SEALY, TX

The Abe And Irene Levine Trust

Quick Facts

EIN: 766100223
Location: SEALY, TX
Phone: (979) 885-9128
Category: Philanthropy & Grantmaking
Total Assets: $3.7M
Annual Income: $427K
IRS Ruling Year: 1996
Organization Type: Non-Operating Foundation
Principal Officer: % Citizens State Bank
Tax Deductibility: Contributions are deductible

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About This Foundation

The Abe And Irene Levine Trust is a private trust based in SEALY, TX. The foundation received its IRS ruling in 1996. The principal officer is % Citizens State Bank. It holds total assets of $3.7M. Annual income is reported at $427K. EDUCATIONAL AND COMMUNITY SUPPORT. According to available records, The Abe And Irene Levine Trust has made 167 grants totaling $944K, with a median grant of $3K. Annual giving has grown from $161K in 2020 to $248K in 2024. Individual grants have ranged from $250 to $165K, with an average award of $6K. The foundation has supported 166 unique organizations. Grant recipients are concentrated in Texas. Contributions to this foundation are tax-deductible.

Application Information

Deadline

SEE ABOVE

Restrictions

PAGE 10, PART XIV, LINE 2(D) SCHOLARSHIP INFORMATION DUE TO THE LIMITED AMOUNT OF INVESTMENT REVENUES ANTICIPATED OVER THE NEXT ONE AND ONE-HALF YEARS, THE AMOUNT OF FUNDS RESERVED FOR SCHOLARSHIPS WILL BE LIMITED. ALL SCHOLARSHIPS WILL BE GIFTS TO SEALY I.S.D. GRADUATES IN AMOUNTS OF $500 TO $1,000 PER SEMESTER FOR ACCREDITED JUNIOR COLLEGES AND FOUR-YEAR UNIVERSITIES. MONIES ARE TO BE EXPENDED FOR BOOKS, TUITION, ROOM AND BOARD. SEALY I.S.D. WILL BE INFORMED OF THE AVAILABILITY OF GIFTS FOR STUDENTS. THERE WILL BE NO CATEGORIES OF SCHOLARSHIP BENEFIT. ALL STUDENTS WILL BE CONSIDERED FOR SCHOLARSHIP REGARDLESS OF RACE, COLOR OR CREED. ALL CANDIDATES WILL BE CONSIDERED REGARDLESS OF EMPLOYMENT OR ECONOMIC STATUS. THERE ARE APPROXIMATELY 100 125 GRADUATES OF SEALY I.S.D. EACH YEAR. EACH STUDENT WILL BE ASKED TO SUBMIT AN APPLICATION FOR EACH SEMESTER OF SCHOOL THAT INCLUDES THE MOST RECENT ACADEMIC TRANSCRIPT. A COPY OF SUCH APPLICATION IS ENCLOSED WITHIN THIS FILING.

Programs & Activities

EDUCATIONAL AND COMMUNITY SUPPORT

Expenses: $248K

Frequently Asked Questions

What does The Abe And Irene Levine Trust fund?

EDUCATIONAL AND COMMUNITY SUPPORT. Based on available records, the foundation has funded 167 grants. Its grantmaking reaches organizations primarily in TX.

How much does The Abe And Irene Levine Trust give in grants?

The Abe And Irene Levine Trust has distributed a total of $944K across 167 grants. The median grant size is $3K, with an average of $6K. Individual grants have ranged from $250 to $165K.

How do I apply for a grant from The Abe And Irene Levine Trust?

The application deadline is SEE ABOVE. PAGE 10, PART XIV, LINE 2(D) SCHOLARSHIP INFORMATION DUE TO THE LIMITED AMOUNT OF INVESTMENT REVENUES ANTICIPATED OVER THE NEXT ONE AND ONE-HALF YEARS, THE AMOUNT OF FUNDS RESERVED FOR SCHOLARSHIPS WILL BE LIMITED. ALL SCHOLARSHIPS WILL BE GIFTS TO SEALY I.S.D. GRADUATES IN AMOUNTS OF $500 TO $1,000 PER SEMESTER FOR ACCREDITED JUNIOR COLLEGES AND FOUR-YEAR UNIVERSITIES. MONIES ARE TO BE EXPENDED FOR BOOKS, TUITION, ROOM AND BOARD. SEALY I.S.D. WILL BE INFORMED OF THE AVAILABILITY OF GIFTS FOR STUDENTS. THERE WILL BE NO CATEGORIES OF SCHOLARSHIP BENEFIT. ALL STUDENTS WILL BE CONSIDERED FOR SCHOLARSHIP REGARDLESS OF RACE, COLOR OR CREED. ALL CANDIDATES WILL BE CONSIDERED REGARDLESS OF EMPLOYMENT OR ECONOMIC STATUS. THERE ARE APPROXIMATELY 100 125 GRADUATES OF SEALY I.S.D. EACH YEAR. EACH STUDENT WILL BE ASKED TO SUBMIT AN APPLICATION FOR EACH SEMESTER OF SCHOOL THAT INCLUDES THE MOST RECENT ACADEMIC TRANSCRIPT. A COPY OF SUCH APPLICATION IS ENCLOSED WITHIN THIS FILING.

Where is The Abe And Irene Levine Trust located?

The Abe And Irene Levine Trust is headquartered in SEALY, TX.

Key People & Compensation (2024)

Name	Title	Compensation	Benefits	Total
Ryan Svoboda	CO-TRUSTEE	$26K	$0	$26K
Leroy Zapalac	CO-TRUSTEE	$26K	$0	$26K

990 Tax Filings

Year	Return Type	PDF
2024	990PF	View
2023	990PF	View
2022	990PF	View
2021	990PF

Research This Foundation

GuideStar / Candid ProPublica Nonprofit Explorer IRS Tax Exempt Status

Financial Overview

Total Giving

$310K

2023+18%

Total Assets

$3.8M

2023-3%

Fair Market Value

$5.2M

2023

Net Worth

$3.8M

2023

Grants Paid

$248K

2023

Contributions

2023

Net Investment Income

$137K

2023

Distribution Amount

$256K

2023

Total Giving by Year

Asset Growth

Revenue Over Time

Liabilities Over Time

Investment Portfolio (2023)

Total: $3.6M

Corporate Stock (100%)

Cash (0%)

Expense Breakdown (2023)

Revenue Sources (2023)

Dividends: $197K
Other Income: $1K
Gross Rents: $638
Capital Gains (Net): $-15,707

Financial Details (2023)

Total Revenue: $183K
Total Expenses: $310K
Exempt Purpose Expenses: $248K
Required Distribution: $256K
Undistributed Income: $255K
Total Liabilities: $1
Excise Tax: $2K
Tax Due: $2K

Foundation Classification (2023)

Operating FoundationNo

Grants to IndividualsNo

Non-Charity GrantsNo

Lobbying ActivityNo

Excess Business HoldingsNo

Grantmaking Insights

Total Grants

167

Total Giving

$944K

Average Grant

$6K

Median Grant

$3K

Unique Recipients

166

Most Common Grant

$3K

Grant Disbursements by Year

Grant Range

Min$250

Max$165K

Median: $3K

Smallest grantLargest grant

Openness to New Grantees (2024)

of 2024 grantees were first-time recipients

Grant Size Distribution

Geographic Distribution of Grants

TX$944K (167)

Past Grantees

Recipient	Location	Amount	Year
Gordon Memorial Library - Donation - Operating Expenses (Ck 1989)EDUCATIONAL AND COMMUNITY SUPPORT	Sealy, TX	$35K	2024
Sealy Christian Food Pantry - Building Project Donation (Ck 1990)EDUCATIONAL AND COMMUNITY SUPPORT	Sealy, TX	$35K	2024
Bluebonnet Master Gardeners Association - Includes Special Projects & MaintEDUCATIONAL AND COMMUNITY SUPPORT	Sealy, TX	$20K	2024
Helping One Another Meals On Wheels - Donation (Ck 1992)EDUCATIONAL AND COMMUNITY SUPPORT	Sealy, TX	$10K	2024
Sealy Historical Society - Donation (Ck 1993)EDUCATIONAL AND COMMUNITY SUPPORT