Central Texas Foundation Inc

BROWNWOOD, TX EIN: 75-1848800

Central Texas Foundation Inc. is a private foundation based in Brownwood, Texas. The organization focuses on philanthropic giving within the state of Texas, with particular emphasis on the central Texas region.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.2M

-3.4% YoY

Annual Giving

$234K

+3.1% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$11K

+3.1% YoY

Under IRS private-foundation payout rules, Central Texas Foundation Inc reported a distributable amount of $267K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's primary funding priorities include:

Education
Philanthropy, Voluntarism & Grantmaking
Human Services
Christian Nonprofits and Churches
Church Repairs
Science Education

Grantmaking

The foundation primarily funds organizations in Texas, with demonstrated activity in the Brownwood and Brown County area.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $1.1M (100%)

States

Texas

Cities

AbileneBrookesmithBrownwoodCherokeeEarlyGoldthwaiteRangerZephyr

Financial History

Multi-year comparison from IRS filings

Metric	Amount
Total Assets	$4,217,185
Total Annual Giving	$234,000

The foundation's financial data is based on the most recent IRS Form 990 filing from 2024.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$4,217,185	$4,365,493	$4,390,300
Revenue	$105,776	$221,783	$271,948
Expenses	$254,084	$246,590	$259,306
Qualifying Distributions	$246,600	$239,753	$252,452
Net Investment Income	$116,856	$214,946	$265,094
Distributable Amount	$266,607	$236,082	$241,252

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

110 grants across all recorded years

Open Grants

2 open opportunities from Central Texas Foundation Inc

Foundation

Anna+Anton Olson Legacy Fund

CENTRAL TEXAS FOUNDATION INC

Amount

Varies

Deadline

Rolling / Open

Foundation

Greater Round Rock Community Foundation Grants

CENTRAL TEXAS FOUNDATION INC

Amount

Varies

Deadline

Rolling / Open

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Good Samaritan Ministries ($40,000), Aldersgate Enrichment Center ($30,000), Howard Payne Univ-bldg Project ($25,000).

Recipient	Purpose	Amount
HOWARD PAYNE UNIV-SCHOLARSHIPS BROWNWOOD, TX	TUITION ASSISTANCE FOR QUALIFYING STUDENTS FROM THE BROWN COUNTY AREA	$18,000
HOWARD PAYNE UNIV-NURSE'S FUND BROWNWOOD, TX	TO AID IN THE PURCHASE OF VARIOUS SMALL MEDICAL EQUIPMENT & SUPPLIES	$5,000
ARK DOMESTIC VIOLENCE SHELTER BROWNWOOD, TX	ASSIST WITH OPERATING EXPENSES	$11,000
SALVATION ARMY BROWNWOOD, TX	TO SUPPLEMENT FUNDING FOR FOOD FOR THE ON-SITE FEEDING PROGRAM	$20,000
BROWNWOOD COMMUNITY PUBLIC LIBRARY BROWNWOOD, TX	TO ASSIST WITH PURCHASING BOOKS, E-BOOKS, AND AUDIO BOOKS	$5,000
GOOD SAMARITAN MINISTRIES BROWNWOOD, TX	FOOD FOR VARIOUS HUNGER MINISTRIES PROGRAMS	$40,000
ALDERSGATE ENRICHMENT CENTER EARLY, TX	TO HELP FUND FREE HOT LUNCHES FOR ALL ADULT ASSOCIATES WHO ARE MILD TO MODERATELY MENTALLY AND PHYSICALLY CHALLENGED IN GROUP HOME FACILITY	$30,000
AMERICAN RED CROSS BIG COUNTRY CHAP BROWNWOOD, TX	AID FOR SINGLE AND MULTI-UNIT FAMILY DISASTER VICTIMS IN BROWN COUNTY AND ADJACENT COUNTIES	$15,000
LYRIC PERFORMING ARTS CO BROWNWOOD, TX	TO ASSIST WITH PROGRAM COSTS, INSTRUCTIONAL SUPPORT, & FUNDING MORE PARTICIPANTS	$10,000
CORINNE T SMITH ANIMAL SHELTER BROWNWOOD, TX	TO ASSIST IN THE PURCHASE OF ANIMAL CARE SUPPLIES AND EXPENSES	$12,000

Leadership & Key People

Leadership team and compensation from IRS filings

No leadership information was available in the provided sources.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
HAROLD HOGAN	Trustee	1	—
ROBERT PORTER	President	6	—
CARTER SHARPE	Trustee	2	—
TOM MUNSON	Secy/Treas	1	—
PAUL WALDROP JR	Vice President	2	—

Frequently Asked Questions

What does Central Texas Foundation Inc fund?

The foundation's primary funding priorities include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Christian Nonprofits and Churches • Church Repairs • Science Education

How do I apply for a grant from Central Texas Foundation Inc?

**Financial Capacity:** • Total assets: $4,217,185 • Total annual giving: $234,000 **Grant Characteristics:** • Typical award range: $700–$40,000 • Recent documented grants include $5,000 to the Brownwood Community Library Association to assist with purchasing books **Geographic Focus:** The foundation primarily funds organizations in Texas, with demonstrated activity in the Brownwood and Brown County area.

What size grants does Central Texas Foundation Inc award?

In 2024, Central Texas Foundation Inc awarded 21 grants totaling $234K — an average of about $11K per grant, based on its IRS Form 990 filings.

How much is Central Texas Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Central Texas Foundation Inc reported a distributable amount of $267K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.