Alice B Glasheen Memorial Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CROZET, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $214K in total assets. In 2024, it awarded 2 grants totaling $33K. Net investment income was $30K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$214K
-0.9% YoY
Annual Giving
$33K
-3.0% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$16K
-3.0% YoY
Under IRS private-foundation payout rules, Alice B Glasheen Memorial Trust reported a distributable amount of $32K for 2024 — the minimum it must pay out in qualifying distributions.
About Alice B Glasheen Memorial Trust
Based on IRS filings
Alice B Glasheen Memorial Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CROZET, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $214K in total assets. In 2024, it awarded 2 grants totaling $33K. Net investment income was $30K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $214,292 | $216,293 | $243,737 |
| Revenue | $31,516 | $7,056 | $9,148 |
| Expenses | $33,517 | $34,500 | $26,500 |
| Qualifying Distributions | $32,500 | $33,500 | $25,500 |
| Net Investment Income | $30,499 | $6,960 | $8,148 |
| Distributable Amount | $31,554 | $32,166 | $33,659 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Covenent School ($27,500), Youth Sailing Virginia Inc ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| THE COVENENT SCHOOL CHARLOTTESVILLE, VA | K-12 MUSIC PROGRAM | $27,500 |
| YOUTH SAILING VIRGINIA INC HAMPTON, VA | LEARN TO SAIL PROGRAM | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN D GLASHEEN | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Alice B Glasheen Memorial Trust?
Alice B Glasheen Memorial Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CROZET, VA. It holds $214K in total assets as of 2024.
How large is Alice B Glasheen Memorial Trust?
As of 2024, Alice B Glasheen Memorial Trust holds $214K in total assets with $32K in annual revenue. It awarded 2 grants totaling $33K in 2024.
Where does Alice B Glasheen Memorial Trust operate?
Alice B Glasheen Memorial Trust has awarded grants in Virginia.
What size grants does Alice B Glasheen Memorial Trust award?
In 2024, Alice B Glasheen Memorial Trust awarded 2 grants totaling $33K — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is Alice B Glasheen Memorial Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Alice B Glasheen Memorial Trust reported a distributable amount of $32K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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