The MTB Charitable Foundation Inc
The MTB Charitable Foundation Inc is a private foundation, based in Clarkesville, GA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $321K in total assets. In 2025, it awarded 2 grants totaling $15K. Net investment income was $11K.
The MTB Charitable Foundation Inc at a glance
In short: The MTB Charitable Foundation Inc gave $15K across 2 grants in 2025 (avg $8K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $15,000
- +0.0% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $7,500
- +0.0% vs 2024
- Median grant
- $7,500
- Total assets
- $320,835
- +41.8% vs 2024
- Primary geography
- Minnesota (67% 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 The MTB Charitable Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Mayo Foundation ($10K). Together the top 2 received $15K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 15 grants of 15 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How The MTB Charitable Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (+13%). Method
- In 2025 it paid out 109% of its IRS minimum distribution (the 5% rule). 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 2020 to 2025, annual grant giving ranged from $10K (2023) to $15K (2025). In 2025 it made 2 grants totaling $15K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mayo Foundation Rochester, MN | To Provide Support for Medical Research & Training | $10,000 |
| Georgia State University Atlanta, GA | To Further Educational Goals | $5,000 |
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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 | $320,835 | $111,783 | $17,235 | $15,000 | 2 | $16,118 | $11,216 | $14,758 |
| 2024 | $226,287 | $7,898 | $17,702 | $15,000 | 2 | $16,351 | $6,547 | $13,725 |
| 2023 | $236,091 | $-13,868 | $13,007 | $10,000 | 2 | $11,326 | $2,114 | $12,016 |
| 2022 | $262,966 | $8,474 | $17,577 | $13,300 | 5 | $13,300 | $2,730 | $12,555 |
| 2021 | $272,069 | $51,451 | $15,082 | $12,800 | 4 | $12,800 | $49,058 | $13,777 |
| 2020 | $235,700 | $15,776 | $15,027 | $12,800 | 4 | — | $13,377 | $11,507 |
Under IRS private-foundation payout rules, The MTB Charitable Foundation Inc reported a distributable amount of $15K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The MTB Charitable Foundation Inc is led by Steven P. Bowles, President & Secretary on every filing since 2020; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Steven P. Bowles
President & Secretary
On filings since 2020
0.5 hrs/week
No compensation reported
Tripp Kay
Treasurer
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The MTB Charitable Foundation Inc
How much does The MTB Charitable Foundation Inc give each year?
The MTB Charitable Foundation Inc gave $15K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $15K across 2 grants.
How large is The MTB Charitable Foundation Inc?
The MTB Charitable Foundation Inc reported $321K in total assets on its 2025 IRS Form 990-PF. It paid out $16K in qualifying distributions that year, against a required minimum of $15K (roughly 5% of its investment assets).
Where does The MTB Charitable Foundation Inc operate?
The MTB Charitable Foundation Inc has awarded grants in Georgia, Minnesota.
What is The MTB Charitable Foundation Inc's EIN?
The MTB Charitable Foundation Inc's EIN (Employer Identification Number) is 31-1484922. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 4, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 18, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 22, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 8, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 28, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 19, 2026)
- IRS filings on file for fiscal years 2020–2025
Live grants for the work The MTB Charitable Foundation Inc funds
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Browse active grant opportunities in The MTB Charitable Foundation Inc's focus areas in our free grants database
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