Lowe-Marshall Trust
- Assets
- $5.2m
- Revenue
- $245.3k
- Investments
- $4.3m
- Employees
- 0
- Location
- Chesterhill, OH
- Founding
- 06/1968
- Data as of
- 12/2023
- EIN
- 31-6084154
Organization Overview
Lowe-Marshall Trust is located in Chesterhill, OH. The organization was established in 1968. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lowe-Marshall Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Lowe-Marshall Trust generated $245.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (18.2%) each year. All expenses for the organization totaled $587.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Lowe-Marshall Trust has awarded 20 individual grants totaling $3,124,682. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NATURE CONSERVANCY
FOUNDATION FOR APPALACHIAN OHIO
MORGAN COMMUNITY FUND
RURAL ACTION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Lowe Chairman | 0 | $0 | |
Betty Lowe Trustee | 0 | $0 | |
Peter Lowe Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $107 |
| Interest on Savings | $46,113 |
| Dividends & Interest | $234,394 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$41,720 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,403 |
| Total Revenue | $245,297 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,964 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $697 |
| Total operating and administrative expenses | $7,661 |
| Contributions, gifts, grants paid | $580,000 |
| Total expenses and disbursements | $587,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $899,122 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $14,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,240,207 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $580,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $580,000 |
Grants Awarded
Over the last fiscal year, Lowe-Marshall Trust has awarded $580,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNDATION FOR APPALACHIAN OHIO PURPOSE: SEVERAL PROGRAMS | $250,000 |
RURAL ACTION PURPOSE: GENERAL PURPOSES | $30,000 |
THE NATURE CONSERVANCY PURPOSE: UNITED BY NATURE | $250,000 |
MORGAN COMMUNITY FUND PURPOSE: GENERAL PURPOSES | $50,000 |