Laura R & William M Corbett Trust

DALLAS, TX EIN: 57-0685862

Laura R & William M Corbett Trust is a private foundation focused on Education, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it awarded 1 grants totaling $208K. Net investment income was $207K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.5M

-0.8% YoY

Annual Giving

$208K

-8.4% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$208K

-8.4% YoY

Under IRS private-foundation payout rules, Laura R & William M Corbett Trust reported a distributable amount of $189K for 2024 — the minimum it must pay out in qualifying distributions.

About Laura R & William M Corbett Trust

Based on IRS filings

Focus Areas

Education

Ready to take the next step with Laura R & William M Corbett Trust?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

South Carolina $1.1M (100%)

States

South Carolina

Cities

Columbia

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,455,567	$2,475,608	$2,661,522
Revenue	$237,139	$82,812	$-36,227
Expenses	$254,759	$270,561	$303,309
Qualifying Distributions	$224,307	$243,154	$266,283
Net Investment Income	$206,658	$49,053	$34,986
Distributable Amount	$188,622	$224,165	$244,193

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 University of Sc Educational Fdn ($208,074).

Recipient	Purpose	Amount
UNIVERSITY OF SC EDUCATIONAL FDN COLUMBIA, SC	LAURA & WILLIAM CORBETT	$208,074

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BANK OF AMERICA	TRUSTEE	1	$39,332

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is Laura R & William M Corbett Trust?

Laura R & William M Corbett Trust is a private foundation focused on Education, based in DALLAS, TX. It holds $2.5M in total assets as of 2024.

How large is Laura R & William M Corbett Trust?

As of 2024, Laura R & William M Corbett Trust holds $2.5M in total assets with $237K in annual revenue. It awarded 1 grants totaling $208K in 2024.

Where does Laura R & William M Corbett Trust operate?

Laura R & William M Corbett Trust has awarded grants in South Carolina.

What size grants does Laura R & William M Corbett Trust award?

In 2024, Laura R & William M Corbett Trust awarded 1 grants totaling $208K — an average of about $208K per grant, based on its IRS Form 990 filings.

How much is Laura R & William M Corbett Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Laura R & William M Corbett Trust reported a distributable amount of $189K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Laura R & William M Corbett Trust's EIN?

Laura R & William M Corbett Trust's EIN (Employer Identification Number) is 57-0685862. IRS Form 990 filing data is available on this page for 2020–2024.