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Lanette And Rick Hale Foundation is a private corporation based in HOUSTON, TX. The foundation received its IRS ruling in 2005. The principal officer is Richard Charles Hale. It holds total assets of $536K. Annual income is reported at $1.1M. Total assets have grown from $310K in 2011 to $501K in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Lanette And Rick Hale Foundation has made 5 grants totaling $117K, with a median grant of $25K. Annual giving has grown from $20K in 2020 to $25K in 2023. Grantmaking activity was highest in 2022 with $52K distributed across 2 grants. Individual grants have ranged from $20K to $26K, with an average award of $23K. Grant recipients are concentrated in Texas. Contributions to this foundation are tax-deductible.
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.
Lanette And Rick Hale Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in TX.
Lanette And Rick Hale Foundation has distributed a total of $117K across 5 grants. The median grant size is $25K, with an average of $23K. Individual grants have ranged from $20K to $26K.
Lanette And Rick Hale Foundation typically selects its grantees rather than accepting unsolicited proposals.
Lanette And Rick Hale Foundation is headquartered in HOUSTON, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Lanette Hale | TRUSTEE | $0 | $0 | N/A |
| Richard Hale | TRUSTEE | $0 | $0 | N/A |
Total Giving
$30K
Total Assets
$501K
Fair Market Value
$503K
Net Worth
$501K
Grants Paid
$25K
Contributions
$40K
Net Investment Income
$7K
Distribution Amount
$24K
Total: $386K
Total Grants
5
Total Giving
$117K
Average Grant
$23K
Median Grant
$25K
Unique Recipients
1
Most Common Grant
$26K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Dallas Seminary FoundationSCHOLARSHIPS | Dallas, TX | $25K | 2023 |