William H Tolerton Trust
William H Tolerton Trust is a private foundation, based in Dallas, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $402K in total assets. In 2025, it awarded 1 grant totaling $14K. Net investment income was $32K.
William H Tolerton Trust at a glance
In short: William H Tolerton Trust gave $14K across 1 grant in 2025 (avg $14K), mostly in Virginia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $14,000
- -6.7% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $14,000
- -6.7% vs 2024
- Median grant
- $14,000
- Total assets
- $402,199
- +2.2% vs 2024
- Primary geography
- Virginia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who William H Tolerton Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Foodbank of Southeastern Virginia ($14K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How William H Tolerton Trust gives
- Giving fell 22% from 2022 to 2025. Method
- In 2025 it paid out 81% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $10K (2023) to $22K (2020). In 2025 it made 1 grant totaling $14K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Foodbank of Southeastern Virginia Norfolk, VA | Unrestricted General | $14,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $402,199 | $38,344 | $25,303 | $14,000 | 1 | $19,477 | $31,899 | $24,077 |
| 2024 | $393,720 | $14,976 | $25,155 | $15,000 | 1 | $20,130 | $8,261 | $22,289 |
| 2023 | $394,549 | $-5,794 | $21,192 | $10,000 | 1 | $14,696 | $3,243 | $20,833 |
| 2022 | $418,455 | $83,571 | $29,354 | $18,000 | 1 | $23,371 | $77,039 | $23,435 |
| 2021 | $418,281 | $33,119 | $25,407 | $15,000 | 1 | — | $27,499 | $23,289 |
| 2020 | $355,101 | $31,532 | $31,166 | $22,000 | 1 | — | $27,302 | $20,423 |
Under IRS private-foundation payout rules, William H Tolerton Trust reported a distributable amount of $24K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
William H Tolerton Trust's only listed officer is Bank Of America, Trustee on every filing since 2022 (compensated).
Officers on the 2025 filing
Bank Of America
Trustee
On filings since 2022
1 hr/week
$7K (2022) → $7K (2025)
Former officers (1)
- Former: Bank Of America NA (2020–2021) — Trustee
Data from IRS Form 990 filings, 2020–2025. "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 $7K, to Bank of America (Trustee).
Frequently asked questions about William H Tolerton Trust
How much does William H Tolerton Trust give each year?
William H Tolerton Trust gave $14K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $15K across 1 grant.
How large is William H Tolerton Trust?
William H Tolerton Trust reported $402K in total assets on its 2025 IRS Form 990-PF. It paid out $19K in qualifying distributions that year, against a required minimum of $24K (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.
Where does William H Tolerton Trust operate?
William H Tolerton Trust has awarded grants in Virginia.
What is William H Tolerton Trust's EIN?
William H Tolerton Trust's EIN (Employer Identification Number) is 54-6137272. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
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