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Mollie Mae Hanes Memorial Trust is a private trust based in NEW HARMONY, IN. The foundation received its IRS ruling in 2005. The principal officer is Phyliss A Hawley. It holds total assets of $293K. Annual income is reported at $33K. The foundation is governed by 1 officer or trustee. Lexington theological seminaryincome from the trust will be used by the seminary tohelp pay for the education of one or more studentsof the seminary studying for the ministry. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. According to available records, Mollie Mae Hanes Memorial Trust has made 3 grants totaling $23K, with a median grant of $7K. The foundation has distributed between $7K and $9K annually from 2020 to 2022. Individual grants have ranged from $7K to $9K, with an average award of $8K. Grant recipients are concentrated in Kentucky. Contributions to this foundation are tax-deductible.
Lexington theological seminaryincome from the trust will be used by the seminary tohelp pay for the education of one or more studentsof the seminary studying for the ministry.
Expenses: $9K
Lexington theological seminaryincome from the trust will be used by the seminary tohelp pay for the education of one or more studentsof the seminary studying for the ministry. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in KY.
Mollie Mae Hanes Memorial Trust has distributed a total of $23K across 3 grants. The median grant size is $7K, with an average of $8K. Individual grants have ranged from $7K to $9K.
Mollie Mae Hanes Memorial Trust typically selects its grantees rather than accepting unsolicited proposals.
Mollie Mae Hanes Memorial Trust is headquartered in NEW HARMONY, IN.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jody Giles | TRUSTEE | $2K | $0 | $2K |
Total Giving
$11K
Total Assets
$293K
Fair Market Value
$354K
Net Worth
$293K
Grants Paid
$6K
Contributions
N/A
Net Investment Income
$8K
Distribution Amount
$16K
Total Grants
3
Total Giving
$23K
Average Grant
$8K
Median Grant
$7K
Unique Recipients
1
Most Common Grant
$7K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Lexington Theological SeminaryFINANCIAL AID | Lexington, KY | $9K | 2022 |