Coastal Bend Foundation Inc
Coastal Bend Foundation Inc is a private foundation, based in ARANSAS PASS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 7 grants totaling $49K. Net investment income was $96K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.1M
+8.4% YoY
Annual Giving
$49K
-6.1% YoY
Grant Count
7
+16.7% YoY
Avg Grant Size
$7K
-19.5% YoY
Under IRS private-foundation payout rules, Coastal Bend Foundation Inc reported a distributable amount of $97K for 2024 — the minimum it must pay out in qualifying distributions.
About Coastal Bend Foundation Inc
Based on IRS filings
Coastal Bend Foundation Inc is a private foundation, based in ARANSAS PASS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 7 grants totaling $49K. Net investment income was $96K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,086,420 | $1,924,179 | $1,766,566 |
| Revenue | $125,208 | $53,317 | $65,972 |
| Expenses | $99,402 | $103,372 | $167,246 |
| Qualifying Distributions | $70,185 | $75,347 | $128,444 |
| Net Investment Income | $95,991 | $25,292 | $36,801 |
| Distributable Amount | $96,772 | $90,550 | $97,873 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Aransas Pass Isd ($26,300), Tri-county Christian Service Center Grant ($10,000), United Methodist Church ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ARANSAS COUNTY ISD ROCKPORT, TX | PROJECT GRADUATION | $2,000 |
| INGLESIDE ISD INGLESIDE, TX | PROJECT GRADUATION | $2,000 |
| ARANSAS PASS ISD ARANSAS PASS, TX | PROJECT GRADUATION | $2,000 |
| ARANSAS PASS ISD ARANSAS PASS, TX | SCHOLARSHIP GRANT | $26,300 |
| UNITED METHODIST CHURCH INGLESIDE, TX | SCHOLARSHIP GRANT | $5,000 |
| TRI-COUNTY CHRISTIAN SERVICE CENTER GRANT ARANSAS PASS, TX | SCHOLARSHIP GRANT | $10,000 |
| MIKI MCELROY SCHOLARSHIP FOUNDATION ARANSAS PASS, TX | SCHOLARSHIP GRANT | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAN PATE-CRABTREE | DIRECTOR | 1 | — |
| JAY ATTAWAY | DIRECTOR | 1 | — |
| DAVID HUTCHINS | SECRETARY/TREASURER | 2 | — |
| ISABEL MENDEZ | DIRECTOR | 1 | — |
| ARNOLD GOVELLA | PRESIDENT/DIRECTOR | 1 | — |
| WAYNE BENNETT | DIRECTOR | 1 | — |
| KAREN GAYLE | DIRECTOR | 1 | — |
Frequently Asked Questions
How large is Coastal Bend Foundation Inc?
As of 2024, Coastal Bend Foundation Inc holds $2.1M in total assets with $125K in annual revenue. It awarded 7 grants totaling $49K in 2024.
Where does Coastal Bend Foundation Inc operate?
Coastal Bend Foundation Inc has awarded grants in Texas.
What size grants does Coastal Bend Foundation Inc award?
In 2024, Coastal Bend Foundation Inc awarded 7 grants totaling $49K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Coastal Bend Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Coastal Bend Foundation Inc reported a distributable amount of $97K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Coastal Bend Foundation Inc's EIN?
Coastal Bend Foundation Inc's EIN (Employer Identification Number) is 74-2129257. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Coastal Bend Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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