Walden Trust
Walden Trust is a private foundation, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $855K in total assets. In 2024, it awarded 35 grants totaling $69K. Net investment income was $409K.
Key facts about Walden Trust
- EIN
- 25-6027635
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $68,700
- Grants made (2024)
- 35
- Average grant
- $1,963
- Median grant
- $1,000
- Total assets
- $854,992
- Primary geography
- Massachusetts (33% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026.
Who Walden Trust funds
By grant dollars, the top recipient states for Walden Trust's 35 itemized 2024 grants were Massachusetts (33%), Pennsylvania (30%) and Florida (24%). The most frequent recipient cities were Pittsburgh, PA (10 grants), Cambridge, MA (3 grants), New York, NY (3 grants) and Palm Beach, FL (3 grants). 49% of grants with a stated purpose were for general or operating support.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$855K
+64.8% YoY
Annual Giving
$69K
+3.1% YoY
Grant Count
35
+2.9% YoY
Avg Grant Size
$2K
+0.1% YoY
Under IRS private-foundation payout rules, Walden Trust reported a distributable amount of $94K for 2024 — the minimum it must pay out in qualifying distributions.
About Walden Trust
Based on IRS filings
Walden Trust is a private foundation, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $855K in total assets. In 2024, it awarded 35 grants totaling $69K. Net investment income was $409K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 35 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $854,992 | $518,825 | $154,603 |
| Revenue | $534,336 | $549,136 | $125,783 |
| Expenses | $83,787 | $70,117 | $68,068 |
| Qualifying Distributions | $72,731 | $69,888 | $66,624 |
| Net Investment Income | $409,496 | $418,892 | $42,358 |
| Distributable Amount | $94,052 | $72,489 | $69,611 |
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
153 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Friends of Thelobkowicz Collection ($10,000), Palm Beach Rowing Association ($10,000), The 1324 Massachusets Avenue Foundation Inc ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FRIENDS OF THELOBKOWICZ COLLECTION DOVER, MA | DVORAK BIRTH HOUSE MUSEUM | $10,000 |
| PALM BEACH ROWING ASSOCIATION STUART, FL | BOATHOUSE RENOVATION AND ADDITION | $10,000 |
| THE 1324 MASSACHUSETS AVENUE FOUNDATION INC CAMBRIDGE, MA | GENERAL SUPPORT | $5,000 |
| EVERGLADES FOUNDATION PALMETTO, FL | UNRESTRICTED | $5,000 |
| WESTERN PENNSYLVANIA CONSERVANCY PITTSBURGH, PA | FALLINGWAER | $5,000 |
| BAND OF BROTHERS SHAKESPEARE COMPANY JOHNSTOWN, PA | 2025 PRODUCTION OF SHAKESPEARE PLAY | $3,000 |
| GROTON SCHOOL GROTON, MA | UNRESTRICTED | $3,000 |
| CONEMAUGH VALLEY CONSERVANCY JOHNSTOWN, PA | UNRESTRICTED | $2,500 |
| GEORGETOWN UNIVERSITY WASHINGTON, DC | MEN'S HEAVYWEIGHT CREW PROGRAM | $2,000 |
| HARVARD COLLEGE FUND CAMBRIDGE, MA | STUDENT FINANCIAL AID | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| H PHIPPS HOFFSTOT III | TRUSTEE | — | — |
| MAEVE U HOFFSTOT | TRUSTEE | — | — |
| HENRY F HOFFSTOT | TRUSTEE | — | — |
| DARYLN B HOFFSTOT | TRUSTEE | — | — |
Frequently Asked Questions
How large is Walden Trust?
As of 2024, Walden Trust holds $855K in total assets with $534K in annual revenue. It awarded 35 grants totaling $69K in 2024.
Where does Walden Trust operate?
Walden Trust has awarded grants in District of Columbia, Florida, Massachusetts, Maine, New York, Ohio, Oregon, Pennsylvania.
What size grants does Walden Trust award?
In 2024, Walden Trust awarded 35 grants totaling $69K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Walden Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Walden Trust reported a distributable amount of $94K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Walden Trust's EIN?
Walden Trust's EIN (Employer Identification Number) is 25-6027635. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Walden Trust's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.