Tr UA Lucy T Fassett Memorial is a private foundation focused on Education, based in Dallas, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.4M in total assets. In 2025, it awarded 3 grants totaling $132K. Net investment income was $254K.
Key facts about Tr UA Lucy T Fassett Memorial
In short: Tr UA Lucy T Fassett Memorial gave $132K across 3 grants in 2025 (avg $44K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- EIN
- 23-7357891
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $132,074
- Grants made (2025)
- 3
- Average grant
- $44,025
- Median grant
- $13,210
- Total assets
- $2,404,312
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.4M
+4.9% YoY
Annual Giving
$132K
+6.8% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$44K
+6.8% YoY
Under IRS private-foundation payout rules, Tr UA Lucy T Fassett Memorial reported a distributable amount of $139K for 2025 — the minimum it must pay out in qualifying distributions.
How Tr UA Lucy T Fassett Memorial gives
- Giving held roughly steady from 2022 to 2025 (−3%). Method
- In 2025 it paid out 98% 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.
Ready to take the next step with Tr UA Lucy T Fassett Memorial?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $93K (2023) to $136K (2022). In 2025 it made 3 grants totaling $132K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Wake Forest University ($108K). Together the top 3 received $132K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 10 grants of 15 (67%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Wake Forest University Winston-Salem, NC | Unrestricted General | $108,295 |
| Meredith College Raleigh, NC | Unrestricted General | $13,210 |
| Baptist Childrens Homes of N C Thomasville, NC | Unrestricted General | $10,569 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,404,312 | $2,291,908 | $2,199,600 |
| Revenue | $265,056 | $234,482 | $63,775 |
| Expenses | $152,806 | $139,765 | $106,698 |
| Qualifying Distributions | $136,989 | $128,278 | $97,458 |
| Net Investment Income | $253,699 | $221,519 | $48,279 |
| Distributable Amount | $139,087 | $129,901 | $118,193 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS April 16, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 8, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 6, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 16, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 20, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 21, 2026)
- IRS filings on file for fiscal years 2019–2025
Leadership & Key People
Officers and directors from IRS filings
Tr UA Lucy T Fassett Memorial's only listed officer is Bank Of America, Trustee on every filing since 2021 (compensated).
Officers on the 2025 filing
Bank Of America
Trustee
On filings since 2021
1 hr/week
$11K (2021) → $11K (2025)
Former officers (1)
- Former: Bank Of America NA (2019–2020) — Trustee
Data from IRS Form 990 filings, 2019–2025. "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 $11K, to Bank of America (Trustee).
Frequently asked questions about Tr UA Lucy T Fassett Memorial
How much does Tr UA Lucy T Fassett Memorial give each year?
Tr UA Lucy T Fassett Memorial gave $132K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $124K across 3 grants.
What is Tr UA Lucy T Fassett Memorial's typical grant size?
Tr UA Lucy T Fassett Memorial's median grant in 2025 was $13,210, and its average grant was $44,025, across 3 grants on its 2025 IRS Form 990-PF.
Where does Tr UA Lucy T Fassett Memorial give grants?
Tr UA Lucy T Fassett Memorial gives mostly in North Carolina: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Tr UA Lucy T Fassett Memorial give general operating support?
Yes: 100% of Tr UA Lucy T Fassett Memorial's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Tr UA Lucy T Fassett Memorial?
Tr UA Lucy T Fassett Memorial reported $2.4M in total assets on its 2025 IRS Form 990-PF. It paid out $137K in qualifying distributions that year, against a required minimum of $139K (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 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 $2.4M in total assets as of 2025.
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Tr UA Lucy T Fassett Memorial by hand.
Explore Open Grants
Browse active grant opportunities in Tr UA Lucy T Fassett Memorial's focus areas in our free grants database
Similar Funders
Funders with grantees in common
Ola Warren and John W Patterson Jr
Saint Louis, MO
Assets
$757K
Grants
3
Total Given
$35K
McLeod Foundation
Clayton, NC
The foundation supports a range of charitable organizations, including education, health, religious, and community-service recipients, primarily in North Carolina and also in Virginia. In 2025, it made 13 grants totaling $260,000, with awards ranging from $500 to $80,000 and a median of $10,000. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$2.4M
Grants
13
Total Given
$260K
IBM International Foundation
Armonk, NY
The IBM International Foundation funds education and workforce programs that build 21st-century and technology job skills, including initiatives for underserved students and job seekers. Its 2024 grants ranged from $10,000 to $8.48 million, with a median of $100,000, and went to organizations across several U.S. states, especially Delaware and Massachusetts. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$357.7M
Grants
16
Total Given
$11.7M
Charles & Irene Nanney Foundation
Raleigh, NC
The Charles & Irene Nanney Foundation supports educational, charitable, civic, and medical purposes, with most of its giving in North Carolina and a small share in Pennsylvania. Its 2025 grants ranged from $250 to $20,000, with a median of $2,500. It gives only to preselected organizations and does not accept unsolicited funding requests.
Assets
$2.9M
Grants
23
Total Given
$164K
Ellen & Munroe Best Family Foundation
Goldsboro, NC
The Ellen & Munroe Best Family Foundation supports charitable organizations, with recent grants going to education, youth services, the arts, and international medical work. In 2024, grants ranged from $150 to $11,500, with a median of $1,000; most funding went to North Carolina, with some grants in Florida and South Carolina. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$975K
Grants
27
Total Given
$51K
Duke Energy Foundation
Charlotte, NC
The Duke Energy Foundation funds workforce development, local economic development and recovery, disaster resilience, conservation, and economic opportunity in communities across North Carolina, South Carolina, Florida, Ohio, Kentucky, and Indiana. It reports more than $30 million in annual charitable grants; awards vary widely, with a 2024 median of $25,000, and applications of $20,000 or less are accepted on a rolling basis. Applicants should contact their local Foundation representative before applying.
Assets
$1.9M
Grants
41
Total Given
$25.6M
Patriot Foundation
Pinehurst, NC
Patriot Foundation funds scholarships and related support for families of service members killed, wounded, or injured while serving, with 2025 grants going to recipients in North Carolina. Its 54 grants ranged from $6,700 to $695,519, with a median of $34,800; student awards are handled through an in-house application process, and unsolicited requests are not addressed.
Assets
$4.2M
Grants
54
Total Given
$4.6M
Dover Foundation Inc
Shelby, NC
Dover Foundation Inc funds faith-based, educational, and human-service nonprofits, including projects such as renovations, food ministries, emergency services, youth programs, and scholarships, with priority given to Cleveland County, North Carolina; out-of-county groups may apply if their project benefits county residents. Its 2025 grants ranged from $300 to $151,000, with a median of $12,610. It accepts one request per calendar year from eligible tax-exempt organizations through its online application.
Assets
$22.8M
Grants
55
Total Given
$1.1M
The Edward M Armfield Sr Foundation I
Greensboro, NC
The foundation supports scholarships, educational programs, and community initiatives, with stated priorities including capital campaigns and educational programs in Guilford, Randolph, and Surry counties, North Carolina. In 2024, it made 57 grants ranging from $1,000 to $500,000, with a median of $14,000; most funding went to North Carolina. It does not restrict giving to preselected organizations; applicants should contact Melinda W. Oakley for the required application form.
Assets
$46.4M
Grants
57
Total Given
$2.3M
The Howe Foundation Inc
Cherryville, NC
The Howe Foundation supports children’s participation in sports and women pursuing careers in the sports industry, while its grants also reach schools, health, youth, arts, and community organizations. Its 2025 grants ranged from $200 to $6,500, with a median of $1,000; most funding went to North Carolina, followed by Virginia. It gives only to preselected charitable organizations and does not accept unsolicited requests.
Assets
$2.3M
Grants
67
Total Given
$107K
Aj Fletcher Foundation
Raleigh, NC
The A.J. Fletcher Foundation funds education, care for elderly or vulnerable people, arts and communication, public recreation, and religious faith, primarily through public charities in North Carolina or serving North Carolina residents. Its 2024 grants ranged from $7,500 to $2.675 million, with a median of $50,000. It does not accept unsolicited requests, letters of inquiry, or proposals; it invites selected organizations to apply.
Assets
$279.2M
Grants
70
Total Given
$8.8M
Bristol-Myers Squibb Foundation Inc
Princeton, NJ
The Bristol-Myers Squibb Foundation supports health-access initiatives for disproportionately affected populations, including cancer, blood disorders, brain health, and clinical-trial participation, in the United States and internationally. In 2024, its median grant was $134,090, though awards varied widely; it says application materials are available upon request and advises organizations to contact it about the process, but does not state whether unsolicited requests are accepted.
Assets
$83.3M
Grants
144
Total Given
$67.7M
More Funders in Texas
Tr UA Lucy T Fassett Memorial down — hundreds of funders to go?