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CORP CHRISTI, TX

Ed Rachal Foundation

Quick Facts

EIN
741116595
Location
CORP CHRISTI, TX
Category
Religion
Total Assets
$825.4M
Annual Income
$144.1M
IRS Ruling Year
1997
Organization Type
Corporation
Tax Deductibility
Contributions are deductible

About This Foundation

Ed Rachal Foundation is a private corporation based in CORP CHRISTI, TX. The foundation received its IRS ruling in 1997. It holds total assets of $825.4M. Annual income is reported at $144.1M. The foundation operates in the area of religion. Contributions to this foundation are tax-deductible.

View 990 Filings

Financial Overview

Total Giving

$53.5M

2023+0%

Total Assets

$723.6M

2023+0%

Fair Market Value

N/A

2023

Net Worth

$700.6M

2023

Grants Paid

N/A

2023

Contributions

$6K

2023

Net Investment Income

$69M

2023

Distribution Amount

$26M

2023

Total Giving by Year

$5.5M
10
$7.8M
11
$12.7M
12
$19.2M
13
$18.6M
14
$18.6M
15
$35.3M
18
$35.6M
19
$30.1M
20
$39.6M
21
$53.5M
22
$53.5M
23

Asset Growth

$65.6M
10
$96.4M
11
$148.3M
12
$425.3M
13
$509.6M
14
$509.6M
15
$549.1M
18
$503.1M
19
$525.9M
20
$646.1M
21
$723.6M
22
$723.6M
23

Financial Details (2023)

Total Revenue
$90.1M
Total Expenses
$53.5M
Required Distribution
$26M
Total Liabilities
$23.1M

Grantmaking Insights

Total Grants

50

Total Giving

$22.6M

Average Grant

$452K

Median Grant

$100K

Grant Range

Min$50K
Max$6.8M
Median: $100K
Smallest grantLargest grant

Geographic Distribution of Grants

AK
ME
VT
NH
WA
ID
MT
ND
MN
WI
MI
NY
MA
CT
RI
OR
NV
WY
SD
IA
IL
IN
OH
PA
NJ
CA
UT
CO
NE
MO
KY
WV
VA
MD
DE
DC
AZ
NM
KS
AR
TN
NC
SC
OK
LA
MS
AL
GA
FL
HI
TX
TX: $22.6M (50)
TX$22.6M (50)

Past Grantees

RecipientLocationAmountYear
Asset Purchases Treated As Qualifying DistributioAPCorpus Christi, TX$6.8M2023
Louise Allen FoundationPSCorpus Christi, TX$5.2M2023
Palacios Marine Agricultural ResearchPSCorpus Christi, TX$2.5M2023
City Of Corpus Christi - Lamar LocationsAPCorpus Christi, TX$2.3M2023
University Of Texas Md Anderson CenterGOHouston, TX$500K2023
Mission 911GOCorpus Christi, TX$300K2023
City Of Palacios - Pool & Tennis Court DonationAPPalacios, TX$300K2023
Agape RanchASSET PURCHASE (AP)Corpus Christi, TX$275K2023
Washington On The Brazos Historical FdnGOWashington, TX$250K2023
Texas A&M University - Corpus ChristiGOCorpus Christi, TX$250K2023
Coastal Bend Community FoundationPSCorpus Christi, TX$215K2023
City Of PalaciosGOPalacios, TX$208K2023
Ymca Of The Coastal BendGOCorpus Christi, TX$201K2023
Diocese Of Corpus ChristiGOCorpus Christi, TX$200K2023
Texas A&M FoundationPSCollege Station, TX$195K2023
Incarnate Word AcademyPSCorpus Christi, TX$153K2023
Dallas Zoological SocietyGODallas, TX$150K2023
Annapolis Christian AcademySCHOLARSHIPS (SC)Corpus Christi, TX$150K2023
Palacios IsdPSPalacios, TX$125K2023
Friends Of The Palacios Library IncGOPalacios, TX$112K2023
Sacred Heart Catholic SchoolGOUvalde, TX$106K2023
Port Aransas Art CenterGOPort Aransas, TX$100K2023
Peewee'S Pet Adoption World & SanctuaryPSCorpus Christi, TX$100K2023
West Side Helping HandGOCorpus Christi, TX$100K2023
Corpus Christi Pregnancy CenterGOCorpus Christi, TX$100K2023
Texas Children'S HospitalPSHouston, TX$100K2023
The CatteryGOCorpus Christi, TX$90K2023
Palacios Area Historical AssociationPSPalacios, TX$85K2023
Cherokee Home For ChildrenPSCherokee, TX$85K2023
Rise School Of Corpus ChristiPSCorpus Christi, TX$85K2023
Aransas County Isd Education FoundationGORockport, TX$80K2023
Brookwood In Georgetown VocationalGOGeorgetown, TX$75K2023
Agora MinistriesGENERAL OPERATING (GO)San Antonio, TX$75K2023
Episcopal Diocese Of West TexasGOSan Antonio, TX$75K2023
University Of Texas Medical BranchGOGalveston, TX$75K2023
Sunny Glen Children'S HomePSSan Benito, TX$75K2023
Camp AranzazuPSRockport, TX$75K2023
Our JourneyGOKaty, TX$75K2023
St James Episcopal SchoolGOCorpus Christi, TX$75K2023
Habitat For Humanity - Corpus ChristiGOCorpus Christi, TX$73K2023
American Heart AssociationGOCorpus Christi, TX$65K2023
Texas Maritime Museum Association IncPSRockport, TX$65K2023
Matagorda Bay FoundationPSBrazoria, TX$65K2023
Lone Star Flight MuseumAPHouston, TX$50K2023
Buckner Children And Family ServicesGOMission, TX$50K2023
Buc CommissionCCCorpus Christi, TX$50K2023
Kleberg CountyGOKingsville, TX$50K2023
Nehemiah CenterGOHouston, TX$50K2023
Brooks County Sheriff'S OfficeGOFalfurrias, TX$50K2023
First Baptist Church BurnetPSBurnet, TX$50K2023

990-PF Filings

Tax PeriodReturn TypeView
2023-08990PFView Filing
2022-08990PFView Filing
2021-08990PFView Filing
2020-08990PFView Filing
2018-08990PFView Filing
2017-08990PFView Filing
2016-08990PFView Filing

Filings sourced from IRS e-file index. View all on ProPublica

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