AEC Trust
AEC Trust is a private foundation established in 1981 and based in Wilmington, Delaware. It operates as a 501(c)(3) charitable organization classified as a private independent foundation. The trust manages substantial assets and distributes grants across multiple funding areas and geographic regions throughout the United States.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$24.1M
+553.1% YoY
Grant Count
142
-6.0% YoY
Avg Grant Size
$170K
+594.5% YoY
Mission & Focus Areas
The foundation's primary purpose is to support:
- Arts and culture
- Education (with emphasis on educational support for pre-selected schools)
- Environment
- Women's issues
- Health and AIDS-related services
- Social and human services
- Science and STEM education
Grantmaking
The foundation provides support for capital funding, program funding, operating funds, and emergency funds.
Grant Range
$4,650–$16,039,759
Average Grant
amount: $94,000
Grant Types
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation provides funding in:
- Colorado
- Florida
- Georgia
- Massachusetts
- Rhode Island
- Additional support in various U.S. cities and regions
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $36,814,610
- Total Revenue: $12,901,971
- Total Expenses: $24,460,841
- Net Income: -$11,558,870
- Total Liabilities: $0
As of December 2023:
- Total Assets: $48,373,480 (ledger value)
- Income: $30,863,386
Historical Data (December 2022):
- Assets: $31.1 million
- Revenue: $5.3 million
- Investments: $30.7 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Trustee:
- CIBC National Trust Company (serves as trustee with compensation of $211,022)
Advisory Board/Key Personnel:
- David H Cofrin
- Edith Dee Cofrin
- Whit Mansfield (Trustee for CIBC)
The Cofrin family members serve on the advisory board and are not compensated for their roles.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CIBC NATIONAL TRUST COMPANY | Trustee | 1 | $285,476 |
| David H Cofrin | Advisory Board Member | 1 | — |
| Edith Dee Cofrin | Advisory Board Chair | 1 | — |
| Mary Ann P Cofrin | Advisory Board Member | 1 | — |
| Paige Cofrin | Advisory Board Member | 1 | — |
Contact Information
- Phone: 800-839-1754
- Website: www.fsrequests.com/aec
- Address: Foundation Source, 501 Silverside Road, Wilmington, DE 19809-1377
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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