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Also known as: AMARILLO NATIONAL BANK TRUSTEE
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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. Total assets have grown from $25.7M in 2010 to $68.5M in 2023. The foundation is governed by 1 officer or trustee. 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 2024. Grantmaking is concentrated in Massachusetts. 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.
Smallest Grant
$599K
Median Grant
$1.3M
Average Grant
$1.5M
Largest Grant
$3.1M
Based on 4 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.
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 | N/A |
Total Giving
$7.3M
Total Assets
$68.5M
Fair Market Value
$140.3M
Net Worth
$68.5M
Grants Paid
$6M
Contributions
N/A
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
$2.8M
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 |