Roy L Sharpe Trust
Roy L Sharpe Trust is a private foundation, based in Dallas, TX. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 6 grants totaling $53K. Net investment income was $70K.
Roy L Sharpe Trust at a glance
In short: Roy L Sharpe Trust gave $53K across 6 grants in 2024 (avg $9K), mostly in Arkansas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $53,424
- +2.5% vs 2023
- Grants made (2024)
- 6
- +0.0% vs 2023
- Average grant
- $8,904
- +2.5% vs 2023
- Median grant
- $5,343
- Total assets
- $1,130,061
- +2.2% vs 2023
- Primary geography
- Arkansas (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Roy L Sharpe Trust funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Pulaski Heights Baptist Church ($19K). Together the top 5 received $48K.
Organizations only. It also paid 1 individual scholarship ($5,343), which are not listed by name.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 12 grants of 12 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
States
Cities
How Roy L Sharpe Trust gives
- In 2024 it paid out 77% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2024, annual grant giving ranged from $52K (2023) to $53K (2024). In 2024 it made 6 grants totaling $53K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Pulaski Heights Baptist Church Little Rock, AR | Unrestricted General | $18,697 |
| MW Grand Lodge of Arkansas Little Rock, AR | For Scholarship Fund | $16,026 |
| 1 individual scholarship Recipients not named | — | $5,343 |
| Ouachita Baptist University Arkadelphia, AR | Unrestricted General | $5,343 |
| Sheridan Independent School Sheridan, AR | For Scholarship Fund | $5,342 |
| Sardis Missionary Baptist Church Grapevine, AR | Unrestricted General | $2,673 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,130,061 | $96,786 | $71,430 | $53,424 | 6 | $59,333 | $70,268 | $76,743 |
| 2023 | $1,105,472 | $26,213 | $70,110 | $52,132 | 6 | $57,776 | $14,617 | $73,482 |
Under IRS private-foundation payout rules, Roy L Sharpe Trust reported a distributable amount of $77K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Roy L Sharpe Trust's only listed officer is Bank Of America, Trustee on every filing since 2023 (compensated).
Officers on the 2024 filing
Bank Of America
Trustee
On filings since 2023
1 hr/week
$13K (2023) → $13K (2024)
Data from IRS Form 990 filings, 2023–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $13K, to Bank of America (Trustee).
Frequently asked questions about Roy L Sharpe Trust
How much does Roy L Sharpe Trust give each year?
Roy L Sharpe Trust gave $53K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $52K across 6 grants.
What is Roy L Sharpe Trust's typical grant size?
Roy L Sharpe Trust's median grant in 2024 was $5,343, and its average grant was $8,904, across 6 grants on its 2024 IRS Form 990-PF.
Where does Roy L Sharpe Trust give grants?
Roy L Sharpe Trust gives mostly in Arkansas: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Little Rock, AR (2 grants).
Does Roy L Sharpe Trust give general operating support?
Yes: 50% of Roy L Sharpe Trust's 2024 grants with a stated purpose (3 of 6) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "For Scholarship Fund" (3 grants).
Who are Roy L Sharpe Trust's largest grantees?
Roy L Sharpe Trust's largest 2024 grantees include Pulaski Heights Baptist Church ($18,697), MW Grand Lodge of Arkansas ($16,026) and Ouachita Baptist University ($5,343), according to its 2024 IRS Form 990-PF. It also paid 1 individual scholarship ($5,343), which are not listed by name. Together they received 75% of its itemized 2024 grant dollars.
How large is Roy L Sharpe Trust?
Roy L Sharpe Trust reported $1.1M in total assets on its 2024 IRS Form 990-PF. It paid out $59K in qualifying distributions that year, against a required minimum of $77K (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 is Roy L Sharpe Trust's EIN?
Roy L Sharpe Trust's EIN (Employer Identification Number) is 71-6148871. IRS Form 990 filing data is available on this page for 2023–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2023–2024
Live grants for the work Roy L Sharpe Trust funds
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