James Long Q-tip Trust

COLUMBUS, OH EIN: 31-6620943

James Long Q-tip Trust is a private foundation, based in COLUMBUS, OH. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $246K in total assets. In 2024, it awarded 3 grants totaling $15K. Net investment income was $26K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$246K

+2.4% YoY

Annual Giving

$15K

-41.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$5K

-41.5% YoY

Under IRS private-foundation payout rules, James Long Q-tip Trust reported a distributable amount of $18K for 2024 — the minimum it must pay out in qualifying distributions.

About James Long Q-tip Trust

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $44K (50%)

Ohio $44K (50%)

States

New York Ohio

Cities

ColumbusWest Nyack

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$245,540	$239,756	$242,059
Revenue	$28,146	$29,914	$10,309
Expenses	$22,311	$32,362	$14,246
Qualifying Distributions	$19,212	$30,045	$11,416
Net Investment Income	$25,700	$27,473	$7,960
Distributable Amount	$17,584	$16,105	$16,465

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

15 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include The Salvation Army ($7,725), St James Episcopal Church ($3,863), Indianola Church of Christ ($3,863).

Recipient	Purpose	Amount
THE SALVATION ARMY WEST NYACK, NY	GENERAL OPERATING	$7,725
ST JAMES EPISCOPAL CHURCH COLUMBUS, OH	GENERAL OPERATING	$3,863
INDIANOLA CHURCH OF CHRIST COLUMBUS, OH	GENERAL SUPPORT	$3,863

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
HUNTINGTON NATIONAL BANK	TRUSTEE	1	$4,823

Frequently Asked Questions

How large is James Long Q-tip Trust?

As of 2024, James Long Q-tip Trust holds $246K in total assets with $28K in annual revenue. It awarded 3 grants totaling $15K in 2024.

Where does James Long Q-tip Trust operate?

James Long Q-tip Trust has awarded grants in New York, Ohio.

What size grants does James Long Q-tip Trust award?

In 2024, James Long Q-tip Trust awarded 3 grants totaling $15K — an average of about $5K per grant, based on its IRS Form 990 filings.

How much is James Long Q-tip Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, James Long Q-tip Trust reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.