Horace G Fralin Charitable Trust
Horace G Fralin Charitable Trust is a private foundation, based in Roanoke, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $43.7M in total assets. In 2024, it awarded 1 grant totaling $3.0M. Net investment income was $4.1M.
Horace G Fralin Charitable Trust at a glance
In short: Horace G Fralin Charitable Trust gave $3.0M across 1 grant in 2024 (avg $3.0M), mostly in Virginia. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $3,000,000
- -25.0% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $3,000,000
- -25.0% vs 2023
- Median grant
- $3,000,000
- Total assets
- $43,668,328
- +26.8% vs 2023
- Primary geography
- Virginia (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 Horace G Fralin Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Virginia Tech Foundation ($3.0M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $1–5M range: 4 grants of 5 (80%).
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 Horace G Fralin Charitable Trust gives
- Giving fell 40% from 2021 to 2024. Method
- In 2024 it paid out 123% 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 $1.0M (2022) to $5.0M (2021). In 2024 it made 1 grant totaling $3.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Virginia Tech Foundation Blacksburg, VA | Endowment Fund | $3,000,000 |
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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 | $43,668,328 | $4,753,263 | $3,822,241 | $3,000,000 | 1 | $3,000,180 | $4,119,132 | $2,446,719 |
| 2023 | $34,444,054 | $1,251,575 | $4,627,073 | $4,000,000 | 1 | $4,000,226 | $1,145,572 | $2,565,115 |
| 2022 | $37,934,498 | $2,191,116 | $1,876,788 | $1,000,000 | 1 | $1,000,293 | $1,587,395 | $2,401,448 |
| 2021 | $37,719,059 | $5,066,202 | $5,511,517 | $5,000,000 | 1 | $5,000,170 | $4,536,901 | $2,750,212 |
| 2020 | $38,192,633 | $-599,640 | $1,515,189 | $1,150,000 | 1 | — | $901,041 | $2,160,814 |
Under IRS private-foundation payout rules, Horace G Fralin Charitable Trust reported a distributable amount of $2.4M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Horace G Fralin Charitable Trust's 2024 filing lists 4 officers; 3 of 4 officers listed in 2024 are compensated.
Officers on the 2024 filing
Katherine F. Walker
Co-Trustee
On filings since 2020
$8K (2020) → $16K (2024)
Robert P. Fralin
Co-Trustee
On filings since 2020
$8K (2020) → $16K (2024)
William H. Fralin
Co-Trustee
On filings since 2020
$8K (2020) → $16K (2024)
W. Heywood Fralin
Co-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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $16K, to William H Fralin (Co-Trustee). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Horace G Fralin Charitable Trust
How much does Horace G Fralin Charitable Trust give each year?
Horace G Fralin Charitable Trust gave $3.0M across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $4.0M across 1 grant.
How large is Horace G Fralin Charitable Trust?
Horace G Fralin Charitable Trust reported $43.7M in total assets on its 2024 IRS Form 990-PF. It paid out $3.0M in qualifying distributions that year, against a required minimum of $2.4M (roughly 5% of its investment assets).
Where does Horace G Fralin Charitable Trust operate?
Horace G Fralin Charitable Trust has awarded grants in Virginia.
What is Horace G Fralin Charitable Trust's EIN?
Horace G Fralin Charitable Trust's EIN (Employer Identification Number) is 54-1509505. 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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