Elizabeth & James Bustard Char Perm Trust
Elizabeth & James Bustard Char Perm Trust is a private foundation, based in Dallas, TX. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $4.0M in total assets. In 2026, it awarded 9 grants totaling $188K. Net investment income was $499K.
Elizabeth & James Bustard Char Perm Trust at a glance
In short: Elizabeth & James Bustard Char Perm Trust gave $188K across 9 grants in 2026 (avg $21K), mostly in Virginia. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $187,987
- +12.7% vs 2025
- Grants made (2026)
- 9
- +0.0% vs 2025
- Average grant
- $20,887
- +12.7% vs 2025
- Median grant
- $22,189
- Total assets
- $3,957,636
- +13.4% vs 2025
- Primary geography
- Virginia (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who Elizabeth & James Bustard Char Perm Trust funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2026
The largest 2026 recipient was Episcopal Church of the Epiphany Mission ($33K). Together the top 9 received $188K.
Grant Size Distribution
45 grants across all recorded years
The most common grant size was under $50K: 45 grants of 45 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 9 itemized grants.
States
Cities
How Elizabeth & James Bustard Char Perm Trust gives
- Giving grew 33% from 2023 to 2026. Method
- In 2026 it paid out 97% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2026, annual grant giving ranged from $141K (2023) to $205K (2022). In 2026 it made 9 grants totaling $188K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Episcopal Church of the Epiphany Mission Danville, VA | Unrestricted General | $33,342 |
| The Salvation Army Alexandria, VA | Unrestricted General | $22,189 |
| Averett College Danville, VA | Unrestricted General | $22,189 |
| Protestant Episcop Theological Seminary Alexandria, VA | Unrestricted General | $22,189 |
| Danville Life Saving Crew Danville, VA | Unrestricted General | $22,189 |
| Sight Conservation CMTE Danville Lions Danville, VA | Unrestricted General | $22,189 |
| DCC Educational Foundation Inc Danville, VA | Unrestricted General | $21,472 |
| Danville-Pitts County United Way Danville, VA | Unrestricted General | $11,114 |
| Joy Ranch Christian School of Hillsville Hillsville, VA | Unrestricted General | $11,114 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,957,636 | $539,752 | $261,509 | $187,987 | 9 | $214,397 | $498,611 | $221,510 |
| 2025 | $3,491,270 | $319,634 | $227,557 | $166,784 | 9 | $188,326 | $278,681 | $202,959 |
| 2024 | $3,438,611 | $130,313 | $224,590 | $165,749 | 9 | $190,639 | $86,359 | $187,520 |
| 2023 | $3,458,901 | $-86,003 | $208,080 | $141,000 | 9 | $159,390 | $41,239 | $176,623 |
| 2022 | $3,708,779 | $739,728 | $268,373 | $205,183 | 9 | $229,227 | $699,163 | $197,763 |
| 2021 | $3,706,695 | $228,259 | $241,006 | $179,173 | 9 | — | $194,579 | $198,582 |
Under IRS private-foundation payout rules, Elizabeth & James Bustard Char Perm Trust reported a distributable amount of $222K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Elizabeth & James Bustard Char Perm Trust's only listed officer is Bank Of America, Trustee on every filing since 2022 (compensated).
Officers on the 2026 filing
Bank Of America
Trustee
On filings since 2022
1 hr/week
$52K (2022) → $58K (2026)
Former officers (1)
- Former: Bank Of America NA (2021) — Trustee
Data from IRS Form 990 filings, 2021–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2026 IRS filing
The highest reported compensation on the 2026 filing was $58K, to Bank of America (Trustee).
Frequently asked questions about Elizabeth & James Bustard Char Perm Trust
How much does Elizabeth & James Bustard Char Perm Trust give each year?
Elizabeth & James Bustard Char Perm Trust gave $188K across 9 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $167K across 9 grants.
What is Elizabeth & James Bustard Char Perm Trust's typical grant size?
Elizabeth & James Bustard Char Perm Trust's median grant in 2026 was $22,189, and its average grant was $20,887, across 9 grants on its 2026 IRS Form 990-PF.
Where does Elizabeth & James Bustard Char Perm Trust give grants?
Elizabeth & James Bustard Char Perm Trust gives mostly in Virginia: 100% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Danville, VA (6 grants) and Alexandria, VA (2 grants).
Does Elizabeth & James Bustard Char Perm Trust give general operating support?
Yes: 100% of Elizabeth & James Bustard Char Perm Trust's 2026 grants with a stated purpose (9 of 9) were for general or operating support, per its 2026 IRS Form 990-PF.
Who are Elizabeth & James Bustard Char Perm Trust's largest grantees?
Elizabeth & James Bustard Char Perm Trust's largest 2026 grantees include Episcopal Church of the Epiphany Mission ($33,342), The Salvation Army ($22,189) and Averett College ($22,189), according to its 2026 IRS Form 990-PF. Together they received 41% of its itemized 2026 grant dollars.
How large is Elizabeth & James Bustard Char Perm Trust?
Elizabeth & James Bustard Char Perm Trust reported $4.0M in total assets on its 2026 IRS Form 990-PF. It paid out $214K in qualifying distributions that year, against a required minimum of $222K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Elizabeth & James Bustard Char Perm Trust's EIN?
Elizabeth & James Bustard Char Perm Trust's EIN (Employer Identification Number) is 54-6250970. IRS Form 990 filing data is available on this page for 2021–2026.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS August 25, 2026)
- IRS filings on file for fiscal years 2021–2025
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