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Lorence I Millstead Irrevocable Charitable Trust is a private trust based in CLAYTON, MO. The foundation received its IRS ruling in 2001. The principal officer is Commerce Bank Na. It holds total assets of $4.5M. Annual income is reported at $1.5M. Total assets have grown from $3.5M in 2011 to $4.3M in 2023. The foundation is governed by 1 officer or trustee. 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 2021 to 2024. The foundation primarily funds organizations in Missouri, Florida and Tennessee. According to available records, Lorence I Millstead Irrevocable Charitable Trust has made 25 grants totaling $996K, with a median grant of $39K. The foundation has distributed between $183K and $426K annually from 2021 to 2024. Grantmaking activity was highest in 2023 with $426K distributed across 10 grants. Individual grants have ranged from $37K to $43K, with an average award of $40K. The foundation has supported 5 unique organizations. Grants have been distributed to organizations in Missouri and Florida and Tennessee. Contributions to this foundation are tax-deductible.
Smallest Grant
$38K
Median Grant
$38K
Average Grant
$38K
Largest Grant
$38K
Based on 5 grants from the most recent 990-PF filing.
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.
Lorence I Millstead Irrevocable Charitable Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 25 grants. Its grantmaking reaches organizations primarily in MO, FL, TN.
Lorence I Millstead Irrevocable Charitable Trust has distributed a total of $996K across 25 grants. The median grant size is $39K, with an average of $40K. Individual grants have ranged from $37K to $43K.
Lorence I Millstead Irrevocable Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
Lorence I Millstead Irrevocable Charitable Trust is headquartered in CLAYTON, MO. While based in MO, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Commerce Trust Company | TAX PREPARATION | $2K | $0 | $2K |
Total Giving
$226K
Total Assets
$4.3M
Fair Market Value
$4.4M
Net Worth
$4.3M
Grants Paid
$183K
Contributions
N/A
Net Investment Income
$371K
Distribution Amount
$222K
Total: $3.8M
Total Grants
25
Total Giving
$996K
Average Grant
$40K
Median Grant
$39K
Unique Recipients
5
Most Common Grant
$43K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Boys & Girls ClubGENERAL OPERATIONS | Springfield, MO | $37K | 2024 |
| St Jude Childrens Research HospitalGENERAL OPERATIONS | Memphis, TN | $37K | 2024 |
| College Of The OzarksGENERAL OPERATIONS | Point Lookout, MO | $37K | 2024 |
| Shriners Hospitals For ChildrenGENERAL OPERATIONS | Tampa, FL | $37K | 2024 |
| The Salvation ArmyGENERAL OPERATIONS | St Louis, MO | $37K | 2024 |