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
Under IRS private-foundation payout rules, Baxter Trust Co Private Foundation Services reported a distributable amount of $2.8M for 2024 — the minimum it must pay out in qualifying distributions.
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
**
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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
Among its reported 2024 grants, the largest include Alliance for Choice in Education ($100,000), Armand Bayou Nature Center Inc ($100,000), Camp for All Foundation ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALCHEMY STUDIOS AND LABS Houston, TX | GENERAL OPERATINGEXPENSES | $30,000 |
| ALLIANCE FOR CHOICE IN EDUCATION Houston, TX | ACE SCHOLARSHIPS FOR LOWER-INCOME STUDENTS | $100,000 |
| ARMAND BAYOU NATURE CENTER INC Houston, TX | OPERATIONAL EXPENSESAND RENEWAL 2024CAPITAL CAMPAIGN | $100,000 |
| BRIDGE YEAR Houston, TX | GROWTH AND INNOVATION FUND | $50,000 |
| CAMP CHO-YEH LIVINGSTON, TX | MORE LIVES,MORE DEEPLYEXPANSION PROJECT | $50,000 |
| CAMP FOR ALL FOUNDATION Houston, TX | CAMP FOR CHAPPELL HILLCAPITAL CAMPAIGN | $100,000 |
| CAREER GEAR HOUSTON Houston, TX | GENERAL OPERATINGEXPENSES AND CAPITALPURSUIT CAMPAIGN | $50,000 |
| CLOTHED BY FAITH INC Houston, TX | GENERAL OPERATINGEXPENSES | $50,000 |
| CORE GROUP CARES INC Houston, TX | GENERAL OPERATINGEXPENSES - RISEINITIATIVE | $50,000 |
| COVENANT HOUSE TEXAS HOUSTON, TX | BUILDING FOR LIFE CAMPAIGN | $50,000 |
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.
Frequently Asked Questions
What does Baxter Trust Co Private Foundation Services fund?
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.
How do I apply for a grant from Baxter Trust Co Private Foundation Services?
**Grant Activity:** • Annual grants distributed: approximately $2.4 million to $2.7 million • Total grants awarded (previous year): 11,960 • Average grant size: $206 • Grant range: $50,000 to $100,000 median to maximum **Recent Grants (2024):** • Camp For All Foundation: $100,000 (Camp for Chappell Hill capital campaign) • Target Hunger: $100,000 (Rooting for the Future capital campaign) • CRC Retreat Partners: $100,000 (Renovations at CRC) **Application Process:** The Baxter Trust accepts gran…
Where does Baxter Trust Co Private Foundation Services make grants?
The foundation funds projects in: • Texas (including Houston and Dallas) • Georgia • Illinois (including Chicago)
What size grants does Baxter Trust Co Private Foundation Services award?
In 2024, Baxter Trust Co Private Foundation Services awarded 45 grants totaling $2.3M — an average of about $51K per grant, based on its IRS Form 990 filings.
How much is Baxter Trust Co Private Foundation Services required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Baxter Trust Co Private Foundation Services reported a distributable amount of $2.8M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Baxter Trust Co Private Foundation Services's EIN?
Baxter Trust Co Private Foundation Services's EIN (Employer Identification Number) is 76-0174893. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Baxter Trust Co Private Foundation Services's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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