Earl B Rice and Mary Lou Rice

Foundation · Grantmaker College Station, TX EIN: 76-6093250

Earl B Rice and Mary Lou Rice is a private foundation, based in College Station, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $320K in total assets. In 2024, it awarded 3 grants totaling $2K. Net investment income was $5K.

Key facts about Earl B Rice and Mary Lou Rice

EIN: 76-6093250
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $2,000
Grants made (2024): 3
Average grant: $667
Median grant: $500
Total assets: $319,504
Primary geography: Texas (100% of itemized 2024 grant dollars)

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

Who Earl B Rice and Mary Lou Rice funds

By grant dollars, the top recipient states for Earl B Rice and Mary Lou Rice's 3 itemized 2024 grants were Texas (100%). The most frequent recipient cities were College Station, TX (3 grants). None of its 3 grants with a stated purpose were described as general or operating support. Recurring purposes include "Scholarship" (3 grants).

How Earl B Rice and Mary Lou Rice gives

Giving fell 83% from 2021 to 2024. Method
In 2024 it paid out 14% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

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

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$320K

+3.1% YoY

Annual Giving

$2K

-75.0% YoY

Grant Count

+200.0% YoY

Avg Grant Size

$666.667

-91.7% YoY

Under IRS private-foundation payout rules, Earl B Rice and Mary Lou Rice reported a distributable amount of $15K for 2024 — the minimum it must pay out in qualifying distributions.

About Earl B Rice and Mary Lou Rice

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $2K (100%)

Share of all 3 itemized 2024 grant dollars.

States

Texas

Cities

College StationLibertyBryan

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$319,504	$309,821	$305,235
Revenue	$12,461	$20,411	$30,785
Expenses	$9,803	$13,557	$4,786
Qualifying Distributions	$2,000	$8,000	$1,000
Net Investment Income	$4,658	$6,241	$26,974
Distributable Amount	$14,632	$14,041	$12,411

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 3 recipients in 2024

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Katherine Merendino ($1,000), Olivia White ($500), Leslie Garcia ($500).

Recipient	Purpose	Amount
Katherine Merendino College Station, TX	Scholarship	$1,000
Olivia White College Station, TX	Scholarship	$500
Leslie Garcia College Station, TX	Scholarship	$500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

Name	Title	Hours	Compensation
VeraBank NA	Trustee	1	$4,454

Frequently Asked Questions

How large is Earl B Rice and Mary Lou Rice?

As of 2024, Earl B Rice and Mary Lou Rice holds $320K in total assets with $12K in annual revenue. It awarded 3 grants totaling $2K in 2024.

Where does Earl B Rice and Mary Lou Rice operate?

Earl B Rice and Mary Lou Rice has awarded grants in Texas.

What size grants does Earl B Rice and Mary Lou Rice award?

In 2024, Earl B Rice and Mary Lou Rice awarded 3 grants totaling $2K — an average of about $666.667 per grant, based on its IRS Form 990 filings.

How much is Earl B Rice and Mary Lou Rice required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Earl B Rice and Mary Lou Rice reported a distributable amount of $15K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Earl B Rice and Mary Lou Rice's EIN?

Earl B Rice and Mary Lou Rice's EIN (Employer Identification Number) is 76-6093250. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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