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Also known as: C/O FROST NATIONAL BANK
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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 $9.3M. Annual income is reported at $2.8M. Total assets have grown from $5.6M in 2011 to $8.4M in 2023. The foundation is governed by 1 officer or trustee. Provides interest-free loans to needy/worthy students who are texas residents and who attend higher educcation schools in the state of texas. Tax records are available from 2016 to 2023. 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.
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| 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
N/A
Net Investment Income
$453K
Distribution Amount
N/A
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 |