Swain-grousbeck Sight Trust

MARTINSVILLE, VA EIN: 54-6059890

Swain-grousbeck Sight Trust is a private foundation, based in MARTINSVILLE, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $545K in total assets. In 2024, it awarded 1 grants totaling $30K. Net investment income was $13K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$545K

-3.9% YoY

Annual Giving

$30K

-1.7% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$30K

-1.7% YoY

Under IRS private-foundation payout rules, Swain-grousbeck Sight Trust reported a distributable amount of $38K for 2024 — the minimum it must pay out in qualifying distributions.

About Swain-grousbeck Sight Trust

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $151K (100%)

States

Virginia

Cities

Danville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$544,909	$567,130	$568,757
Revenue	$19,310	$39,013	$8,576
Expenses	$41,531	$40,640	$43,649
Qualifying Distributions	$34,467	$34,508	$37,163
Net Investment Income	$12,501	$27,881	$7,718
Distributable Amount	$37,680	$33,999	$34,946

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Sight Conservation of Danville Host Lions Club ($29,868).

Recipient	Purpose	Amount
SIGHT CONSERVATION OF DANVILLE HOST LIONS CLUB DANVILLE, VA	ASSISTANCE TO INDIGENT FOR EYESIGHT CONSERVATION	$29,868

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ATLANTIC UNION BANK	TRUSTEE	2	$9,968

Frequently Asked Questions

How large is Swain-grousbeck Sight Trust?

As of 2024, Swain-grousbeck Sight Trust holds $545K in total assets with $19K in annual revenue. It awarded 1 grants totaling $30K in 2024.

Where does Swain-grousbeck Sight Trust operate?

Swain-grousbeck Sight Trust has awarded grants in Virginia.

What size grants does Swain-grousbeck Sight Trust award?

In 2024, Swain-grousbeck Sight Trust awarded 1 grants totaling $30K — an average of about $30K per grant, based on its IRS Form 990 filings.

How much is Swain-grousbeck Sight Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Swain-grousbeck Sight Trust reported a distributable amount of $38K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.