Bessie I Hofstetter Trust
Bessie I Hofstetter Trust is a private foundation based in College Station, Texas. In its 2025 filing, it reported 11 grants totaling $242,766, all to recipients in Texas.
Key facts about Bessie I Hofstetter Trust
In short: Bessie I Hofstetter Trust gave $243K across 11 grants in 2025 (avg $22K), mostly in Texas. 18% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 75-6006485
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $242,766
- Grants made (2025)
- 11
- Average grant
- $22,070
- Median grant
- $15,000
- New grantees (estimate)
- 18% first-time grantees (2 of 11, 2025; small sample)
- Total assets
- $3,385,860
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$3.4M
+1.7% YoY
Annual Giving
$243K
+3.6% YoY
Grant Count
11
+10.0% YoY
Avg Grant Size
$22K
-5.8% YoY
Under IRS private-foundation payout rules, Bessie I Hofstetter Trust reported a distributable amount of $278K for 2025 — the minimum it must pay out in qualifying distributions.
Is Bessie I Hofstetter Trust open to new grantees?
18%
first-time grantees, 2025
In 2025, 2 of 11 grantees (18%) were first-time recipients. With only 11 grantees, that is a small sample: one grantee more or less moves the share by about 9 points. First grants averaged $10K; repeat grants $25K. How we count
Medians: $10K first-time, $15K repeat.
- 73% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−3%). Method
- In 2025 it paid out 94% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement is provided. The 2025 grants were reported for charitable operations and went to organizations including churches, youth-serving organizations, and transitional housing providers. Shepherd Inn Transitional Housing describes its own mission as providing no-cost and low-cost housing alongside behavioral health, education, and workforce development services to support individuals and families recovering from addiction and past trauma.
Grantmaking
In 2025, the trust made 11 grants totaling $242,766. Grant amounts ranged from $2,000 to $85,066, with a median grant of $15,000. Its largest grants were $85,066 to Westminster Presbyterian Church in Corsicana, $50,000 to Presbyterian Children’s Home Services in Austin, and $32,000 to Compassion Corsicana.
The trust’s 2024 filing states that it does not restrict giving to preselected organizations. It lists Carol Thompson as the contact and says to see attached materials for the application form and materials, deadlines, and award restrictions.
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Geographic Focus
Where this funder awards grants
All grant dollars reported for 2025 went to recipients in Texas.
Grant Distribution by State
Share of 2025 grant dollars across all 11 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $227K (2021) to $264K (2023). In 2025 it made 11 grants totaling $243K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Westminister Presbyterian Church ($85K). Together the top 10 received $241K.
Grant Size Distribution
56 grants across all recorded years
The most common grant size was under $50K: 47 grants of 56 (84%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Westminister Presbyterian Church Corsicana, TX | Charitable Operations | $85,066 |
| Presbyterian Children's Home Serv Austin, TX | Charitable Operations | $50,000 |
| Compassion Corsicana Corsicana, TX | Charitable Operations | $32,000 |
| YMCA of Corsicana Corsicana, TX | Charitable Operations | $16,000 |
| Voice Corsicana, TX | Charitable Operations | $15,000 |
| Shepherd Inn Transitional Housing Corsicana, TX | Charitable Operations | $15,000 |
| Boys and Girls Club of Greater Dall Dallas, TX | Charitable Operations | $12,000 |
| Camp of the Rising Sun Corsicana, TX | Charitable Operations | $9,500 |
| Diamond and Rubies Ranch Corsicana, TX | Charitable Operations | $4,200 |
| Wade Wellness Center Corsicana, TX | Charitable Operations | $2,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants | Grant count |
|---|---|---|---|---|---|
| 2025 | $3,385,860 | $346,700 | $290,474 | $242,766 | 11 |
| 2024 | $3,329,634 | $213,370 | $279,576 | $234,365 | 10 |
| 2023 | $3,395,320 | $114,918 | $309,275 | $264,100 | 11 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $3,385,860 | $3,329,634 | $3,395,320 |
| Revenue | $346,700 | $213,370 | $114,918 |
| Expenses | $290,474 | $279,576 | $309,275 |
| Qualifying Distributions | $261,160 | $251,795 | $281,346 |
| Net Investment Income | $319,108 | $187,225 | $117,678 |
| Distributable Amount | $278,175 | $260,196 | $251,617 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
Leadership & Key People
Officers and directors from IRS filings
Bessie I Hofstetter Trust is led by Verabank, Trustee on every filing since 2021 — the only officer listed, and compensated.
Officers on the 2025 filing
Verabank
Trustee
On filings since 2021
8 hrs/week
$43K (2021) → $44K (2025)
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $44K, to Verabank (Trustee).
Contact
Application contact: Carol Thompson
Mailing address: 400 West Collin, Corsicana, TX 75110
Phone: (903) 875-2300
Email: cthomson@verabank.com
Frequently asked questions about Bessie I Hofstetter Trust
How much does Bessie I Hofstetter Trust give each year?
Bessie I Hofstetter Trust gave $243K across 11 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $234K across 10 grants.
What is Bessie I Hofstetter Trust's typical grant size?
Bessie I Hofstetter Trust's median grant in 2025 was $15,000, and its average grant was $22,070, across 11 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Bessie I Hofstetter Trust that year got $10K on average.
Where does Bessie I Hofstetter Trust give grants?
Bessie I Hofstetter Trust gives mostly in Texas: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Corsicana, TX (9 grants).
Does Bessie I Hofstetter Trust give general operating support?
Not in 2025: none of the 11 grants with a stated purpose on Bessie I Hofstetter Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable Operations" (10 grants).
Who are Bessie I Hofstetter Trust's largest grantees?
Bessie I Hofstetter Trust's largest 2025 grantees include Westminister Presbyterian Church ($85,066), Presbyterian Children's Home Serv ($50,000) and Compassion Corsicana ($32,000), according to its 2025 IRS Form 990-PF. Together they received 69% of its itemized 2025 grant dollars.
How large is Bessie I Hofstetter Trust?
Bessie I Hofstetter Trust reported $3.4M in total assets on its 2025 IRS Form 990-PF. It paid out $261K in qualifying distributions that year, against a required minimum of $278K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Bessie I Hofstetter Trust fund?
No mission statement is provided. The 2025 grants were reported for charitable operations and went to organizations including churches, youth-serving organizations, and transitional housing providers. See mission & focus areas ↑
How do I apply for a grant from Bessie I Hofstetter Trust?
Bessie I Hofstetter Trust has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is Bessie I Hofstetter Trust's EIN?
Bessie I Hofstetter Trust's EIN (Employer Identification Number) is 75-6006485. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching Bessie I Hofstetter Trust by hand.
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