E Stuart James Grant Charitable Trust
The E Stuart James Grant Charitable Trust is a private foundation based in Danville, Virginia. Established in 1992, the trust was created from the estate of E. Stuart James Grant, the former owner and publisher of the Danville Register & Bee, who passed away in 1990. The trust is administered by Atlantic Union Bank (formerly American National Bank and Trust Co.).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$36.0M
+15.0% YoY
Annual Giving
$2.5M
+12.9% YoY
Grant Count
9
-10.0% YoY
Avg Grant Size
$278K
+25.4% YoY
Under IRS private-foundation payout rules, E Stuart James Grant Charitable Trust reported a distributable amount of $2.2M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The trust supports a preselected group of charitable organizations across the Danville region. According to its stated giving priorities, the foundation provides support to:
- Averett University
- Hargrave Military Academy
- University of Virginia
- Virginia Military Institute
- Danville Area Humane Society
- The Hatcher Center
- Red Hill Shrine
- Lions Club
- Kiwanis Club
The foundation's giving focuses on education, philanthropy, voluntarism, and professional societies and associations, primarily in Virginia.
Grantmaking
The foundation made 9 grants in 2024, with a median grant size of $200,000 and a range from $75,000 to $700,000.
Grant Range
of $200,000 and a range from $75,000 to $700,000.
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation's giving is concentrated in Virginia, with particular emphasis on the Danville area and regional institutions.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $35,958,054
- Total Giving: $2,504,773
- Total Revenues: $7,628,974
- Total Expenses: $2,928,790
- Number of Employees: 1
As of December 2023:
- Total Assets: $44,000,000 (approximately)
- Total Distributions: $2,400,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $35,958,054 | $31,257,870 | $32,528,259 |
| Revenue | $7,628,974 | $1,322,544 | $1,063,238 |
| Expenses | $2,928,790 | $2,601,272 | $2,715,191 |
| Qualifying Distributions | $2,669,252 | $2,368,233 | $2,463,597 |
| Net Investment Income | $7,372,155 | $1,089,505 | $847,185 |
| Distributable Amount | $2,244,824 | $2,097,386 | $2,906,649 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
46 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Hargrave Military Academy ($700,000), Averett University ($500,000), University of Virginia ($325,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AVERETT UNIVERSITY DANVILLE, VA | $400,000 DEBT REDUCTION (2ND YEAR OF 3 YEAR PLEDGE) | $500,000 |
| HARGRAVE MILITARY ACADEMY CHATHAM, VA | $600,000 BARRACKS RENOVATION, INFRASTRUCTURE UPGRADES AND FACILTY IMPROVEMENTS (2ND OF 5 YR PLEDGE); $100,000 UNDESIGNATED SUPPORT | $700,000 |
| LIONS CLUB FOUNDATION DANVILLE, VA | $80,000 BIG BROTHERS BIG SISTER - NEW VAN; $100,000 PITTSYLVANIA CO PUBLIC LIBRARY - PURCHASE OF BOOKMOBILE; $20,000 UNDESIGNATED | $200,000 |
| KIWANIS FOUNDATION DANVILLE, VA | $25,000 BOYS & GIRLS CLUB - PURCHASE OF VAN; $50,000 DANVILLE SCIENCE CENTER NEW FILMS, EXHIBITS & EQUIPMENT;$100,000 DANVILLE LIFE SAVING & FIRST AID CREW - PURCHASE OF MEDIC UNIOT; $20,000 UNDESIGNATED SUPPORT | $195,000 |
| UNIVERSITY OF VIRGINIA CHARLOTTESVILLE, VA | $175,000 COLLEGE ADVISING CORPS; $100,000 SORENSEN INSTITUTE; $50,000 UNDESIGNATED | $325,000 |
| THE HATCHER CENTER (THE ARC) DANVILLE, VA | $190,000 PURCHASE OF ELECTRIC HEALTH RECORDS PROGRAM; $50,000 FABRIC, MATERIAL, AND POINT OF SALE SYSTEM UPGRADE; $20,000 UNDESIGNATED SUPPORT | $260,000 |
| VIRGINIA MILITARY INSTITUTE LEXINGTON, VA | $50,000 UNDESIGNATED SUPPORT; $25,000 SCHOLARSHIP FUND | $75,000 |
| DANVILLE AREA HUMANE SOCIETY DANVILLE, VA | $65,000 SPAY/NEUTER PROGRAM; $35,000 EXPAND/FORTIFY OUTSIDE DOG PLAY AREA; $20,000 UNDESIGNATED; $227 REFUNDED | $119,773 |
| RED HILL SHRINE BROOKNEAL, VA | $30,000 DANVILLE & PITTSYLVANIA CO STUDENT INTERACTIVE PROGRAMS ADN TAKE HOME KITS; $30,000 REVAMP LIFING HISTORY CURRICULUM MATERIALS AND LEARNING STATIONS, INTERPRETER RECRUITMENT TRRAINING; $50,000 CAPITAL IMPROVEMENTS IMPACTING VISITOR ACCESSIBILITY AND SAFETY; $20,000 UNDESIGNATED | $130,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Atlantic Union Bank – Trustee (40 hours/week, $376,000 annual compensation as of 2024)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ATLANTIC UNION BANK | TRUSTEE | 40 | $375,573 |
Recent News & Activity
Recent developments and announcements
In October 2020, Averett University renamed its North Campus to the Averett University E. Stuart James Grant North Campus in recognition of the trust's substantial support. As of that announcement, the trust had provided Averett University with a combined $18.5 million over 27 years. The trust has funded numerous capital and programmatic projects at Averett, including faculty technology training and recruitment, student center construction, nursing program start-up funding, Main Hall renovations, and the E. Stuart James Grant Center.
Averett renames North Campus as E. Stuart James Grant North ...Frequently Asked Questions
What does E Stuart James Grant Charitable Trust fund?
The trust supports a preselected group of charitable organizations across the Danville region. According to its stated giving priorities, the foundation provides support to: • Averett University • Hargrave Military Academy • University of Virginia • Virginia Military Institute • Danville Area Humane Society • The Hatcher Center • Red Hill Shrine • Lions Club • Kiwanis Club The foundation's giving focuses on education, philanthropy, voluntarism, and professional societies and associations, prima…
How do I apply for a grant from E Stuart James Grant Charitable Trust?
**Grant Activity:** The foundation made 9 grants in 2024, with a median grant size of $200,000 and a range from $75,000 to $700,000. **Recent Grants (2024):** • Hargrave Military Academy: $700,000 (barracks renovation, infrastructure upgrades, facility improvements, and undesignated support) • Averett University: $500,000 (debt reduction, second year of three-year pledge) • Danville Area Humane Society: $119,773 (spay/neuter program, dog play area expansion, and undesignated support) **Applicat…
Where does E Stuart James Grant Charitable Trust make grants?
The foundation's giving is concentrated in Virginia, with particular emphasis on the Danville area and regional institutions.
What size grants does E Stuart James Grant Charitable Trust award?
In 2024, E Stuart James Grant Charitable Trust awarded 9 grants totaling $2.5M — an average of about $278K per grant, based on its IRS Form 990 filings.
How much is E Stuart James Grant Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, E Stuart James Grant Charitable Trust reported a distributable amount of $2.2M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is E Stuart James Grant Charitable Trust's EIN?
E Stuart James Grant Charitable Trust's EIN (Employer Identification Number) is 54-6315085. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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