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The Gragg Foundation is a private corporation based in PALESTINE, TX. The foundation received its IRS ruling in 2007. The principal officer is Jacquelyn Lockey Gragg. It holds total assets of $3.7M. Annual income is reported at $255K. Total assets have grown from $2.2M in 2011 to $3.6M in 2023. The foundation is governed by 5 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Texas. According to available records, The Gragg Foundation has made 62 grants totaling $589K, with a median grant of $10K. Annual giving has grown from $167K in 2020 to $211K in 2023. Grantmaking activity was highest in 2022 with $212K distributed across 21 grants. Individual grants have ranged from $4K to $20K, with an average award of $10K. The foundation has supported 22 unique organizations. Grant recipients are concentrated in Texas. Contributions to this foundation are tax-deductible.
Smallest Grant
$4K
Median Grant
$10K
Average Grant
$9K
Largest Grant
$18K
Based on 21 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.
The Gragg Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 62 grants. Its grantmaking reaches organizations primarily in TX.
The Gragg Foundation has distributed a total of $589K across 62 grants. The median grant size is $10K, with an average of $10K. Individual grants have ranged from $4K to $20K.
The Gragg Foundation typically selects its grantees rather than accepting unsolicited proposals.
The Gragg Foundation is headquartered in PALESTINE, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Michael Bennett | TREAS/DIR | $0 | $0 | N/A |
| Martin Lawrence | DIRECTOR | $0 | $0 | N/A |
| Cody D Bristow | DIRECTOR | $0 | $0 | N/A |
| Jacuelyn Gragg | PRES/DIR | $0 | $0 | N/A |
| Frank Campos | SEC/DIR | $0 | $0 | N/A |
Total Giving
$213K
Total Assets
$3.6M
Fair Market Value
$4.2M
Net Worth
$3.6M
Grants Paid
$211K
Contributions
$70K
Net Investment Income
$179K
Distribution Amount
$192K
Total: $3.4M
Total Grants
62
Total Giving
$589K
Average Grant
$10K
Median Grant
$10K
Unique Recipients
22
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| St Vincent De Paul SocietyGENERAL & UNRESTRICTED | Palestine, TX | $20K | 2023 |
| Meals On Wheels Of Palestine IncGENERAL & UNRESTRICTED | Palestine, TX | $13K | 2023 |
| The Stockpot Of Palestine IncGENERAL & UNRESTRICTED | Palestine, TX | $13K | 2023 |
| Palestine Community Food PantryGENERAL & UNRESTRICTED | Palestine, TX | $12K | 2023 |
| Elkhart High SchoolSCHOLARSHIPS | Elkhart, TX | $10K | 2023 |
| La Poyner High SchoolSCHOLARSHIPS | Larue, TX | $10K | 2023 |
| Westwood High SchoolSCHOLARSHIPS | Palestine, TX | $10K | 2023 |
| Cayuga High SchoolSCHOLARSHIPS | Cayuga, TX | $10K | 2023 |
| Neches High SchoolSCHOLARSHIPS | Neches, TX | $10K | 2023 |
| Frankston High SchoolSCHOLARSHIPS | Frankston, TX | $10K | 2023 |
| Palestine High SchoolGENERAL & UNRESTRICTED | Palestine, TX | $10K | 2023 |
| Palestine Junior Service LeagueGENERAL & UNRESTRICTED | Palestine, TX | $10K | 2023 |
| Slocum High SchoolSCHOLARSHIP | Elkhart, TX | $10K | 2023 |
| Oakwood High SchoolSCHOLARSHIPS | Oakwood, TX | $10K | 2023 |
| Living Alternatives Of PalestineGENERAL & UNRESTRICTED | Palestine, TX | $9K | 2023 |
| Cherokee County Crisis Center IncGENERAL & UNRESTRICTED | Jacksonville, TX | $8K | 2023 |
| Palestine Community Theatre IncGENERAL & UNRESTRICTED | Palestine, TX | $8K | 2023 |
| Palestine Library Friends IncSCHOLARSHIPS | Palestine, TX | $8K | 2023 |
| First Resource CenterGENERAL & UNRESTRICTED | Palestine, TX | $8K | 2023 |
| Ymca Of PalestineGENERAL & UNRESTRICTED | Palestine, TX | $7K | 2023 |
| Anderson County Humane SocietyGENERAL & UNRESTRICTED | Palestine, TX | $6K | 2023 |