Condit Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $332K in total assets. In 2025, it awarded 1 grants totaling $27K. Net investment income was $30K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$332K
+0.1% YoY
Annual Giving
$27K
+0.3% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$27K
+0.3% YoY
Under IRS private-foundation payout rules, Condit Trust reported a distributable amount of $21K for 2025 — the minimum it must pay out in qualifying distributions.
About Condit Trust
Based on IRS filings
Condit Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $332K in total assets. In 2025, it awarded 1 grants totaling $27K. 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 | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $332,074 | $331,862 | $382,610 |
| Revenue | $41,326 | $-12,396 | $-7,364 |
| Expenses | $42,353 | $38,723 | $36,911 |
| Qualifying Distributions | $30,690 | $29,500 | $26,181 |
| Net Investment Income | $29,663 | — | — |
| Distributable Amount | $21,100 | $21,120 | $22,219 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2025
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Prison Entrepreneurship Program ($27,383).
| Recipient | Purpose | Amount |
|---|---|---|
| PRISON ENTREPRENEURSHIP PROGRAM HOUSTON, TX | GENERAL | $27,383 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THEODORE H ASHFORD | TRUSTEE | 1 | — |
| TIMOTHY C ASHFORD | ADVISOR TO TRUSTEE & SECRE | 1 | — |
| MARJIE MARCOTTE | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Condit Trust?
Condit Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $332K in total assets as of 2025.
How large is Condit Trust?
As of 2025, Condit Trust holds $332K in total assets with $41K in annual revenue. It awarded 1 grants totaling $27K in 2025.
Where does Condit Trust operate?
Condit Trust has awarded grants in Connecticut, Delaware, Texas.
What size grants does Condit Trust award?
In 2025, Condit Trust awarded 1 grants totaling $27K — an average of about $27K per grant, based on its IRS Form 990 filings.
How much is Condit Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Condit Trust reported a distributable amount of $21K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Condit Trust's EIN?
Condit Trust's EIN (Employer Identification Number) is 51-6515681. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in Condit Trust's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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