Robert and Clara Patterson Trust
The Robert and Clara Patterson Trust is a private foundation established in 1984, located in Dallas, Texas. The trust operates as a 501(c)(3) private foundation with a single employee and is administered by Bank of America as trustee.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$26.3M
+10.9% YoY
Annual Giving
$1.1M
-28.0% YoY
Grant Count
4
-33.3% YoY
Avg Grant Size
$275K
+8.0% YoY
Mission & Focus Areas
The trust's grantmaking focuses on education, health care, and philanthropy/voluntarism. Primary funding areas include medical research and unrestricted general support for healthcare institutions.
Grantmaking
No specific application procedures are documented in available sources.
How to Apply
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Geographic Focus
Where this funder awards grants
The trust primarily funds organizations in Connecticut, Rhode Island, and New Jersey, with a particular concentration in Rhode Island.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of January 2024:
- Total assets: $26,316,918
- Total revenues: $422,782
- Total expenses: $1,828,113
- Investment income and dividends: $550,823
- Net gain/loss from sale of non-inventory assets: -$189,355
Revenue Composition: The trust's revenues are primarily derived from investment income and dividends rather than contributions.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $26,316,918 | $23,737,932 | $24,958,323 |
| Revenue | $3,743,456 | $422,782 | $-1,079,005 |
| Expenses | $1,494,223 | $1,828,113 | $1,399,323 |
| Qualifying Distributions | $1,311,938 | $1,712,772 | $1,306,928 |
| Net Investment Income | $3,601,460 | $431,532 | $371,297 |
| Distributable Amount | $1,565,971 | $1,412,291 | $1,372,233 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
Grant Size Distribution
24 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BANK OF AMERICA | TRUSTEE | 1 | $104,514 |
Recent News & Activity
Recent developments and announcements
The trust made grants to Rhode Island Hospital and The Miriam Hospital in early 2024, demonstrating continued active grantmaking focused on healthcare institutions in the Northeast.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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