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Margaret W And Lorimer W Midgett Trust is a private corporation based in CINCINNATI, OH. The foundation received its IRS ruling in 2000. The principal officer is Comerica Bank & Trust Na. It holds total assets of $2.7M. Annual income is reported at $1.7M. Total assets have grown from $1.8M in 2011 to $2.7M 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 2016 to 2023. Grantmaking is concentrated in North Carolina. According to available records, Margaret W And Lorimer W Midgett Trust has made 9 grants totaling $512K, with a median grant of $45K. Annual giving has grown from $150K in 2021 to $362K in 2022. Individual grants have ranged from $38K to $91K, with an average award of $57K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in North Carolina. Contributions to this foundation are tax-deductible.
Smallest Grant
$38K
Median Grant
$38K
Average Grant
$51K
Largest Grant
$77K
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.
Margaret W And Lorimer W Midgett Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 9 grants. Its grantmaking reaches organizations primarily in NC.
Margaret W And Lorimer W Midgett Trust has distributed a total of $512K across 9 grants. The median grant size is $45K, with an average of $57K. Individual grants have ranged from $38K to $91K.
Margaret W And Lorimer W Midgett Trust typically selects its grantees rather than accepting unsolicited proposals.
Margaret W And Lorimer W Midgett Trust is headquartered in CINCINNATI, OH.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Comerica Bank | TRUSTEE | $18K | $0 | $18K |
Total Giving
$192K
Total Assets
$2.7M
Fair Market Value
$3.2M
Net Worth
$2.7M
Grants Paid
$144K
Contributions
N/A
Net Investment Income
$117K
Distribution Amount
$148K
Total: $2.7M
Total Grants
9
Total Giving
$512K
Average Grant
$57K
Median Grant
$45K
Unique Recipients
3
Most Common Grant
$45K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Medical Foundation Of Nc IncSCHOLARSHIP | Chapel Hill, NC | $91K | 2022 |
| Elizabeth City State UniversitySCHOLARSHIP | Elizabeth City, NC | $45K | 2022 |
| College Of The AlbemarleSCHOLARSHIP | Elizabeth City, NC | $45K | 2022 |
CLEVELAND, OH
CINCINNATI, OH
DUBLIN, OH