Tr Ua Lucy T Fassett Memorial is a private foundation focused on Education, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 3 grants totaling $124K. Net investment income was $222K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.3M
+4.2% YoY
Annual Giving
$124K
+32.5% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$41K
+32.5% YoY
Under IRS private-foundation payout rules, Tr Ua Lucy T Fassett Memorial reported a distributable amount of $130K for 2024 — the minimum it must pay out in qualifying distributions.
About Tr Ua Lucy T Fassett Memorial
Based on IRS filings
Tr Ua Lucy T Fassett Memorial is a private foundation focused on Education, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 3 grants totaling $124K. Net investment income was $222K.
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 | $2,291,908 | $2,199,600 | $2,243,329 |
| Revenue | $234,482 | $63,775 | $-61,932 |
| Expenses | $139,765 | $106,698 | $161,787 |
| Qualifying Distributions | $128,278 | $97,458 | $140,757 |
| Net Investment Income | $221,519 | $48,279 | $36,225 |
| Distributable Amount | $129,901 | $118,193 | $120,616 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Wake Forest University ($101,400), Meredith College ($12,369), Baptist Childrens Homes of N C ($9,895).
| Recipient | Purpose | Amount |
|---|---|---|
| MEREDITH COLLEGE RALEIGH, NC | UNRESTRICTED GENERAL | $12,369 |
| WAKE FOREST UNIVERSITY WINSTON SALEM, NC | UNRESTRICTED GENERAL | $101,400 |
| BAPTIST CHILDRENS HOMES OF N C THOMASVILLE, NC | UNRESTRICTED GENERAL | $9,895 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BANK OF AMERICA | TRUSTEE | 1 | $10,736 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Tr Ua Lucy T Fassett Memorial?
Tr Ua Lucy T Fassett Memorial is a private foundation focused on Education, based in DALLAS, TX. It holds $2.3M in total assets as of 2024.
How large is Tr Ua Lucy T Fassett Memorial?
As of 2024, Tr Ua Lucy T Fassett Memorial holds $2.3M in total assets with $234K in annual revenue. It awarded 3 grants totaling $124K in 2024.
Where does Tr Ua Lucy T Fassett Memorial operate?
Tr Ua Lucy T Fassett Memorial has awarded grants in North Carolina.
What size grants does Tr Ua Lucy T Fassett Memorial award?
In 2024, Tr Ua Lucy T Fassett Memorial awarded 3 grants totaling $124K — an average of about $41K per grant, based on its IRS Form 990 filings.
How much is Tr Ua Lucy T Fassett Memorial required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Tr Ua Lucy T Fassett Memorial reported a distributable amount of $130K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Tr Ua Lucy T Fassett Memorial's EIN?
Tr Ua Lucy T Fassett Memorial's EIN (Employer Identification Number) is 23-7357891. 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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