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Saramco Foundation is a private corporation based in HOUSTON, TX. The foundation received its IRS ruling in 2007. The principal officer is James Gilligan. It holds total assets of $4.9M. Annual income is reported at $780K. Total assets have grown from $2.9M in 2011 to $4.5M in 2023. The foundation is governed by 4 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. The foundation primarily funds organizations in Texas and Utah. According to available records, Saramco Foundation has made 54 grants totaling $2.1M, with a median grant of $25K. The foundation has distributed between $380K and $840K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $840K distributed across 22 grants. Individual grants have ranged from $5K to $130K, with an average award of $38K. The foundation has supported 20 unique organizations. Grants have been distributed to organizations in Texas and Utah and Illinois. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$20K
Average Grant
$38K
Largest Grant
$125K
Based on 10 grants from the most recent 990-PF filing.
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.
Saramco Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 54 grants. Its grantmaking reaches organizations primarily in TX, UT, IL.
Saramco Foundation has distributed a total of $2.1M across 54 grants. The median grant size is $25K, with an average of $38K. Individual grants have ranged from $5K to $130K.
Saramco Foundation typically selects its grantees rather than accepting unsolicited proposals.
Saramco Foundation is headquartered in HOUSTON, TX. While based in TX, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Amy Macon | Officer | $0 | $0 | N/A |
| James A Gilligan | President | $0 | $0 | N/A |
| Julie Gilligan | Secretary | $0 | $0 | N/A |
| Sarah Sikorski | Officer | $0 | $0 | N/A |
Total Giving
$437K
Total Assets
$4.5M
Fair Market Value
$7.8M
Net Worth
$4.5M
Grants Paid
$430K
Contributions
$154K
Net Investment Income
$203K
Distribution Amount
$364K
Total: $4.4M
Total Grants
54
Total Giving
$2.1M
Average Grant
$38K
Median Grant
$25K
Unique Recipients
20
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Harbor Christian AcademyGeneral Operations | Houston, TX | $35K | 2023 |
| Small Steps Nurturing CenterGeneral Operations | Houston, TX | $130K | 2023 |
| Yellowstone AcademyGeneral Operations | Houston, TX | $90K | 2023 |
| Cristo Rey Jesuity HoustonGeneral Operations | Houston, TX | $50K | 2023 |
| Pc TotsGeneral Operations | Park City, UT | $25K | 2023 |
| OnegoalGeneral Operations | Houston, TX | $25K | 2023 |
| Chinquapin Preparatory SchoolGeneral Operations | Highlands, TX | $25K | 2023 |
| Kipp TexasGeneral Operations | Houston, TX | $20K | 2023 |
| NestquestGeneral Operations | Houston, TX | $10K | 2023 |
| Search Homeless ServicesGeneral Operations Tiny Treasure School | Houston, TX | $10K | 2023 |
| The Nehemiah CenterGeneral Operations | Houston, TX | $10K | 2023 |
| Cristo Rey Jesuit HoustonGeneral Operations | Houston, TX | $50K | 2022 |
| Nehemiah CenterGeneral Operations | Houston, TX | $10K | 2022 |
| Harbor Christian AdademyGeneral Operations | Houston, TX | $25K | 2021 |
| Commmunities In SchoolsGeneral Operations | Houston, TX | $15K | 2021 |
| Yellowston AcademyGeneral Operations | Houston, TX | $85K | 2020 |
| Cristo Rey JesuitGeneral Operations | Houston, TX | $60K | 2020 |
| Kipp AcademyGeneral Operations | Houston, TX | $20K | 2020 |