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Life Foundation is a private trust based in AUSTIN, TX. The foundation received its IRS ruling in 1996. The principal officer is Brian Follett. It holds total assets of $2.6M. Annual income is reported at $76K. Total assets have grown from $832K in 2011 to $1.4M 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 2020 to 2023. According to available records, Life Foundation has made 2 grants totaling $118K, with a median grant of $59K. Annual giving has decreased from $78K in 2020 to $40K in 2021. Individual grants have ranged from $40K to $78K, with an average award of $59K. The foundation has supported 2 unique organizations. 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.
Life Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 2 grants. Its grantmaking reaches organizations primarily in TX.
Life Foundation has distributed a total of $118K across 2 grants. The median grant size is $59K, with an average of $59K. Individual grants have ranged from $40K to $78K.
Life Foundation typically selects its grantees rather than accepting unsolicited proposals.
Life Foundation is headquartered in AUSTIN, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Brian R Follett | TRUSTEE | $0 | $0 | N/A |
| Bernice Follett | TRUSTEE | $0 | $0 | N/A |
Total Giving
$157K
Total Assets
$1.4M
Fair Market Value
$1.4M
Net Worth
$1.4M
Grants Paid
$126K
Contributions
$700
Net Investment Income
$67K
Distribution Amount
$63K
Total: N/A
Total Grants
2
Total Giving
$118K
Average Grant
$59K
Median Grant
$59K
Unique Recipients
2
Most Common Grant
$78K
of 2021 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Valor Texas Education FoundationEXPANSION PROJECT | Austin, TX | $40K | 2021 |
| St Louis Catholic SchoolEDUCATIONAL | Austin, TX | $78K | 2020 |