Paine Charitable Trust Ua

DALLAS, TX EIN: 04-6036990

Paine Charitable Trust Ua is a private foundation, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.4M in total assets. In 2024, it awarded 5 grants totaling $280K. Net investment income was $492K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$5.4M

+3.5% YoY

Annual Giving

$280K

+33.4% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$56K

+33.4% YoY

Under IRS private-foundation payout rules, Paine Charitable Trust Ua reported a distributable amount of $307K for 2024 — the minimum it must pay out in qualifying distributions.

About Paine Charitable Trust Ua

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $1.4M (100%)

States

Massachusetts

Cities

Worcester

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$5,388,029	$5,205,911	$5,310,481
Revenue	$543,086	$169,728	$-108,766
Expenses	$355,257	$272,169	$388,918
Qualifying Distributions	$304,364	$231,641	$337,672
Net Investment Income	$492,346	$127,812	$70,045
Distributable Amount	$307,075	$279,593	$286,214

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Grant Size Distribution

25 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Worcester Art Museum ($138,000), American Antiquarian Society ($138,000), Worcester Natural History Soc ($3,000).

Recipient	Purpose	Amount
WORCESTER ART MUSEUM WORCESTER, MA	UNRESTRICTED GENERAL	$138,000
AMERICAN ANTIQUARIAN SOCIETY WORCESTER, MA	UNRESTRICTED GENERAL	$138,000
WORCESTER HISTORICAL MUSEUM WORCESTER, MA	UNRESTRICTED GENERAL	$500
WORCESTER NATURAL HISTORY SOC WORCESTER, MA	UNRESTRICTED GENERAL	$3,000
FIRST UNITARIAN CHURCH WORCESTER, MA	UNRESTRICTED GENERAL	$500

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	$59,572

Frequently Asked Questions

How large is Paine Charitable Trust Ua?

As of 2024, Paine Charitable Trust Ua holds $5.4M in total assets with $543K in annual revenue. It awarded 5 grants totaling $280K in 2024.

Where does Paine Charitable Trust Ua operate?

Paine Charitable Trust Ua has awarded grants in Massachusetts.

What size grants does Paine Charitable Trust Ua award?

In 2024, Paine Charitable Trust Ua awarded 5 grants totaling $280K — an average of about $56K per grant, based on its IRS Form 990 filings.

How much is Paine Charitable Trust Ua required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Paine Charitable Trust Ua reported a distributable amount of $307K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.