W B Shafer Memorial Trust

VIRGINIA BEACH, VA EIN: 54-6330779

W B Shafer Memorial Trust is a private foundation, based in VIRGINIA BEACH, VA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $74K in total assets. In 2025, it awarded 1 grants totaling $4K.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$74K

-7.3% YoY

Annual Giving

$4K

-11.4% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$4K

-11.4% YoY

Under IRS private-foundation payout rules, W B Shafer Memorial Trust reported a distributable amount of $4K for 2025 — the minimum it must pay out in qualifying distributions.

About W B Shafer Memorial Trust

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $37K (100%)

States

Virginia

Cities

Norfolk

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$74,212	$80,054	$90,458
Revenue	$2,782	$291	$2,492
Expenses	$8,624	$10,695	$12,627
Qualifying Distributions	$3,900	$4,400	$5,500
Net Investment Income	—	—	—
Distributable Amount	$3,860	$4,293	$4,895

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2025

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest include For KIDS Inc ($3,900).

Recipient	Purpose	Amount
For KIDS Inc Norfolk, VA	For purpose of listed organization	$3,900

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2025 IRS filing

From 2025 filing

Name	Title	Hours	Compensation
Janice Pickrell Anderson	Trustee	—	—

Frequently Asked Questions

How large is W B Shafer Memorial Trust?

As of 2025, W B Shafer Memorial Trust holds $74K in total assets with $3K in annual revenue. It awarded 1 grants totaling $4K in 2025.

Where does W B Shafer Memorial Trust operate?

W B Shafer Memorial Trust has awarded grants in Virginia.

What size grants does W B Shafer Memorial Trust award?

In 2025, W B Shafer Memorial Trust awarded 1 grants totaling $4K — an average of about $4K per grant, based on its IRS Form 990 filings.

How much is W B Shafer Memorial Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, W B Shafer Memorial Trust reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.