Captain Cates Scholarship Tr

DALLAS, TX EIN: 04-6511213

Captain Cates Scholarship Tr is a private foundation focused on Education, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $343K in total assets. In 2024, it awarded 1 grants totaling $15K. Net investment income was $32K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$343K

+4.2% YoY

Annual Giving

$15K

-1.9% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$15K

-1.9% YoY

Under IRS private-foundation payout rules, Captain Cates Scholarship Tr reported a distributable amount of $19K for 2024 — the minimum it must pay out in qualifying distributions.

About Captain Cates Scholarship Tr

Based on IRS filings

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $78K (100%)

States

Massachusetts

Cities

Buzzards Bay

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$343,335	$329,518	$339,129
Revenue	$36,952	$12,786	$-7,578
Expenses	$22,789	$22,273	$27,190
Qualifying Distributions	$17,983	$18,052	$20,144
Net Investment Income	$31,943	$6,496	$2,534
Distributable Amount	$19,352	$17,758	$18,200

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 Massachusetts Maritime Academy ($15,210).

Recipient	Purpose	Amount
MASSACHUSETTS MARITIME ACADEMY BUZZARDS BAY, MA	UNRESTRICTED GENERAL	$15,210

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BANK OF AMERICA	TRUSTEE	1	$5,595

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is Captain Cates Scholarship Tr?

Captain Cates Scholarship Tr is a private foundation focused on Education, based in DALLAS, TX. It holds $343K in total assets as of 2024.

How large is Captain Cates Scholarship Tr?

As of 2024, Captain Cates Scholarship Tr holds $343K in total assets with $37K in annual revenue. It awarded 1 grants totaling $15K in 2024.

Where does Captain Cates Scholarship Tr operate?

Captain Cates Scholarship Tr has awarded grants in Massachusetts.

What size grants does Captain Cates Scholarship Tr award?

In 2024, Captain Cates Scholarship Tr awarded 1 grants totaling $15K — an average of about $15K per grant, based on its IRS Form 990 filings.

How much is Captain Cates Scholarship Tr required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Captain Cates Scholarship Tr reported a distributable amount of $19K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.