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Myrtle Cass Trust is a private trust based in GRINNELL, IA. The foundation received its IRS ruling in 1998. The principal officer is Bierman & Bierman. It holds total assets of $3M. Annual income is reported at $3.6M. Total assets have grown from $1M in 2011 to $3M in 2024. THE TRUST'S SOLE PROGRAM IS THE DISTRIBUTION OF NET INCOME 30% TO THE TRUSTEES OF GRINNELL COLLEGE FOR SCHOLARSHIPS, 20% TO THE TRUSTEES OF UNITY POINT HOSPITAL - GRINNELL (formerly known as Grinnell Regional Med Center). According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2024. The foundation primarily funds organizations in Iowa and California. According to available records, Myrtle Cass Trust has made 12 grants totaling $598K, with a median grant of $45K. The foundation has distributed between $129K and $171K annually from 2020 to 2023. Individual grants have ranged from $26K to $86K, with an average award of $50K. The foundation has supported 3 unique organizations. Grants have been distributed to organizations in California and Iowa. Contributions to this foundation are tax-deductible.
Smallest Grant
$30K
Median Grant
$45K
Average Grant
$50K
Largest Grant
$74K
Based on 3 grants from the most recent 990-PF filing.
THE TRUST'S SOLE PROGRAM IS THE DISTRIBUTION OF NET INCOME 30% TO THE TRUSTEES OF GRINNELL COLLEGE FOR SCHOLARSHIPS, 20% TO THE TRUSTEES OF UNITY POINT HOSPITAL - GRINNELL (formerly known as Grinnell Regional Med Center)
50% TO THE WORLD WIDE CHURCH OF GOD (now known as Grace Communion International).
THE TRUST'S SOLE PROGRAM IS THE DISTRIBUTION OF NET INCOME 30% TO THE TRUSTEES OF GRINNELL COLLEGE FOR SCHOLARSHIPS, 20% TO THE TRUSTEES OF UNITY POINT HOSPITAL - GRINNELL (formerly known as Grinnell Regional Med Center). Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in CA, IA.
Myrtle Cass Trust has distributed a total of $598K across 12 grants. The median grant size is $45K, with an average of $50K. Individual grants have ranged from $26K to $86K.
Myrtle Cass Trust typically selects its grantees rather than accepting unsolicited proposals.
Myrtle Cass Trust is headquartered in GRINNELL, IA. While based in IA, the foundation distributes grants to organizations across 2 states.
Officer and trustee information is not yet available for this foundation. This data is typically reported in Part VIII of the 990-PF filing.
Total Giving
N/A
Total Assets
$3M
Fair Market Value
N/A
Net Worth
$3M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
12
Total Giving
$598K
Average Grant
$50K
Median Grant
$45K
Unique Recipients
3
Most Common Grant
$30K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Grace Communion InternationalGeneral support of church | Pasadena, CA | $86K | 2023 |
| Grinnell CollegeScholarships for students | Grinnell, IA | $51K | 2023 |
| Unity Point Hospital - GrinnellGeneral support of hospital | Grinnell, IA | $34K | 2023 |
COUNCIL BLFS, IA
MUSCATINE, IA
CEDAR RAPIDS, IA