Beatty Memorial Trust Fund

PITTSBURGH, PA EIN: 34-6515791

Beatty Memorial Trust Fund is a private foundation focused on Education, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $960K in total assets. In 2024, it awarded 13 grants totaling $44K. Net investment income was $37K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$960K

-0.5% YoY

Annual Giving

$44K

-3.9% YoY

Grant Count

+18.2% YoY

Avg Grant Size

$3K

-18.7% YoY

Under IRS private-foundation payout rules, Beatty Memorial Trust Fund reported a distributable amount of $64K for 2024 — the minimum it must pay out in qualifying distributions.

About Beatty Memorial Trust Fund

Based on IRS filings

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $226K (100%)

States

Pennsylvania

Cities

Pittsburgh

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$960,416	$965,000	$1,010,976
Revenue	$44,958	$12,662	$62,402
Expenses	$59,211	$58,891	$65,287
Qualifying Distributions	$51,197	$51,993	$56,536
Net Investment Income	$36,578	$17,728	$55,177
Distributable Amount	$63,991	$50,200	$54,814

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

67 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Cameron Yager ($3,384), Jonathan Schmidt ($3,383), David Schmidt ($3,383).

Recipient	Purpose	Amount
Jonathan Schmidt PITTSBURGH, PA	SCHOLARSHIPS	$3,383
Cameron Yager Pittsburgh, PA	SCHOLARSHIPS	$3,384
David Schmidt Pittsburgh, PA	SCHOLARSHIPS	$3,383
Alex Wollet Pittsburgh, PA	SCHOLARSHIPS	$3,383
Giovanna Schiavone Pittsburgh, PA	SCHOLARSHIPS	$3,383
Michael Camuso Pittsburgh, PA	SCHOLARSHIPS	$3,383
Sydney Rhodehamel Pittsburgh, PA	SCHOLARSHIPS	$3,383
Morgan Cassidy Pittsburgh, PA	SCHOLARSHIPS	$3,383
Nathan Hendryx Pittsburgh, PA	SCHOLARSHIPS	$3,383
Anna Wollet Pittsburgh, PA	SCHOLARSHIPS	$3,383

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
PNC BANK NA	TRUSTEE	2	$13,145

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is Beatty Memorial Trust Fund?

Beatty Memorial Trust Fund is a private foundation focused on Education, based in PITTSBURGH, PA. It holds $960K in total assets as of 2024.

How large is Beatty Memorial Trust Fund?

As of 2024, Beatty Memorial Trust Fund holds $960K in total assets with $45K in annual revenue. It awarded 13 grants totaling $44K in 2024.

Where does Beatty Memorial Trust Fund operate?

Beatty Memorial Trust Fund has awarded grants in Pennsylvania.

What size grants does Beatty Memorial Trust Fund award?

In 2024, Beatty Memorial Trust Fund awarded 13 grants totaling $44K — an average of about $3K per grant, based on its IRS Form 990 filings.

How much is Beatty Memorial Trust Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Beatty Memorial Trust Fund reported a distributable amount of $64K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.