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.
Frank L Matthews - TES Tr at a glance
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.
- Annual giving (2025)
- $5,970
- +14.3% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $2,985
- +14.3% vs 2024
- Median grant
- $2,985
- Total assets
- $192,393
- +2.2% 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 September 2026.
Who Frank L Matthews - TES Tr funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Augusta County School Board ($3K). Together the top 2 received $6K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 10 grants of 10 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $5K (2019) to $7K (2022). In 2025 it made 2 grants totaling $6K.
Grants by year
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 |
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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 | $192,393 | $17,786 | $13,677 | $5,970 | 2 | $10,790 | $15,098 | $11,109 |
| 2024 | $188,316 | $13,620 | $12,719 | $5,222 | 2 | $10,052 | $10,921 | $10,800 |
| 2023 | $187,340 | $-4,251 | $11,095 | $5,076 | 2 | $9,665 | $3,237 | $9,812 |
| 2022 | $202,676 | $9,922 | $14,407 | $6,658 | 2 | $11,917 | $8,204 | $10,334 |
| 2021 | $206,654 | $37,340 | $13,038 | $5,936 | 2 | $10,833 | $35,430 | $11,556 |
| 2020 | $182,770 | $16,809 | $11,168 | $5,338 | 2 | — | $15,210 | $9,982 |
| 2019 | $177,239 | $8,000 | $11,213 | $4,962 | 2 | — | $6,390 | $9,926 |
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.
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
The highest reported compensation on the 2025 filing was $5K, to Truist Bank (Trustee).
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). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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.
Data update history
(8)
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
Live grants for the work Frank L Matthews - TES Tr funds
Education Open opportunities, soonest deadline first.
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Browse active grant opportunities in Frank L Matthews - TES Tr's focus areas in our free grants database
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