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.
Key facts about Norman H Read 1985 Trust
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.
- EIN
- 75-2622754
- Latest 990 filing
- Form 990-PF, 2026
- Annual giving (2026)
- $7,740,580
- Grants made (2026)
- 4
- Average grant
- $1,935,145
- Median grant
- $1,550,504
- Total assets
- $70,567,324
- Primary geography
- Massachusetts (100% of itemized 2026 grant dollars)
Data from IRS Form 990-PF, 2026; updated September 2026.
Financial Overview
From 2026 IRS Form 990-PF · View filing
Total Assets
$70.6M
+0.5% YoY
Annual Giving
$7.7M
+11.9% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$1.9M
+11.9% YoY
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.
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 4 itemized 2026 grant dollars.
States
Cities
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.
Grant Insights
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%).
Giving History
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 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2026 | 2025 | 2024 |
|---|---|---|---|
| Total Assets | $70,567,324 | $70,192,060 | $68,461,566 |
| Revenue | $9,549,838 | $9,952,525 | $10,276,129 |
| Expenses | $9,174,574 | $8,222,031 | $7,327,054 |
| Qualifying Distributions | $8,052,872 | $7,197,314 | $6,258,737 |
| Net Investment Income | $8,551,471 | $9,052,863 | $9,385,240 |
| Distributable Amount | $8,286,503 | $7,102,100 | $6,321,409 |
Data update history
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
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).
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.
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