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Also known as: CHARITABLE FOUNDATION
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Dr Edward D And Sally M Futch Charitable Foundation Inc. is a private corporation based in GALVESTON, TX. The foundation received its IRS ruling in 1993. The principal officer is W Daniel Vaughn. It holds total assets of $11.4M. Annual income is reported at $2.6M. Total assets have grown from $2.7M in 2011 to $11.4M in 2023. The foundation is governed by 3 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2023. The foundation primarily funds organizations in Texas and Tennessee. According to available records, Dr Edward D And Sally M Futch Charitable Foundation Inc. has made 13 grants totaling $2.6M, with a median grant of $150K. The foundation has distributed between $587K and $697K annually from 2020 to 2023. Individual grants have ranged from $70K to $372K, with an average award of $202K. The foundation has supported 4 unique organizations. Grants have been distributed to organizations in Tennessee and Texas. Contributions to this foundation are tax-deductible.
Smallest Grant
$150K
Median Grant
$170K
Average Grant
$231K
Largest Grant
$372K
Based on 3 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.
Dr Edward D And Sally M Futch Charitable Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 13 grants. Its grantmaking reaches organizations primarily in TN, TX.
Dr Edward D And Sally M Futch Charitable Foundation Inc. has distributed a total of $2.6M across 13 grants. The median grant size is $150K, with an average of $202K. Individual grants have ranged from $70K to $372K.
Dr Edward D And Sally M Futch Charitable Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Dr Edward D And Sally M Futch Charitable Foundation Inc. is headquartered in GALVESTON, TX. While based in TX, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| William C Ansell | TRUSTEE | $1K | $0 | $1K |
| Anne W Brown | TRUSTEE | $1K | $0 | $1K |
| Michael Hughes | TRUSTEE | $1K | $0 | $1K |
Total Giving
$799K
Total Assets
$11.4M
Fair Market Value
$13.7M
Net Worth
$11.4M
Grants Paid
$697K
Contributions
N/A
Net Investment Income
$603K
Distribution Amount
$651K
Total: $6.8M
Total Grants
13
Total Giving
$2.6M
Average Grant
$202K
Median Grant
$150K
Unique Recipients
4
Most Common Grant
$150K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| First Presbyterian ChurchEXTERIOR RESTORATION PROJECT | Galveston, TX | $150K | 2023 |
| Ducks UnlimitedCONSERVE & PROTECT WETLAND HABITAT. | Memphis, TN | $347K | 2023 |
| Rosenberg LibraryRESTORATION OF LIBRARY | Galveston, TX | $100K | 2023 |
| University Of Texas Medical Branch GalvestonPOWELL PROFFESSORSHIP | Galveston, TX | $100K | 2023 |