Condit Trust
Condit Trust is a private foundation, 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 grant totaling $27K. Net investment income was $30K.
Condit Trust at a glance
In short: Condit Trust gave $27K across 1 grant in 2025 (avg $27K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $27,383
- +0.3% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $27,383
- +0.3% vs 2024
- Median grant
- $27,383
- Total assets
- $332,074
- +0.1% vs 2024
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Condit Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Prison Entrepreneurship Program ($27K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 4 grants of 5 (80%).
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 Condit Trust gives
- Giving grew 174% from 2022 to 2025. Method
- In 2025 it paid out 145% of its IRS minimum distribution (the 5% rule). 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 $10K (2022) to $50K (2021). In 2025 it made 1 grant totaling $27K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Prison Entrepreneurship Program Houston, TX | General | $27,383 |
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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 | $332,074 | $41,326 | $42,353 | $27,383 | 1 | $30,690 | $29,663 | $21,100 |
| 2024 | $331,862 | $-12,396 | $38,723 | $27,295 | 1 | $29,500 | — | $21,120 |
| 2023 | $382,610 | $-7,364 | $36,911 | $23,514 | 1 | $26,181 | — | $22,219 |
| 2022 | $426,885 | $41,168 | $23,136 | $10,000 | 1 | $11,264 | $31,283 | $31,333 |
| 2021 | $408,853 | $105,570 | $59,932 | $50,000 | 1 | — | $97,199 | $30,552 |
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.
Leadership & Key People
Officers and directors from IRS filings
Condit Trust's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Theodore H. Ashford
Trustee
On filings since 2021
1 hr/week
No compensation reported
Timothy C. Ashford
Advisor to Trustee & Secretary
On filings since 2021
1 hr/week
No compensation reported
Marjie Marcotte
Trustee
On filings since 2024
1 hr/week
No compensation reported
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.
Frequently asked questions about Condit Trust
How much does Condit Trust give each year?
Condit Trust gave $27K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $27K across 1 grant.
How large is Condit Trust?
Condit Trust reported $332K in total assets on its 2025 IRS Form 990-PF. It paid out $31K in qualifying distributions that year, against a required minimum of $21K (roughly 5% of its investment assets).
Where does Condit Trust operate?
Condit Trust has awarded grants in Connecticut, Delaware, Texas.
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.
Data last updated September 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
Explore Open Grants
Browse active grant opportunities in Condit Trust's focus areas in our free grants database
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