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Grits Foundation is a private corporation based in HOUSTON, TX. The foundation received its IRS ruling in 1997. The principal officer is George A Peterkin Jr. It holds total assets of $4M. Annual income is reported at $859K. Total assets have grown from $1.9M in 2011 to $4.1M in 2023. The foundation is governed by 4 officers and trustees. The foundation has no direct charitable activity. No other organization or beneficiaries are served. There are no other activities. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Texas. According to available records, Grits Foundation has made 64 grants totaling $1M, with a median grant of $8K. Annual giving has grown from $210K in 2020 to $500K in 2022. Individual grants have ranged from $5K to $100K, with an average award of $16K. The foundation has supported 19 unique organizations. Grants have been distributed to organizations in Texas and California and Massachusetts.
Smallest Grant
$5K
Median Grant
$8K
Average Grant
$19K
Largest Grant
$100K
Based on 16 grants from the most recent 990-PF filing.
The foundation has no direct charitable activity. No other organization or beneficiaries are served. There are no other activities.
The foundation has no direct charitable activity. No other organization or beneficiaries are served. There are no other activities. Based on available records, the foundation has funded 64 grants. Its grantmaking reaches organizations primarily in TX, CA, MA.
Grits Foundation has distributed a total of $1M across 64 grants. The median grant size is $8K, with an average of $16K. Individual grants have ranged from $5K to $100K.
Grits Foundation is a private foundation. To inquire about grants, you can look up the foundation using their EIN (311505617) on GuideStar or contact them directly. Many private foundations have specific application processes that may not be publicly listed.
Grits Foundation is headquartered in HOUSTON, TX. While based in TX, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Susan Peterkin Hey | SEC., DIR. | $0 | $0 | N/A |
| Lynn Peterkin | DIRECTOR | $0 | $0 | N/A |
| George A Peterkin Iii | V-P, DIRECTOR | $0 | $0 | N/A |
| John T Peterkin | PRESIDENT | $0 | $0 | N/A |
Total Giving
$298K
Total Assets
$4.1M
Fair Market Value
$6.2M
Net Worth
$4.1M
Grants Paid
$290K
Contributions
N/A
Net Investment Income
$170K
Distribution Amount
$292K
Total: $4M
Total Grants
64
Total Giving
$1M
Average Grant
$16K
Median Grant
$8K
Unique Recipients
19
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Casa De EsperanzaTO FUND CHARITABLE ACTIVITIES | Houston, TX | $5K | 2022 |
| Planned ParenthoodTO FUND CHARITABLE ACTIVITIES | Houston, TX | $80K | 2022 |
| Texas Children'S HospitalTO FUND CHARITABLE ACTIVITIES | Houston, TX | $75K | 2022 |
| Neuhaus Education CenterTO FUND CHARITABLE ACTIVITIES | Bellaire, TX | $10K | 2022 |
| Teach For AmericaTO FUND CHARITABLE ACTIVITIES | Houston, TX | $10K | 2022 |
| The Rise SchoolTO FUND CHARITABLE ACTIVITIES | Houston, TX | $10K | 2022 |
| Urban HarvestTO FUND CHARITABLE ACTIVITIES | Houston, TX | $10K | 2022 |
| Communities In SchoolTO FUND CHARITABLE ACTIVITIES | Houston, TX | $10K | 2022 |
| Medical BridgesTO FUND CHARITABLE ACTIVITIES | Houston, TX | $5K | 2022 |
| Small Steps Nurturing CenterTO FUND CHARITABLE ACTIVITIES | Houston, TX | $5K | 2022 |
| Archaeological Institute Of AmericaTO FUND CHARITABLE ACTIVITIES | Boston, MA | $5K | 2022 |
| Houston Arboretum & Nature CenterTO FUND CHARITABLE ACTIVITIES | Houston, TX | $5K | 2022 |
| Cohen Bray House OaklandTO FUND CHARITABLE ACTIVITIES | Oakland, CA | $5K | 2022 |
| Glenwood FoundationTO FUND CHARITABLE ACTIVITIES | Houston, TX | $5K | 2022 |
| Houston Museum Of Natural SciencesTO FUND CHARITABLE ACTIVITIES | Houston, TX | $5K | 2022 |
| Spca Of Solano CountyTO FUND CHARITABLE ACTIVITIES | Vacaville, CA | $5K | 2022 |
| Save Buffalo BayouTO FUND CHARITABLE ACTIVITIES | Houston, TX | $5K | 2021 |