Frederick P & Mary B Hitz Trust

CHARLOTTESVILLE, VA EIN: 54-6076815

Frederick P & Mary B Hitz Trust is a private foundation, based in CHARLOTTESVILLE, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $861K in total assets. In 2024, it awarded 1 grants totaling $63K. Net investment income was $26K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$861K

+0.2% YoY

Annual Giving

$63K

+384.6% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$63K

+384.6% YoY

Under IRS private-foundation payout rules, Frederick P & Mary B Hitz Trust reported a distributable amount of $51K for 2024 — the minimum it must pay out in qualifying distributions.

About Frederick P & Mary B Hitz Trust

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $239K (100%)

States

Virginia

Cities

CharlottesvilleGreenwood

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$861,050	$859,031	$820,542
Revenue	$71,807	$57,794	$8,463
Expenses	$70,908	$19,208	$84,365
Qualifying Distributions	$65,317	$15,209	$82,100
Net Investment Income	$25,835	$54,136	$18,413
Distributable Amount	$51,136	$44,941	$43,999

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

6 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Emmanuel Episcopal Church ($63,000).

Recipient	Purpose	Amount
EMMANUEL EPISCOPAL CHURCH GREENWOOD, VA	TO PROVIDE GENEARL FUNDS	$63,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MARY B HITZ	TRUSTEE AS N	1	—

Frequently Asked Questions

How large is Frederick P & Mary B Hitz Trust?

As of 2024, Frederick P & Mary B Hitz Trust holds $861K in total assets with $72K in annual revenue. It awarded 1 grants totaling $63K in 2024.

Where does Frederick P & Mary B Hitz Trust operate?

Frederick P & Mary B Hitz Trust has awarded grants in Virginia.

What size grants does Frederick P & Mary B Hitz Trust award?

In 2024, Frederick P & Mary B Hitz Trust awarded 1 grants totaling $63K — an average of about $63K per grant, based on its IRS Form 990 filings.

How much is Frederick P & Mary B Hitz Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Frederick P & Mary B Hitz Trust reported a distributable amount of $51K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Frederick P & Mary B Hitz Trust's EIN?

Frederick P & Mary B Hitz Trust's EIN (Employer Identification Number) is 54-6076815. IRS Form 990 filing data is available on this page for 2020–2024.