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Patel Family Charitable Trust is a private trust based in VERNON, TX. The foundation received its IRS ruling in 1998. The principal officer is James E Smith. It holds total assets of $101K. Annual income is reported at $30K. Total assets have grown from $51K in 2011 to $102K in 2023. The foundation is governed by 1 officer or trustee. Provision of financial assistance for higher education purposes to five students. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Texas. According to available records, Patel Family Charitable Trust has made 20 grants totaling $23K, with a median grant of $1K. The foundation has distributed between $6K and $12K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $12K distributed across 10 grants. Individual grants have ranged from $1K to $1K, with an average award of $1K. The foundation has supported 10 unique organizations. Grant recipients are concentrated in Texas. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$1K
Average Grant
$1K
Largest Grant
$1K
Based on 5 grants from the most recent 990-PF filing.
Provision of financial assistance for higher education purposes to five students.
Provision of financial assistance for higher education purposes to five students. Based on available records, the foundation has funded 20 grants. Its grantmaking reaches organizations primarily in TX.
Patel Family Charitable Trust has distributed a total of $23K across 20 grants. The median grant size is $1K, with an average of $1K. Individual grants have ranged from $1K to $1K.
The application deadline is First Tuesday in April. Students of Vernon Independent School District.
Patel Family Charitable Trust is headquartered in VERNON, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| James E Smith | Chairman/Trustee | $0 | $0 | N/A |
Total Giving
$8K
Total Assets
$102K
Fair Market Value
$115K
Net Worth
$102K
Grants Paid
$6K
Contributions
N/A
Net Investment Income
$1K
Distribution Amount
$5K
Total: $101K
Total Grants
20
Total Giving
$23K
Average Grant
$1K
Median Grant
$1K
Unique Recipients
10
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Anisha PruittHigher Education | Sheppard Afb, TX | $1K | 2023 |
| Caroline TaylorHigher Education | Vernon, TX | $1K | 2023 |
| Reina QuilodramHigher Education | Vernon, TX | $1K | 2023 |
| Dane KieschnickHigher Education | Vernon, TX | $1K | 2023 |
| Alyssa ChievHigher Education | Carrolton, TX | $1K | 2023 |
| Ronna DennisHigher Education | Vernon, TX | $1K | 2022 |
| Mackenze TerryHigher Education | Henrietta, TX | $1K | 2022 |
| Farai MubvumbaHigher Education | Vernon, TX | $1K | 2020 |
| Dusty EklundHigher Education | Wichita Falls, TX | $1K | 2020 |
| Emma McspaddenHigher Education | Vernon, TX | $1K | 2020 |