Alice V Casto Charitable Trust
Alice V Casto Charitable Trust is a private foundation, based in Pennington, NJ. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $2.0M in total assets. In 2025, it awarded 1 grant totaling $88K. Net investment income was $159K.
Alice V Casto Charitable Trust at a glance
In short: Alice V Casto Charitable Trust gave $88K across 1 grant in 2025 (avg $88K), mostly in West Virginia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $88,401
- +1.8% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $88,401
- +1.8% vs 2024
- Median grant
- $88,401
- Total assets
- $1,961,034
- +2.8% vs 2024
- Primary geography
- West Virginia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Alice V Casto Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Marshall University Foundation ($88K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $50–100K 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 Alice V Casto Charitable Trust gives
- Giving held roughly steady from 2022 to 2025 (+1%). Method
- In 2025 it paid out 82% 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 $86K (2021) to $94K (2023). In 2025 it made 1 grant totaling $88K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Marshall University Foundation Huntington, WV | Unrestricted General | $88,401 |
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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 | $1,961,034 | $181,022 | $123,165 | $88,401 | 1 | $102,055 | $159,254 | $125,140 |
| 2024 | $1,907,426 | $61,478 | $117,699 | $86,873 | 1 | $105,131 | $51,552 | $106,659 |
| 2023 | $1,965,211 | $69,046 | $126,881 | $94,036 | 1 | $112,038 | $53,180 | $104,874 |
| 2022 | $2,028,834 | $173,178 | $124,164 | $87,237 | 1 | $107,233 | $152,754 | $114,033 |
| 2021 | $1,996,189 | $182,227 | $119,046 | $85,872 | 1 | — | $165,269 | $105,419 |
Under IRS private-foundation payout rules, Alice V Casto Charitable Trust reported a distributable amount of $125K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Alice V Casto Charitable Trust's only listed officer is Bank Of America N A, Trustee on every filing since 2022 (compensated).
Officers on the 2025 filing
Bank Of America N A
Trustee
On filings since 2022
2 hrs/week
$33K (2022) → $34K (2025)
Former officers (1)
- Former: Bank Of America NA (2021) — Trustee
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 $34K, to Bank of America N a (Trustee).
Frequently asked questions about Alice V Casto Charitable Trust
How much does Alice V Casto Charitable Trust give each year?
Alice V Casto Charitable Trust gave $88K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $87K across 1 grant.
How large is Alice V Casto Charitable Trust?
Alice V Casto Charitable Trust reported $2.0M in total assets on its 2025 IRS Form 990-PF. It paid out $102K in qualifying distributions that year, against a required minimum of $125K (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 Alice V Casto Charitable Trust operate?
Alice V Casto Charitable Trust has awarded grants in West Virginia.
What is Alice V Casto Charitable Trust's EIN?
Alice V Casto Charitable Trust's EIN (Employer Identification Number) is 27-4443546. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated October 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
Live grants for the work Alice V Casto Charitable Trust funds
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