AI and Manet Schepps Foundation
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.
Key facts about AI and Manet Schepps Foundation
- EIN
- 74-6050262
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $325,906
- Grants made (2024)
- 45
- Average grant
- $7,242
- Median grant
- $1,030
- New grantees (estimate)
- 27% first-time grantees (12 of 45, 2024)
- Total assets
- $6,067,307
- Primary geography
- Texas (81% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who AI and Manet Schepps Foundation funds
By grant dollars, the top recipient states for AI and Manet Schepps Foundation's 45 itemized 2024 grants were Texas (81%) and Louisiana (16%). The most frequent recipient cities were Houston, TX (25 grants), Bellaire, TX (3 grants), New York, NY (2 grants) and Galveston, TX (2 grants). 100% of grants with a stated purpose were for general or operating support.
Is AI and Manet Schepps Foundation open to new grantees?
27%
first-time grantees, 2024
In 2024, 12 of 45 grantees (27%) were first-time recipients. First grants averaged $1K; repeat grants $9K. How we count
Medians: $430 first-time, $3K repeat.
- 60% of 2024 grantees were also funded in 2023. Method
- Giving grew 156% from 2021 to 2024. Method
- In 2024 it paid out 120% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with AI and Manet Schepps Foundation
- How to evaluate AI and Manet Schepps Foundation as a funder
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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
45
+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.
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
Ready to take the next step with AI and Manet Schepps Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 45 itemized 2024 grant dollars.
States
Cities
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.
| 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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients include the hillel at texas am ($86,680), national world war II museum ($51,000), jewish community center ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| the hillel at texas am college station, TX | Unrestricted Operating Funds | $86,680 |
| national world war II museum new orleans, LA | Unrestricted Operating Funds | $51,000 |
| jewish community center houston, TX | Unrestricted Operating Funds | $30,000 |
| congregation beth yeshurun houston, TX | Unrestricted Operating Funds | $28,954 |
| the shlenker school houston, TX | Unrestricted Operating Funds | $18,390 |
| Baylor College of Medicine Houston, TX | Unrestricted Operating Funds | $15,000 |
| congregation emanu el houston, TX | Unrestricted Operating Funds | $13,600 |
| houston methodist hospital foundati houston, TX | Unrestricted Operating Funds | $10,000 |
| MD Anderson Cancer Center Houston, TX | Unrestricted Operating Funds | $10,000 |
| Bellaire Little League Bellaire, TX | unrestricted operating funds | $7,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS 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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.