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Lucy T Fassett Memorial Trust is a private trust based in DALLAS, TX. The foundation received its IRS ruling in 1974. The principal officer is Bank Of America Na. It holds total assets of $2.3M. Annual income is reported at $538K. Total assets have grown from $1.8M in 2011 to $2.2M in 2023. The foundation is governed by 1 officer or trustee. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in North Carolina. According to available records, Lucy T Fassett Memorial Trust has made 15 grants totaling $601K, with a median grant of $12K. Annual giving has decreased from $120K in 2020 to $93K in 2023. Grantmaking activity was highest in 2022 with $273K distributed across 6 grants. Individual grants have ranged from $7K to $112K, with an average award of $40K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in North Carolina. Contributions to this foundation are tax-deductible.
Smallest Grant
$11K
Median Grant
$14K
Average Grant
$45K
Largest Grant
$112K
Based on 3 grants from the most recent 990-PF filing.
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.
Lucy T Fassett Memorial Trust is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 15 grants. Its grantmaking reaches organizations primarily in NC.
Lucy T Fassett Memorial Trust has distributed a total of $601K across 15 grants. The median grant size is $12K, with an average of $40K. Individual grants have ranged from $7K to $112K.
Lucy T Fassett Memorial Trust typically selects its grantees rather than accepting unsolicited proposals.
Lucy T Fassett Memorial Trust is headquartered in DALLAS, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bank Of America | TRUSTEE | $10K | $0 | $10K |
Total Giving
$107K
Total Assets
$2.2M
Fair Market Value
$2.5M
Net Worth
$2.2M
Grants Paid
$93K
Contributions
N/A
Net Investment Income
$48K
Distribution Amount
$118K
Total Grants
15
Total Giving
$601K
Average Grant
$40K
Median Grant
$12K
Unique Recipients
3
Most Common Grant
$11K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Wake Forest UniversityUNRESTRICTED GENERAL | Winston Salem, NC | $77K | 2023 |
| Meredith CollegeUNRESTRICTED GENERAL | Raleigh, NC | $9K | 2023 |
| Baptist Childrens Homes Of N CUNRESTRICTED GENERAL | Thomasville, NC | $7K | 2023 |