Holmes I Goode Residual Trust

BIRMINGHAM, AL EIN: 62-6139277

Holmes I Goode Residual Trust is a private foundation, based in BIRMINGHAM, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $455K in total assets. In 2024, it awarded 4 grants totaling $28K. Net investment income was $23K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$455K

-1.5% YoY

Annual Giving

$28K

+2.9% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$7K

+2.9% YoY

Under IRS private-foundation payout rules, Holmes I Goode Residual Trust reported a distributable amount of $28K for 2024 — the minimum it must pay out in qualifying distributions.

About Holmes I Goode Residual Trust

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $143K (100%)

States

Virginia

Cities

AlexandriaBristolCovington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$455,293	$462,414	$484,612
Revenue	$31,705	$15,583	$20,794
Expenses	$38,802	$37,756	$46,363
Qualifying Distributions	$29,114	$28,310	$32,934
Net Investment Income	$22,834	$8,694	$11,404
Distributable Amount	$28,234	$27,041	$28,308

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

20 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Boys Home Inc ($7,091), Virginia Theological Seminary ($7,091), Janie Hammitt Memorial Inc Attn Dave ($7,091).

Recipient	Purpose	Amount
BOYS HOME INC COVINGTON, VA	GENERAL OPERATING	$7,091
VIRGINIA THEOLOGICAL SEMINARY ALEXANDRIA, VA	GENERAL OPERATING	$7,091
JANIE HAMMITT MEMORIAL INC ATTN DAVE BRISTOL, VA	GENERAL OPERATING	$7,091
EMMANUEL EPISCOPAL CHURCH BRISTOL, VA	GENERAL OPERATING	$7,091

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
REGIONS BANK	TRUSTEE	1	$8,686

Frequently Asked Questions

How large is Holmes I Goode Residual Trust?

As of 2024, Holmes I Goode Residual Trust holds $455K in total assets with $32K in annual revenue. It awarded 4 grants totaling $28K in 2024.

Where does Holmes I Goode Residual Trust operate?

Holmes I Goode Residual Trust has awarded grants in Virginia.

What size grants does Holmes I Goode Residual Trust award?

In 2024, Holmes I Goode Residual Trust awarded 4 grants totaling $28K — an average of about $7K per grant, based on its IRS Form 990 filings.

How much is Holmes I Goode Residual Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Holmes I Goode Residual Trust reported a distributable amount of $28K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.