Patricia E & John D Bassett Iii
Patricia E & John D Bassett Iii is a private foundation focused on Education, based in GALAX, VA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $949K in total assets. In 2025, it awarded 24 grants totaling $72K. Net investment income was $139K.
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.
About Patricia E & John D Bassett Iii
Based on IRS filings
Patricia E & John D Bassett Iii is a private foundation focused on Education, based in GALAX, VA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $949K in total assets. In 2025, it awarded 24 grants totaling $72K. Net investment income was $139K.
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 | $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 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
98 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Unicef ($6,000), Alleghany Memorial Hospital Foundation ($5,000), Free Clinic of the Twin Counties ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALLEGHANY MEMORIAL HOSPITAL FOUNDATION SPARTA, NC | GENERAL FUND | $5,000 |
| BANNER LAKE CLUB HOBE SOUND, FL | GENERAL FUND | $2,000 |
| BOYS AND GIRLS CLUB OF MARTIN COUNTY HOBE SOUND, FL | GENERAL FUND | $2,500 |
| CHERRY LANE VOLUNTEER FIRE DEPARTMENT GLADE VALLEY, NC | GENERAL FUND | $3,000 |
| CHRIST EPISCOPAL CHURCH SPARTA, NC | GENERAL FUND | $3,500 |
| CHRIST MEMORIAL CHAPEL SPARTA, NC | GENERAL FUND | $2,000 |
| FREE CLINIC OF THE TWIN COUNTIES GALAX, VA | GENERAL FUND | $5,000 |
| HOBE SOUND COMMUNITY CHEST HOBE SOUND, FL | GENERAL FUND | $3,000 |
| HOSPITAL FOR SPECIAL SURGERY NEW YORK, NY | GENERAL FUND | $5,000 |
| JUPITER ISLAND MEDICAL CLINIC HOBE SOUND, FL | GENERAL FUND | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN D BASSETT III | PRESIDENT | 0.5 | — |
| PATRICIA E BASSETT | SECRETARY | 1 | — |
| JOHN D BASSETT IV | VICE-PRESIDENT | 0.5 | — |
| FRANCES B POOLE | VICE-PRESIDENT | 0.5 | — |
| WYATT P BASSETT | VICE-PRESIDENT | 0.5 | — |
| ASHTON POOLE | VICE-PRESIDENT | 0.5 | — |
| ELLEN BASSETT | VICE-PRESIDENT | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Patricia E & John D Bassett Iii?
Patricia E & John D Bassett Iii is a private foundation focused on Education, based in GALAX, VA. It holds $949K in total assets as of 2025.
How large is Patricia E & John D Bassett Iii?
As of 2025, Patricia E & John D Bassett Iii holds $949K in total assets with $154K in annual revenue. It awarded 24 grants totaling $72K in 2025.
Where does Patricia E & John D Bassett Iii operate?
Patricia E & John D Bassett Iii has awarded grants in District of Columbia, Florida, Georgia, Hawaii, Illinois, North Carolina, New York, Tennessee, Texas, Virginia, West Virginia.
What size grants does Patricia E & John D Bassett Iii award?
In 2025, Patricia E & John D Bassett Iii awarded 24 grants totaling $72K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Patricia E & John D Bassett Iii required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Patricia E & John D Bassett Iii reported a distributable amount of $78K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.