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Also known as: FROST BANK TRUSTEE
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Guido And Ruth Shumake Charitable Trust is a private trust based in FORT WORTH, TX. The foundation received its IRS ruling in 2003. The principal officer is Frost National Bank. It holds total assets of $844K. Annual income is reported at $228K. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2020 to 2023. Grantmaking is concentrated in Texas. According to available records, Guido And Ruth Shumake Charitable Trust has made 90 grants totaling $258K, with a median grant of $2K. The foundation has distributed between $45K and $112K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $112K distributed across 34 grants. Individual grants have ranged from $500 to $10K, with an average award of $3K. The foundation has supported 27 unique organizations. Grants have been distributed to organizations in Texas and Florida. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$2K
Average Grant
$3K
Largest Grant
$10K
Based on 17 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.
Guido And Ruth Shumake Charitable Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 90 grants. Its grantmaking reaches organizations primarily in TX, FL.
Guido And Ruth Shumake Charitable Trust has distributed a total of $258K across 90 grants. The median grant size is $2K, with an average of $3K. Individual grants have ranged from $500 to $10K.
Distributions shall be used for religious, charitable, scientific, testing for public safety, literature or educational purposes, or to foster national or international amateur sports competition (but only if no part of its activities involve the provision of athletic facilities or equipment), or for the prevention of cruelty to children or animals. Awards shall be made only to organizations fitting the foregoing definition and which benefit persons or entities located in the state of texas. The trustee is also authorized to make distributions to charities such as the international red cross, and to designate such distributions for relief of persons in southern ireland; but only if such direction does not disqualify this trust as a 501(c)(3) organization.
Guido And Ruth Shumake Charitable Trust is headquartered in FORT WORTH, TX. While based in TX, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Frost Bank | TRUSTEE | $13K | $0 | $13K |
Total Giving
$60K
Total Assets
$849K
Fair Market Value
$1M
Net Worth
$849K
Grants Paid
$45K
Contributions
N/A
Net Investment Income
$36K
Distribution Amount
$47K
Total: $842K
Total Grants
90
Total Giving
$258K
Average Grant
$3K
Median Grant
$2K
Unique Recipients
27
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Mhmr FoundationOPERATING FUNDS | Fort Worth, TX | $10K | 2023 |
| Jordan Elizabeth Harris FoundationOPERATING FUNDS | Fort Worth, TX | $5K | 2023 |
| Texas Health Resources FoundationOPERATING FUNDS | Arlington, TX | $5K | 2023 |
| Young Women'S Leadership AcademyOPERATING FUNDS | Fort Worth, TX | $3K | 2023 |
| Baylor All Saints Medical Center FwOPERATING FUNDS | Dallas, TX | $3K | 2023 |
| KinderfrogsOPERATING FUNDS | Fort Worth, TX | $3K | 2023 |
| Ronald Mcdonald House Of FwOPERATING FUNDS | Fort Worth, TX | $3K | 2023 |
| The CliburnOPERATING FUNDS | Fort Worth, TX | $2K | 2023 |
| Saving Hope FoundationOPERATING FUNDS | Fort Worth, TX | $2K | 2023 |
| Cristo Rey Fw Catholic High SchoolOPERATING FUNDS | Fort Worth, TX | $2K | 2023 |
| Arlington Museum Of ArtOPERATING FUNDS | Arlington, TX | $2K | 2023 |
| Autistic Treatment CenterOPERATING FUNDS | Dallas, TX | $2K | 2023 |
| American Heart AssociationOPERATING FUNDS | St Petersburg, FL | $1K | 2023 |
| Amon Carter MuseumOPERATING FUNDS | Fort Worth, TX | $1K | 2023 |
| Girls IncOPERATING FUNDS | Fort Worth, TX | $1K | 2023 |
| Bobby Bragan Youth FoundationOPERATING FUNDS | Fort Worth, TX | $1K | 2023 |
| The Labre SocietyOPERATING FUNDS | Fort Worth, TX | $500 | 2023 |
| Cancer Care ServicesOPERATING FUNDS | Fort Worth, TX | $5K | 2022 |
| American Red CrossOPERATING FUNDS | Dallas, TX | $3K | 2022 |