Mollie Mae Hanes Memorial Trust
Mollie Mae Hanes Memorial Trust is a private foundation focused on Education, based in New Harmony, IN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $290K in total assets. In 2025, it awarded 1 grant totaling $7K. Net investment income was $7K.
Mollie Mae Hanes Memorial Trust at a glance
In short: Mollie Mae Hanes Memorial Trust gave $7K across 1 grant in 2025 (avg $7K), mostly in Kentucky. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $6,668
- -17.3% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $6,668
- -17.3% vs 2024
- Median grant
- $6,668
- Total assets
- $290,293
- -1.0% vs 2024
- Primary geography
- Kentucky (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 Mollie Mae Hanes Memorial Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Lexington Theological Seminary ($7K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Mollie Mae Hanes Memorial Trust gives
- Giving fell 22% from 2022 to 2025. Method
- In 2025 it paid out 52% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2019 to 2025, annual grant giving ranged from $5K (2019) to $9K (2022). In 2025 it made 1 grant totaling $7K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Lexington Theological Seminary Lexington, KY | Financial Aid | $6,668 |
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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 | $290,293 | $10,057 | $12,952 | $6,668 | 1 | $9,899 | $7,004 | $18,963 |
| 2024 | $293,188 | $14,175 | $14,050 | $8,066 | 1 | $11,133 | $11,258 | $17,801 |
| 2023 | $293,063 | $10,579 | $10,887 | $5,511 | 1 | $8,353 | $8,045 | $16,419 |
| 2022 | $293,371 | $-2,150 | $14,047 | $8,585 | 1 | $11,395 | $3,944 | $16,906 |
| 2021 | $309,568 | $5,762 | $13,001 | $7,037 | 1 | $10,171 | $2,932 | $18,756 |
| 2020 | $316,807 | $8,563 | $12,372 | $7,470 | 1 | — | $6,693 | $17,539 |
| 2019 | $320,616 | $12,352 | $10,159 | $5,146 | 1 | — | $10,754 | $16,031 |
Under IRS private-foundation payout rules, Mollie Mae Hanes Memorial Trust reported a distributable amount of $19K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Mollie Mae Hanes Memorial Trust is led by Jody L. Giles, Trustee on every filing since 2019 — the only officer listed, and compensated.
Officers on the 2025 filing
Jody L. Giles
Trustee
On filings since 2019
1 hr/week
$2K (2020) → $2K (2025)
Former officers (1)
- Former: Phylis Hawley (2019) — Trustee
Data from IRS Form 990 filings, 2019–2025. "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 $2K, to Jody L Giles (Trustee).
Frequently asked questions about Mollie Mae Hanes Memorial Trust
How much does Mollie Mae Hanes Memorial Trust give each year?
Mollie Mae Hanes Memorial Trust gave $7K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $8K across 1 grant.
How large is Mollie Mae Hanes Memorial Trust?
Mollie Mae Hanes Memorial Trust reported $290K in total assets on its 2025 IRS Form 990-PF. It paid out $10K in qualifying distributions that year, against a required minimum of $19K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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 $290K in total assets as of 2025.
Where does Mollie Mae Hanes Memorial Trust operate?
Mollie Mae Hanes Memorial Trust has awarded grants in Kentucky.
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS August 12, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 4, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 13, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 19, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 13, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 23, 2026)
- IRS filings on file for fiscal years 2019–2025
Live grants for the work Mollie Mae Hanes Memorial Trust funds
Education Open opportunities, soonest deadline first.
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