George S Hughes Charitable Tr

DANVILLE, VA EIN: 54-6316346

George S Hughes Charitable Tr is a private foundation, based in DANVILLE, VA. IRS filing data is available for 2024. As of 2024, the organization holds $216K in total assets. In 2024, it awarded 1 grants totaling $22K. Net investment income was $8K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$216K

Annual Giving

$22K

Grant Count

Avg Grant Size

$22K

Under IRS private-foundation payout rules, George S Hughes Charitable Tr reported a distributable amount of $21K for 2024 — the minimum it must pay out in qualifying distributions.

About George S Hughes Charitable Tr

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $22K (100%)

States

Virginia

Cities

Danville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024
Total Assets	$215,712
Revenue	$12,329
Expenses	$28,913
Qualifying Distributions	$24,673
Net Investment Income	$8,089
Distributable Amount	$21,353

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

1 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Danville Life Saving and First Aid Crew Inc ($21,725).

Recipient	Purpose	Amount
DANVILLE LIFE SAVING AND FIRST AID CREW INC DANVILLE, VA	GENERAL OPERATIONS OF DANVILLE LIFE SAVING AND FIRST AID CREW INC	$21,725

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ATLANTIC UNION BANK	TRUSTEE	40	$5,649

Frequently Asked Questions

How large is George S Hughes Charitable Tr?

As of 2024, George S Hughes Charitable Tr holds $216K in total assets with $12K in annual revenue. It awarded 1 grants totaling $22K in 2024.

Where does George S Hughes Charitable Tr operate?

George S Hughes Charitable Tr has awarded grants in Virginia.

What size grants does George S Hughes Charitable Tr award?

In 2024, George S Hughes Charitable Tr awarded 1 grants totaling $22K — an average of about $22K per grant, based on its IRS Form 990 filings.

How much is George S Hughes Charitable Tr required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, George S Hughes Charitable Tr reported a distributable amount of $21K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.