Myrtle E & Wm G Hess Charitable Trust
Myrtle E & Wm G Hess Charitable Trust is a private foundation, based in CHICAGO, IL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $6.8M in total assets. In 2024, it awarded 7 grants totaling $97K. Net investment income was $252K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.8M
+1.5% YoY
Annual Giving
$97K
-70.1% YoY
Grant Count
7
-36.4% YoY
Avg Grant Size
$14K
-53.0% YoY
Under IRS private-foundation payout rules, Myrtle E & Wm G Hess Charitable Trust reported a distributable amount of $442K for 2024 — the minimum it must pay out in qualifying distributions.
About Myrtle E & Wm G Hess Charitable Trust
Based on IRS filings
Myrtle E & Wm G Hess Charitable Trust is a private foundation, based in CHICAGO, IL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $6.8M in total assets. In 2024, it awarded 7 grants totaling $97K. Net investment income was $252K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,780,320 | $6,679,386 | $6,737,483 |
| Revenue | $312,588 | $419,830 | $377,519 |
| Expenses | $209,042 | $477,930 | $497,501 |
| Qualifying Distributions | $145,865 | $388,791 | $398,714 |
| Net Investment Income | $252,053 | $333,775 | $288,971 |
| Distributable Amount | $442,238 | $395,708 | $431,724 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
47 grants across all recorded years
Open Grants
1 open opportunity from Myrtle E & Wm G Hess Charitable Trust
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include St Patrick Parish ($27,100), Christ Medicus Foundation ($20,000), Guest House Inc ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHRIST MEDICUS FOUNDATION NORTHVILLE, MI | GENERAL | $20,000 |
| ST PATRICK PARISH WALKERTON, IN | GENERAL | $27,100 |
| MERCY HIGH SCHOOL FARMINGTON HILLS, MI | GENERAL | $8,000 |
| MOTHER AND UNBORN BABY CARE INC SOUTHFIELD, MI | GENERAL | $10,000 |
| SOCIETY OF ST VINCENT DE PAUL WHITE LAKE, MI | GENERAL | $5,000 |
| GUEST HOUSE INC LAKE ORION, MI | GENERAL | $15,000 |
| MARIAN HIGH SCHOOL BLOOMFIELD HILLS, MI | GENERAL | $12,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THOMAS W PAYNE | CO-TRUSTEE | 2 | — |
Frequently Asked Questions
How large is Myrtle E & Wm G Hess Charitable Trust?
As of 2024, Myrtle E & Wm G Hess Charitable Trust holds $6.8M in total assets with $313K in annual revenue. It awarded 7 grants totaling $97K in 2024.
Where does Myrtle E & Wm G Hess Charitable Trust operate?
Myrtle E & Wm G Hess Charitable Trust has awarded grants in Indiana, Michigan, Ohio, South Carolina.
What size grants does Myrtle E & Wm G Hess Charitable Trust award?
In 2024, Myrtle E & Wm G Hess Charitable Trust awarded 7 grants totaling $97K — an average of about $14K per grant, based on its IRS Form 990 filings.
How much is Myrtle E & Wm G Hess Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Myrtle E & Wm G Hess Charitable Trust reported a distributable amount of $442K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Myrtle E & Wm G Hess Charitable Trust's EIN?
Myrtle E & Wm G Hess Charitable Trust's EIN (Employer Identification Number) is 38-2617770. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Myrtle E & Wm G Hess Charitable Trust's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.