Patricia E & John D Bassett III

Private foundation · Grantmaker Galax, VA EIN: 23-7066445
EducationReligionHuman servicesYouth development

Patricia E & John D Bassett III is a private foundation based in Galax, Virginia. It reported making 24 grants totaling $72,300 in 2025, supporting charitable organizations in several states.

Key facts about Patricia E & John D Bassett III

In short: Patricia E & John D Bassett III gave $72K across 24 grants in 2025 (avg $3K), top state North Carolina. 33% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.

EIN
23-7066445
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$72,300
Grants made (2025)
24
Average grant
$3,013
Median grant
$3,000
New grantees (estimate)
33% first-time grantees (8 of 24, 2025)
Total assets
$948,950
Primary geography
North Carolina (38% of itemized 2025 grant dollars)
Accepts unsolicited proposals
No
How to apply
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓

Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$949K

+7.7% YoY

Annual Giving

$72K

+24.7% YoY

Grant Count

24

+50.0% YoY

Avg Grant Size

$3K

-16.9% YoY

Under IRS private-foundation payout rules, Patricia E & John D Bassett III reported a distributable amount of $78K for 2025 — the minimum it must pay out in qualifying distributions.

Is Patricia E & John D Bassett III open to new grantees?

33%

first-time grantees, 2025

In 2025, 8 of 24 grantees (33%) were first-time recipients. First grants averaged $3K; repeat grants $3K. How we count

Medians: $1K first-time, $3K repeat.

  • 58% of 2025 grantees were also funded in 2024. Method
  • Giving held roughly steady from 2022 to 2025 (+6%). Method
  • In 2025 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

No mission statement for the foundation is provided. Its 2025 grants went to organizations including hospitals and medical services, a community chest, educational institutions, churches, a volunteer fire department, and other charitable organizations. For example, Alleghany Memorial Hospital Foundation says its purpose is to provide continuing financial support to improve healthcare services in Alleghany and surrounding counties. Jupiter Island Medical Clinic says it provides medical services regardless of patients’ ability to pay, while Hobe Sound Community Chest describes its mission as funding programs that promote the social and educational well-being of Hobe Sound residents in need.

Grantmaking

In 2025, the foundation gave $72,300 through 24 grants. Grants ranged from $300 to $6,000, with a median grant of $3,000. The largest grants included $6,000 to UNICEF; $5,000 each to Alleghany Memorial Hospital Foundation, Free Clinic of the Twin Counties, Hospital for Special Surgery, Jupiter Island Medical Clinic, Riverside Preparatory Academy, and Roaring Gap Foundation; and $4,000 each to Roaring Gap Church and Washington and Lee University. These grants were listed for general fund purposes.

How to Apply

The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.

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Geographic Focus

Where this funder awards grants

In 2025, grant dollars were distributed among recipients in North Carolina (38%), Florida (21%), Virginia (17%), New York (15%), and Georgia (7%).

Grant Distribution by State

11states

Share of 2025 grant dollars across all 24 itemized grants.

Cities

Hobe SoundSpartaGalaxBassettGreensboroMartinsvilleJupiterLexingtonRoaring GapWinston-SalemAthensGlade ValleyNew YorkResearch Triangle ParkWashingtonArlingtonCharlotteChicagoDanvilleEmory

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K$80K25 grants2020 18 grants2021 18 grants2022 22 grants2023 16 grants2024 24 grants2025

From 2020 to 2025, annual grant giving ranged from $58K (2024) to $79K (2023). In 2025 it made 24 grants totaling $72K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

UNICEF: $6KUNICEF$6KAlleghany Memorial Hospital Foundation: $5KAlleghany Memorial HospitalFoundation$5KFree Clinic of the Twin Counties: $5KFree Clinic of the TwinCounties$5KHospital for Special Surgery: $5KHospital for Special Surgery$5KJupiter Island Medical Clinic: $5KJupiter Island Medical Clinic$5KRiverside Preparatory Academy: $5KRiverside Preparatory Academy$5KRoaring Gap Foundation: $5KRoaring Gap Foundation$5KRoaring Gap Church: $4KRoaring Gap Church$4KWashington and Lee University: $4KWashington and Lee University$4KChrist Episcopal Church: $4KChrist Episcopal Church$4K

The largest 2025 recipient was UNICEF ($6K). Together the top 10 received $48K.

Grant Size Distribution

98 grants across all recorded years

98<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 98 grants of 98 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
UNICEF New York, NYGeneral Fund$6,000
Alleghany Memorial Hospital Foundation Sparta, NCGeneral Fund$5,000
Free Clinic of the Twin Counties Galax, VAGeneral Fund$5,000
Hospital for Special Surgery New York, NYGeneral Fund$5,000
Jupiter Island Medical Clinic Hobe Sound, FLGeneral Fund$5,000
Riverside Preparatory Academy Gainesville, GAGeneral Fund$5,000
Roaring Gap Foundation Greensboro, NCGeneral Fund$5,000
Roaring Gap Church Roaring Gap, NCGeneral Fund$4,000
Washington and Lee University Lexington, VAGeneral Fund$4,000
Christ Episcopal Church Sparta, NCGeneral Fund$3,500

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants Grant count
2025 $948,950 $153,788 $86,256 $72,300 24
2024 $881,418 $40,802 $72,406 $58,000 16
2023 $913,022 $61,035 $91,307 $79,000 22
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K$200K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$948,950$881,418$913,022
Revenue$153,788$40,802$61,035
Expenses$86,256$72,406$91,307
Qualifying Distributions$75,150$60,910$81,280
Net Investment Income$139,219$21,421$45,215
Distributable Amount$78,276$72,814$66,224

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2025

Leadership & Key People

Leadership team and compensation from IRS filings

The 2025 filing lists John D Bassett III as president and Patricia E Bassett as secretary. It lists John D Bassett IV, Frances B Poole, Wyatt P Bassett, Ashton Poole, and Ellen Bassett as vice-presidents.

Patricia E & John D Bassett III is led by John D. Bassett III, President on every filing since 2020; none of the 7 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • John D. Bassett III

    President

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Ellen Bassett

    Vice President

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Frances B. Poole

    Vice President

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • John D. Bassett IV

    Vice President

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Patricia E. Bassett

    Secretary

    On filings since 2020

    1 hr/week

    No compensation reported

  • Wyatt P. Bassett

    Vice President

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Ashton Poole

    Vice President

    On filings since 2022

    0.5 hrs/week

    No compensation reported

Former officers (1)
  • Former: E. Ashton Poole (2020–2021) — Vice President

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Contact

Mailing address: PO Box 110, Galax, VA 24333
Phone: (276) 238-2211

Frequently asked questions about Patricia E & John D Bassett III

How much does Patricia E & John D Bassett III give each year?

Patricia E & John D Bassett III gave $72K across 24 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $58K across 16 grants.

What is Patricia E & John D Bassett III's typical grant size?

Patricia E & John D Bassett III's median grant in 2025 was $3,000, and its average grant was $3,013, across 24 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Patricia E & John D Bassett III that year got $3K on average.

Where does Patricia E & John D Bassett III give grants?

Patricia E & John D Bassett III's top state is North Carolina, with 38% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Florida (21%) and Virginia (17%). The most frequent recipient cities were Hobe Sound, FL (5 grants), Sparta, NC (3 grants), New York, NY (2 grants) and Martinsville, VA (2 grants).

Does Patricia E & John D Bassett III give general operating support?

Yes: 100% of Patricia E & John D Bassett III's 2025 grants with a stated purpose (24 of 24) were for general or operating support, per its 2025 IRS Form 990-PF.

Who are Patricia E & John D Bassett III's largest grantees?

Patricia E & John D Bassett III's largest 2025 grantees include UNICEF ($6,000), Alleghany Memorial Hospital Foundation ($5,000) and Free Clinic of the Twin Counties ($5,000), according to its 2025 IRS Form 990-PF. Together they received 22% of its itemized 2025 grant dollars.

How large is Patricia E & John D Bassett III?

Patricia E & John D Bassett III reported $949K in total assets on its 2025 IRS Form 990-PF. It paid out $75K in qualifying distributions that year, against a required minimum of $78K (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 does Patricia E & John D Bassett III fund?

No mission statement for the foundation is provided. Its 2025 grants went to organizations including hospitals and medical services, a community chest, educational institutions, churches, a volunteer fire department, and other charitable organizations. See mission & focus areas ↑

How do I apply for a grant from Patricia E & John D Bassett III?

The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is Patricia E & John D Bassett III's EIN?

Patricia E & John D Bassett III's EIN (Employer Identification Number) is 23-7066445. IRS Form 990 filing data is available on this page for 2020–2025.

Does Patricia E & John D Bassett III accept unsolicited proposals?

No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑

Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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