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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. Total assets have grown from $18K in 2021 to $2.9M in 2023. The foundation is governed by 1 officer or trustee. Provides funds to several charities for the teas foundation a sec 509(a)(3) supporting organization. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2021 to 2023. 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 | N/A |
Total Giving
$293K
Total Assets
$2.9M
Fair Market Value
$3.9M
Net Worth
$2.9M
Grants Paid
$214K
Contributions
N/A
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 |