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Swain-Grousbeck Sight Trust is a private trust based in MARTINSVILLE, VA. The foundation received its IRS ruling in 1966. The principal officer is Atlantic Union Bank. It holds total assets of $519K. Annual income is reported at $109K. Total assets have grown from $465K in 2011 to $567K in 2023. The foundation is governed by 1 officer or trustee. Assistance to indigent for eyesight conservation. 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, Swain-Grousbeck Sight Trust has made 4 grants totaling $125K, with a median grant of $31K. The foundation has distributed between $29K and $65K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $65K distributed across 2 grants. Individual grants have ranged from $29K to $33K, with an average award of $31K. Grant recipients are concentrated in Virginia. Contributions to this foundation are tax-deductible.
Assistance to indigent for eyesight conservation
Expenses: $29K
Assistance to indigent for eyesight conservation. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in VA.
Swain-Grousbeck Sight Trust has distributed a total of $125K across 4 grants. The median grant size is $31K, with an average of $31K. Individual grants have ranged from $29K to $33K.
Swain-Grousbeck Sight Trust typically selects its grantees rather than accepting unsolicited proposals.
Swain-Grousbeck Sight Trust is headquartered in MARTINSVILLE, VA.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| American National Bank Trust Co | TRUSTEE | $9K | $0 | $9K |
Total Giving
$41K
Total Assets
$567K
Fair Market Value
$733K
Net Worth
$567K
Grants Paid
$30K
Contributions
$5K
Net Investment Income
$28K
Distribution Amount
$34K
Total: $541K
Total Grants
4
Total Giving
$125K
Average Grant
$31K
Median Grant
$31K
Unique Recipients
1
Most Common Grant
$33K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Sight Conservation Of Danville Host Lions ClubASSISTANCE TO INDIGENT FOR EYESIGHT CONSERVATION | Danville, VA | $30K | 2023 |