Norman H Read 1985 Trust
Norman H Read 1985 Trust is a private foundation, based in Amarillo, TX. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $70.6M in total assets. In 2026, it awarded 4 grants totaling $7.7M. Net investment income was $8.6M.
Norman H Read 1985 Trust at a glance
In short: Norman H Read 1985 Trust gave $7.7M across 4 grants in 2026 (avg $1.9M), mostly in Massachusetts. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $7,740,580
- +11.9% vs 2025
- Grants made (2026)
- 4
- +0.0% vs 2025
- Average grant
- $1,935,145
- +11.9% vs 2025
- Median grant
- $1,550,504
- Total assets
- $70,567,324
- +0.5% vs 2025
- Primary geography
- Massachusetts (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who Norman H Read 1985 Trust funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2026
The largest 2026 recipient was Advanced Medical Research ($3.9M). Together the top 4 received $7.7M.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was in the $1–5M range: 15 grants of 20 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 4 itemized grants.
States
Cities
How Norman H Read 1985 Trust gives
- Giving grew 40% from 2023 to 2026. Method
- In 2026 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
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 2021 to 2026, annual grant giving ranged from $5.5M (2023) to $7.7M (2026). In 2026 it made 4 grants totaling $7.7M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Advanced Medical Research Brookline, MA | Scientific and Medical Research | $3,870,290 |
| Mass General Brigham Salem, MA | Medical Research Programs | $1,600,000 |
| Salem Public Schools Salem, MA | Science Center, Aquarium Ctr, Read | $1,501,008 |
| Salem Academy Charter School Salem, MA | Education | $769,282 |
Ready to take the next step with Norman H Read 1985 Trust?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2026 | $70,567,324 | $9,549,838 | $9,174,574 | $7,740,580 | 4 | $8,052,872 | $8,551,471 | $8,286,503 |
| 2025 | $70,192,060 | $9,952,525 | $8,222,031 | $6,915,960 | 4 | $7,197,314 | $9,052,863 | $7,102,100 |
| 2024 | $68,461,566 | $10,276,129 | $7,327,054 | $6,012,800 | 4 | $6,258,737 | $9,385,240 | $6,321,409 |
| 2023 | $65,512,491 | $11,265,304 | $6,775,582 | $5,515,856 | 4 | $5,760,441 | $10,376,194 | $5,867,198 |
| 2022 | $61,022,769 | $8,703,971 | $6,816,588 | $5,848,446 | 4 | $6,110,981 | $7,985,280 | $6,462,445 |
| 2021 | $59,135,386 | $7,014,459 | $7,367,820 | $6,170,611 | 4 | — | $6,075,599 | $5,949,687 |
Under IRS private-foundation payout rules, Norman H Read 1985 Trust reported a distributable amount of $8.3M for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Norman H Read 1985 Trust is led by Nile L. Albright, Co-Trustee since 2022 (on filings since 2021) — the only officer listed, and uncompensated.
Officers on the 2026 filing
Nile L. Albright
Co-Trustee
Co -Trustee → Co-Trustee, 2022
On filings since 2021
10 hrs/week
$134K (2021) → $0 (2026)
Data from IRS Form 990 filings, 2021–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
No officer or director reported compensation in the available filings.
Frequently asked questions about Norman H Read 1985 Trust
How much does Norman H Read 1985 Trust give each year?
Norman H Read 1985 Trust gave $7.7M across 4 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $6.9M across 4 grants.
What is Norman H Read 1985 Trust's typical grant size?
Norman H Read 1985 Trust's median grant in 2026 was $1,550,504, and its average grant was $1,935,145, across 4 grants on its 2026 IRS Form 990-PF.
Where does Norman H Read 1985 Trust give grants?
Norman H Read 1985 Trust gives mostly in Massachusetts: 100% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Salem, MA (3 grants).
Does Norman H Read 1985 Trust give general operating support?
Not in 2026: none of the 4 grants with a stated purpose on Norman H Read 1985 Trust's 2026 IRS Form 990-PF were described as general or operating support.
How large is Norman H Read 1985 Trust?
Norman H Read 1985 Trust reported $70.6M in total assets on its 2026 IRS Form 990-PF. It paid out $8.1M in qualifying distributions that year, against a required minimum of $8.3M (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 Norman H Read 1985 Trust's EIN?
Norman H Read 1985 Trust's EIN (Employer Identification Number) is 75-2622754. IRS Form 990 filing data is available on this page for 2021–2026.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS August 21, 2026)
- IRS filings on file for fiscal years 2021–2025
Live grants for the work Norman H Read 1985 Trust funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Norman H Read 1985 Trust's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Texas
Eastern Bank Foundation
Wakefield, MA
Eastern Bank Foundation supports economic inclusion and mobility, including small businesses, early childhood development, affordable housing, and workforce development. Its 2025 grants ranged from $50 to $2,002,500, with a median of $2,500, primarily in Massachusetts and also in New Hampshire and Rhode Island. It accepts online applications and does not limit giving to preselected organizations.
Assets
$266.7M
Grants
1,786
Total Given
$19.0M
Mass General Brigham Incorporated & Affiliates Group Return
Somerville, MA
Mass General Brigham funds affiliated hospitals and medical groups, along with community health and other community-benefit work addressing health access and disparities. Its 2025 grants ranged from $5,851 to $431.9 million, with a median of $78,189; most funding went to Massachusetts and New Hampshire. The profile does not state whether it accepts unsolicited requests.
Assets
$32.2B
Grants
164
Total Given
$1.4B
Ima Foundation
Wichita, KS
Assets
$11.4M
Grants
602
Total Given
$831K
The Samuel Salmanson Foundation
Chestnut Hill, MA
Assets
$379K
Grants
13
Total Given
$14K
AB CarVal Foundation
Minneapolis, MN
AB CarVal Foundation funds organizations serving vulnerable people, with a focus on education and leadership, poverty relief, and health and research. Its 2025 grants ranged from $500 to $15,000, with a median of $2,500; most funding went to Minnesota, though it also funded organizations in other states. It gives only to preselected charities and does not accept unsolicited requests.
Assets
$905
Grants
43
Total Given
$144K
The Florence S Mahoney Foundation
Washington, DC
The Florence S Mahoney Foundation supports a range of charitable work, including food and shelter, education, health and nutrition, community services, and animal rescue, with grants to organizations in California and other states. Its 2025 grants ranged from $1,000 to $10,000, with a median of $5,000. It accepts written requests, and the filing lists no deadlines.
Assets
$3.3M
Grants
31
Total Given
$150K
More similar funders
More Funders in Texas
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Norman H Read 1985 Trust's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Norman H Read 1985 Trust down — hundreds of funders to go?