Mollie Mae Hanes Memorial Trust

NEW HARMONY, IN EIN: 20-6167815

Mollie Mae Hanes Memorial Trust is a private foundation focused on Education, based in NEW HARMONY, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $293K in total assets. In 2024, it awarded 1 grants totaling $8K. Net investment income was $11K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$293K

+0.0% YoY

Annual Giving

$8K

+46.4% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$8K

+46.4% YoY

Under IRS private-foundation payout rules, Mollie Mae Hanes Memorial Trust reported a distributable amount of $18K for 2024 — the minimum it must pay out in qualifying distributions.

About Mollie Mae Hanes Memorial Trust

Based on IRS filings

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Kentucky $37K (100%)

States

Kentucky

Cities

Lexington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$293,188	$293,063	$293,371
Revenue	$14,175	$10,579	$-2,150
Expenses	$14,050	$10,887	$14,047
Qualifying Distributions	$11,133	$8,353	$11,395
Net Investment Income	$11,258	$8,045	$3,944
Distributable Amount	$17,801	$16,419	$16,906

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Lexington Theological Seminary ($8,066).

Recipient	Purpose	Amount
LEXINGTON THEOLOGICAL SEMINARY LEXINGTON, KY	FINANCIAL AID	$8,066

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JODY GILES	TRUSTEE	1	$1,917

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is Mollie Mae Hanes Memorial Trust?

Mollie Mae Hanes Memorial Trust is a private foundation focused on Education, based in NEW HARMONY, IN. It holds $293K in total assets as of 2024.

How large is Mollie Mae Hanes Memorial Trust?

As of 2024, Mollie Mae Hanes Memorial Trust holds $293K in total assets with $14K in annual revenue. It awarded 1 grants totaling $8K in 2024.

Where does Mollie Mae Hanes Memorial Trust operate?

Mollie Mae Hanes Memorial Trust has awarded grants in Kentucky.

What size grants does Mollie Mae Hanes Memorial Trust award?

In 2024, Mollie Mae Hanes Memorial Trust awarded 1 grants totaling $8K — an average of about $8K per grant, based on its IRS Form 990 filings.

How much is Mollie Mae Hanes Memorial Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Mollie Mae Hanes Memorial Trust reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Mollie Mae Hanes Memorial Trust's EIN?

Mollie Mae Hanes Memorial Trust's EIN (Employer Identification Number) is 20-6167815. IRS Form 990 filing data is available on this page for 2020–2024.