Bob L Herd Foundation
Bob L Herd Foundation is a private foundation, based in TYLER, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $32.8M in total assets. In 2024, it awarded 1 grants totaling $1.3M. Net investment income was $3.2M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$32.8M
+5.3% YoY
Annual Giving
$1.3M
-4.8% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$1.3M
-4.8% YoY
Under IRS private-foundation payout rules, Bob L Herd Foundation reported a distributable amount of $1.6M for 2024 — the minimum it must pay out in qualifying distributions.
About Bob L Herd Foundation
Based on IRS filings
Bob L Herd Foundation is a private foundation, based in TYLER, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $32.8M in total assets. In 2024, it awarded 1 grants totaling $1.3M. Net investment income was $3.2M.
Ready to take the next step with Bob L Herd Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $32,793,258 | $31,138,815 | $30,616,031 |
| Revenue | $3,299,111 | $2,228,039 | $455,758 |
| Expenses | $1,636,422 | $1,713,501 | $1,820,163 |
| Qualifying Distributions | $1,504,684 | $1,597,921 | $1,734,864 |
| Net Investment Income | $3,212,020 | $2,142,236 | $640,899 |
| Distributable Amount | $1,586,823 | $1,497,517 | $1,598,713 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include See Attached Statement ($1,330,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SEE ATTACHED STATEMENT VARIOUS, TX | SEE ATTACHED STMT | $1,330,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THOMAS NEUHOFF | Treasurer | 7 | $60,000 |
| COURTNEY LOGGINS | Vice President | 7 | $85,000 |
| MICHAEL HERD | President | 1 | — |
Frequently Asked Questions
How large is Bob L Herd Foundation?
As of 2024, Bob L Herd Foundation holds $32.8M in total assets with $3.3M in annual revenue. It awarded 1 grants totaling $1.3M in 2024.
Where does Bob L Herd Foundation operate?
Bob L Herd Foundation has awarded grants in Texas.
What size grants does Bob L Herd Foundation award?
In 2024, Bob L Herd Foundation awarded 1 grants totaling $1.3M — an average of about $1.3M per grant, based on its IRS Form 990 filings.
How much is Bob L Herd Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Bob L Herd Foundation reported a distributable amount of $1.6M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Bob L Herd Foundation's EIN?
Bob L Herd Foundation's EIN (Employer Identification Number) is 75-2530305. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Bob L Herd Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.