Frederick P & Mary B Hitz Trust
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
1
+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
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| 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.
Explore Open Grants
Browse active grant opportunities in Frederick P & Mary B Hitz Trust's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.