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 grant totaling $50K. Net investment income was $24K.
Gravely Memorial Trust at a glance
In short: Gravely Memorial Trust gave $50K across 1 grant in 2024 (avg $50K), mostly in North Carolina. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $50,000
- Grants made (2024)
- 1
- Average grant
- $50,000
- Median grant
- $50,000
- Total assets
- $191,532
- -12.1% vs 2023
- Primary geography
- North Carolina (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Gravely Memorial Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was First United Methodist Church ($50K).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 3 grants of 4 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Gravely Memorial Trust gives
- Giving grew 104% from 2021 to 2024. Method
- In 2024 it paid out 392% of its IRS minimum distribution (the 5% rule). 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 2020 to 2024, annual grant giving ranged from $12K (2020) to $50K (2024). In 2024 it made 1 grant totaling $50K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| First United Methodist Church Rocky Mount, NC | Religious | $50,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $191,532 | $26,677 | $53,003 | $50,000 | 1 | $50,000 | $23,790 | $12,754 |
| 2023 | $217,858 | $11,300 | $4,224 | — | — | $683 | $7,869 | $12,304 |
| 2022 | $210,782 | $10,987 | $19,515 | $15,000 | 1 | $15,630 | $7,424 | $12,733 |
| 2021 | $219,310 | $26,940 | $29,574 | $24,500 | 1 | $25,185 | $23,162 | $13,610 |
| 2020 | $221,944 | $7,158 | $17,102 | $12,000 | 1 | — | $3,212 | $12,269 |
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.
Leadership & Key People
Officers and directors from IRS filings
Gravely Memorial Trust's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Lanny Shuff
Trustee
On filings since 2020
No compensation reported
Lucy Hinson
Trustee
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Gravely Memorial Trust
How much does Gravely Memorial Trust give each year?
Gravely Memorial Trust gave $50K across 1 grant in 2024, according to its 2024 IRS Form 990-PF.
How large is Gravely Memorial Trust?
Gravely Memorial Trust reported $192K in total assets on its 2024 IRS Form 990-PF. It paid out $50K in qualifying distributions that year, against a required minimum of $13K (roughly 5% of its investment assets).
Where does Gravely Memorial Trust operate?
Gravely Memorial Trust has awarded grants in North Carolina.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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