T I & Alma C Steptoe Trust

DALLAS, TX EIN: 54-6285472

T I & Alma C Steptoe Trust is a private foundation, based in DALLAS, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $3.2M in total assets. In 2025, it awarded 1 grants totaling $136K. Net investment income was $1.0M.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$3.2M

+37.8% YoY

Annual Giving

$136K

+22.1% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$136K

+22.1% YoY

Under IRS private-foundation payout rules, T I & Alma C Steptoe Trust reported a distributable amount of $148K for 2025 — the minimum it must pay out in qualifying distributions.

About T I & Alma C Steptoe Trust

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $658K (100%)

States

Virginia

Cities

Lynchburg

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$3,194,384	$2,317,324	$2,312,155
Revenue	$1,061,455	$161,271	$235,989
Expenses	$184,396	$156,101	$196,286
Qualifying Distributions	$155,900	$129,020	$166,015
Net Investment Income	$1,033,808	$136,437	$211,979
Distributable Amount	$148,020	$144,616	$143,168

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 2025

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest include Centra Health Foundation ($135,571).

Recipient	Purpose	Amount
CENTRA HEALTH FOUNDATION LYNCHBURG, VA	UNRESTRICTED GENERAL	$135,571

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	$42,489

Frequently Asked Questions

How large is T I & Alma C Steptoe Trust?

As of 2025, T I & Alma C Steptoe Trust holds $3.2M in total assets with $1.1M in annual revenue. It awarded 1 grants totaling $136K in 2025.

Where does T I & Alma C Steptoe Trust operate?

T I & Alma C Steptoe Trust has awarded grants in Virginia.

What size grants does T I & Alma C Steptoe Trust award?

In 2025, T I & Alma C Steptoe Trust awarded 1 grants totaling $136K — an average of about $136K per grant, based on its IRS Form 990 filings.

How much is T I & Alma C Steptoe Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, T I & Alma C Steptoe Trust reported a distributable amount of $148K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.