Baxter Trust Co Private Foundation Services
Baxter Trust Co Private Foundation Services is a private foundation based in Houston, Texas, established in 1986. The foundation was created by Murphy and Betty Baxter, with Murphy being a successful independent oil and natural gas producer. The organization provides financial support to smaller, newer non-profit groups that lack major fundraising capabilities but are committed to serving underserved communities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$48.3M
+2.5% YoY
Annual Giving
$2.3M
-2.5% YoY
Grant Count
45
+0.0% YoY
Avg Grant Size
$51K
-2.5% YoY
Mission & Focus Areas
The Baxter Trust's mission centers on helping people from underserved communities improve themselves and their station in life. Trustees prioritize organizations that focus on:
- Basic human needs
- Education
- Healthcare
The foundation gives preference to projects that help improve the quality of people's lives on a long-term basis, both directly and indirectly.
Grantmaking
The Baxter Trust accepts grant applications by invitation only.
Grant Range
$206
Average Grant
$206
How to Apply
**
Ready to take the next step with Baxter Trust Co Private Foundation Services?
Geographic Focus
Where this funder awards grants
The foundation funds projects in:
- Texas (including Houston and Dallas)
- Georgia
- Illinois (including Chicago)
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total assets: $48.3 million
- Total revenue: $4.3 million
- Total expenses: $3.2 million
- Annual grants: $2.4 million
Growth: Assets increased 2.6% from the previous year.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $48,296,130 | $47,141,050 | $47,816,592 |
| Revenue | $4,262,903 | $2,374,491 | $2,580,758 |
| Expenses | $3,170,132 | $3,115,601 | $3,245,548 |
| Qualifying Distributions | $2,676,564 | $2,676,213 | $2,846,617 |
| Net Investment Income | $3,780,373 | $2,021,600 | $2,406,780 |
| Distributable Amount | $2,758,609 | $2,577,437 | $2,603,330 |
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
229 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Current Leadership:
- Greg Hambrick, CEO
- David Fisher, Trustee
- Alan Stewart, Trustee
- Sonja Gee, Trustee
- Thao Costis, Trustee
- Fred Robertson, Trustee
All trustees serve without compensation. Greg Hambrick serves as Executive Director.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID FISHER | TRUSTEE | 1 | — |
| ALAN STEWART | TRUSTEE | 1 | — |
| SONJA GEE | TRUSTEE | 1 | — |
| THAO COSTIS | TRUSTEE | 1 | — |
| FRED ROBERTSON | TRUSTEE | 1 | — |
| THOMAS G HAMBRICK JR | CEO | 40 | $228,000 |
Recent News & Activity
Recent developments and announcements
The foundation continues active grantmaking with a 12% funding rate for new applicants. The organization remains open to new applicants and maintains an invitation-only application process for prospective grantees.
Related Funders
Similar funders by location and focus area
William Z Hayes Foundation
DALLAS, TX
Assets
$629K
Grants
4
Total Given
$28K
Tr Uw Jane James Cook Item 19
DALLAS, TX
Assets
$861K
Grants
11
Total Given
$41K
Forsyth Fbo Leonard Wood Memorial
DALLAS, TX
Assets
$320K
Grants
1
Total Given
$18K
Teas Foundation
AMARILLO, TX
Assets
$3.0M
Grants
3
Total Given
$138K
Harold D Miller Endowment Fund
DALLAS, TX
Assets
$890K
Grants
1
Total Given
$44K
Amarillo Business Foundation
AMARILLO, TX
Assets
$4.2M
Grants
13
Total Given
$222K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Baxter Trust Co Private Foundation Services on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities