Myrtle O Sargent Trust

DALLAS, TX EIN: 59-6192495

Myrtle O Sargent Trust is a private foundation, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3K in total assets. In 2024, it awarded 4 grants totaling $267K. Net investment income was $30K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3K

-98.8% YoY

Annual Giving

$267K

+2866.7% YoY

Grant Count

+300.0% YoY

Avg Grant Size

$67K

+641.7% YoY

Under IRS private-foundation payout rules, Myrtle O Sargent Trust reported a distributable amount of $11K for 2024 — the minimum it must pay out in qualifying distributions.

About Myrtle O Sargent Trust

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $302K (100%)

States

New York

Cities

AlfredBataviaBuffaloCobleskillCorningJasperSyracuse

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,045	$244,307	$267,043
Revenue	$32,881	$-2,165	$65,265
Expenses	$279,699	$18,804	$15,699
Qualifying Distributions	$275,933	$15,389	$14,011
Net Investment Income	$29,756	$3,618	$63,526
Distributable Amount	$11,470	$11,930	$13,422

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Grant Size Distribution

9 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Jasper-troupsburg High School ($255,000), Alfred State College ($4,500), University at Buffalo ($4,500).

Recipient	Purpose	Amount
JASPER-TROUPSBURG HIGH SCHOOL JASPER, NY	EDUCATION/SCHOLARSHIP	$255,000
ALFRED STATE COLLEGE ALFRED, NY	EDUCATION/SCHOLARSHIP	$4,500
SUNY COBLESKILL COBLESKILL, NY	UNRESTRICTED GENERAL	$3,000
UNIVERSITY AT BUFFALO BUFFALO, NY	EDUCATION/SCHOLARSHIP	$4,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BANK OF AMERICA	TRUSTEE	1	$1,128

Frequently Asked Questions

How large is Myrtle O Sargent Trust?

As of 2024, Myrtle O Sargent Trust holds $3K in total assets with $33K in annual revenue. It awarded 4 grants totaling $267K in 2024.

Where does Myrtle O Sargent Trust operate?

Myrtle O Sargent Trust has awarded grants in New York.

What size grants does Myrtle O Sargent Trust award?

In 2024, Myrtle O Sargent Trust awarded 4 grants totaling $267K — an average of about $67K per grant, based on its IRS Form 990 filings.

How much is Myrtle O Sargent Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Myrtle O Sargent Trust reported a distributable amount of $11K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.