Earl B Rice and Mary Lou Rice
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.
Earl B Rice and Mary Lou Rice at a glance
In short: Earl B Rice and Mary Lou Rice gave $2K across 3 grants in 2024 (avg $666.667), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $2,000
- -75.0% vs 2023
- Grants made (2024)
- 3
- +200.0% vs 2023
- Average grant
- $667
- -91.7% vs 2023
- Median grant
- $500
- Total assets
- $319,504
- +3.1% vs 2023
- Primary geography
- Texas (100% 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 Earl B Rice and Mary Lou Rice funds
How this funder distributes its grants
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 10 grants of 10 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $1K (2022) to $12K (2021). In 2024 it made 3 grants totaling $2K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 3 individual scholarships Recipients not named | — | $2,000 |
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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 | $319,504 | $12,461 | $9,803 | $2,000 | 3 | $2,000 | $4,658 | $14,632 |
| 2023 | $309,821 | $20,411 | $13,557 | $8,000 | 1 | $8,000 | $6,241 | $14,041 |
| 2022 | $305,235 | $30,785 | $4,786 | $1,000 | 1 | $1,000 | $26,974 | $12,411 |
| 2021 | $273,040 | $-3,509 | $27,018 | $12,000 | 3 | — | — | $14,736 |
| 2020 | $289,203 | $272,720 | $4,343 | $1,500 | 2 | — | $19 | $7,707 |
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.
Leadership & Key People
Officers and directors from IRS filings
Earl B Rice and Mary Lou Rice's only listed officer is VeraBank NA, Trustee on the 2024 filing (compensated).
Officers on the 2024 filing
VeraBank NA
Trustee
New on the 2024 filing
1 hr/week
$4K (2024)
Former officers (3)
- Former: Lone Star Trust Investment S (2022–2023) — Trustee
- Former: First Liberty National Bank M Hymer (2020–2021) — Former Trustee
- Former: Lone Star Trust Investment Services (2021) — Trustee
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $4K, to VeraBank NA (Trustee).
Frequently asked questions about Earl B Rice and Mary Lou Rice
How much does Earl B Rice and Mary Lou Rice give each year?
Earl B Rice and Mary Lou Rice gave $2K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $8K across 1 grant.
What is Earl B Rice and Mary Lou Rice's typical grant size?
Earl B Rice and Mary Lou Rice's median grant in 2024 was $500, and its average grant was $667, across 3 grants on its 2024 IRS Form 990-PF.
Where does Earl B Rice and Mary Lou Rice give grants?
Earl B Rice and Mary Lou Rice gives mostly in Texas: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does Earl B Rice and Mary Lou Rice give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on Earl B Rice and Mary Lou Rice's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (3 grants).
How large is Earl B Rice and Mary Lou Rice?
Earl B Rice and Mary Lou Rice reported $320K in total assets on its 2024 IRS Form 990-PF. It paid out $2K in qualifying distributions that year, against a required minimum of $15K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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.
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
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