The Daniel P Babb Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ASHLAND, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 2 grants totaling $60K. Net investment income was $55K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.0M
-0.6% YoY
Annual Giving
$60K
+0.0% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$30K
+0.0% YoY
Under IRS private-foundation payout rules, The Daniel P Babb Trust reported a distributable amount of $62K for 2024 — the minimum it must pay out in qualifying distributions.
About The Daniel P Babb Trust
Based on IRS filings
The Daniel P Babb Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ASHLAND, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 2 grants totaling $60K. Net investment income was $55K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,016,082 | $1,021,838 | $1,067,754 |
| Revenue | $69,193 | $27,243 | $16,971 |
| Expenses | $74,949 | $73,159 | $81,440 |
| Qualifying Distributions | $60,000 | $60,000 | $64,000 |
| Net Investment Income | $54,516 | $12,493 | $2,582 |
| Distributable Amount | $62,013 | $56,053 | $58,743 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Marshall Univ Foundation ($30,000), Marshall Univ Foundation ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MARSHALL UNIV FOUNDATION HUNTINGTON, WV | SCHOLARSHIPS FOR CHEMISTRY STUDENTS | $30,000 |
| MARSHALL UNIV FOUNDATION HUNTINGTON, WV | STUDENT TRAVEL FUND FOR CHEM MTGS | $30,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRIAN K WILT | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Daniel P Babb Trust?
The Daniel P Babb Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ASHLAND, KY. It holds $1.0M in total assets as of 2024.
How large is The Daniel P Babb Trust?
As of 2024, The Daniel P Babb Trust holds $1.0M in total assets with $69K in annual revenue. It awarded 2 grants totaling $60K in 2024.
Where does The Daniel P Babb Trust operate?
The Daniel P Babb Trust has awarded grants in West Virginia.
What size grants does The Daniel P Babb Trust award?
In 2024, The Daniel P Babb Trust awarded 2 grants totaling $60K — an average of about $30K per grant, based on its IRS Form 990 filings.
How much is The Daniel P Babb Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Daniel P Babb Trust reported a distributable amount of $62K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Daniel P Babb Trust's EIN?
The Daniel P Babb Trust's EIN (Employer Identification Number) is 47-6661709. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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