Douglas E & M Stewart Albertson
Douglas E & M Stewart Albertson is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Richmond, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 18 grants totaling $87K. Net investment income was $23K.
Key facts about Douglas E & M Stewart Albertson
In short: Douglas E & M Stewart Albertson gave $87K across 18 grants in 2024 (avg $5K), mostly in Virginia. Source: 2024 IRS Form 990-PF.
- EIN
- 85-4340628
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $86,500
- Grants made (2024)
- 18
- Average grant
- $4,806
- Median grant
- $2,500
- Total assets
- $2,025,439
- Primary geography
- Virginia (54% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.0M
+25.9% YoY
Annual Giving
$87K
+26.3% YoY
Grant Count
18
+28.6% YoY
Avg Grant Size
$5K
-1.8% YoY
Under IRS private-foundation payout rules, Douglas E & M Stewart Albertson reported a distributable amount of $90K for 2024 — the minimum it must pay out in qualifying distributions.
How Douglas E & M Stewart Albertson gives
- 72% of 2024 grantees were also funded in 2023. Method
- Giving grew 116% from 2021 to 2024. Method
- In 2024 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 18 itemized 2024 grant dollars.
Cities
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
41 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| HILLSDALE COLLEGE Hillsdale, MI | DONATION | $25,000 |
| HUNTER CLASSICAL SCHOOL Richmond, VA | DONATION | $20,000 |
| BON AIR BAPTIST CHURCH Richmond, VA | DONATION | $5,000 |
| TUNNELS TO TOWERS FOUNDATION Staten Island, NY | DONATION | $5,000 |
| ST JUDE CHILDREN'S RESEARCH Memphis, TN | DONATION | $5,000 |
| WORLD PEDIATRIC PROJECT Richmond, VA | DONATION | $4,000 |
| ST DAVID'S SCHOOL Richmond, VA | DONATION | $4,000 |
| VA WATERCOLOR SOCIETY Richmond, VA | DONATION | $3,000 |
| OPERATION SMILE Virginia Beach, VA | DONATION | $3,000 |
| FAMILY FOUNDATION Richmond, VA | DONATION | $2,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,025,439 | $1,608,303 | $1,423,646 |
| Revenue | $521,044 | $269,457 | $93,666 |
| Expenses | $103,908 | $84,800 | $51,244 |
| Qualifying Distributions | $86,500 | $68,500 | $36,819 |
| Net Investment Income | $23,497 | $22,421 | $10,719 |
| Distributable Amount | $89,838 | $69,131 | $57,511 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Douglas E & M Stewart Albertson is led by Douglas E. Albertson, Chairman & President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Douglas E. Albertson
Chairman & President
On filings since 2020
No compensation reported
Mary S. Albertson
Secretary
On filings since 2022
No compensation reported
Former officers (1)
- Former: M. Stewart Albertson (2020–2021) — Secretary & Treasurer
Data from IRS Form 990 filings, 2020–2024. "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 Douglas E & M Stewart Albertson
How much does Douglas E & M Stewart Albertson give each year?
Douglas E & M Stewart Albertson gave $87K across 18 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $69K across 14 grants.
What is Douglas E & M Stewart Albertson's typical grant size?
Douglas E & M Stewart Albertson's median grant in 2024 was $2,500, and its average grant was $4,806, across 18 grants on its 2024 IRS Form 990-PF.
Where does Douglas E & M Stewart Albertson give grants?
Douglas E & M Stewart Albertson gives mostly in Virginia: 54% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Michigan (29%) and New York (6%). The most frequent recipient cities were Richmond, VA (9 grants) and Henrico, VA (2 grants).
Does Douglas E & M Stewart Albertson give general operating support?
Not in 2024: none of the 18 grants with a stated purpose on Douglas E & M Stewart Albertson's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Donation" (18 grants).
Who are Douglas E & M Stewart Albertson's largest grantees?
Douglas E & M Stewart Albertson's largest 2024 grantees include Hillsdale College ($25,000), Hunter Classical School ($20,000) and Bon Air Baptist Church ($5,000), according to its 2024 IRS Form 990-PF. Together they received 58% of its itemized 2024 grant dollars.
How large is Douglas E & M Stewart Albertson?
Douglas E & M Stewart Albertson reported $2.0M in total assets on its 2024 IRS Form 990-PF. It paid out $87K in qualifying distributions that year, against a required minimum of $90K (roughly 5% of its investment assets).
What is Douglas E & M Stewart Albertson?
Douglas E & M Stewart Albertson is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Richmond, VA. It holds $2.0M in total assets as of 2024.
What is Douglas E & M Stewart Albertson's EIN?
Douglas E & M Stewart Albertson's EIN (Employer Identification Number) is 85-4340628. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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