Norman H Read 1985 Trust
Norman H Read 1985 Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AMARILLO, TX. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $70.2M in total assets. In 2025, it awarded 4 grants totaling $6.9M. Net investment income was $9.1M.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$70.2M
+2.5% YoY
Annual Giving
$6.9M
+15.0% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$1.7M
+15.0% YoY
Under IRS private-foundation payout rules, Norman H Read 1985 Trust reported a distributable amount of $7.1M for 2025 — the minimum it must pay out in qualifying distributions.
About Norman H Read 1985 Trust
Based on IRS filings
Norman H Read 1985 Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AMARILLO, TX. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $70.2M in total assets. In 2025, it awarded 4 grants totaling $6.9M. Net investment income was $9.1M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $70,192,060 | $68,461,566 | $65,512,491 |
| Revenue | $9,952,525 | $10,276,129 | $11,265,304 |
| Expenses | $8,222,031 | $7,327,054 | $6,775,582 |
| Qualifying Distributions | $7,197,314 | $6,258,737 | $5,760,441 |
| Net Investment Income | $9,052,863 | $9,385,240 | $10,376,194 |
| Distributable Amount | $7,102,100 | $6,321,409 | $5,867,198 |
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 2025
Grant Size Distribution
20 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Advanced Medical Research ($3,458,480), Salem Public Schools ($1,440,680), Mass General Brigham ($1,260,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SALEM PUBLIC SCHOOLS SALEM, MA | SCIENCE CENTER, AQUARIUM CTR, READ | $1,440,680 |
| ADVANCED MEDICAL RESEARCH BROOKLINE, MA | SCIENTIFIC AND MEDICAL RESEARCH | $3,458,480 |
| SALEM ACADEMY CHARTER SCHOOL SALEM, MA | EDUCATION | $756,800 |
| MASS GENERAL BRIGHAM SALEM, MA | MEDICAL RESEARCH PROGRAMS | $1,260,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NILE L ALBRIGHT | CO-TRUSTEE | 10 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Norman H Read 1985 Trust?
Norman H Read 1985 Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AMARILLO, TX. It holds $70.2M in total assets as of 2025.
How large is Norman H Read 1985 Trust?
As of 2025, Norman H Read 1985 Trust holds $70.2M in total assets with $10.0M in annual revenue. It awarded 4 grants totaling $6.9M in 2025.
Where does Norman H Read 1985 Trust operate?
Norman H Read 1985 Trust has awarded grants in Massachusetts.
What size grants does Norman H Read 1985 Trust award?
In 2025, Norman H Read 1985 Trust awarded 4 grants totaling $6.9M — an average of about $1.7M per grant, based on its IRS Form 990 filings.
How much is Norman H Read 1985 Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Norman H Read 1985 Trust reported a distributable amount of $7.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2021–2025.
Explore Open Grants
Browse active grant opportunities in Norman H Read 1985 Trust's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.