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Teas Foundation is a private trust based in AMARILLO, TX. The foundation received its IRS ruling in 2021. The principal officer is % Celia Waldrop Vp & To. It holds total assets of $3M. Annual income is reported at $1.1M. PROVIDES FUNDS TO SEVERAL CHARITIES FOR THE TEAS FOUNDATION A SEC 509(A)(3) SUPPORTING ORGANIZATION. According to available records, Teas Foundation has made 9 grants totaling $777K, with a median grant of $94K. Annual giving has decreased from $563K in 2022 to $214K in 2023. Individual grants have ranged from $71K to $94K, with an average award of $86K. The foundation has supported 3 unique organizations. Grants have been distributed to organizations in Texas and California. Contributions to this foundation are tax-deductible.
PROVIDES FUNDS TO SEVERAL CHARITIES FOR THE TEAS FOUNDATION A SEC 509(A)(3) SUPPORTING ORGANIZATION
Expenses: $214K
PROVIDES FUNDS TO SEVERAL CHARITIES FOR THE TEAS FOUNDATION A SEC 509(A)(3) SUPPORTING ORGANIZATION. Based on available records, the foundation has funded 9 grants. Its grantmaking reaches organizations primarily in TX, CA.
Teas Foundation has distributed a total of $777K across 9 grants. The median grant size is $94K, with an average of $86K. Individual grants have ranged from $71K to $94K.
Teas Foundation typically selects its grantees rather than accepting unsolicited proposals.
Teas Foundation is headquartered in AMARILLO, TX. While based in TX, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Amarillo National Bank - Trust Dep | TRUSTEE | $0 | $0 | $0 |
Total Giving
$293K
Total Assets
$2.9M
Fair Market Value
$3.9M
Net Worth
$2.9M
Grants Paid
$214K
Contributions
$0
Net Investment Income
$268K
Distribution Amount
$191K
Total Grants
9
Total Giving
$777K
Average Grant
$86K
Median Grant
$94K
Unique Recipients
3
Most Common Grant
$94K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| First United Methodist Church Of CanadianTO HELP FURTHER THE REACH OF THE METHODIST CHURCH IN CANADIAN, TEXAS | Canadian, TX | $71K | 2023 |
| Family Support Services Of AmarilloTO FURTHER THE OPERATIONS OF FAMILY SUPPORT SERVICES OF AMARILLO AND HELP PROVIDE SUPPORT TO FAMILIES IN NEED | Amarillo, TX | $71K | 2023 |
| Salvation Army Tuscon Arizona ChapterTO HELP SUPPORT THE GOALS AND WORK OF THE SALVATION ARMY IN THE TUSCON ARIZONA AREA | Rancho Palos Verdes, CA | $71K | 2023 |
TULSA, OK
SARATOGA SPGS, NY
SAINT JOHN, IN
TORRANCE, CA
CHARLOTTE, NC
HOUSTON, TX
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