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.
Key facts about Albert G Simms Testamentary Trust #2
- EIN
- 85-6014105
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $147,040
- Grants made (2025)
- 1
- Average grant
- $147,040
- Median grant
- $147,040
- Total assets
- $2,946,655
- Primary geography
- New Mexico (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
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.
Next steps with Albert G Simms Testamentary Trust #2
- How to evaluate Albert G Simms Testamentary Trust #2 as a funder
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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
1
+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
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.
Ready to take the next step with Albert G Simms Testamentary Trust #2?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2025 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| 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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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 recipients 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 IRS 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 grant 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 grant 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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.