Howard W and Katherine L Gwaltney
Howard W and Katherine L Gwaltney is a private foundation, 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.
Howard W and Katherine L Gwaltney at a glance
In short: Howard W and Katherine L Gwaltney gave $17K across 8 grants in 2024 (avg $2K), mostly in Virginia. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $17,000
- +0.0% vs 2023
- Grants made (2024)
- 8
- +0.0% vs 2023
- Average grant
- $2,125
- +0.0% vs 2023
- Median grant
- $2,000
- Total assets
- $389,696
- +1.6% 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 Howard W and Katherine L Gwaltney funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was Historic St Luke's Restoration ($5K). Together the top 8 received $17K.
Grant Size Distribution
27 grants across all recorded years
The most common grant size was under $50K: 27 grants of 27 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
States
Cities
How Howard W and Katherine L Gwaltney gives
- Giving held roughly steady from 2021 to 2024 (+0%). Method
- In 2024 it paid out 83% 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 $17K (2021) to $20K (2022). In 2024 it made 8 grants totaling $17K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Historic St Luke's Restoration Smithfield, VA | Old Brick Church School Field Trip | $5,000 |
| Ivy Hill Cemetery Smithfield, VA | Maintenance and Upkeep | $2,000 |
| 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 Christian Outreach Smithfield, VA | General Support | $2,000 |
| Sundays at Four Smithfield, VA | Support Community Music Programs | $2,000 |
| Isle of Wight Rescue Squad Smithfield, VA | General Support | $1,000 |
| Smithfield Volunteer Fire Dept Smithfield, VA | General Support | $1,000 |
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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 | $389,696 | $28,462 | $22,362 | $17,000 | 8 | $19,800 | $26,104 | $23,713 |
| 2023 | $383,596 | $17,062 | $22,543 | $17,000 | 8 | $19,800 | $14,699 | $22,348 |
| 2022 | $389,077 | $46,460 | $25,503 | $20,000 | 1 | $23,010 | $43,967 | $24,977 |
| 2021 | $368,441 | $40,179 | $21,882 | $17,000 | 4 | — | $38,107 | $21,040 |
| 2020 | $349,823 | $13,430 | $21,297 | $18,000 | 6 | — | $11,382 | $20,664 |
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.
Leadership & Key People
Officers and directors from IRS filings
Howard W and Katherine L Gwaltney's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Katherine C. Willis
Trustee
On filings since 2020
No compensation reported
Kay G. Remick
Trustee
On filings since 2020
No compensation reported
Lucy G. Clay
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.
Frequently asked questions about Howard W and Katherine L Gwaltney
How much does Howard W and Katherine L Gwaltney give each year?
Howard W and Katherine L Gwaltney gave $17K across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $17K across 8 grants.
What is Howard W and Katherine L Gwaltney's typical grant size?
Howard W and Katherine L Gwaltney's median grant in 2024 was $2,000, and its average grant was $2,125, across 8 grants on its 2024 IRS Form 990-PF.
Where does Howard W and Katherine L Gwaltney give grants?
Howard W and Katherine L Gwaltney gives mostly in Virginia: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Smithfield, VA (8 grants).
Does Howard W and Katherine L Gwaltney give general operating support?
Yes: 38% of Howard W and Katherine L Gwaltney's 2024 grants with a stated purpose (3 of 8) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Howard W and Katherine L Gwaltney's largest grantees?
Howard W and Katherine L Gwaltney's largest 2024 grantees include Historic St Luke's Restoration ($5,000), Ivy Hill Cemetery ($2,000) and Isle of Wight County Museum Foundat ($2,000), according to its 2024 IRS Form 990-PF. Together they received 53% of its itemized 2024 grant dollars.
How large is Howard W and Katherine L Gwaltney?
Howard W and Katherine L Gwaltney reported $390K in total assets on its 2024 IRS Form 990-PF. It paid out $20K in qualifying distributions that year, against a required minimum of $24K (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.
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.
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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