Charles C & Ruth H Skinner Memorial Trust

NORFOLK, VA EIN: 54-6228993

Charles C & Ruth H Skinner Memorial Trust is a private foundation, based in NORFOLK, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 7 grants totaling $60K. Net investment income was $33K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.2M

-2.6% YoY

Annual Giving

$60K

+0.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$9K

+0.0% YoY

Under IRS private-foundation payout rules, Charles C & Ruth H Skinner Memorial Trust reported a distributable amount of $64K for 2024 — the minimum it must pay out in qualifying distributions.

About Charles C & Ruth H Skinner Memorial Trust

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $253K (86%)

Missouri $42K (14%)

States

Missouri Virginia

Cities

ChesapeakeNorfolkSt LouisVirginia Beach

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,230,193	$1,262,465	$1,296,037
Revenue	$55,357	$53,652	$77,595
Expenses	$87,629	$87,224	$97,314
Qualifying Distributions	$65,906	$65,894	$73,707
Net Investment Income	$33,418	$32,322	$53,988
Distributable Amount	$63,779	$61,706	$70,519

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Grant Size Distribution

35 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Childrens Hospital of the Kings Daughters ($8,500), Boys and Girls Club of Hampton Roads ($8,500), Girl Scout Council ($8,500).

Recipient	Purpose	Amount
Childrens Hospital of the Kings Daughters Norfolk, VA	For purpose of listed organization	$8,500
Boys and Girls Club of Hampton Roads Norfolk, VA	For purpose of listed organization	$8,500
Girl Scout Council Chesapeake, VA	For the purpose of the listed organizaton	$8,500
Tidewater Council of Boy Scouts Virginia Beach, VA	For the purpose of the listed organization	$8,500
United Way of South Hampton Roads Norfolk, VA	For the purpose of the listed organization	$8,500
Larchmont United Methodist Church Norfolk, VA	For purpose of listed organization	$8,500
Optimist Club of Norfolk St Louis, MO	For purpose of listed organization	$8,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
James B Covington	Trustee	2	$4,891
Jerome D Crain	Trustee	2	$4,890
Steven E Frazier	Trustee	0.25	$300

Frequently Asked Questions

How large is Charles C & Ruth H Skinner Memorial Trust?

As of 2024, Charles C & Ruth H Skinner Memorial Trust holds $1.2M in total assets with $55K in annual revenue. It awarded 7 grants totaling $60K in 2024.

Where does Charles C & Ruth H Skinner Memorial Trust operate?

Charles C & Ruth H Skinner Memorial Trust has awarded grants in Missouri, Virginia.

What size grants does Charles C & Ruth H Skinner Memorial Trust award?

In 2024, Charles C & Ruth H Skinner Memorial Trust awarded 7 grants totaling $60K — an average of about $9K per grant, based on its IRS Form 990 filings.

How much is Charles C & Ruth H Skinner Memorial Trust required to give away each year?

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

What is Charles C & Ruth H Skinner Memorial Trust's EIN?

Charles C & Ruth H Skinner Memorial Trust's EIN (Employer Identification Number) is 54-6228993. IRS Form 990 filing data is available on this page for 2020–2024.