Albert G Simms Testamentary Trust #2
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 grant totaling $147K. Net investment income was $156K.
Albert G Simms Testamentary Trust #2 at a glance
In short: Albert G Simms Testamentary Trust #2 gave $147K across 1 grant in 2025 (avg $147K), mostly in New Mexico. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $147,040
- +6.6% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $147,040
- +6.6% vs 2024
- Median grant
- $147,040
- Total assets
- $2,946,655
- -0.4% vs 2024
- Primary geography
- New Mexico (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Albert G Simms Testamentary Trust #2 funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Albuquerque Academy ($147K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $100–250K range: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Albert G Simms Testamentary Trust #2 gives
- Giving held roughly steady from 2022 to 2025 (−2%). Method
- In 2025 it paid out 84% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $131K (2021) to $162K (2023). In 2025 it made 1 grant totaling $147K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Albuquerque Academy Albuquerque, NM | Unrestricted General | $147,040 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,946,655 | $165,325 | $176,005 | $147,040 | 1 | $153,102 | $155,687 | $182,703 |
| 2024 | $2,957,328 | $539,136 | $158,012 | $137,908 | 1 | $149,292 | $530,817 | $158,424 |
| 2023 | $2,576,587 | $114,450 | $183,228 | $161,527 | 1 | $172,623 | $106,290 | $149,005 |
| 2022 | $2,647,317 | $181,112 | $175,960 | $150,268 | 1 | $164,036 | $170,459 | $175,293 |
| 2021 | $2,660,492 | $151,509 | $154,559 | $130,646 | 1 | — | $141,135 | $162,506 |
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.
Leadership & Key People
Officers and directors from IRS filings
Albert G Simms Testamentary Trust #2's only listed officer is Bank Of America N A, Trustee on every filing since 2021 (compensated).
Officers on the 2025 filing
Bank Of America N A
Trustee
On filings since 2021
2 hrs/week
$20K (2021) → $15K (2025)
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $15K, to Bank of America N a (Trustee).
Frequently asked questions about Albert G Simms Testamentary Trust #2
How much does Albert G Simms Testamentary Trust #2 give each year?
Albert G Simms Testamentary Trust #2 gave $147K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $138K across 1 grant.
How large is Albert G Simms Testamentary Trust #2?
Albert G Simms Testamentary Trust #2 reported $2.9M in total assets on its 2025 IRS Form 990-PF. It paid out $153K in qualifying distributions that year, against a required minimum of $183K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Albert G Simms Testamentary Trust #2 operate?
Albert G Simms Testamentary Trust #2 has awarded grants in New Mexico.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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