Chase Foundation Mack C Chase Trustee
CHASE FOUNDATION is listed in Artesia, New Mexico, and reported 75 grants totaling $1,307,716 in 2024. Its recorded grants include scholarships to universities and grants to schools, community organizations, and other recipients.
Key facts about Chase Foundation Mack C Chase Trustee
In short: Chase Foundation Mack C Chase Trustee gave $1.3M across 75 grants in 2024 (avg $17K), mostly in New Mexico. 18% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 36-7466258
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,307,716
- Grants made (2024)
- 75
- Average grant
- $17,436
- Median grant
- $6,250
- New grantees (estimate)
- 18% first-time grantees (13 of 73, 2024)
- Total assets
- $36,226,049
- Primary geography
- New Mexico (58% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$36.2M
+3.8% YoY
Annual Giving
$1.3M
-22.5% YoY
Grant Count
75
-5.1% YoY
Avg Grant Size
$17K
-18.4% YoY
Under IRS private-foundation payout rules, Chase Foundation Mack C Chase Trustee reported a distributable amount of $2.1M for 2024 — the minimum it must pay out in qualifying distributions.
Is Chase Foundation Mack C Chase Trustee open to new grantees?
18%
first-time grantees, 2024
In 2024, 13 of 73 grantees (18%) were first-time recipients. First grants averaged $12K; repeat grants $19K. How we count
Medians: $3K first-time, $6K repeat.
- 77% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−4%). Method
- In 2024 it paid out 138% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The 2024 grants indicate support for scholarships and grants to organizations. Examples of supported organizations include Artesia Classical Academy, whose stated mission is to equip students to be Christlike disciples and servant-leaders, and Artesia Arts Council, which says it encourages expression and learning through art and culture. Other recipients include universities, public schools, a hospital foundation, a chamber of commerce, and religious organizations. These are descriptions of the grantees’ missions, not stated missions of the foundation.
Grantmaking
In 2024, the foundation reported 75 grants totaling $1,307,716. Grant amounts ranged from $1,750 to $206,000, with a median of $6,250. Its reported totals were $1,687,346 across 79 grants in 2023 and $1,229,164 across 75 grants in 2022.
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Geographic Focus
Where this funder awards grants
In 2024, New Mexico recipients received 58% of grant dollars and Texas recipients received 26%. Wyoming accounted for 5%, while Oklahoma and Arizona each accounted for 2%.
Grant Distribution by State
Share of 2024 grant dollars across all 75 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $1.2M (2022) to $1.7M (2020). In 2024 it made 75 grants totaling $1.3M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was New Mexico State University ($206K). Together the top 10 received $862K.
Organizations only. It also paid 3 individual scholarships ($8,500), which are not listed by name.
Grant Size Distribution
348 grants across all recorded years
The most common grant size was under $50K: 317 grants of 348 (91%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| New Mexico State University Las Cruces, NM | Scholarship | $206,000 |
| Texas Tech University Lubbock, TX | Scholarship | $170,750 |
| Artesia Classical Academy Artesia, NM | GRANT | $100,000 |
| Written in Red Foundation Artesia, NM | GRANT | $91,300 |
| Artesia Public Schools Artesia, NM | GRANT | $82,667 |
| Eastern New Mexico University Portales, NM | Scholarship | $65,250 |
| Sheridan Rotary Club Sheridan, WY | GRANT | $60,000 |
| West Texas A&M University Canyon, TX | Scholarship | $32,250 |
| University of New Mexico Albuquerque, NM | Scholarship | $28,750 |
| Victory Life Fellowship Artesia, NM | GRANT | $25,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Grants | Total |
|---|---|---|
| 2024 | 75 | $1,307,716 |
| 2023 | 79 | $1,687,346 |
| 2022 | 75 | $1,229,164 |
The filing type is 990T.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $36,226,049 | $34,889,746 | $32,849,658 |
| Revenue | $4,449,826 | $4,984,970 | $2,647,593 |
| Expenses | $3,129,829 | $2,932,803 | $2,327,934 |
| Qualifying Distributions | $2,903,308 | $2,724,013 | $2,117,391 |
| Net Investment Income | $3,524,762 | $1,412,608 | $1,669,564 |
| Distributable Amount | $2,100,538 | $1,901,293 | $1,813,224 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 28, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 26, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 4, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Richard Price as “Executive DI” and Geren Ferguson, Robert Chase, Deb Chase, Richard Chase, and Karla Chase as advisors.
Chase Foundation Mack C Chase Trustee's 2024 filing lists 6 officers; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Deb Chase
Advisor
On filings since 2020
No compensation reported
Geren Ferguson
Advisor
On filings since 2020
No compensation reported
Karla Chase
Advisor
On filings since 2020
No compensation reported
Richard Chase
Advisor
On filings since 2020
No compensation reported
Richard Price
Executive Di
On filings since 2020
No compensation reported
Robert Chase
Advisor
On filings since 2020
No compensation reported
Former officers (6)
- Former: Brad Bartek (2020–2023) — Advisor
- Former: Chance Chase (2020–2023) — Advisor
- Former: Derek Chase (2020–2023) — Advisor
- Former: Johnny Knorr (2020–2023) — Advisor
- Former: Kortney Chase (2020–2023) — Advisor
- Former: Mack C. Chase (2020–2022) — Trustee & Advisor
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.
Contact
Mailing address: 2103 W Main St, Artesia, NM 88210
Phone: (575) 746-4610
Website: https://chasefoundation.org
Frequently asked questions about Chase Foundation Mack C Chase Trustee
How much does Chase Foundation Mack C Chase Trustee give each year?
Chase Foundation Mack C Chase Trustee gave $1.3M across 75 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.7M across 79 grants.
What is Chase Foundation Mack C Chase Trustee's typical grant size?
Chase Foundation Mack C Chase Trustee's median grant in 2024 was $6,250, and its average grant was $17,436, across 75 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Chase Foundation Mack C Chase Trustee that year got $12K on average.
Where does Chase Foundation Mack C Chase Trustee give grants?
Chase Foundation Mack C Chase Trustee gives mostly in New Mexico: 58% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Texas (26%) and Wyoming (5%). The most frequent recipient cities were Artesia, NM (13 grants), Las Cruces, NM (3 grants), San Antonio, TX (3 grants) and Lubbock, TX (2 grants).
Does Chase Foundation Mack C Chase Trustee give general operating support?
Not in 2024: none of the 75 grants with a stated purpose on Chase Foundation Mack C Chase Trustee's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (59 grants) and "Grant" (15 grants).
Who are Chase Foundation Mack C Chase Trustee's largest grantees?
Chase Foundation Mack C Chase Trustee's largest 2024 grantees include New Mexico State University ($206,000), Texas Tech University ($170,750) and Artesia Classical Academy ($100,000), according to its 2024 IRS Form 990-PF. It also paid 3 individual scholarships ($8,500), which are not listed by name. Together they received 36% of its itemized 2024 grant dollars.
How large is Chase Foundation Mack C Chase Trustee?
Chase Foundation Mack C Chase Trustee reported $36.2M in total assets on its 2024 IRS Form 990-PF. It paid out $2.9M in qualifying distributions that year, against a required minimum of $2.1M (roughly 5% of its investment assets).
What does Chase Foundation Mack C Chase Trustee fund?
The 2024 grants indicate support for scholarships and grants to organizations. See mission & focus areas ↑
How do I apply for a grant from Chase Foundation Mack C Chase Trustee?
Chase Foundation Mack C Chase Trustee has no public application process in the sources Grantable reviewed. Check chasefoundation.org for current guidelines, or contact the foundation directly before submitting a request.
What is Chase Foundation Mack C Chase Trustee's EIN?
Chase Foundation Mack C Chase Trustee's EIN (Employer Identification Number) is 36-7466258. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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