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 grants totaling $3.0M. Net investment income was $4.1M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$43.7M
+26.8% YoY
Annual Giving
$3.0M
-25.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$3.0M
-25.0% YoY
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.
About Horace G Fralin Charitable Trust
Based on IRS filings
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 grants totaling $3.0M. Net investment income was $4.1M.
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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 | $43,668,328 | $34,444,054 | $37,934,498 |
| Revenue | $4,753,263 | $1,251,575 | $2,191,116 |
| Expenses | $3,822,241 | $4,627,073 | $1,876,788 |
| Qualifying Distributions | $3,000,180 | $4,000,226 | $1,000,293 |
| Net Investment Income | $4,119,132 | $1,145,572 | $1,587,395 |
| Distributable Amount | $2,446,719 | $2,565,115 | $2,401,448 |
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
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Virginia Tech Foundation ($3,000,000).
| Recipient | Purpose | Amount |
|---|---|---|
| VIRGINIA TECH FOUNDATION BLACKSBURG, VA | ENDOWMENT FUND | $3,000,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| W HEYWOOD FRALIN | CO-TRUSTEE | — | — |
| WILLIAM H FRALIN | CO-TRUSTEE | — | $16,000 |
| ROBERT P FRALIN | CO-TRUSTEE | — | $16,000 |
| KATHERINE F WALKER | CO-TRUSTEE | — | $16,000 |
Frequently Asked Questions
How large is Horace G Fralin Charitable Trust?
As of 2024, Horace G Fralin Charitable Trust holds $43.7M in total assets with $4.8M in annual revenue. It awarded 1 grants totaling $3.0M in 2024.
Where does Horace G Fralin Charitable Trust operate?
Horace G Fralin Charitable Trust has awarded grants in Virginia.
What size grants does Horace G Fralin Charitable Trust award?
In 2024, Horace G Fralin Charitable Trust awarded 1 grants totaling $3.0M — an average of about $3.0M per grant, based on its IRS Form 990 filings.
How much is Horace G Fralin Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Horace G Fralin Charitable Trust reported a distributable amount of $2.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Horace G Fralin Charitable 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.