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The 40 Foundation is a private corporation based in BAYTOWN, TX. The foundation received its IRS ruling in 2018. It holds total assets of $5K. Annual income is reported at $2K. Total assets have decreased from $7K in 2019 to $4K in 2023. The foundation is governed by 6 officers and trustees. Houston Christian University Endowed Scholarship - The Garrett Dolan Scholarship. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2018 to 2023. According to available records, The 40 Foundation has made 5 grants totaling $27K, with a median grant of $5K. Annual giving has decreased from $8K in 2020 to $1K in 2023. Grantmaking activity was highest in 2022 with $10K distributed across 2 grants. Individual grants have ranged from $1K to $8K, with an average award of $5K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Texas. Contributions to this foundation are tax-deductible.
Houston Baptist University Endowed Scholarship - The Garrett Dolan Scholarship
Expenses: $8K
Barbers Hill High School - The 40 Foundation Senior Scholarship -3 50000
Expenses: $2K
Houston Christian University Endowed Scholarship - The Garrett Dolan Scholarship. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in TX.
The 40 Foundation has distributed a total of $27K across 5 grants. The median grant size is $5K, with an average of $5K. Individual grants have ranged from $1K to $8K.
The 40 Foundation typically selects its grantees rather than accepting unsolicited proposals.
The 40 Foundation is headquartered in BAYTOWN, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Asley Dolan | Treasurer | $0 | $0 | N/A |
| Brett Dolan | President | $0 | $0 | N/A |
| Cathy Dolan | Vice President | $0 | $0 | N/A |
| David Elter | Director | $0 | $0 | N/A |
| Sheri Elter | Director | $0 | $0 | N/A |
| Jared Dixon | Secretary | $0 | $0 | N/A |
Total Giving
$4K
Total Assets
$4K
Fair Market Value
N/A
Net Worth
$4K
Grants Paid
$3K
Contributions
$3K
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
5
Total Giving
$27K
Average Grant
$5K
Median Grant
$5K
Unique Recipients
2
Most Common Grant
$8K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Houston Christian UniversityThe Garrett Dolan Endowed Scholarship | Houston, TX | $1K | 2023 |
| Houston Baptist UniversityThe Garrett Dolan Endowed Scholarship | Houston, TX | $8K | 2021 |