Gravely Memorial Trust
Gravely Memorial Trust is a private foundation, based in ROCKY MOUNT, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $192K in total assets. In 2024, it awarded 1 grants totaling $50K. Net investment income was $24K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$192K
-12.1% YoY
Annual Giving
$50K
Grant Count
1
Avg Grant Size
$50K
Under IRS private-foundation payout rules, Gravely Memorial Trust reported a distributable amount of $13K for 2024 — the minimum it must pay out in qualifying distributions.
About Gravely Memorial Trust
Based on IRS filings
Gravely Memorial Trust is a private foundation, based in ROCKY MOUNT, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $192K in total assets. In 2024, it awarded 1 grants totaling $50K. Net investment income was $24K.
Ready to take the next step with Gravely Memorial Trust?
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 | $191,532 | $217,858 | $210,782 |
| Revenue | $26,677 | $11,300 | $10,987 |
| Expenses | $53,003 | $4,224 | $19,515 |
| Qualifying Distributions | $50,000 | $683 | $15,630 |
| Net Investment Income | $23,790 | $7,869 | $7,424 |
| Distributable Amount | $12,754 | $12,304 | $12,733 |
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
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include First United Methodist Church ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FIRST UNITED METHODIST CHURCH ROCKY MOUNT, NC | RELIGIOUS | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LANNY SHUFF | TRUSTEE | — | — |
| LUCY HINSON | TRUSTEE | — | — |
Frequently Asked Questions
How large is Gravely Memorial Trust?
As of 2024, Gravely Memorial Trust holds $192K in total assets with $27K in annual revenue. It awarded 1 grants totaling $50K in 2024.
Where does Gravely Memorial Trust operate?
Gravely Memorial Trust has awarded grants in North Carolina.
What size grants does Gravely Memorial Trust award?
In 2024, Gravely Memorial Trust awarded 1 grants totaling $50K — an average of about $50K per grant, based on its IRS Form 990 filings.
How much is Gravely Memorial Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gravely Memorial Trust reported a distributable amount of $13K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gravely Memorial Trust's EIN?
Gravely Memorial Trust's EIN (Employer Identification Number) is 56-6046933. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Gravely Memorial 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.
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