Howard W and Katherine L Gwaltney
Howard W and Katherine L Gwaltney is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SMITHFIELD, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $390K in total assets. In 2024, it awarded 8 grants totaling $17K. Net investment income was $26K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$390K
+1.6% YoY
Annual Giving
$17K
+0.0% YoY
Grant Count
8
+0.0% YoY
Avg Grant Size
$2K
+0.0% YoY
Under IRS private-foundation payout rules, Howard W and Katherine L Gwaltney reported a distributable amount of $24K for 2024 — the minimum it must pay out in qualifying distributions.
About Howard W and Katherine L Gwaltney
Based on IRS filings
Howard W and Katherine L Gwaltney is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SMITHFIELD, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $390K in total assets. In 2024, it awarded 8 grants totaling $17K. Net investment income was $26K.
Focus Areas
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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 | $389,696 | $383,596 | $389,077 |
| Revenue | $28,462 | $17,062 | $46,460 |
| Expenses | $22,362 | $22,543 | $25,503 |
| Qualifying Distributions | $19,800 | $19,800 | $23,010 |
| Net Investment Income | $26,104 | $14,699 | $43,967 |
| Distributable Amount | $23,713 | $22,348 | $24,977 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
27 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Historic St Luke's Restoration ($5,000), Ivy Hill Cemetery ($2,000), Isle of Wight County Museum Foundat ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| IVY HILL CEMETERY SMITHFIELD, VA | MAINTENANCE AND UPKEEP | $2,000 |
| HISTORIC ST LUKE'S RESTORATION SMITHFIELD, VA | OLD BRICK CHURCH SCHOOL FIELD TRIP | $5,000 |
| ISLE OF WIGHT COUNTY MUSEUM FOUNDAT SMITHFIELD, VA | SUPPORT LOCAL HISTORY MUSEUM | $2,000 |
| ISLE OF WIGHT ARTS LEAGUE SMITHFIELD, VA | SUMMER CONCERT SERIES | $2,000 |
| ISLE OF WIGHT RESCUE SQUAD SMITHFIELD, VA | GENERAL SUPPORT | $1,000 |
| SMITHFIELD VOLUNTEER FIRE DEPT SMITHFIELD, VA | GENERAL SUPPORT | $1,000 |
| ISLE OF WIGHT CHRISTIAN OUTREACH SMITHFIELD, VA | GENERAL SUPPORT | $2,000 |
| SUNDAYS AT FOUR SMITHFIELD, VA | SUPPORT COMMUNITY MUSIC PROGRAMS | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LUCY G CLAY | Trustee | — | — |
| KAY G REMICK | Trustee | — | — |
| KATHERINE C WILLIS | Trustee | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Howard W and Katherine L Gwaltney?
Howard W and Katherine L Gwaltney is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SMITHFIELD, VA. It holds $390K in total assets as of 2024.
How large is Howard W and Katherine L Gwaltney?
As of 2024, Howard W and Katherine L Gwaltney holds $390K in total assets with $28K in annual revenue. It awarded 8 grants totaling $17K in 2024.
Where does Howard W and Katherine L Gwaltney operate?
Howard W and Katherine L Gwaltney has awarded grants in Virginia.
What size grants does Howard W and Katherine L Gwaltney award?
In 2024, Howard W and Katherine L Gwaltney awarded 8 grants totaling $17K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Howard W and Katherine L Gwaltney required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Howard W and Katherine L Gwaltney reported a distributable amount of $24K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Howard W and Katherine L Gwaltney's EIN?
Howard W and Katherine L Gwaltney's EIN (Employer Identification Number) is 02-6142431. 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.