,055 |
Under IRS private-foundation payout rules, Matthew Kelly Residuary Trust reported a distributable amount of $525K for 2023 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Matthew Kelly Residuary Trust is led by Matthew B. Kelly, President on every filing since 2022; none of the 5 officers listed in 2023 report compensation.
Officers on the 2023 filing
Matthew B. Kelly
President
On filings since 2022
2 hrs/week
No compensation reported
Charles Crocker III
Director
On filings since 2022
2 hrs/week
No compensation reported
Charles McGettigan
Director
On filings since 2022
2 hrs/week
No compensation reported
Mary Kelly
Director
On filings since 2022
2 hrs/week
No compensation reported
Conrad Donner
Secretary
On filings since 2022
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2022–2023. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Matthew Kelly Residuary Trust
How much does Matthew Kelly Residuary Trust give each year?
Matthew Kelly Residuary Trust gave $5.4M across 1 grant in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $1.6M across 1 grant.
How large is Matthew Kelly Residuary Trust?
Matthew Kelly Residuary Trust reported $6.9M in total assets on its 2023 IRS Form 990-PF. It paid out $5.4M in qualifying distributions that year, against a required minimum of $525K (roughly 5% of its investment assets).
Where does Matthew Kelly Residuary Trust operate?
Matthew Kelly Residuary Trust has awarded grants in California.
What is Matthew Kelly Residuary Trust's EIN?
Matthew Kelly Residuary Trust's EIN (Employer Identification Number) is 90-6303656. IRS Form 990 filing data is available on this page for 2022–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2023
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