TUA August Heid by T Heid Charitable Trust is a private foundation based in Dallas, Texas. The trust is managed by Bank of America, which serves as trustee.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$21.9M
+3.8% YoY
Annual Giving
$1.1M
+9.0% YoY
Grant Count
13
+44.4% YoY
Avg Grant Size
$84K
-24.5% YoY
Grantmaking
The foundation awards grants with typical award sizes ranging from $15,000 to $175,000. Recent annual giving totaled approximately $1,090,000, with 9 grants awarded in 2024. The average grant size is reported at $473, with a median grant amount also documented in recent filings.
Grant Range
is reported at $473, with a median grant amount also documented in recent filings.
Average Grant
is reported at $473, with a median grant amount also documented in recent filings.
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Geographic Focus
Where this funder awards grants
The trust funds projects across multiple states, with a primary focus on:
- Maryland
- South Carolina
- Virginia
Specific cities where the trust has funded projects include Annapolis, Arlington, Brookneal, Charlottesville, Glen Allen, Greenville, Richmond, Warrenton, and Williamsburg.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Total Assets: $21,123,782 to $21,925,339 (as of most recent filings)
Annual Giving: $1,090,000
Annual Expenses: $1,188,041
Annual Revenue: $856,467
Expense Ratio: 138.7% of total revenue spent on programs
The foundation's assets have grown approximately 2.6% from the previous year.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $21,925,339 | $21,123,782 | $21,418,668 |
| Revenue | $2,045,115 | $856,467 | $207,954 |
| Expenses | $1,320,135 | $1,188,041 | $1,086,455 |
| Qualifying Distributions | $1,162,848 | $1,066,999 | $916,345 |
| Net Investment Income | $1,907,525 | $630,019 | $626,909 |
| Distributable Amount | $1,288,862 | $1,163,499 | $1,156,402 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
49 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Bank of America serves as trustee and manager of the charitable trust, receiving compensation of $166,247 for trustee services.
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BANK OF AMERICA | TRUSTEE | 1 | $180,870 |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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