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Mae T Drew Charitable Trust is a private corporation based in DALLAS, TX. The foundation received its IRS ruling in 2013. The principal officer is Bank Of America Na. It holds total assets of $1.4M. Annual income is reported at $312K. Total assets have grown from $1M in 2011 to $1.4M 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 2017 to 2024. The foundation primarily funds organizations in New Hampshire and Vermont. According to available records, Mae T Drew Charitable Trust has made 12 grants totaling $271K, with a median grant of $21K. Annual giving has grown from $58K in 2021 to $128K in 2023. Individual grants have ranged from $19K to $28K, with an average award of $23K. The foundation has supported 3 unique organizations. Grants have been distributed to organizations in New Hampshire and Vermont. Contributions to this foundation are tax-deductible.
Smallest Grant
$19K
Median Grant
$19K
Average Grant
$19K
Largest Grant
$19K
Based on 3 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.
Mae T Drew Charitable Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in NH, VT.
Mae T Drew Charitable Trust has distributed a total of $271K across 12 grants. The median grant size is $21K, with an average of $23K. Individual grants have ranged from $19K to $28K.
Mae T Drew Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
Mae T Drew Charitable Trust is headquartered in DALLAS, TX. While based in TX, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bank Of America | TRUSTEE | $22K | $0 | $22K |
Total Giving
$85K
Total Assets
$1.4M
Fair Market Value
$1.7M
Net Worth
$1.4M
Grants Paid
$60K
Contributions
N/A
Net Investment Income
$28K
Distribution Amount
$77K
Total Grants
12
Total Giving
$271K
Average Grant
$23K
Median Grant
$21K
Unique Recipients
3
Most Common Grant
$21K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| New Hampshire Catholic CharitiesUNRESTRICTED GENERAL | Manchester, NH | $21K | 2023 |
| Assumption Church Of CanaanUNRESTRICTED GENERAL | Beecher Falls, VT | $21K | 2023 |
| New Hampshire Association For The BlindUNRESTRICTED GENERAL | Concord, NH | $21K | 2023 |