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← M R LILLY P AND MARY DICKEY MEMORIAL FUND

Form 990 for tax year 2025

Filed by M R LILLY P AND MARY DICKEY MEMORIAL FUND.

Totals

Total revenue
$1,571,903
Total expenses
$1,444,102
Contributions and grants received
$0
Grants paid
$1,266,452
Program service revenue
$0
Investment income
$1,114,518
Other revenue
$457,385
Total assets, end of year
$21,503,769
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$21,503,769
Program services expenses (Part IX)
$1,266,452
Management and general expenses
$177,650
Fundraising expenses
$0
Program service expenses (Part III)
$1,266,452

Program services were 87.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $246,990 · excluded $246,990

  • 7a · Gross sales of assets other than inventory

    securities $1,495,505

  • 7b · Less cost or other basis and sales expenses

    securities $627,977

  • 7c · Gain or loss

    securities $867,528

  • 7d · Net gain or loss

    total $867,528 · excluded $867,528

  • 11d · All other revenue

    total $457,385 · excluded $457,385

  • 11e · Other revenue, total

    $457,385

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,266,452 · program services $1,266,452

  • 5 · Compensation of officers, directors and key employees

    total $176,400 · management and general $176,400

  • 11c · Fees: accounting

    total $1,050 · management and general $1,050

  • 24e · All other expenses

    total $200 · management and general $200

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $130,289 · end of year $15,562

  • 11 · Investments: publicly traded securities

    beginning of year $21,246,116 · end of year $21,488,207

  • 29 · Capital stock, trust principal or current funds

    beginning of year $21,376,405 · end of year $21,503,769

Mission and programs · 2025

Mission

Grants are made according to Trust Agreement dated October 27,1987. Keybank, as Trustee, makes distributions as follows: 25% to Lake Erie College, 50% to First Presbyterian Church, and 25% to Case Western Reserve University. Under the Ohio Institutional Trust Funds Act of 1999, the beneficiaries have chosen to receive the maximum of income based on the greater of 5% of AFV or traditional income. Keybank maintains a responsiveness to the needs and activities of each beneficiary organization in the attainment of its mission. Please note the charities have a right to remove the Trustee, and the Trustee has the authority to amend the document to insure the continuation to qualify as a 509(a)3 .

  • Grants made to First Presbyterian Church for religious observations and maintenance of the church property.

    Expenses $633,226 · Grants $633,226

  • Grants made to Lake Erie College to be used for the payment of salaries for foreign language teachers. Any excess income is to be used for the payment of salaries to other teachers.

    Expenses $316,613 · Grants $316,613

  • Grants made to Case Western Reserve University to be used equally for scholarship for graduate degrees in foreign language and law with preference given to Lake Erie College graduates.

    Expenses $316,613 · Grants $316,613

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • KEYBANK NATIONAL ASSOCIATION

    TRUSTEE

    Total calculated
    $176,400
    From this org
    $176,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2025
Filed
18 April 2026
IRS schema version
2025v4.0
Source object
202611279349302176

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