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Also known as: C/O FIRST NATIONAL BANK & TRUST COM
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Clara Mcgowen Memorial Irrevocable Trust is a private trust based in ARDMORE, OK. The foundation received its IRS ruling in 1995. The principal officer is First National Bk & Trust Co Ardmore. It holds total assets of $893K. Annual income is reported at $397K. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Clara Mcgowen Memorial Irrevocable Trust has made 5 grants totaling $297K, with a median grant of $49K. Annual giving has grown from $61K in 2020 to $103K in 2023. Individual grants have ranged from $35K to $103K, with an average award of $59K. Grant recipients are concentrated in Oklahoma. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Clara Mcgowen Memorial Irrevocable Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in OK.
Clara Mcgowen Memorial Irrevocable Trust has distributed a total of $297K across 5 grants. The median grant size is $49K, with an average of $59K. Individual grants have ranged from $35K to $103K.
Clara Mcgowen Memorial Irrevocable Trust typically selects its grantees rather than accepting unsolicited proposals.
Clara Mcgowen Memorial Irrevocable Trust is headquartered in ARDMORE, OK.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Rudy Jack Ellis | TRUSTEE | $14K | $0 | $14K |
| First National Bank Trust Company | TRUSTEE | $14K | $0 | $14K |
Total Giving
$163K
Total Assets
$759K
Fair Market Value
$1.8M
Net Worth
$759K
Grants Paid
$103K
Contributions
N/A
Net Investment Income
$98K
Distribution Amount
$79K
Total: $611K
Total Grants
5
Total Giving
$297K
Average Grant
$59K
Median Grant
$49K
Unique Recipients
1
Most Common Grant
$49K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| First Baptist ChurchOPERATING SUPPORT | Ardmore, OK | $103K | 2023 |
TULSA, OK
ARDMORE, OK
OKLAHOMA CITY, OK