The 2540 Foundation Trust Under Agreement
The 2540 Foundation Trust Under Agreement is a private foundation focused on Human Services, based in Bluefield, WV. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $100K in total assets. In 2025, it awarded 3 grants totaling $5K. Net investment income was $5K.
The 2540 Foundation Trust Under Agreement at a glance
In short: The 2540 Foundation Trust Under Agreement gave $5K across 3 grants in 2025 (avg $2K), mostly in Virginia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $5,062
- +10.6% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $1,687
- +10.6% vs 2024
- Median grant
- $1,687
- Total assets
- $99,835
- -0.6% vs 2024
- Primary geography
- Virginia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who The 2540 Foundation Trust Under Agreement funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Main Street United Methodist Church ($2K). Together the top 3 received $5K.
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 7 grants of 7 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How The 2540 Foundation Trust Under Agreement gives
- Giving held roughly steady from 2022 to 2025 (+1%). Method
- In 2025 it paid out 97% 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 2022 to 2025, annual grant giving ranged from $5K (2024) to $5K (2025). In 2025 it made 3 grants totaling $5K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Main Street United Methodist Church South Boston, VA | Charitable Contribution | $1,688 |
| Tazewell Ministerial Association Tazewell, VA | Charity | $1,687 |
| A Child Shall Lead Tazewell, VA | Charity | $1,687 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $99,835 | $5,930 | $6,774 | $5,062 | 3 | $5,468 | $4,711 | $5,658 |
| 2024 | $100,435 | $6,018 | $6,247 | $4,575 | 3 | $4,981 | $4,799 | $5,520 |
| 2023 | $100,938 | $3,040 | $2,111 | — | — | $454 | $1,678 | $4,977 |
| 2022 | $100,009 | $106,337 | $6,328 | $5,000 | 1 | $5,000 | $19,894 | $4,622 |
Under IRS private-foundation payout rules, The 2540 Foundation Trust Under Agreement reported a distributable amount of $6K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The 2540 Foundation Trust Under Agreement's only listed officer is First Community Bank, Trustee since 2023 (on filings since 2022) (compensated).
Officers on the 2025 filing
First Community Bank
Trustee
Fiduciary Trustee → Trustee, 2023
On filings since 2022
5 hrs/week
$728 (2022) → $1K (2025)
Former officers (3)
- Former: Anthony Grills (2022) — Selection Trustee
- Former: Danny Coulthard (2022) — Selection Trustee
- Former: Diana Coulthard (2022) — Selection Trustee
Data from IRS Form 990 filings, 2022–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $1K, to First Community Bank (Trustee).
Frequently asked questions about The 2540 Foundation Trust Under Agreement
How much does The 2540 Foundation Trust Under Agreement give each year?
The 2540 Foundation Trust Under Agreement gave $5K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $5K across 3 grants.
What is The 2540 Foundation Trust Under Agreement's typical grant size?
The 2540 Foundation Trust Under Agreement's median grant in 2025 was $1,687, and its average grant was $1,687, across 3 grants on its 2025 IRS Form 990-PF.
Where does The 2540 Foundation Trust Under Agreement give grants?
The 2540 Foundation Trust Under Agreement gives mostly in Virginia: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Tazewell, VA (2 grants).
Does The 2540 Foundation Trust Under Agreement give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on The 2540 Foundation Trust Under Agreement's 2025 IRS Form 990-PF were described as general or operating support.
How large is The 2540 Foundation Trust Under Agreement?
The 2540 Foundation Trust Under Agreement reported $100K in total assets on its 2025 IRS Form 990-PF. It paid out $5K in qualifying distributions that year, against a required minimum of $6K (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 The 2540 Foundation Trust Under Agreement?
The 2540 Foundation Trust Under Agreement is a private foundation focused on Human Services, based in Bluefield, WV. It holds $100K in total assets as of 2025.
What is The 2540 Foundation Trust Under Agreement's EIN?
The 2540 Foundation Trust Under Agreement's EIN (Employer Identification Number) is 88-6303227. IRS Form 990 filing data is available on this page for 2022–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
- IRS filings on file for fiscal years 2022–2024
Live grants for the work The 2540 Foundation Trust Under Agreement funds
Human Services Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The 2540 Foundation Trust Under Agreement's focus areas in our free grants database
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