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Spears Charitable Trust is a private trust based in LUBBOCK, TX. The foundation received its IRS ruling in 1992. It holds total assets of $2.7M. Annual income is reported at $174K. Total assets have grown from $1M in 2011 to $2.7M in 2023. The foundation is governed by 1 officer or trustee. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2017 to 2023. Grantmaking is concentrated in Texas. According to available records, Spears Charitable Trust has made 66 grants totaling $549K, with a median grant of $8K. Annual giving has grown from $100K in 2020 to $130K in 2023. Grantmaking activity was highest in 2022 with $204K distributed across 26 grants. Individual grants have ranged from $500 to $35K, with an average award of $8K. The foundation has supported 23 unique organizations. The foundation primarily supports organizations in Texas, Indiana, Oklahoma, which account for 89% of all grants. Grantmaking reaches organizations across 8 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$4K
Average Grant
$6K
Largest Grant
$25K
Based on 16 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.
Spears Charitable Trust is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 66 grants. Its grantmaking reaches organizations primarily in TX, IN, OK.
Spears Charitable Trust has distributed a total of $549K across 66 grants. The median grant size is $8K, with an average of $8K. Individual grants have ranged from $500 to $35K.
Spears Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
Spears Charitable Trust is headquartered in LUBBOCK, TX. While based in TX, the foundation distributes grants to organizations across 8 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Cathleen Spears | CO-TRUSTEE | $0 | $0 | N/A |
Total Giving
$133K
Total Assets
$2.7M
Fair Market Value
$2.8M
Net Worth
$2.7M
Grants Paid
$130K
Contributions
$248K
Net Investment Income
$75K
Distribution Amount
$126K
Total: $2.3M
Total Grants
66
Total Giving
$549K
Average Grant
$8K
Median Grant
$8K
Unique Recipients
23
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| First Baptist ChurchGENERAL OPERATIONS | Lubbock, TX | $10K | 2023 |
| Generation NextGENERAL OPERATIONS | Lake Dallas, TX | $10K | 2023 |
| Pre-BornGENERAL PURPOSES | Indianapolis, IN | $35K | 2023 |
| Oklahoma Baptist UniversitySCHOLARSHIP | Shawnee, OK | $10K | 2023 |
| Texas Baptist Missions FoundationGENERAL PURPOSES | Dallas, TX | $10K | 2023 |
| Children'S Bereavement CenterGENERAL OPERATIONS | San Antonio, TX | $10K | 2023 |
| Baylor UniversitySCHOLARSHIP | Waco, TX | $10K | 2023 |
| Dallas Baptist UniversityGENERAL OPERATIONS | Dallas, TX | $10K | 2023 |
| Murphy MinistriesGENERAL PURPOSES | Lubbock, TX | $5K | 2023 |
| Redeemer ChurchGENERAL OPERATIONS | Lubbock, TX | $5K | 2023 |
| Wayland Baptist UniversitySCHOLARSHIP | Lubbock, TX | $5K | 2023 |
| Baptist University Of The AmericasGENERAL OPERATIONS | San Antonio, TX | $5K | 2023 |
| Peo FoundationGENERAL OPERATIONS | Des Moines, IA | $3K | 2023 |
| Partners In Development WorldwideGENERAL OPERATIONS | Lubbock, TX | $2K | 2023 |
| Vcy America IncGENERAL PURPOSES | Milwaukee, WI | $12K | 2021 |
| American Family RadioGENERAL PURPOSES | Tupelo, MS | $12K | 2021 |