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Centerpoint Energy Foundation Inc. is a private corporation based in HOUSTON, TX. The foundation received its IRS ruling in 1995. The principal officer is Amanda Schmitt. It holds total assets of $61.7M. Annual income is reported at $53M. Total assets have grown from $857K in 2011 to $74.1M in 2023. The foundation is governed by 7 officers and trustees. The foundation has a matching gift program & a regular giving program. For the matching gift program, the foundation matches gifts made by employees each year. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. The foundation primarily funds organizations in Texas, Indiana and Minnesota. According to available records, Centerpoint Energy Foundation Inc. has made 1,637 grants totaling $63.9M, with a median grant of $10K. Annual giving has grown from $10.9M in 2020 to $17.3M in 2023. Grantmaking activity was highest in 2021 with $18.9M distributed across 646 grants. Individual grants have ranged from N/A to $10.9M, with an average award of $39K. The foundation has supported 1,044 unique organizations. The foundation primarily supports organizations in Texas, Indiana, Minnesota, which account for 75% of all grants. Grantmaking reaches organizations across 31 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$100
Median Grant
$5K
Average Grant
$29K
Largest Grant
$1.2M
Based on 646 grants from the most recent 990-PF filing.
The foundation has a matching gift program & a regular giving program. For the matching gift program, the foundation matches gifts made by employees each year.
Expenses: $10.9M
The foundation has a matching gift program & a regular giving program. For the matching gift program, the foundation matches gifts made by employees each year. Based on available records, the foundation has funded 1,637 grants. Its grantmaking reaches organizations primarily in TX, IN, MN.
Centerpoint Energy Foundation Inc. has distributed a total of $63.9M across 1,637 grants. The median grant size is $10K, with an average of $39K. Individual grants have ranged from N/A to $10.9M.
Centerpoint Energy Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals. 1. Priority will be given to those organizations and activities that serve to improve the quality of life in the communities that CenterPoint Energy serves. 2. Contributions given by similar companies will be considered in determining the level of giving. 3. Generally CenterPoint Energy Foundation will not make contributions to political, religious, fraternal, labor or veteran's organizations, unless activity is for direct community involvement. The foundation does not make contributions to issue-oriented organizations. 4. The CenterPoint Energy Foundation only awards grants to organizations exempt from federal tax under section 501(c)(3) of the IRS code.
Centerpoint Energy Foundation Inc. is headquartered in HOUSTON, TX. While based in TX, the foundation distributes grants to organizations across 31 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Monica Karuturi | DIRECTOR | $0 | $0 | N/A |
| Mark Deboer | TREASURER | $0 | $0 | N/A |
| Amanda Schmitt | PRESIDENT | $0 | $0 | N/A |
| Jason Ryan | DIRECTOR | $0 | $0 | N/A |
| Lynne Harkel-Rumford | DIRECTOR | $0 | $0 | N/A |
| Madeleine Neet | SECRETARY | $0 | $0 | N/A |
| Brett A Jerasa | ASSISTANT TREASURER | $0 | $0 | N/A |
Total Giving
$18.1M
Total Assets
$74.1M
Fair Market Value
$81.9M
Net Worth
$73.5M
Grants Paid
$17.3M
Contributions
$32.4M
Net Investment Income
$1.2M
Distribution Amount
$3.7M
Total: $71.6M
Total Grants
1,637
Total Giving
$63.9M
Average Grant
$39K
Median Grant
$10K
Unique Recipients
1,044
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| HomefullGENERAL DONATION | Dayton, OH | $150K | 2023 |
| Charities Aid Foundation AmericaGENERAL DONATION | Alexandria, VA | $1M | 2023 |
| Downtown Evansville CdcGENERAL DONATION | Evansville, IN | $760K | 2023 |
| United Way Of Greater HoustonGENERAL DONATION | Houston, TX | $757K | 2023 |
| Habitat For Humanity Of EvansvilleGENERAL DONATION | Evansville, IN | $525K | 2023 |
| Evansville Parks FoundationGENERAL DONATION | Evansville, IN | $500K | 2023 |
| United Way Of Southwestern IndianaGENERAL DONATION | Evansville, IN | $358K | 2023 |
| Junior Achievement Of Southeast Texas IncGENERAL DONATION | Houston, TX | $315K | 2023 |
| Louis J Koch Family Children'S Museum Of EvansvilleGENERAL DONATION | Evansville, IN | $270K | 2023 |
| Houston Area Urban LeagueGENERAL DONATION | Houston, TX | $250K | 2023 |
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| Evolve HoustonGENERAL DONATION | Houston, TX | $200K | 2023 |
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| Heart Of Indiana United WayGENERAL DONATION | Muncie, IN | $200K | 2023 |
| Boys And Girls Club EvansvilleGENERAL DONATION | Evansville, IN | $165K | 2023 |
| The PantheonGENERAL DONATION | Vincennes, IN | $150K | 2023 |
| Evansville Rescue MissionGENERAL DONATION | Evansville, IN | $150K | 2023 |
| Rebuilding Together Dayton IncGENERAL DONATION | Dayton, OH | $150K | 2023 |
| Houston Habitat For Humanity IncGENERAL DONATION | Houston, TX | $150K | 2023 |
| Dream Center EvansvilleGENERAL DONATION | Evansville, IN | $143K | 2023 |
| Local Initiatives Support CorporationGENERAL DONATION | New York, TX | $132K | 2023 |
| Ohio Governor'S Imagination LibraryGENERAL DONATION | Dublin, OH | $125K | 2023 |
| Greater Muncie In Habitat For HumanityGENERAL DONATION | Muncie, IN | $125K | 2023 |
| Lone Star College FoundationGENERAL DONATION | The Woodlands, TX | $121K | 2023 |
| United Way Of The Wabash Valley IncGENERAL DONATION | Terre Haute, IN | $121K | 2023 |
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| Urban Homeworks IncGENERAL DONATION | Minneapolis, MN | $100K | 2023 |
| Vision Galvestonbuild GalvestonGENERAL DONATION | Galveston, TX | $100K | 2023 |
| Children'S Museum HoustonGENERAL DONATION | Houston, TX | $100K | 2023 |
| Wesley Community Center Inc (Tx)GENERAL DONATION | Houston, TX | $100K | 2023 |
| Greater Houston PartnershipGENERAL DONATION | Houston, TX | $100K | 2023 |
| Westcare Ohio IncGENERAL DONATION | Dayton, OH | $100K | 2023 |
| Air Force Museum Foundation IncGENERAL DONATION | Wrightpatterson Air F, OH | $100K | 2023 |
| Rebuilding Together HoustonGENERAL DONATION | Houston, TX | $100K | 2023 |
| AeonGENERAL DONATION | Minneapolis, MN | $100K | 2023 |
| Community Fdn Of Bloomington And Monroe County IncGENERAL DONATION | Bloomington, IN | $93K | 2023 |
| National Math And Science InitiativeGENERAL DONATION | Dallas, TX | $85K | 2023 |
| Ser-Jobs For Progress Of The Texas Gulf Coast Inc (Serjobs)GENERAL DONATION | Houston, TX | $80K | 2023 |
| Urban Light Christian Development Corporation Dba Urban Light Community DevGENERAL DONATION | Muncie, IN | $80K | 2023 |
| Junior Achievement Of Southwestern InGENERAL DONATION | Evansville, IN | $79K | 2023 |
| Comp U-Dopt IncGENERAL DONATION | Houston, TX | $76K | 2023 |
| Greater Twin Cities United WayGENERAL DONATION | Minneapolis, MN | $76K | 2023 |
| The Artist Boat IncGENERAL DONATION | Galveston, TX | $75K | 2023 |