Cerise Family Foundation

Foundation · Grantmaker Friendswood, TX EIN: 85-3235329

Cerise Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Friendswood, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.6M in total assets. In 2024, it awarded 5 grants totaling $413K. Net investment income was $156K.

Key facts about Cerise Family Foundation

EIN: 85-3235329
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $412,500
Grants made (2024): 5
Average grant: $82,500
Median grant: $50,000
Total assets: $6,589,085
Primary geography: Texas (76% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Cerise Family Foundation funds

By grant dollars, the top recipient states for Cerise Family Foundation's 5 itemized 2024 grants were Texas (76%) and District of Columbia (24%). None of its 5 grants with a stated purpose were described as general or operating support.

How Cerise Family Foundation gives

Giving grew 156% from 2021 to 2024. Method
In 2024 it paid out 139% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with Cerise Family Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$6.6M

+9.1% YoY

Annual Giving

$413K

+14.1% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$83K

+14.1% YoY

Under IRS private-foundation payout rules, Cerise Family Foundation reported a distributable amount of $297K for 2024 — the minimum it must pay out in qualifying distributions.

About Cerise Family Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $313K (76%)

District of Columbia $100K (24%)

Share of all 5 itemized 2024 grant dollars.

States

District of Columbia Texas

Cities

HoustonSanta FeFriendswoodAngletonWashingtonKingwood

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$6,589,085	$6,039,598	$5,707,104
Revenue	$162,130	$99,123	$4,364,269
Expenses	$418,561	$372,099	$295,195
Qualifying Distributions	$412,500	$361,450	$281,250
Net Investment Income	$156,069	$128,881	$121,827
Distributable Amount	$296,500	$287,472	$187,278

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Grant Size Distribution

22 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Houston Methodist Foundation ($250,000), MD Anderson ($100,000), Have Shears Will Travel ($50,000).

Recipient	Purpose	Amount
HOUSTON METHODIST FOUNDATION Houston, TX	DONATION TO HOSPITAL	$250,000
MD ANDERSON Washington, DC	DONATION TO NON PROFIT PROGRAM	$100,000
HAVE SHEARS WILL TRAVEL Kingwood, TX	DONATION TO NON PROFIT PROGRAM	$50,000
FRIENDSWOOD ISD EDUCATION FOUNDATION Friendswood, TX	DONATION TO SCHOOL FOUNDATION	$11,500
GALVESTON COUNTY FAIR & RODEO Santa Fe, TX	DONATION TO LIVESTOCK AUCTION	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Leonard Cherry	Director	1	—
Regina Cherry	Director	1	—
Elaine Stark	Director	1	—
Hayley Wagoner	Director	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Cerise Family Foundation?

Cerise Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Friendswood, TX. It holds $6.6M in total assets as of 2024.

How large is Cerise Family Foundation?

As of 2024, Cerise Family Foundation holds $6.6M in total assets with $162K in annual revenue. It awarded 5 grants totaling $413K in 2024.

Where does Cerise Family Foundation operate?

Cerise Family Foundation has awarded grants in District of Columbia, Texas.

What size grants does Cerise Family Foundation award?

In 2024, Cerise Family Foundation awarded 5 grants totaling $413K — an average of about $83K per grant, based on its IRS Form 990 filings.

How much is Cerise Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Cerise Family Foundation reported a distributable amount of $297K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.