Norman H Read 1985 Trust

Private foundation · Grantmaker Amarillo, TX EIN: 75-2622754

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.

Your AI grants department

Ready to take the next step with Norman H Read 1985 Trust?

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of all 4 itemized 2026 grant dollars.

Cities

SalemBrooklineBoston

Giving Over Time

Total grant dollars and number of grants per year

$0$2M$4M$6M$8M4 grants20214 grants20224 grants20234 grants20244 grants20254 grants2026

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

Advanced Medical Research: $3.9MAdvanced Medical Research$3.9MMass General Brigham: $1.6MMass General Brigham$1.6MSalem Public Schools: $1.5MSalem Public Schools$1.5MSalem Academy Charter School: $769KSalem Academy Charter School$769K

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

<$50K$50–100K$100–250K$250–500K5$500K–1M15$1–5M$5M+

The most common grant size was in the $1–5M range: 15 grants of 20 (75%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Advanced Medical Research Brookline, MAScientific and Medical Research$3,870,290
Mass General Brigham Salem, MAMedical Research Programs$1,600,000
Salem Public Schools Salem, MAScience Center, Aquarium Ctr, Read$1,501,008
Salem Academy Charter School Salem, MAEducation$769,282

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$5M$10M$15M202120222023202420252026
Metric202620252024
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

  1. Added Form 990-PF for fiscal year 2026 (received by the IRS August 21, 2026)
  2. 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.

Your AI grants department

Here's the math on researching Norman H Read 1985 Trust by hand.

Explore Open Grants

Browse active grant opportunities in Norman H Read 1985 Trust's focus areas in our free grants database

Similar Funders

Funders that support many of the same organizations

Eastern Bank Foundation

Wakefield, MA

Eastern Bank Foundation funds systemic efforts to advance economic inclusion and mobility, including small-business equity, early childhood development, affordable housing, and workforce development. Its programs range from $1,000–$10,000 for Community Donations, up to $15,000 for CITC Grants, and $50,000–$150,000 for Impact Grants; it supports organizations primarily in Massachusetts, New Hampshire, and Rhode Island. The foundation accepts online applications, with no specific submission deadlines stated.

Assets

$266.7M

Grants

1,786

Total Given

$19.0M

Mass General Brigham Incorporated

Somerville, MA

Mass General Brigham supports its tax-exempt healthcare affiliates and community-benefit programs related to health, research, education, and community health. Its 2025 grants ranged from $5,851 to $431.9 million, with a median of $78,189; most funding went to Massachusetts, with the rest in New Hampshire. The profile does not state whether it accepts unsolicited requests.

Health

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’s 2025 grants supported organizations working in education and youth development, family and community support, health, and research, with 59% of grant dollars going to Minnesota and others reaching several states. Grants ranged from $500 to $15,000, with a median of $2,500. It funds only preselected organizations and does not accept unsolicited requests.

Philanthropy, Voluntarism & Grantmaking

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

Edward Jones Foundation

St. Louis, MO

The foundation supports health and human services, community programs, education, the arts, and other charitable work, with most 2022 funding going to Missouri organizations. Its 203 grants ranged from $250 to $3.7 million, with a median of $2,500; it funds only preselected organizations and does not accept unsolicited requests.

Assets

—

Grants

203

Total Given

$15.1M

Advanced Medical Research Foundation

Chestnut Hill, MA

The corporation is organized,and shall be operated, exclusively for the benefit of, to perform the functions of, and to carry out the purposes of, one or more charitable organizations that promote the advancement of medicine, engage in medical and scientific research and promote public education related to the foregoing and that have been recognized by the internal revenue service as organizations described in section 501(c)(3) and as organizations described in either section 509(a)(1) or section 509(a)(2) of the internal revenue code.

Medical Research

Assets

$82.6M

Grants

2

Total Given

$1.6M

President and Fellows of Harvard College

Cambridge, MA

Harvard’s funding supports education and research, including awards to hospitals, research institutes, and universities, with most reported grant dollars going to Massachusetts. Its 2025 grants ranged from $5,002 to $27.4 million, with a median of $123,018; it also lists smaller opportunities for local artists and performers. The profile does not state whether it accepts unsolicited requests.

Assets

$79.9B

Grants

352

Total Given

$273.3M

The Romney Foundation for Children

Holladay, UT

The Romney Foundation for Children made grants to organizations with varied work, with no stated mission or specific funding focus; in 2025, awards ranged from $1,000 to $400,000, with a median of $30,000. Most funding went to Utah, with additional grants in Washington, DC, Massachusetts, California, Michigan, Maryland, and Alabama. It accepts unsolicited requests; the filing lists no special application form or deadline.

Assets

$14.4M

Grants

11

Total Given

$801K

KPMG US Foundation Inc

Montvale, NJ

KPMG US Foundation supports education, mental health, community vitality, and community relief and resilience, with grants distributed across the United States. Its 2025 grants had a median of $25,000, though amounts ranged from about $5,000 to $2.2 million. The available information does not say whether it accepts unsolicited requests.

Assets

$12.4M

Grants

387

Total Given

$33.5M

Communities Foundation of Texas Inc

Dallas, TX

Communities Foundation of Texas funds charitable work in health, wealth, living, and learning, with much of its grantmaking supporting North Texas nonprofits; its 2025 grants had a median of $18,779, though award sizes varied widely. Nearly all opportunities are by invitation, and its Nonprofit Gateway profile is not a grant application.

Philanthropy, Voluntarism & Grantmaking

Assets

$1.2B

Grants

2,209

Total Given

$209.2M

More Funders in Texas

Norman H Read 1985 Trust down — hundreds of funders to go?

Want AI to do this for you?