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Bernard Foundation is a private corporation based in TYLER, TX. The foundation received its IRS ruling in 2007. The principal officer is Mildred H Grinstead. It holds total assets of $16.1M. Annual income is reported at $705K. Total assets have grown from $1M in 2011 to $16.5M in 2023. The foundation is governed by 4 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Texas. According to available records, Bernard Foundation has made 22 grants totaling $840K, with a median grant of $45K. Annual giving has grown from $65K in 2020 to $655K in 2022. Individual grants have ranged from N/A to $100K, with an average award of $38K. The foundation has supported 12 unique organizations. Grant recipients are concentrated in Texas. Contributions to this foundation are tax-deductible.
Smallest Grant
N/A
Median Grant
$50K
Average Grant
$47K
Largest Grant
$75K
Based on 7 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Bernard Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 22 grants. Its grantmaking reaches organizations primarily in TX.
Bernard Foundation has distributed a total of $840K across 22 grants. The median grant size is $45K, with an average of $38K. Individual grants have ranged from N/A to $100K.
Bernard Foundation typically selects its grantees rather than accepting unsolicited proposals.
Bernard Foundation is headquartered in TYLER, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jay H Grinstead | Vice President | $0 | $0 | N/A |
| George Trey Henderson Iii | President | $0 | $0 | N/A |
| Richard W Jett Jr | Director | $0 | $0 | N/A |
| Stewart Henderson | SEC/TREASURER | $0 | $0 | N/A |
Total Giving
$778K
Total Assets
$16.5M
Fair Market Value
$16.7M
Net Worth
$16.5M
Grants Paid
$760K
Contributions
N/A
Net Investment Income
$378K
Distribution Amount
$795K
Total: $11.3M
Total Grants
22
Total Giving
$840K
Average Grant
$38K
Median Grant
$45K
Unique Recipients
12
Most Common Grant
$50K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Sarah'S Hope Charitable And EducatiGENERAL SUPPORT | Lufkin, TX | $75K | 2022 |
| Texas Conservation AllianceLUFKIN INITIATIVE | Dallas, TX | $60K | 2022 |
| Christus Trinity Mother Frances FouGENERAL SUPPORT | Tyler, TX | $52K | 2022 |
| Angelina County Exposition Center IGENERAL SUPPORT | Lufkin, TX | $50K | 2022 |
| Monuments Men FoundationGENERAL SUPPORT | Dallas, TX | $50K | 2022 |
| Hospice Of East Texas FoundationGENERAL SUPPORT | Tyler, TX | $40K | 2022 |
| MiscellaneousCHARITABLE | Tyler, TX | N/A | 2022 |
| The University Of Texas At TylerENDOWMENT - MEDICAL SCHOOL | Tyler, TX | $100K | 2021 |
| Angelina CollegePROJECT: MEET THE ROADRUNNERS | Lufkin, TX | $10K | 2020 |
| George H Henderson Jr Exposition CeGENERAL SUPPORT | Lufkin, TX | $5K | 2020 |
| Ut Health Science Center At TylerGENERAL SUPPORT | Tyler, TX | $5K | 2020 |
| East Texas Food BankSOCIAL ASSISTANCE | Tyler, TX | $5K | 2020 |