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Richard & Florence Craddock Gusman Trust is a private trust based in BAY CITY, TX. The foundation received its IRS ruling in 1989. It holds total assets of $847K. Annual income is reported at $138K. The foundation is governed by 7 officers and trustees. The trust distributes income each year to the organiza- tions listed on the schedule attached to part i, line 25. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Texas. According to available records, Richard & Florence Craddock Gusman Trust has made 33 grants totaling $74K, with a median grant of $627. Annual giving has grown from $22K in 2021 to $28K in 2023. Individual grants have ranged from $157 to $13K, with an average award of $2K. The foundation has supported 11 unique organizations. Grant recipients are concentrated in Texas. Contributions to this foundation are tax-deductible.
Smallest Grant
$158
Median Grant
$600
Average Grant
$2K
Largest Grant
$11K
Based on 11 grants from the most recent 990-PF filing.
The trust distributes income each year to the organiza- tions listed on the schedule attached to part i, line 25.
Expenses: $1K
The trust distributes income each year to the organiza- tions listed on the schedule attached to part i, line 25. Based on available records, the foundation has funded 33 grants. Its grantmaking reaches organizations primarily in TX.
Richard & Florence Craddock Gusman Trust has distributed a total of $74K across 33 grants. The median grant size is $627, with an average of $2K. Individual grants have ranged from $157 to $13K.
Richard & Florence Craddock Gusman Trust typically selects its grantees rather than accepting unsolicited proposals.
Richard & Florence Craddock Gusman Trust is headquartered in BAY CITY, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Percy Carroll | VICE CHAIRPE | $0 | $0 | N/A |
| Tim Hall | TRUSTEE | $0 | $0 | N/A |
| David Burkhart | TRUSTEE | $0 | $0 | N/A |
| Stewart Hutson | TRUSTEE | $0 | $0 | N/A |
| David Salidavar | TRUSTEE | $0 | $0 | N/A |
| Judy Sansing | TRUSTEE | $0 | $0 | N/A |
| Troy Hatchett | CHAIRPERSON | $0 | $0 | N/A |
Total Giving
$30K
Total Assets
$846K
Fair Market Value
$1.2M
Net Worth
$846K
Grants Paid
$28K
Contributions
N/A
Net Investment Income
$35K
Distribution Amount
$55K
Total: $523K
Total Grants
33
Total Giving
$74K
Average Grant
$2K
Median Grant
$627
Unique Recipients
11
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| American Cancer SocietyGENERAL OPERATING FUND | Victoria, TX | $196 | 2023 |
| First United Methodist ChGENERAL OPERATING FUND | Bay City, TX | $13K | 2023 |
| Matagorda County MuseumGENERAL OPERATING FUND | Bay City, TX | $7K | 2023 |
| Bay City Library AssnENDOWMENT FUND | Bay City, TX | $2K | 2023 |
| Southwestern UniversitySCHOLARSHIP FUND | Georgetown, TX | $2K | 2023 |
| Bay City Little League AssocGENERAL OPERATING FUND | Bay City, TX | $843 | 2023 |
| Bay City Volunteer Fire DGENERAL OPERATING FUND | Bay City, TX | $843 | 2023 |
| Methodist Home OrphanageGENERAL OPERATING FUND | Waco, TX | $562 | 2023 |
| Matagorda County Fair & Livestock AGENERAL OPERATING FUND | Bay City, TX | $562 | 2023 |
| Bay City 100 ClubGENERAL OPERATING FUND | Bay City, TX | $224 | 2023 |
| United Way AgenciesGENERAL OPERATING FUND | Bay City, TX | $196 | 2023 |