Patricia E & John D Bassett III
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.
Patricia E & John D Bassett III at a glance
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.
- Annual giving (2025)
- $72,300
- +24.7% vs 2024
- Grants made (2025)
- 24
- +50.0% vs 2024
- Average grant
- $3,013
- -16.9% vs 2024
- Median grant
- $3,000
- Total assets
- $948,950
- +7.7% vs 2024
- New grantees (estimate)
- 33% first-time grantees (8 of 24, 2025; small sample)
- Primary geography
- North Carolina (38% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Patricia E & John D Bassett III
- 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.
- Contact
Mailing address: PO Box 110, Galax, VA 24333
Phone: (276) 238-2211
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Patricia E & John D Bassett III funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was UNICEF ($6K). Together the top 10 received $48K.
Grant Size Distribution
98 grants across all recorded years
The most common grant size was under $50K: 98 grants of 98 (100%).
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
Share of 2025 grant dollars across all 24 itemized grants.
States
Cities
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. With only 24 grantees, that is a small sample: one grantee more or less moves the share by about 4 points. 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $58K (2024) to $79K (2023). In 2025 it made 24 grants totaling $72K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| UNICEF New York, NY | General Fund | $6,000 |
| Alleghany Memorial Hospital Foundation Sparta, NC | General Fund | $5,000 |
| Free Clinic of the Twin Counties Galax, VA | General Fund | $5,000 |
| Hospital for Special Surgery New York, NY | General Fund | $5,000 |
| Jupiter Island Medical Clinic Hobe Sound, FL | General Fund | $5,000 |
| Riverside Preparatory Academy Gainesville, GA | General Fund | $5,000 |
| Roaring Gap Foundation Greensboro, NC | General Fund | $5,000 |
| Roaring Gap Church Roaring Gap, NC | General Fund | $4,000 |
| Washington and Lee University Lexington, VA | General Fund | $4,000 |
| Christ Episcopal Church Sparta, NC | General Fund | $3,500 |
Ready to take the next step with Patricia E & John D Bassett III?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $948,950 | $153,788 | $86,256 | $72,300 | 24 | $75,150 | $139,219 | $78,276 |
| 2024 | $881,418 | $40,802 | $72,406 | $58,000 | 16 | $60,910 | $21,421 | $72,814 |
| 2023 | $913,022 | $61,035 | $91,307 | $79,000 | 22 | $81,280 | $45,215 | $66,224 |
| 2022 | $943,294 | $65,869 | $85,274 | $68,500 | 18 | $73,685 | $48,427 | $74,960 |
| 2021 | $962,699 | $61,654 | $75,755 | $62,000 | 18 | — | $44,844 | $77,208 |
| 2020 | $976,800 | $99,224 | $78,801 | $63,000 | 25 | — | $83,625 | $66,213 |
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.
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.
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.
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 October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
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Cite this profile
Grantable. (2026). Patricia E & John D Bassett III funder profile. GrantGraph. Retrieved October 5, 2026, from https://grantable.co/funders/patricia-e-and-john-d-bassett-iii-morg_137be16ffc584777808df5a6d5bceb94
BibTeX
@misc{grantable_237066445_2026,
author = {{Grantable}},
title = {{Patricia E \& John D Bassett III funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/patricia-e-and-john-d-bassett-iii-morg_137be16ffc584777808df5a6d5bceb94},
note = {Accessed 2026-10-05. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Patricia E & John D Bassett III's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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