Hortense Acton Charitable Trust
Hortense Acton Charitable Trust is a private foundation, based in Dallas, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $23.4M in total assets. In 2024, it awarded 1 grant totaling $1.3M. Net investment income was $2.2M.
Hortense Acton Charitable Trust at a glance
In short: Hortense Acton Charitable Trust gave $1.3M across 1 grant in 2024 (avg $1.3M), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,324,445
- +24.4% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $1,324,445
- +24.4% vs 2023
- Median grant
- $1,324,445
- Total assets
- $23,409,407
- +3.8% vs 2023
- Primary geography
- New York (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Hortense Acton Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was New York University ($1.3M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $1–5M range: 5 grants of 5 (100%).
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 Hortense Acton Charitable Trust gives
- Giving held roughly steady from 2021 to 2024 (+8%). Method
- In 2024 it paid out 98% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 $1.1M (2023) to $1.5M (2022). In 2024 it made 1 grant totaling $1.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| New York University New York, NY | Unrestricted General | $1,324,445 |
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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 | $23,409,407 | $2,341,193 | $1,570,246 | $1,324,445 | 1 | $1,402,579 | $2,198,081 | $1,436,652 |
| 2023 | $22,562,897 | $793,533 | $1,265,921 | $1,065,062 | 1 | $1,133,737 | $589,475 | $1,298,132 |
| 2022 | $22,949,314 | $270,750 | $1,748,277 | $1,536,458 | 1 | $1,604,542 | $474,480 | $1,349,041 |
| 2021 | $23,857,668 | $3,028,878 | $1,484,711 | $1,231,580 | 1 | $1,302,963 | $3,772,678 | $1,452,402 |
| 2020 | $22,134,822 | $1,311,914 | $1,436,007 | $1,253,151 | 1 | — | $1,270,017 | $1,206,766 |
Under IRS private-foundation payout rules, Hortense Acton Charitable Trust reported a distributable amount of $1.4M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Hortense Acton Charitable Trust's only listed officer is Bank Of America, Trustee on every filing since 2021 (compensated).
Officers on the 2024 filing
Bank Of America
Trustee
On filings since 2021
1 hr/week
$177K (2021) → $194K (2024)
Former officers (1)
- Former: Bank Of America N A (2020) — Trustee
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 $194K, to Bank of America (Trustee).
Frequently asked questions about Hortense Acton Charitable Trust
How much does Hortense Acton Charitable Trust give each year?
Hortense Acton Charitable Trust gave $1.3M across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.1M across 1 grant.
How large is Hortense Acton Charitable Trust?
Hortense Acton Charitable Trust reported $23.4M in total assets on its 2024 IRS Form 990-PF. It paid out $1.4M in qualifying distributions that year, against a required minimum of $1.4M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Hortense Acton Charitable Trust operate?
Hortense Acton Charitable Trust has awarded grants in New York.
What is Hortense Acton Charitable Trust's EIN?
Hortense Acton Charitable Trust's EIN (Employer Identification Number) is 36-7110976. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 29, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 30, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 27, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 1, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 3, 2025)
- IRS filings on file for fiscal years 2020–2024
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