Alton Carlton & Martha C Elder Charitable Tr
Alton Carlton & Martha C Elder Charitable Tr is a private foundation, based in Dallas, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $373K in total assets. In 2025, it awarded 7 grants totaling $19K. Net investment income was $35K.
Key facts about Alton Carlton & Martha C Elder Charitable Tr
In short: Alton Carlton & Martha C Elder Charitable Tr gave $19K across 7 grants in 2025 (avg $3K), mostly in Virginia. Source: 2025 IRS Form 990-PF.
- EIN
- 54-6371097
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $19,392
- Grants made (2025)
- 7
- Average grant
- $2,770
- Median grant
- $4,573
- Total assets
- $372,670
- Primary geography
- Virginia (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$373K
+3.7% YoY
Annual Giving
$19K
+34.4% YoY
Grant Count
7
+0.0% YoY
Avg Grant Size
$3K
+34.4% YoY
Under IRS private-foundation payout rules, Alton Carlton & Martha C Elder Charitable Tr reported a distributable amount of $21K for 2025 — the minimum it must pay out in qualifying distributions.
How Alton Carlton & Martha C Elder Charitable Tr gives
- Giving held roughly steady from 2022 to 2025 (−3%). Method
- In 2025 it paid out 107% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $14K (2023) to $20K (2022). In 2025 it made 7 grants totaling $19K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Virginia Baptist Childrens Home ($5K). Together the top 7 received $19K.
Grant Size Distribution
35 grants across all recorded years
The most common grant size was under $50K: 35 grants of 35 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Virginia Baptist Childrens Home Salem, VA | Unrestricted General | $4,573 |
| Virginia Baptist Homes Inc Culpeper, VA | Unrestricted General | $4,573 |
| Southern Baptist Seminary Convention Richmond, VA | Unrestricted General | $4,573 |
| Patrick Henry Boys' & Girls' Plantation Brookneal, VA | Unrestricted General | $4,573 |
| Spring Creek Baptist Church Farmville, VA | Unrestricted General | $500 |
| Beulah Baptist Church Brookneal, VA | Unrestricted General | $300 |
| Falling River Baptist Church Brookneal, VA | Unrestricted General | $300 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $372,670 | $359,473 | $347,891 |
| Revenue | $40,989 | $13,841 | $-1,642 |
| Expenses | $27,876 | $22,198 | $22,836 |
| Qualifying Distributions | $22,472 | $17,341 | $16,968 |
| Net Investment Income | $35,432 | $8,041 | $3,595 |
| Distributable Amount | $21,065 | $20,226 | $18,214 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS January 21, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS January 27, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS January 31, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS January 23, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS January 31, 2026)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Officers and directors from IRS filings
Alton Carlton & Martha C Elder Charitable Tr's only listed officer is Bank Of America, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
Bank Of America
Trustee
On filings since 2020
1 hr/week
$5K (2020) → $6K (2025)
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $6K, to Bank of America (Trustee).
Frequently asked questions about Alton Carlton & Martha C Elder Charitable Tr
How much does Alton Carlton & Martha C Elder Charitable Tr give each year?
Alton Carlton & Martha C Elder Charitable Tr gave $19K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $14K across 7 grants.
What is Alton Carlton & Martha C Elder Charitable Tr's typical grant size?
Alton Carlton & Martha C Elder Charitable Tr's median grant in 2025 was $4,573, and its average grant was $2,770, across 7 grants on its 2025 IRS Form 990-PF.
Where does Alton Carlton & Martha C Elder Charitable Tr give grants?
Alton Carlton & Martha C Elder Charitable Tr gives mostly in Virginia: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Brookneal, VA (3 grants).
Does Alton Carlton & Martha C Elder Charitable Tr give general operating support?
Yes: 100% of Alton Carlton & Martha C Elder Charitable Tr's 2025 grants with a stated purpose (7 of 7) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Alton Carlton & Martha C Elder Charitable Tr's largest grantees?
Alton Carlton & Martha C Elder Charitable Tr's largest 2025 grantees include Virginia Baptist Childrens Home ($4,573), Virginia Baptist Homes Inc ($4,573) and Southern Baptist Seminary Convention ($4,573), according to its 2025 IRS Form 990-PF. Together they received 71% of its itemized 2025 grant dollars.
How large is Alton Carlton & Martha C Elder Charitable Tr?
Alton Carlton & Martha C Elder Charitable Tr reported $373K in total assets on its 2025 IRS Form 990-PF. It paid out $22K in qualifying distributions that year, against a required minimum of $21K (roughly 5% of its investment assets).
What is Alton Carlton & Martha C Elder Charitable Tr's EIN?
Alton Carlton & Martha C Elder Charitable Tr's EIN (Employer Identification Number) is 54-6371097. 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.
Here's the math on researching Alton Carlton & Martha C Elder Charitable Tr by hand.
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