Alice B Glasheen Memorial Trust

Private foundation · Grantmaker Crozet, VA EIN: 54-6389143

Alice B Glasheen Memorial Trust is a private foundation, based in Crozet, VA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $214K in total assets. In 2025, it awarded 2 grants totaling $31K. Net investment income was $31K.

Alice B Glasheen Memorial Trust at a glance

In short: Alice B Glasheen Memorial Trust gave $31K across 2 grants in 2025 (avg $16K), mostly in Virginia. Source: 2025 IRS Form 990-PF.

Annual giving (2025)
$31,200
-4.0% vs 2024
Grants made (2025)
2
+0.0% vs 2024
Average grant
$15,600
-4.0% vs 2024
Median grant
$15,600
Total assets
$213,631
-0.3% vs 2024
Primary geography
Virginia (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 Alice B Glasheen Memorial Trust funds

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

The Covenent School: $23KThe Covenent School$23KYouth Sailing Virginia Inc: $8KYouth Sailing Virginia Inc$8K

The largest 2025 recipient was The Covenent School ($23K). Together the top 2 received $31K.

Grant Size Distribution

10 grants across all recorded years

10<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 10 grants of 10 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2025 grant dollars across all 2 itemized grants.

States

Cities

CharlottesvilleHampton

How Alice B Glasheen Memorial Trust gives

  • Giving grew 22% from 2022 to 2025. Method
  • In 2025 it paid out 111% of its IRS minimum distribution (the 5% rule). 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

$0$10K$20K$30K$40K2 grants2020 2 grants2021 2 grants2022 2 grants2023 2 grants2024 2 grants2025

From 2020 to 2025, annual grant giving ranged from $20K (2021) to $34K (2023). In 2025 it made 2 grants totaling $31K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
The Covenent School Charlottesville, VAK-12 Music Program$23,200
Youth Sailing Virginia Inc Hampton, VALearn to Sail Program$8,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2025$213,631$31,589$32,250$31,2002$31,200$31,064$28,033
2024$214,292$31,516$33,517$32,5002$32,500$30,499$31,554
2023$216,293$7,056$34,500$33,5002$33,500$6,960$32,166
2022$243,737$9,148$26,500$25,5002$25,500$8,148$33,659
2021$261,089$11,927$20,900$20,0002$20,000$11,027$25,536
2020$270,062$15,865$30,900$30,0002—$14,965$20,380

Under IRS private-foundation payout rules, Alice B Glasheen Memorial Trust reported a distributable amount of $28K for 2025 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Alice B Glasheen Memorial Trust is led by John D. Glasheen, Trustee on every filing since 2020 — the only officer listed, and uncompensated.

Officers on the 2025 filing

  • John D. Glasheen

    Trustee

    On filings since 2020

    No compensation reported

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Alice B Glasheen Memorial Trust

How much does Alice B Glasheen Memorial Trust give each year?

Alice B Glasheen Memorial Trust gave $31K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $33K across 2 grants.

How large is Alice B Glasheen Memorial Trust?

Alice B Glasheen Memorial Trust reported $214K in total assets on its 2025 IRS Form 990-PF. It paid out $31K in qualifying distributions that year, against a required minimum of $28K (roughly 5% of its investment assets).

Where does Alice B Glasheen Memorial Trust operate?

Alice B Glasheen Memorial Trust has awarded grants in Virginia.

What is Alice B Glasheen Memorial Trust's EIN?

Alice B Glasheen Memorial Trust's EIN (Employer Identification Number) is 54-6389143. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(2)

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS July 20, 2026)
  2. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Alice B Glasheen Memorial Trust's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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