T I & Alma C Steptoe Trust
T I & Alma C Steptoe Trust is a private foundation, based in Dallas, TX. IRS filing data is available from 2020 through 2026. As of 2026, the organization holds $3.1M in total assets. In 2026, it awarded 1 grant totaling $148K. Net investment income was $96K.
T I & Alma C Steptoe Trust at a glance
In short: T I & Alma C Steptoe Trust gave $148K across 1 grant in 2026 (avg $148K), mostly in Virginia. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $148,254
- +9.4% vs 2025
- Grants made (2026)
- 1
- +0.0% vs 2025
- Average grant
- $148,254
- +9.4% vs 2025
- Median grant
- $148,254
- Total assets
- $3,108,091
- -2.7% vs 2025
- Primary geography
- Virginia (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who T I & Alma C Steptoe Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2026
The largest 2026 recipient was Centra Health Foundation ($148K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $100–250K range: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2026 grant dollars on its one itemized grant.
States
Cities
How T I & Alma C Steptoe Trust gives
- Giving held roughly steady from 2023 to 2026 (+0%). Method
- In 2026 it paid out 99% 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 2020 to 2026, annual grant giving ranged from $101K (2020) to $148K (2023). In 2026 it made 1 grant totaling $148K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Centra Health Foundation Lynchburg, VA | Unrestricted General | $148,254 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,108,091 | $125,337 | $211,634 | $148,254 | 1 | $168,932 | $96,051 | $171,297 |
| 2025 | $3,194,384 | $1,061,455 | $184,396 | $135,571 | 1 | $155,900 | $1,033,808 | $148,020 |
| 2024 | $2,317,324 | $161,271 | $156,101 | $111,010 | 1 | $129,020 | $136,437 | $144,616 |
| 2023 | $2,312,155 | $235,989 | $196,286 | $148,466 | 1 | $166,015 | $211,979 | $143,168 |
| 2022 | $2,272,452 | $286,564 | $184,992 | $140,814 | 1 | $159,534 | $259,792 | $165,095 |
| 2021 | $2,170,865 | $94,264 | $165,448 | $122,161 | 1 | — | $71,691 | $141,952 |
| 2020 | $2,242,063 | $187,147 | $142,426 | $100,959 | 1 | — | $164,175 | $140,672 |
Under IRS private-foundation payout rules, T I & Alma C Steptoe Trust reported a distributable amount of $171K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
T I & Alma C Steptoe Trust's only listed officer is Bank Of America, Trustee on every filing since 2022 (compensated).
Officers on the 2026 filing
Bank Of America
Trustee
On filings since 2022
1 hr/week
$40K (2022) → $45K (2026)
Former officers (1)
- Former: Bank Of America N A (2020–2021) — Trustee
Data from IRS Form 990 filings, 2020–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2026 IRS filing
The highest reported compensation on the 2026 filing was $45K, to Bank of America (Trustee).
Frequently asked questions about T I & Alma C Steptoe Trust
How much does T I & Alma C Steptoe Trust give each year?
T I & Alma C Steptoe Trust gave $148K across 1 grant in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $136K across 1 grant.
How large is T I & Alma C Steptoe Trust?
T I & Alma C Steptoe Trust reported $3.1M in total assets on its 2026 IRS Form 990-PF. It paid out $169K in qualifying distributions that year, against a required minimum of $171K (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.
Where does T I & Alma C Steptoe Trust operate?
T I & Alma C Steptoe Trust has awarded grants in Virginia.
What is T I & Alma C Steptoe Trust's EIN?
T I & Alma C Steptoe Trust's EIN (Employer Identification Number) is 54-6285472. IRS Form 990 filing data is available on this page for 2020–2026.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS June 26, 2026)
- IRS filings on file for fiscal years 2020–2025
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