Albert G Simms Testamentary Trust #2

Foundation · Grantmaker PENNINGTON, NJ EIN: 85-6014105

Albert G Simms Testamentary Trust #2 is a private foundation, based in PENNINGTON, NJ. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $2.9M in total assets. In 2025, it awarded 1 grants totaling $147K. Net investment income was $156K.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$2.9M

-0.4% YoY

Annual Giving

$147K

+6.6% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$147K

+6.6% YoY

Under IRS private-foundation payout rules, Albert G Simms Testamentary Trust #2 reported a distributable amount of $183K for 2025 — the minimum it must pay out in qualifying distributions.

About Albert G Simms Testamentary Trust #2

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Mexico $727K (100%)

States

New Mexico

Cities

Albuquerque

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$2,946,655	$2,957,328	$2,576,587
Revenue	$165,325	$539,136	$114,450
Expenses	$176,005	$158,012	$183,228
Qualifying Distributions	$153,102	$149,292	$172,623
Net Investment Income	$155,687	$530,817	$106,290
Distributable Amount	$182,703	$158,424	$149,005

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2025

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest include Albuquerque Academy ($147,040).

Recipient	Purpose	Amount
ALBUQUERQUE ACADEMY ALBUQUERQUE, NM	UNRESTRICTED GENERAL	$147,040

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2025 IRS filing

From 2025 filing

Name	Title	Hours	Compensation
BANK OF AMERICA N A	TRUSTEE	2	$15,154

Frequently Asked Questions

How large is Albert G Simms Testamentary Trust #2?

As of 2025, Albert G Simms Testamentary Trust #2 holds $2.9M in total assets with $165K in annual revenue. It awarded 1 grants totaling $147K in 2025.

Where does Albert G Simms Testamentary Trust #2 operate?

Albert G Simms Testamentary Trust #2 has awarded grants in New Mexico.

What size grants does Albert G Simms Testamentary Trust #2 award?

In 2025, Albert G Simms Testamentary Trust #2 awarded 1 grants totaling $147K — an average of about $147K per grant, based on its IRS Form 990 filings.

How much is Albert G Simms Testamentary Trust #2 required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, Albert G Simms Testamentary Trust #2 reported a distributable amount of $183K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Albert G Simms Testamentary Trust #2's EIN?

Albert G Simms Testamentary Trust #2's EIN (Employer Identification Number) is 85-6014105. IRS Form 990 filing data is available on this page for 2021–2025.