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Also known as: C/O FROST NATIONAL BANK
Ernest A Mantzel Foundation is a private trust based in GALVESTON, TX. The foundation received its IRS ruling in 1972. The principal officer is % Lindsay Glover. It holds total assets of $8.9M. Annual income is reported at $3.2M. PROVIDES INTEREST-FREE LOANS TO NEEDY/WORTHY STUDENTS WHO ARE TEXAS RESIDENTS AND WHO ATTEND HIGHER EDUCCATION SCHOOLS IN THE STATE OF TEXAS. According to available records, Ernest A Mantzel Foundation has made 4 grants totaling $1.7M, with a median grant of $504K. Annual giving has grown from $144K in 2021 to $484K in 2023. Grantmaking activity was highest in 2022 with $1M distributed across 2 grants. Individual grants have ranged from $144K to $523K, with an average award of $419K. Grant recipients are concentrated in Texas. Contributions to this foundation are tax-deductible.
PROVIDES INTEREST-FREE LOANS TO NEEDY/WORTHY STUDENTS WHO ARE TEXAS RESIDENTS AND WHO ATTEND HIGHER EDUCCATION SCHOOLS IN THE STATE OF TEXAS.
Expenses: $233K
PROVIDES INTEREST-FREE LOANS TO NEEDY/WORTHY STUDENTS WHO ARE TEXAS RESIDENTS AND WHO ATTEND HIGHER EDUCCATION SCHOOLS IN THE STATE OF TEXAS. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in TX.
Ernest A Mantzel Foundation has distributed a total of $1.7M across 4 grants. The median grant size is $504K, with an average of $419K. Individual grants have ranged from $144K to $523K.
The application deadline is SEE ATTACHED APPLICATIONS. SEE ATTACHED APPLICATIONS.
Ernest A Mantzel Foundation is headquartered in GALVESTON, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Frost National Bank | TRUSTEE | $75K | $0 | $75K |
Total Giving
$595K
Total Assets
$8.4M
Fair Market Value
$9.7M
Net Worth
$8.4M
Grants Paid
$484K
Contributions
$0
Net Investment Income
$453K
Distribution Amount
$0
Total: $7.8M
Total Grants
4
Total Giving
$1.7M
Average Grant
$419K
Median Grant
$504K
Unique Recipients
1
Most Common Grant
$523K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See Attached ScheduleEDUCATIONAL LOAN | Galveston, TX | $484K | 2023 |
GALVESTON, TX
GALVESTON, TX
WICHITA FALLS, TX
AUSTIN, TX
OBERLIN, KS
| 2019 | 990PF | View |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
HOUSTON, TX
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