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Maxwell M Corpening Jr Memorial Trust is a private trust based in CHICAGO, IL. The foundation received its IRS ruling in 1967. The principal officer is Jpmorgan Chase Bank Na. It holds total assets of $10.5M. Annual income is reported at $2.7M. 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, Maxwell M Corpening Jr Memorial Trust has made 4 grants totaling $2.7M, with a median grant of $677K. The foundation has distributed between $592K and $1.4M annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $1.4M distributed across 2 grants. Individual grants have ranged from $592K to $710K, with an average award of $664K. 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.
Maxwell M Corpening Jr Memorial Trust is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in NC.
Maxwell M Corpening Jr Memorial Trust has distributed a total of $2.7M across 4 grants. The median grant size is $677K, with an average of $664K. Individual grants have ranged from $592K to $710K.
Maxwell M Corpening Jr Memorial Trust typically selects its grantees rather than accepting unsolicited proposals.
Maxwell M Corpening Jr Memorial Trust is headquartered in CHICAGO, IL.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Robert C Hunter | CO-TRUSTEE | $62K | $0 | $62K |
Total Giving
$841K
Total Assets
$10.4M
Fair Market Value
$14.8M
Net Worth
$10.4M
Grants Paid
$645K
Contributions
N/A
Net Investment Income
$451K
Distribution Amount
$691K
Total: $9.3M
Total Grants
4
Total Giving
$2.7M
Average Grant
$664K
Median Grant
$677K
Unique Recipients
1
Most Common Grant
$710K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Maxwell M Corpening Jr Memorial FdnGENERAL | Marion, NC | $645K | 2023 |