Herbert Fales Educational Trust
Herbert Fales Educational Trust is a private foundation, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $839K in total assets. In 2024, it awarded 4 grants totaling $42K. Net investment income was $74K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$839K
+3.0% YoY
Annual Giving
$42K
+20.0% YoY
Grant Count
4
+33.3% YoY
Avg Grant Size
$11K
-10.0% YoY
Under IRS private-foundation payout rules, Herbert Fales Educational Trust reported a distributable amount of $48K for 2024 — the minimum it must pay out in qualifying distributions.
About Herbert Fales Educational Trust
Based on IRS filings
Herbert Fales Educational Trust is a private foundation, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $839K in total assets. In 2024, it awarded 4 grants totaling $42K. Net investment income was $74K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $839,290 | $815,075 | $831,536 |
| Revenue | $85,387 | $29,992 | $-21,592 |
| Expenses | $60,297 | $51,161 | $71,071 |
| Qualifying Distributions | $49,540 | $41,836 | $57,153 |
| Net Investment Income | $74,177 | $18,020 | $7,226 |
| Distributable Amount | $47,806 | $48,853 | $44,896 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Umass Amherst ($25,000), Eastern Connecticut State Univ ($8,000), Northeastern University ($6,000).
| Recipient | Purpose | Amount |
|---|---|---|
| EASTERN CONNECTICUT STATE UNIV WINDHAM, CT | SCHOLARSHIPS | $8,000 |
| UMASS AMHERST AMHERST, MA | SCHOLARSHIPS | $25,000 |
| NORTHEASTERN UNIVERSITY BOSTON, MA | SCHOLARSHIP | $6,000 |
| WILLIAMS COLLEGE WILLIAMSTOWN, MA | SCHOLARSHIPS | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BANK OF AMERICA | TRUSTEE | 1 | $13,812 |
Frequently Asked Questions
How large is Herbert Fales Educational Trust?
As of 2024, Herbert Fales Educational Trust holds $839K in total assets with $85K in annual revenue. It awarded 4 grants totaling $42K in 2024.
Where does Herbert Fales Educational Trust operate?
Herbert Fales Educational Trust has awarded grants in Connecticut, Massachusetts, Maryland, Maine, New York, Pennsylvania.
What size grants does Herbert Fales Educational Trust award?
In 2024, Herbert Fales Educational Trust awarded 4 grants totaling $42K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is Herbert Fales Educational Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Herbert Fales Educational Trust reported a distributable amount of $48K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Herbert Fales Educational Trust's EIN?
Herbert Fales Educational Trust's EIN (Employer Identification Number) is 04-6044998. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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