Tua Martin Charitable Trust

DALLAS, TX EIN: 30-6737824

Tua Martin Charitable Trust is a private foundation, based in DALLAS, TX. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $13.4M in total assets. In 2024, it awarded 12 grants totaling $493K. Net investment income was $614K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$13.4M

+18.7% YoY

Annual Giving

$493K

+393.5% YoY

Grant Count

+1100.0% YoY

Avg Grant Size

$41K

-58.9% YoY

Under IRS private-foundation payout rules, Tua Martin Charitable Trust reported a distributable amount of $708K for 2024 — the minimum it must pay out in qualifying distributions.

About Tua Martin Charitable Trust

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $593K (100%)

States

Virginia

Cities

ChesapeakeFredericksburgNorfolkRichmondVirginia Beach

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023
Total Assets	$13,396,061	$11,287,476
Revenue	$2,883,873	$12,011,068
Expenses	$674,812	$161,848
Qualifying Distributions	$582,962	$130,662
Net Investment Income	$613,630	$225,801
Distributable Amount	$708,387	$271,726

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 2024

Grant Size Distribution

13 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Eastern Va Medical School Fdn (evms) ($50,000), Armed Services Ymca ($50,000), Children's Hospital King's Daughters ($50,000).

Recipient	Purpose	Amount
EASTERN VA MEDICAL SCHOOL FDN (EVMS) NORFOLK, VA	UNRESTRICTED GENERAL	$50,000
ARMED SERVICES YMCA VIRGINIA BEACH, VA	UNRESTRICTED GENERAL	$50,000
BON SECOURS RICHMOND, VA	UNRESTRICTED GENERAL	$30,000
CATHOLIC CHARITIES OF EASTERN VIRGINIA NORFOLK, VA	UNRESTRICTED GENERAL	$40,000
ST MARY'S HOME NORFOLK, VA	UNRESTRICTED GENERAL	$23,458
CHILDREN'S HOSPITAL KING'S DAUGHTERS NORFOLK, VA	UNRESTRICTED GENERAL	$50,000
UNITED WAY OF VIRGINIA FREDERICKSBURG, VA	UNRESTRICTED GENERAL	$50,000
MEAL ON WHEELS CHESAPEAKE CHESAPEAKE, VA	UNRESTRICTED GENERAL	$50,000
FORKIDS CHESAPEAKE, VA	UNRESTRICTED GENERAL	$30,000
EQUI-KIDS THERAPEUTIC RIDING PROGRAM VIRGINIA BEACH, VA	UNRESTRICTED GENERAL	$20,000

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 N A	TRUSTEE	1	$133,376

Frequently Asked Questions

How large is Tua Martin Charitable Trust?

As of 2024, Tua Martin Charitable Trust holds $13.4M in total assets with $2.9M in annual revenue. It awarded 12 grants totaling $493K in 2024.

Where does Tua Martin Charitable Trust operate?

Tua Martin Charitable Trust has awarded grants in Virginia.

What size grants does Tua Martin Charitable Trust award?

In 2024, Tua Martin Charitable Trust awarded 12 grants totaling $493K — an average of about $41K per grant, based on its IRS Form 990 filings.

How much is Tua Martin Charitable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Tua Martin Charitable Trust reported a distributable amount of $708K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.