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Ernest L Ruth E & Frances E Fentres S Memorial Fund is a private trust based in DALLAS, TX. The foundation received its IRS ruling in 2004. The principal officer is Bank Of America N A. It holds total assets of $10.7M. Annual income is reported at $8.2M. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Ernest L Ruth E & Frances E Fentres S Memorial Fund has made 8 grants totaling $3.6M, with a median grant of $489K. Annual giving has grown from $480K in 2021 to $787K in 2023. Grantmaking activity was highest in 2022 with $2.3M distributed across 4 grants. Individual grants have ranged from $240K to $585K, with an average award of $451K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Virginia.
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.
Ernest L Ruth E & Frances E Fentres S Memorial Fund primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in VA.
Ernest L Ruth E & Frances E Fentres S Memorial Fund has distributed a total of $3.6M across 8 grants. The median grant size is $489K, with an average of $451K. Individual grants have ranged from $240K to $585K.
Ernest L Ruth E & Frances E Fentres S Memorial Fund typically selects its grantees rather than accepting unsolicited proposals.
Ernest L Ruth E & Frances E Fentres S Memorial Fund is headquartered in DALLAS, TX.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bank Of America | TRUSTEE | $54K | $0 | $54K |
| Charles F Lester | CO-TRUSTEE | $0 | $0 | N/A |
Total Giving
$852K
Total Assets
$8M
Fair Market Value
$14.1M
Net Worth
$8M
Grants Paid
$787K
Contributions
N/A
Net Investment Income
$1.1M
Distribution Amount
$635K
Total Grants
8
Total Giving
$3.6M
Average Grant
$451K
Median Grant
$489K
Unique Recipients
2
Most Common Grant
$585K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The Union MissionUNRESTRICTED GENERAL | Virginia Beach, VA | $393K | 2023 |
| The Salvation ArmyUNRESTRICTED GENERAL | Norfolk, VA | $393K | 2023 |