Fay S Hoy Charitable Remainder Tr

Foundation · Grantmaker Blacksburg, VA EIN: 85-6607375

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 2024. As of 2024, the organization holds $396K in total assets. In 2024, it awarded 8 grants totaling $35K. Net investment income was $51K.

Key facts about Fay S Hoy Charitable Remainder Tr

EIN: 85-6607375
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $34,578
Grants made (2024): 8
Average grant: $4,322
Median grant: $3,458
Total assets: $395,818
Primary geography: Virginia (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Fay S Hoy Charitable Remainder Tr funds

By grant dollars, the top recipient states for Fay S Hoy Charitable Remainder Tr's 8 itemized 2024 grants were Virginia (100%). The most frequent recipient cities were Blacksburg, VA (4 grants) and Christiansburg, VA (2 grants). 100% of grants with a stated purpose were for general or operating support.

How Fay S Hoy Charitable Remainder Tr gives

Giving grew 221% from 2021 to 2024. Method
In 2024 it paid out 95% 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.

Next steps with Fay S Hoy Charitable Remainder Tr

How to evaluate Fay S Hoy Charitable Remainder Tr as a funder
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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$396K

+4.0% YoY

Annual Giving

$35K

-26.9% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$4K

-26.9% YoY

Under IRS private-foundation payout rules, Fay S Hoy Charitable Remainder Tr reported a distributable amount of $37K for 2024 — the minimum it must pay out in qualifying distributions.

About Fay S Hoy Charitable Remainder Tr

Based on IRS filings

Focus Areas

Human Services

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $35K (100%)

Share of all 8 itemized 2024 grant dollars.

States

Virginia

Cities

BlacksburgChristiansburgRadfordRichmond

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$395,818	$380,720	$383,057
Revenue	$59,720	$56,594	$28,205
Expenses	$44,700	$58,827	$22,899
Qualifying Distributions	$34,993	$47,278	$14,151
Net Investment Income	$51,092	$48,589	$19,826
Distributable Amount	$36,911	$34,577	$36,530

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2021–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2024

Grant Size Distribution

30 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Blacksburg United Methodist Church ($8,644), Prices Fork United Methodist Church ($5,186), New River Family Shelter ($3,458).

Recipient	Purpose	Amount
BLACKSBURG UNITED METHODIST CHURCH Blacksburg, VA	OPERATING FUNDS	$8,644
PRICES FORK UNITED METHODIST CHURCH Blacksburg, VA	OPERATING FUNDS	$5,186
NEW RIVER FAMILY SHELTER Blacksburg, VA	OPERATING FUNDS	$3,458
FREE CLINIC OF THE NEW RIVER VALLEY Christiansburg, VA	OPERATING FUNDS	$3,458
UNITED DAUGHTERS OF THE CONFEDERACY Richmond, VA	OPERATING FUNDS	$3,458
BLACKSBURG INTERFAITH FOOD PANTRY Radford, VA	OPERATING FUNDS	$3,458
HUMANE SOCIETY OF MONTGOMERY COUNTY Blacksburg, VA	OPERATING FUNDS	$3,458
HABITAT FOR HUMANITY INC OF NRV Christiansburg, VA	OPERATING FUNDS	$3,458

Subject Areas

Focus areas based on grantmaking activity

Human Services

Frequently Asked Questions

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 2024.

How large is Fay S Hoy Charitable Remainder Tr?

As of 2024, Fay S Hoy Charitable Remainder Tr holds $396K in total assets with $60K in annual revenue. It awarded 8 grants totaling $35K in 2024.

Where does Fay S Hoy Charitable Remainder Tr operate?

Fay S Hoy Charitable Remainder Tr has awarded grants in Virginia.

What size grants does Fay S Hoy Charitable Remainder Tr award?

In 2024, Fay S Hoy Charitable Remainder Tr awarded 8 grants totaling $35K — an average of about $4K per grant, based on its IRS Form 990 filings.

How much is Fay S Hoy Charitable Remainder Tr required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Fay S Hoy Charitable Remainder Tr reported a distributable amount of $37K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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 2021–2024.