Frances N Alden Charitable Tr

LOUISVILLE, KY EIN: 86-6493305

The Frances N Alden Charitable Trust is a private foundation based in Louisville, Kentucky, designated as a 501(c)(3) organization. The trust was established in 2021 and operates with a single employee. It functions as a grantmaking foundation supporting various charitable causes primarily in Kentucky and surrounding regions.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$44.8M

-4.6% YoY

Annual Giving

$4.9M

+125.9% YoY

Grant Count

+100.0% YoY

Avg Grant Size

$307K

+13.0% YoY

Under IRS private-foundation payout rules, Frances N Alden Charitable Tr reported a distributable amount of $2.8M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The trust's primary funding focuses include:

Scholarships
Restoration and protection of national landmarks
Grief-counseling services
Support for at-risk individuals
Library program enhancement
Arts and culture initiatives
Human services

Grantmaking

The trust does not accept unsolicited applications.

Grant Range

$125,000

How to Apply

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Geographic Focus

Where this funder awards grants

The trust primarily funds organizations in Kentucky, with a particular emphasis on Louisville. It also has made grants to organizations in Virginia and Indiana.

Grant Distribution by State

Kentucky $8.2M (99%)

Virginia $100K (1%)

Indiana $25K (0%)

States

Indiana Kentucky Virginia

Cities

ClarksvilleLouisvilleRichmondShelbyville

Financial History

Multi-year comparison from IRS filings

Assets & Revenue (2024):

Total assets: $44,839,658
Total revenue: $2,496,757
Total expenses: $5,080,475
Total liabilities: $0

Historical Assets:

2023: $48,500,000

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$44,839,658	$46,992,038	$48,527,311
Revenue	$2,496,757	$1,683,915	$69,747,197
Expenses	$5,080,475	$2,781,455	$1,367,707
Qualifying Distributions	$4,949,673	$2,206,140	$1,268,042
Net Investment Income	$2,136,684	$1,522,432	$16,227,036
Distributable Amount	$2,797,202	$2,485,358	$2,129,865

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

32 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Home of the Innocents ($1,500,000), Hosparus inc ($500,000), Louisville Free Public Library Fdn ($500,000).

Recipient	Purpose	Amount
HORSESENING Shelbyville, KY	CHARITABLE	$25,000
COMMUNITY FOUNDATION OF LOUISVILLE Louisville, KY	EMPOWER AND MAKING	$400,000
DOGS HELPING HEROES INC Clarksville, IN	CHARITABLE	$25,000
HILDEGARD HOUSE LOUISVILLE, KY	CHARITABLE	$150,000
Childrens Hospital Foundation Richmond, VA	CHARITABLE	$100,000
SPEED ART MUSEUM Louisville, KY	CHARITABLE	$300,000
HOME OF THE INNOCENTS Louisville, KY	EMPOWER AND ENRICH LIVES OF	$1,500,000
LOUISVILLE COLLEGIATE SCHOOL Louisville, KY	SCHOLARSHIP	$210,000
CABBAGE PATCH SETTLEMENT HOUSE Louisville, KY	EQUIP AND EMPOWER AT-RISK	$204,000
Fund for the Arts Inc Louisville, KY	CHARITABLE	$250,000

Leadership & Key People

Leadership team and compensation from IRS filings

Mark K Nickel: Trustee (as of May 2024)

Compensation Overview

From 2024 IRS filing

No officer/director data available.

Recent News & Activity

Recent developments and announcements

2024

The trust has demonstrated increased grantmaking activity in 2024, with total giving of $4,914,000 compared to $1,200,000 in 2023. Recent grants reflect a commitment to major Louisville institutions and social services, including significant support for youth services through Home of the Innocents and cultural institutions through the Speed Art Museum and Waterfront Botanical Gardens.

Allegheny College Receives $150,000 Grant\_From The Alden Trust To Support\

Frequently Asked Questions

What does Frances N Alden Charitable Tr fund?

The trust's primary funding focuses include: • Scholarships • Restoration and protection of national landmarks • Grief-counseling services • Support for at-risk individuals • Library program enhancement • Arts and culture initiatives • Human services

How do I apply for a grant from Frances N Alden Charitable Tr?

**Grant Activity:** • Total giving in 2024: $4,914,000 • Total giving in 2023: $1,200,000 • Number of grants (2024): 8 grants • Median grant size: $125,000 • Grant range: $25,000 to $1,500,000 **Recent Grant Recipients (2024):** • Home of the Innocents: $1,500,000 (empower and enrich lives) • Hosparus Health: $500,000 (grief-counseling services) • Louisville Free Public Library Foundation: $500,000 (enhance library programs) **Notable 2023 Recipients:** • Speed Art Museum: $1,000,000 • Waterfro…

Where does Frances N Alden Charitable Tr make grants?

The trust primarily funds organizations in Kentucky, with a particular emphasis on Louisville. It also has made grants to organizations in Virginia and Indiana.

What size grants does Frances N Alden Charitable Tr award?

In 2024, Frances N Alden Charitable Tr awarded 16 grants totaling $4.9M — an average of about $307K per grant, based on its IRS Form 990 filings.

How much is Frances N Alden Charitable Tr required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Frances N Alden Charitable Tr reported a distributable amount of $2.8M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.