Lucy D Gillett Tua

DALLAS, TX EIN: 04-6021103

Lucy D Gillett Tua is a private foundation, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $960K in total assets. In 2024, it awarded 4 grants totaling $47K. Net investment income was $86K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$960K

+3.4% YoY

Annual Giving

$47K

+37.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$12K

+37.0% YoY

Under IRS private-foundation payout rules, Lucy D Gillett Tua reported a distributable amount of $54K for 2024 — the minimum it must pay out in qualifying distributions.

About Lucy D Gillett Tua

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $228K (100%)

States

Massachusetts

Cities

Springfield

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$960,400	$929,150	$949,287
Revenue	$98,214	$31,123	$-19,636
Expenses	$65,947	$50,926	$75,130
Qualifying Distributions	$53,909	$40,517	$59,375
Net Investment Income	$85,565	$17,715	$8,414
Distributable Amount	$54,251	$49,402	$50,751

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Grant Size Distribution

20 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Springfield Boys Club Inc ($11,775), Ymca of Greater Springfield Inc ($11,775), Springfield College ($11,775).

Recipient	Purpose	Amount
SPRINGFIELD BOYS CLUB INC SPRINGFIELD, MA	UNRESTRICTED GENERAL	$11,775
YMCA OF GREATER SPRINGFIELD INC SPRINGFIELD, MA	UNRESTRICTED GENERAL	$11,775
SPRINGFIELD COLLEGE SPRINGFIELD, MA	UNRESTRICTED GENERAL	$11,775
BAYSTATE HEALTH FOUNDATION INC SPRINGFIELD, MA	UNRESTRICTED GENERAL	$11,775

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	$15,684

Frequently Asked Questions

How large is Lucy D Gillett Tua?

As of 2024, Lucy D Gillett Tua holds $960K in total assets with $98K in annual revenue. It awarded 4 grants totaling $47K in 2024.

Where does Lucy D Gillett Tua operate?

Lucy D Gillett Tua has awarded grants in Massachusetts.

What size grants does Lucy D Gillett Tua award?

In 2024, Lucy D Gillett Tua awarded 4 grants totaling $47K — an average of about $12K per grant, based on its IRS Form 990 filings.

How much is Lucy D Gillett Tua required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Lucy D Gillett Tua reported a distributable amount of $54K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.