Cerise Family Foundation
Cerise Family Foundation is a private foundation, 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.
Cerise Family Foundation at a glance
In short: Cerise Family Foundation gave $413K across 5 grants in 2024 (avg $83K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $412,500
- +14.1% vs 2023
- Grants made (2024)
- 5
- +0.0% vs 2023
- Average grant
- $82,500
- +14.1% vs 2023
- Median grant
- $50,000
- Total assets
- $6,589,085
- +9.1% vs 2023
- Primary geography
- Texas (76% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Cerise Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Houston Methodist Foundation ($250K). Together the top 5 received $413K.
Grant Size Distribution
22 grants across all recorded years
The most common grant size was under $50K: 15 grants of 22 (68%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $161K (2021) to $413K (2024). In 2024 it made 5 grants totaling $413K.
Grants by year
Grant recipients and amounts by year
| 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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $6,589,085 | $162,130 | $418,561 | $412,500 | 5 | $412,500 | $156,069 | $296,500 |
| 2023 | $6,039,598 | $99,123 | $372,099 | $361,450 | 5 | $361,450 | $128,881 | $287,472 |
| 2022 | $5,707,104 | $4,364,269 | $295,195 | $281,250 | 5 | $281,250 | $121,827 | $187,278 |
| 2021 | $1,969,087 | $1,047,804 | $167,770 | $161,250 | 7 | $161,250 | $41,284 | $72,478 |
| 2020 | $1,000,000 | $1,000,000 | — | — | — | — | — | $3,306 |
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.
Leadership & Key People
Officers and directors from IRS filings
Cerise Family Foundation's 2024 filing lists 4 officers; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Elaine Stark
Director
On filings since 2020
1 hr/week
No compensation reported
Hayley Wagoner
Director
On filings since 2020
1 hr/week
No compensation reported
Leonard Cherry
Director
On filings since 2020
1 hr/week
No compensation reported
Regina Cherry
Director
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Cerise Family Foundation
How much does Cerise Family Foundation give each year?
Cerise Family Foundation gave $413K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $361K across 5 grants.
What is Cerise Family Foundation's typical grant size?
Cerise Family Foundation's median grant in 2024 was $50,000, and its average grant was $82,500, across 5 grants on its 2024 IRS Form 990-PF.
Where does Cerise Family Foundation give grants?
Cerise Family Foundation gives mostly in Texas: 76% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was District of Columbia (24%).
Does Cerise Family Foundation give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on Cerise Family Foundation's 2024 IRS Form 990-PF were described as general or operating support.
Who are Cerise Family Foundation's largest grantees?
Cerise Family Foundation's largest 2024 grantees include Houston Methodist Foundation ($250,000), MD Anderson ($100,000) and Have Shears Will Travel ($50,000), according to its 2024 IRS Form 990-PF. Together they received 97% of its itemized 2024 grant dollars.
How large is Cerise Family Foundation?
Cerise Family Foundation reported $6.6M in total assets on its 2024 IRS Form 990-PF. It paid out $413K in qualifying distributions that year, against a required minimum of $297K (roughly 5% of its investment assets).
What is Cerise Family Foundation's EIN?
Cerise Family Foundation's EIN (Employer Identification Number) is 85-3235329. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Cerise Family Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Cerise Family Foundation's focus areas in our free grants database
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