David and Betty Sacks Foundation Trust

DALLAS, TX EIN: 74-6417564

David and Betty Sacks Foundation Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $671K in total assets. In 2024, it awarded 3 grants totaling $15K. Net investment income was $59K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$671K

+5.8% YoY

Annual Giving

$15K

-40.0% YoY

Grant Count

-25.0% YoY

Avg Grant Size

$5K

-20.0% YoY

Under IRS private-foundation payout rules, David and Betty Sacks Foundation Trust reported a distributable amount of $38K for 2024 — the minimum it must pay out in qualifying distributions.

About David and Betty Sacks Foundation Trust

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 $100K (83%)

Louisiana $20K (17%)

States

Louisiana Texas

Cities

AustinDallasNew OrleansSan Antonio

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$670,965	$634,297	$652,609
Revenue	$67,840	$21,825	$-18,711
Expenses	$30,451	$38,901	$42,714
Qualifying Distributions	$21,837	$31,257	$31,566
Net Investment Income	$58,799	$12,185	$5,508
Distributable Amount	$37,986	$34,393	$35,420

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

26 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Tulane University ($5,000), Physicians Benevolent Fund ($5,000), Saaf-joe Salek Scholarship Fund ($5,000).

Recipient	Purpose	Amount
TULANE UNIVERSITY NEW ORLEANS, LA	UNRESTRICTED GENERAL	$5,000
PHYSICIANS BENEVOLENT FUND AUSTIN, TX	UNRESTRICTED GENERAL	$5,000
SAAF-JOE SALEK SCHOLARSHIP FUND SAN ANTONIO, TX	UNRESTRICTED GENERAL	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BANK OF AMERICA	TRUSTEE	1	$10,953

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is David and Betty Sacks Foundation Trust?

David and Betty Sacks Foundation Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALLAS, TX. It holds $671K in total assets as of 2024.

How large is David and Betty Sacks Foundation Trust?

As of 2024, David and Betty Sacks Foundation Trust holds $671K in total assets with $68K in annual revenue. It awarded 3 grants totaling $15K in 2024.

Where does David and Betty Sacks Foundation Trust operate?

David and Betty Sacks Foundation Trust has awarded grants in Louisiana, Texas.

What size grants does David and Betty Sacks Foundation Trust award?

In 2024, David and Betty Sacks Foundation Trust awarded 3 grants totaling $15K — an average of about $5K per grant, based on its IRS Form 990 filings.

How much is David and Betty Sacks Foundation Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, David and Betty Sacks Foundation Trust reported a distributable amount of $38K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is David and Betty Sacks Foundation Trust's EIN?

David and Betty Sacks Foundation Trust's EIN (Employer Identification Number) is 74-6417564. IRS Form 990 filing data is available on this page for 2020–2024.