Lucy and Emily Beasley Charitable Trust
Lucy and Emily Beasley Charitable Trust is a private foundation focused on Education, based in Cleveland, OH. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $6.2M in total assets. In 2024, it awarded 16 grants totaling $320K. Net investment income was $213K.
Key facts about Lucy and Emily Beasley Charitable Trust
- EIN
- 34-1350747
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $320,000
- Grants made (2024)
- 16
- Average grant
- $20,000
- Median grant
- $14,000
- New grantees (estimate)
- 0% first-time grantees (0 of 16, 2024)
- Total assets
- $6,164,759
- Primary geography
- Ohio (68% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Lucy and Emily Beasley Charitable Trust funds
By grant dollars, the top recipient states for Lucy and Emily Beasley Charitable Trust's 16 itemized 2024 grants were Ohio (68%) and Kentucky (31%). The most frequent recipient cities were Akron, OH (12 grants). 94% of grants with a stated purpose were for general or operating support.
Is Lucy and Emily Beasley Charitable Trust open to new grantees?
0%
first-time grantees, 2024
In 2024, 0 of 16 grantees (0%) were first-time recipients. How we count
- 94% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−8%). Method
- In 2024 it paid out 97% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2019–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Lucy and Emily Beasley Charitable Trust
- How to evaluate Lucy and Emily Beasley Charitable Trust as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.2M
-2.4% YoY
Annual Giving
$320K
+1.6% YoY
Grant Count
16
+6.7% YoY
Avg Grant Size
$20K
-4.8% YoY
Under IRS private-foundation payout rules, Lucy and Emily Beasley Charitable Trust reported a distributable amount of $368K for 2024 — the minimum it must pay out in qualifying distributions.
About Lucy and Emily Beasley Charitable Trust
Based on IRS filings
Lucy and Emily Beasley Charitable Trust is a private foundation focused on Education, based in Cleveland, OH. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $6.2M in total assets. In 2024, it awarded 16 grants totaling $320K. Net investment income was $213K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 16 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,164,759 | $6,315,218 | $6,337,328 |
| Revenue | $318,368 | $452,254 | $505,757 |
| Expenses | $468,827 | $474,364 | $516,592 |
| Qualifying Distributions | $358,726 | $357,691 | $395,563 |
| Net Investment Income | $212,554 | $342,923 | $393,189 |
| Distributable Amount | $368,340 | $340,650 | $374,248 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2019–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
88 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Cumberland College ($100,000), Boys and Girls Club of the Western Reserve ($35,000), Open M ($33,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CUMBERLAND COLLEGE Williamsburg, KY | GENERAL | $100,000 |
| BOYS AND GIRLS CLUB OF THE WESTERN RESERVE Akron, OH | GENERAL | $35,000 |
| OPEN M Akron, OH | GENERAL | $33,000 |
| THE SALVATION ARMY Akron, OH | GENERAL | $30,000 |
| BROKEN CHAINS MINISTRY Akron, OH | GENERAL | $24,000 |
| ACCESS Akron, OH | GENERAL | $15,000 |
| CASAGAL PROGRAM OF SUMMIT COUNTY Akron, OH | GENERAL | $15,000 |
| FAMILY PROMISE OF SUMMIT COUNTY Akron, OH | GENERAL | $15,000 |
| BATTERED WOMEN'S SHELTER Akron, OH | GENERAL | $13,000 |
| AKRON ROTARY FOUNDATION Akron, OH | ROTARY HANDICAPPED CHILDREN'S CAMP | $9,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Howard W Cable Jr | Trustee | 3 | $70,814 |
| Gay W Cable | Board Member | 2 | $13,000 |
| Howard W Cable III | Board Member | 2 | $13,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Lucy and Emily Beasley Charitable Trust?
Lucy and Emily Beasley Charitable Trust is a private foundation focused on Education, based in Cleveland, OH. It holds $6.2M in total assets as of 2024.
How large is Lucy and Emily Beasley Charitable Trust?
As of 2024, Lucy and Emily Beasley Charitable Trust holds $6.2M in total assets with $318K in annual revenue. It awarded 16 grants totaling $320K in 2024.
Where does Lucy and Emily Beasley Charitable Trust operate?
Lucy and Emily Beasley Charitable Trust has awarded grants in Kentucky, Ohio, Tennessee.
What size grants does Lucy and Emily Beasley Charitable Trust award?
In 2024, Lucy and Emily Beasley Charitable Trust awarded 16 grants totaling $320K — an average of about $20K per grant, based on its IRS Form 990 filings.
How much is Lucy and Emily Beasley Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lucy and Emily Beasley Charitable Trust reported a distributable amount of $368K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lucy and Emily Beasley Charitable Trust's EIN?
Lucy and Emily Beasley Charitable Trust's EIN (Employer Identification Number) is 34-1350747. IRS Form 990 filing data is available on this page for 2019–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.