Frank L Matthews - Tes Tr
Frank L Matthews - Tes Tr is a private foundation focused on Education, based in Orlando, FL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $192K in total assets. In 2025, it awarded 2 grants totaling $6K. Net investment income was $15K.
Key facts about Frank L Matthews - Tes Tr
In short: Frank L Matthews - Tes Tr gave $6K across 2 grants in 2025 (avg $3K), mostly in Virginia. Source: 2025 IRS Form 990-PF.
- EIN
- 54-6030034
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $5,970
- Grants made (2025)
- 2
- Average grant
- $2,985
- Median grant
- $2,985
- Total assets
- $192,393
- Primary geography
- Virginia (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$192K
+2.2% YoY
Annual Giving
$6K
+14.3% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$3K
+14.3% YoY
Under IRS private-foundation payout rules, Frank L Matthews - Tes Tr reported a distributable amount of $11K for 2025 — the minimum it must pay out in qualifying distributions.
How Frank L Matthews - Tes Tr gives
- Giving held roughly steady from 2022 to 2025 (−10%). Method
- In 2025 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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 2 itemized 2025 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| AUGUSTA COUNTY SCHOOL BOARD Verona, VA | GENERAL OPERATING | $2,985 |
| THE SALVATION ARMY Staunton, VA | GENERAL OPERATING | $2,985 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $192,393 | $188,316 | $187,340 |
| Revenue | $17,786 | $13,620 | $-4,251 |
| Expenses | $13,677 | $12,719 | $11,095 |
| Qualifying Distributions | $10,790 | $10,052 | $9,665 |
| Net Investment Income | $15,098 | $10,921 | $3,237 |
| Distributable Amount | $11,109 | $10,800 | $9,812 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS June 9, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 27, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 25, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 17, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 18, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 16, 2026)
- IRS filings on file for fiscal years 2019–2025
Leadership & Key People
Officers and directors from IRS filings
Frank L Matthews - Tes Tr's only listed officer is Truist Bank, Trustee on every filing since 2021 (compensated).
Officers on the 2025 filing
Truist Bank
Trustee
On filings since 2021
1 hr/week
$4K (2021) → $5K (2025)
Former officers (1)
- Former: Truist Bank FKA Suntrust Bank (2019–2020) — Trustee
Data from IRS Form 990 filings, 2019–2025. "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
Frequently asked questions about Frank L Matthews - Tes Tr
How much does Frank L Matthews - Tes Tr give each year?
Frank L Matthews - Tes Tr gave $6K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $5K across 2 grants.
How large is Frank L Matthews - Tes Tr?
Frank L Matthews - Tes Tr reported $192K in total assets on its 2025 IRS Form 990-PF. It paid out $11K in qualifying distributions that year, against a required minimum of $11K (roughly 5% of its investment assets).
What is Frank L Matthews - Tes Tr?
Frank L Matthews - Tes Tr is a private foundation focused on Education, based in Orlando, FL. It holds $192K in total assets as of 2025.
Where does Frank L Matthews - Tes Tr operate?
Frank L Matthews - Tes Tr has awarded grants in Georgia, Virginia.
What is Frank L Matthews - Tes Tr's EIN?
Frank L Matthews - Tes Tr's EIN (Employer Identification Number) is 54-6030034. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Frank L Matthews - Tes Tr by hand.
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