AI and Manet Schepps Foundation

BELLAIRE, TX EIN: 74-6050262

The AI and Manet Schepps Foundation is a private family foundation established in 1962 and based in Bellaire, Texas. The foundation operates as a 501(c)(3) tax-exempt organization dedicated to grantmaking in select focus areas.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$6.1M

-3.4% YoY

Annual Giving

$326K

+72.6% YoY

Grant Count

+9.8% YoY

Avg Grant Size

$7K

+57.2% YoY

Under IRS private-foundation payout rules, AI and Manet Schepps Foundation reported a distributable amount of $357K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's primary funding interests include:

Education
Philanthropy, Voluntarism & Grantmaking
Human Services

Grantmaking

The foundation primarily directs grants to organizations in Texas, New York, and North Carolina.

Average Grant

amount and median grant amount data are available through detailed financial analysis

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $1.0M (89%)

Louisiana $63K (5%)

California $15K (1%)

District of Columbia $14K (1%)

New York $13K (1%)

Virginia $7K (1%)

Indiana $6K (1%)

Connecticut $2K (0%)

+8 more states

States

California Connecticut District of Columbia Delaware Florida Georgia Iowa Illinois Indiana Kansas Louisiana North Carolina New York Pennsylvania Texas Virginia

Cities

ArlingtonAtlantaBellaireBerkeleyBloomingtonBooneCharlotteCharlottesvilleChicagoCollege StationCoral GablesDallasFt LauderdaleGalvestonHarker HeightsHartfordHoustonMiamiNew OrleansNew York

Financial History

Multi-year comparison from IRS filings

Assets & Revenue (2023):

Total assets: $6,067,307 to $6.28M
Revenue: $85,900
Expenses: $440,000
Total liabilities: $16,600

The foundation maintains a substantial asset base relative to its annual giving, indicating a long-term grantmaking capacity.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$6,067,307	$6,283,025	$6,894,946
Revenue	$394,121	$85,852	$-60,014
Expenses	$572,897	$440,222	$562,559
Qualifying Distributions	$429,757	$293,984	$416,699
Net Investment Income	$254,519	$14,222	$11,807
Distributable Amount	$357,022	$336,626	$348,882

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

208 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include the hillel at texas am ($86,680), national world war II museum ($51,000), jewish community center ($30,000).

Recipient	Purpose	Amount
bellaire police fire foundation houston, TX	Unrestricted Operating Funds	$500
congregation beth yeshurun houston, TX	Unrestricted Operating Funds	$28,954
congregation b'nai israel galveston, TX	Unrestricted Operating Funds	$3,000
congregation emanu el houston, TX	Unrestricted Operating Funds	$13,600
holocaust museum houston houston, TX	Unrestricted Operating Funds	$250
houston food bank houston, TX	Unrestricted Operating Funds	$1,026
houston hillel houston, TX	Unrestricted Operating Funds	$5,000
jewish family service houston, TX	Unrestricted Operating Funds	$1,040
seven acres jewish senior care serv houston, TX	Unrestricted Operating Funds	$5,000
texas childrens hospital houston, TX	Unrestricted Operating Funds	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Nancy S Brand	President	35	$120,900
Gilda Sprung	Director	2	$1,000
Jennifer Stockel	Director	2	$1,000

Contact Information

Address: 5233 Bellaire Blvd # 434 Bellaire, TX 77401-3901 United States

Phone: 713-249-0239

EIN: 74-6050262

Frequently Asked Questions

What does AI and Manet Schepps Foundation fund?

The foundation's primary funding interests include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services

How do I apply for a grant from AI and Manet Schepps Foundation?

**Grant Activity:** • Total giving: $325,906 (based on most recent IRS filing) • Typical grant awards range from $50 to $90,822 • Average grant amount and median grant amount data are available through detailed financial analysis **Geographic Scope:** The foundation primarily directs grants to organizations in Texas, New York, and North Carolina.

What size grants does AI and Manet Schepps Foundation award?

In 2024, AI and Manet Schepps Foundation awarded 45 grants totaling $326K — an average of about $7K per grant, based on its IRS Form 990 filings.

How much is AI and Manet Schepps Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, AI and Manet Schepps Foundation reported a distributable amount of $357K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is AI and Manet Schepps Foundation's EIN?

AI and Manet Schepps Foundation's EIN (Employer Identification Number) is 74-6050262. IRS Form 990 filing data is available on this page for 2020–2024.