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Also known as: AMARILLO NATIONAL BANK TRUSTEE
Norman H Read 1985 Trust is a private trust based in AMARILLO, TX. The foundation received its IRS ruling in 1996. The principal officer is % Amarillo National Bank Ttee. It holds total assets of $70.2M. Annual income is reported at $26.4M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Norman H Read 1985 Trust has made 16 grants totaling $23.2M, with a median grant of $1.1M. The foundation has distributed between $6M and $11M annually from 2021 to 2024. Grantmaking activity was highest in 2023 with $11M distributed across 8 grants. Individual grants have ranged from $550K to $3.1M, with an average award of $1.5M. The foundation has supported 5 unique organizations. Grant recipients are concentrated in Massachusetts. Contributions to this foundation are tax-deductible.
Norman H Read 1985 Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 16 grants. Its grantmaking reaches organizations primarily in MA.
Norman H Read 1985 Trust has distributed a total of $23.2M across 16 grants. The median grant size is $1.1M, with an average of $1.5M. Individual grants have ranged from $550K to $3.1M.
Norman H Read 1985 Trust typically selects its grantees rather than accepting unsolicited proposals.
Norman H Read 1985 Trust is headquartered in AMARILLO, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Nile L Albright | CO-TRUSTEE | $0 | $0 | $0 |
Total Giving
$7.3M
Total Assets
$68.5M
Fair Market Value
$140.3M
Net Worth
$68.5M
Grants Paid
$6M
Contributions
$0
Net Investment Income
$9.4M
Distribution Amount
$6.3M
Total: $61.5M
Total Grants
16
Total Giving
$23.2M
Average Grant
$1.5M
Median Grant
$1.1M
Unique Recipients
5
Most Common Grant
$550K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Advanced Medical ResearchSCIENTIFIC AND MEDICAL RESEARCH | Brookline, MA | $3M | 2024 |
| Salem Public SchoolsSCIENCE CENTER, AQUARIUM CTR, READ | Salem, MA | $1.3M | 2024 |
| Mass General BrighamMEDICAL RESEARCH PROGRAMS | Salem, MA | $1.1M | 2024 |
| Salem Academy Charter SchoolEDUCATION | Salem, MA | $599K | 2024 |
| North Shore Medical CenterMEDICAL RESEARCH PROGRAMS | Salem, MA | $1.4M | 2021 |
| 2019 | 990PF | View |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
HOUSTON, TX
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