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Elmer S & Christine Lowe Memorial Trust is a private trust based in RALEIGH, NC. The foundation received its IRS ruling in 1993. The principal officer is First Citizens Bank Trustee. It holds total assets of $2.2M. Annual income is reported at $605K. The foundation is governed by 1 officer or trustee. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2017 to 2023. According to available records, Elmer S & Christine Lowe Memorial Trust has made 3 grants totaling $392K, with a median grant of $136K. Annual giving has grown from $120K in 2020 to $272K in 2022. Individual grants have ranged from $120K to $136K, with an average award of $131K. Grant recipients are concentrated in North Carolina. 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.
Elmer S & Christine Lowe Memorial Trust is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in NC.
Elmer S & Christine Lowe Memorial Trust has distributed a total of $392K across 3 grants. The median grant size is $136K, with an average of $131K. Individual grants have ranged from $120K to $136K.
Elmer S & Christine Lowe Memorial Trust typically selects its grantees rather than accepting unsolicited proposals.
Elmer S & Christine Lowe Memorial Trust is headquartered in RALEIGH, NC.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| First Citizens Bank | TRUSTEE | $32K | $0 | $32K |
Total Giving
$151K
Total Assets
$2.2M
Fair Market Value
$2.4M
Net Worth
$2.2M
Grants Paid
$118K
Contributions
N/A
Net Investment Income
$27K
Distribution Amount
$112K
Total: $2.1M
Total Grants
3
Total Giving
$392K
Average Grant
$131K
Median Grant
$136K
Unique Recipients
1
Most Common Grant
$136K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Wrmc Hospital Operating CorpGENERAL NEEDS OF HOSPITAL | North Wilkesboro, NC | $136K | 2022 |