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Psalm 25 10 Foundation is a private corporation based in FORT WORTH, TX. The foundation received its IRS ruling in 2008. The principal officer is % David C Shanks. It holds total assets of $71.4M. Annual income is reported at $51K. The foundation operates in the area of philanthropy & grantmaking. According to available records, Psalm 25 10 Foundation has made 50 grants totaling $16.3M, with a median grant of $100K. Annual giving has grown from $2.6M in 2020 to $3.3M in 2023. Grantmaking activity was highest in 2022 with $6.2M distributed across 18 grants. Individual grants have ranged from $10K to $1.7M, with an average award of $325K. The foundation has supported 17 unique organizations. The foundation primarily supports organizations in Texas, Missouri, Oklahoma, which account for 84% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Psalm 25 10 Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 50 grants. Its grantmaking reaches organizations primarily in TX, MO, OK.
Psalm 25 10 Foundation has distributed a total of $16.3M across 50 grants. The median grant size is $100K, with an average of $325K. Individual grants have ranged from $10K to $1.7M.
Psalm 25 10 Foundation typically selects its grantees rather than accepting unsolicited proposals.
Psalm 25 10 Foundation is headquartered in FORT WORTH, TX. While based in TX, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Glenn Hodge | Director | $0 | $0 | $0 |
| Derek Holmes | Director | $0 | $0 | $0 |
| David Shanks | President/Director | $0 | $0 | $0 |
Total Giving
$3.4M
Total Assets
$74.2M
Fair Market Value
$67.8M
Net Worth
$74.2M
Grants Paid
$3.3M
Contributions
$0
Net Investment Income
$1.7M
Distribution Amount
$2.3M
Total: $13.7M
Total Grants
50
Total Giving
$16.3M
Average Grant
$325K
Median Grant
$100K
Unique Recipients
17
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Midwestern Baptist Theological SeminaryGeneral Fund | Kansas City, MO | $1.1M | 2023 |
| International Evangelism AssociationGENERAL FUND | Salado, TX | $525K | 2023 |
| International Mission Board Of The Southern Baptist ConventionsGENERAL FUND | Richmond, VA | $480K | 2023 |
| Beautiful Feet MinistriesGeneral Fund | Fort Worth, TX | $300K | 2023 |
| Travis Avenue Baptist ChurchGeneral Fund | Fort Worth, TX | $300K | 2023 |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| 2015 | 990PF | View |
| Meridian University For Biblical TrainingGeneral FUnd | Sapulpa, OK | $200K | 2023 |
| The Southwestern Baptist Theological SeminaryGeneral Fund | Fort Worth, TX | $200K | 2023 |
| Revive Our HeartsGeneral Fund | Niles, MI | $100K | 2023 |
| Hannibal Lagrange UniversityGeneral Fund | Hannibal, MO | $25K | 2023 |
| Pregnancy Help Center Of Fort WorthGeneral Fund | Fort Worth, TX | $15K | 2023 |
| Fellowship Of Christian AthletesGENERAL FUND | Plano, TX | $10K | 2023 |
| Oklahoma Baptist UniversityGENERAL FUND | Shawnee, OK | $1M | 2022 |
| Gospel Harvesters InternationalGENERAL FUND | Hurst, TX | $15K | 2022 |
| Student Discipleship MinistriesGENERAL FUND | Burleson, TX | $1.7M | 2021 |
| International Mission BoardGENERAL FUND | Richmond, VA | $150K | 2021 |
| Highridge Churchgeneral fund | Fort Worth, TX | $10K | 2021 |
| Christ Chapel Bible Churchgeneral fund | Fort Worth, TX | $200K | 2020 |
HOUSTON, TX
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