Fay S Hoy Charitable Remainder Tr
Fay S Hoy Charitable Remainder Tr is a private foundation focused on Human Services, based in Blacksburg, VA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $396K in total assets. In 2025, it awarded 8 grants totaling $36K. Net investment income was $38K.
Fay S Hoy Charitable Remainder Tr at a glance
In short: Fay S Hoy Charitable Remainder Tr gave $36K across 8 grants in 2025 (avg $5K), mostly in Virginia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $36,491
- +5.5% vs 2024
- Grants made (2025)
- 8
- +0.0% vs 2024
- Average grant
- $4,561
- +5.5% vs 2024
- Median grant
- $3,649
- Total assets
- $396,444
- +0.2% vs 2024
- Primary geography
- Virginia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Fay S Hoy Charitable Remainder Tr funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Blacksburg United Methodist Church ($9K). Together the top 8 received $36K.
Grant Size Distribution
38 grants across all recorded years
The most common grant size was under $50K: 38 grants of 38 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
States
Cities
How Fay S Hoy Charitable Remainder Tr gives
- Giving grew 164% from 2022 to 2025. Method
- In 2025 it paid out 93% 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 2025, annual grant giving ranged from $11K (2021) to $47K (2023). In 2025 it made 8 grants totaling $36K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Blacksburg United Methodist Church Blacksburg, VA | Operating Funds | $9,123 |
| Prices Fork United Methodist Church Blacksburg, VA | Operating Funds | $5,474 |
| New River Family Shelter Blacksburg, VA | Operating Funds | $3,649 |
| Free Clinic of the New River Valley Community Health Center of the NRV Christiansburg, VA | Operating Funds | $3,649 |
| United Daughters of the Confederacy Richmond, VA | Operating Funds | $3,649 |
| Blacksburg Interfaith Food Pantry Radford, VA | Operating Funds | $3,649 |
| Humane Society of Montgomery County Blacksburg, VA | Operating Funds | $3,649 |
| Habitat for Humanity Inc of NRV Christiansburg, VA | Operating Funds | $3,649 |
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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 | $396,444 | $47,503 | $46,835 | $36,491 | 8 | $36,906 | $38,324 | $39,795 |
| 2024 | $395,818 | $59,720 | $44,700 | $34,578 | 8 | $34,993 | $51,092 | $36,911 |
| 2023 | $380,720 | $56,594 | $58,827 | $47,278 | 8 | $47,278 | $48,589 | $34,577 |
| 2022 | $383,057 | $28,205 | $22,899 | $13,811 | 7 | $14,151 | $19,826 | $36,530 |
| 2021 | $377,703 | $398,664 | $20,079 | $10,780 | 7 | $12,170 | $16,494 | $37,067 |
Under IRS private-foundation payout rules, Fay S Hoy Charitable Remainder Tr reported a distributable amount of $40K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Fay S Hoy Charitable Remainder Tr's only listed officer is National Bank Of Blacksburg, Trustee on every filing since 2021 (compensated).
Officers on the 2025 filing
National Bank Of Blacksburg
Trustee
On filings since 2021
20 hrs/week
$5K (2021) → $6K (2025)
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $6K, to National Bank of Blacksburg (Trustee).
Frequently asked questions about Fay S Hoy Charitable Remainder Tr
How much does Fay S Hoy Charitable Remainder Tr give each year?
Fay S Hoy Charitable Remainder Tr gave $36K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $35K across 8 grants.
What is Fay S Hoy Charitable Remainder Tr's typical grant size?
Fay S Hoy Charitable Remainder Tr's median grant in 2025 was $3,649, and its average grant was $4,561, across 8 grants on its 2025 IRS Form 990-PF.
Where does Fay S Hoy Charitable Remainder Tr give grants?
Fay S Hoy Charitable Remainder Tr gives mostly in Virginia: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Blacksburg, VA (4 grants) and Christiansburg, VA (2 grants).
Does Fay S Hoy Charitable Remainder Tr give general operating support?
Yes: 100% of Fay S Hoy Charitable Remainder Tr's 2025 grants with a stated purpose (8 of 8) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Fay S Hoy Charitable Remainder Tr's largest grantees?
Fay S Hoy Charitable Remainder Tr's largest 2025 grantees include Blacksburg United Methodist Church ($9,123), Prices Fork United Methodist Church ($5,474) and New River Family Shelter ($3,649), according to its 2025 IRS Form 990-PF. Together they received 50% of its itemized 2025 grant dollars.
How large is Fay S Hoy Charitable Remainder Tr?
Fay S Hoy Charitable Remainder Tr reported $396K in total assets on its 2025 IRS Form 990-PF. It paid out $37K in qualifying distributions that year, against a required minimum of $40K (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 Fay S Hoy Charitable Remainder Tr?
Fay S Hoy Charitable Remainder Tr is a private foundation focused on Human Services, based in Blacksburg, VA. It holds $396K in total assets as of 2025.
What is Fay S Hoy Charitable Remainder Tr's EIN?
Fay S Hoy Charitable Remainder Tr's EIN (Employer Identification Number) is 85-6607375. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 8, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 8, 2026)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 4, 2023)
Live grants for the work Fay S Hoy Charitable Remainder Tr funds
Human Services Open opportunities, soonest deadline first.
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