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Also known as: EDUCATIONAL FOUNDATION
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Jack & Katherine Pearce Educational Foundation is a private association based in GALVESTON, TX. The foundation received its IRS ruling in 1950. The principal officer is Frost Bank. It holds total assets of $4M. Annual income is reported at $1.2M. Total assets have grown from $1.9M in 2011 to $3.7M in 2023. The foundation is governed by 4 officers and trustees. Providing interest free loans to qualified residents of galveston, texas, who enroll as full-time students at an institution of higher learning in the u.s. Tax records are available from 2018 to 2023. According to available records, Jack & Katherine Pearce Educational Foundation has made 28 grants totaling $213K, with a median grant of $5K. Annual giving has decreased from $80K in 2021 to $60K in 2023. Individual grants have ranged from $3K to $80K, with an average award of $8K. The foundation has supported 22 unique organizations. Grant recipients are concentrated in Texas. Contributions to this foundation are tax-deductible.
Providing interest free loans to qualified residents of galveston, texas, who enroll as full-time students at an institution of higher learning in the u.s.
Expenses: $113K
Providing interest free loans to qualified residents of galveston, texas, who enroll as full-time students at an institution of higher learning in the u.s. Based on available records, the foundation has funded 28 grants. Its grantmaking reaches organizations primarily in TX.
Jack & Katherine Pearce Educational Foundation has distributed a total of $213K across 28 grants. The median grant size is $5K, with an average of $8K. Individual grants have ranged from $3K to $80K.
The application deadline is APPLICATIONS ACCEPTED JANUARY THROUGH MARCH EACH YEAR.. Awards have been limited to worthy young people of galveston to obtain college &/or professional education.
Jack & Katherine Pearce Educational Foundation is headquartered in GALVESTON, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Frost Bank | TRUSTEE | $63K | $0 | $63K |
| Richard Mann | DIRECTOR | $0 | $0 | N/A |
| Reverend Jimmy Abbott | DIRECTOR | $0 | $0 | N/A |
| Maureen Mccutchen | DIRECTOR | $0 | $0 | N/A |
Total Giving
$129K
Total Assets
$3.7M
Fair Market Value
$4.4M
Net Worth
$3.7M
Grants Paid
$60K
Contributions
N/A
Net Investment Income
$204K
Distribution Amount
N/A
Total: N/A
Total Grants
28
Total Giving
$213K
Average Grant
$8K
Median Grant
$5K
Unique Recipients
22
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Courtney MackEDUCATIONAL | Galveston, TX | $5K | 2023 |
| Bianca LobodinEDUCATIONAL | Galveston, TX | $5K | 2023 |
| Brooke CromieEDUCATIONAL | Galveston, TX | $5K | 2023 |
| James JobeEDUCATIONAL | Galveston, TX | $5K | 2023 |
| James StevensEDUCATIONAL | Galveston, TX | $5K | 2023 |
| Kyle Nathan TanEDUCATIONAL | Galveston, TX | $5K | 2023 |
| Leonard ClarkEDUCATIONAL | Galveston, TX | $5K | 2023 |
| Preeti JosephEDUCATIONAL | Galveston, TX | $5K | 2023 |
| Robert SchulzEDUCATIONAL | Galveston, TX | $5K | 2023 |
| Robin HatherillEDUCATIONAL | Galveston, TX | $5K | 2023 |
| Shaifer GoalenEDUCATIONAL | Galveston, TX | $5K | 2023 |
| Taylor PolzinEDUCATIONAL | Galveston, TX | $5K | 2023 |
| Grant DavisonEDUCATIONAL | Galveston, TX | $5K | 2022 |
| Nicholas ZompaEDUCATIONAL | Galveston, TX | $5K | 2022 |
| Emma ZompaEDUCATIONAL | Galveston, TX | $5K | 2022 |
| Kathryn JobeEDUCATIONAL | Galveston, TX | $5K | 2022 |
| Marie LivanecEDUCATIONAL | Galveston, TX | $5K | 2022 |
| Hannah MartinEDUCATIONAL | Dickinson, TX | $5K | 2022 |
| David RaschkeEDUCATIONAL | Galveston, TX | $5K | 2022 |
| Camryn SpringerEDUCATIONAL | Galveston, TX | $5K | 2022 |
| Ryan DoradoEDUCATIONAL | Galveston, TX | $3K | 2022 |
| See Attached ListEDUCATIONAL | Galveston, TX | $80K | 2021 |