Residual Tuw Catherine Iola Michael

BALTIMORE, MD EIN: 20-6988404

Residual Tuw Catherine Iola Michael is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BALTIMORE, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $23.2M in total assets. In 2024, it awarded 1 grants totaling $1.5M. Net investment income was $2.9M.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$23.2M

+11.0% YoY

Annual Giving

$1.5M

+10.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$1.5M

+10.5% YoY

Under IRS private-foundation payout rules, Residual Tuw Catherine Iola Michael reported a distributable amount of $1.5M for 2024 — the minimum it must pay out in qualifying distributions.

About Residual Tuw Catherine Iola Michael

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Maryland $6.9M (100%)

States

Maryland

Cities

Aberdeen

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$23,243,006	$20,934,733	$20,662,479
Revenue	$4,159,659	$1,847,717	$1,212,164
Expenses	$1,729,247	$1,581,585	$1,732,429
Qualifying Distributions	$1,522,899	$1,363,069	$1,519,858
Net Investment Income	$2,906,996	$1,619,124	$1,041,986
Distributable Amount	$1,520,449	$1,319,685	$1,366,176

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 St Joan of Arc Catholic Church ($1,487,203).

Recipient	Purpose	Amount
ST JOAN OF ARC CATHOLIC CHURCH ABERDEEN, MD	FINANCIAL SUPPORT	$1,487,203

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ALBERT J A YOUNG	TRUSTEE	40	$34,161

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Residual Tuw Catherine Iola Michael?

Residual Tuw Catherine Iola Michael is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BALTIMORE, MD. It holds $23.2M in total assets as of 2024.

How large is Residual Tuw Catherine Iola Michael?

As of 2024, Residual Tuw Catherine Iola Michael holds $23.2M in total assets with $4.2M in annual revenue. It awarded 1 grants totaling $1.5M in 2024.

Where does Residual Tuw Catherine Iola Michael operate?

Residual Tuw Catherine Iola Michael has awarded grants in Maryland.

What size grants does Residual Tuw Catherine Iola Michael award?

In 2024, Residual Tuw Catherine Iola Michael awarded 1 grants totaling $1.5M — an average of about $1.5M per grant, based on its IRS Form 990 filings.

How much is Residual Tuw Catherine Iola Michael required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Residual Tuw Catherine Iola Michael reported a distributable amount of $1.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Residual Tuw Catherine Iola Michael's EIN?

Residual Tuw Catherine Iola Michael's EIN (Employer Identification Number) is 20-6988404. IRS Form 990 filing data is available on this page for 2020–2024.