Ed Rachal Foundation
The Ed Rachal Foundation is a private foundation based in Corpus Christi, Texas. It supports charitable, scientific, literary, and educational purposes within Texas, as directed by its benefactor’s will.
Key facts about Ed Rachal Foundation
In short: Ed Rachal Foundation gave $27.5M across 344 grants in 2025 (avg $80K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- EIN
- 74-1116595
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $27,517,291
- Grants made (2025)
- 344
- Average grant
- $79,992
- Median grant
- $25,000
- Total assets
- $825,410,588
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
- How to apply
- The foundation accepts applications at any time. Full details ↓
- Deadline
- No submission deadlines.
Data from IRS Form 990-PF, 2025; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$825.4M
+14.3% YoY
Annual Giving
$27.5M
+11.5% YoY
Grant Count
344
+26.5% YoY
Avg Grant Size
$80K
-11.9% YoY
Under IRS private-foundation payout rules, Ed Rachal Foundation reported a distributable amount of $29.0M for 2025 — the minimum it must pay out in qualifying distributions.
How Ed Rachal Foundation gives
- 64% of 2025 grantees were also funded in 2024. Method
- Giving grew 52% from 2022 to 2025. Method
- In 2025 it paid out 126% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2025). 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 foundation’s mission is to use its resources exclusively for charitable, scientific, literary, or educational purposes within Texas. Its grant records show support for varied activities, including asset purchases, general operations, capital campaigns, program support, infrastructure improvements, and scholarships.
Examples of supported organizations illustrate that range. Remember the Alamo Foundation received $1 million in 2025; its stated mission is to support the Alamo Trust and its preservation, educational outreach, and public programs. Good Samaritan Rescue Mission, which received $100,000, says it provides shelter, food, clothing, job opportunities, spiritual counseling, and other services to homeless men and women. SA Life Academy, also a $100,000 recipient, says it provides continuing education and related opportunities for adults with intellectual and developmental disabilities. South Texas Animal Rescue Group, which received $100,000, says it operates a spay/neuter and wellness clinic and provides animal-care education.
Grantmaking
In 2025, the foundation reported 344 grants totaling $27,517,291. Grant amounts ranged from $150 to $5,439,911, with a median of $25,000. Its largest reported awards included $5,439,911 to HALO Flight for an asset purchase, $5 million to Louise Allen Foundation for general operations, and $4 million to Palacios Marine Agricultural Research for general operations. Other notable awards were $1 million to Remember the Alamo Foundation for a capital campaign and $610,095 to Coastal Bend Bays & Estuaries for program support.
Review Cycle
** No submission deadlines.
Open Grants
1 open opportunity from Ed Rachal Foundation
Ready to take the next step with Ed Rachal Foundation?
Geographic Focus
Where this funder awards grants
Grant funds must be expended for exempt purposes within Texas. The foundation’s 2025 grant filings reported that 100% of grant dollars went to recipients in Texas.
Grant Distribution by State
Share of all 344 itemized 2025 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
866 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| HALO FLIGHT Corpus Christi, TX | ASSET PURCHASE | $5,439,911 |
| LOUISE ALLEN FOUNDATION Corpus Christi, TX | GENERAL OPERATIONS | $5,000,000 |
| PALACIOS MARINE AGRICULTURAL RESEARCH Corpus Christi, TX | GENERAL OPERATIONS | $4,000,000 |
| REMEMBER THE ALAMO FOUNDATION San Antonio, TX | CAPITAL CAMPAIGN | $1,000,000 |
| COASTAL BEND BAYS & ESTUARIES Corpus Christi, TX | PROGRAM SUPPORT | $610,095 |
| UNIVERSITY OF TEXAS MD ANDERSON CENTER Houston, TX | PROGRAM SUPPORT | $500,000 |
| CITY OF PALACIOS Palacios, TX | INFRASTRUCTURE IMPROVEMENTS | $300,000 |
| SOUTH TEXAS MISSION OF MERCY Corpus Christi, TX | GENERAL OPERATIONS | $300,000 |
| NUECES COUNTY Corpus Christi, TX | ASSET PURCHASE | $290,471 |
| DIOCESE OF CORPUS CHRISTI Corpus Christi, TX | GENERAL OPERATIONS | $200,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $825,410,588 | $103,220,023 | $56,539,173 | $27,517,291 |
| 2024 | $722,339,907 | $78,609,942 | $52,385,851 | $24,684,779 |
| 2023 | $723,641,857 | $90,054,904 | $53,476,258 | $26,869,852 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $825,410,588 | $722,339,907 | $723,641,857 |
| Revenue | $103,220,023 | $78,609,942 | $90,054,904 |
| Expenses | $56,539,173 | $52,385,851 | $53,476,258 |
| Qualifying Distributions | $36,590,273 | $32,021,097 | $31,184,979 |
| Net Investment Income | $83,928,071 | $59,015,537 | $69,000,299 |
| Distributable Amount | $29,002,097 | $24,631,936 | $25,966,720 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists David L. Hoyer as board chairman; Ken W. Trawick as vice board chairman; John J. Johnson as secretary/treasurer; Ken L. Kellar as director; Joshua T. Gaines and David J. Morales as advisory directors; Paul D. Altheide as president/CEO; and Myra K. Morris as chief legal.
Ed Rachal Foundation is led by Paul D. Altheide, President on every filing since 2020; 7 of 8 officers listed in 2025 are compensated.
Officers on the 2025 filing
Paul D. Altheide
President
On filings since 2020
50 hrs/week
$505K (2020) → $675K (2025)
David L. Hoyer
Board Chairman
On filings since 2020
6 hrs/week
$72K (2020) → $67K (2025)
David J. Morales
Advisory Director
Advisory Director → Director, 2022
Director → Advisory Director, 2025
On filings since 2021
5 hrs/week
$6K (2021) → $64K (2025)
Joshua T. Gaines
Advisory Director
Advisory Director → Director, 2022
Director → Advisory Director, 2025
On filings since 2021
5 hrs/week
$6K (2021) → $64K (2025)
Ken L. Kellar
Director
On filings since 2020
5 hrs/week
No compensation reported
John J. Johnson
Secretary & Treasurer
On filings since 2020
5 hrs/week
$72K (2020) → $67K (2025)
Ken W. Trawick
Vice Board Chairman
Vice Board C → Vice Board Chairman, 2023
On filings since 2020
5 hrs/week
$74K (2020) → $67K (2025)
Myra K. Morris
Chief Legal
On filings since 2020
40 hrs/week
$306K (2020) → $377K (2025)
Former officers (2)
- Former: John P. Jordan (2020–2021) — Vice President
- Former: E. Richard Schendel (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
Contact
Application contact: Paul D Altheide
Mailing address: 555 N Carancahua Suite 700, Corpus Christi, TX 78401
Phone: (361) 881-9040
Website: https://edrachal.org
Frequently asked questions about Ed Rachal Foundation
How much does Ed Rachal Foundation give each year?
Ed Rachal Foundation gave $27.5M across 344 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $24.7M across 272 grants.
What is Ed Rachal Foundation's typical grant size?
Ed Rachal Foundation's median grant in 2025 was $25,000, and its average grant was $79,992, across 344 grants on its 2025 IRS Form 990-PF.
Where does Ed Rachal Foundation give grants?
Ed Rachal Foundation gives mostly in Texas: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Corpus Christi, TX (106 grants), Houston, TX (21 grants), San Antonio, TX (19 grants) and Palacios, TX (16 grants).
Does Ed Rachal Foundation give general operating support?
Yes: 42% of Ed Rachal Foundation's 2025 grants with a stated purpose (143 of 344) were for general or operating support, per its 2025 IRS Form 990-PF. Recurring purposes include "Program Support" (166 grants), "Scholarships" (10 grants) and "Program Support - Rotc" (9 grants).
Who are Ed Rachal Foundation's largest grantees?
Ed Rachal Foundation's largest 2025 grantees include Halo Flight ($5,439,911), Louise Allen Foundation ($5,000,000) and Palacios Marine Agricultural Research ($4,000,000), according to its 2025 IRS Form 990-PF. Together they received 52% of its itemized 2025 grant dollars.
How large is Ed Rachal Foundation?
Ed Rachal Foundation reported $825.4M in total assets on its 2025 IRS Form 990-PF. It paid out $36.6M in qualifying distributions that year, against a required minimum of $29.0M (roughly 5% of its investment assets).
What does Ed Rachal Foundation fund?
The foundation’s mission is to use its resources exclusively for charitable, scientific, literary, or educational purposes within Texas. Its grant records show support for varied activities, including asset purchases, general operations, capital campaigns, program support, infrastructure improvements, and scholarships. Examples of supported organizations illustrate that range. Remember the Alamo Foundation received $1 million in 2025; its stated mission is to support the Alamo Trust and its pre…
How do I apply for a grant from Ed Rachal Foundation?
The foundation accepts applications at any time. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Ed Rachal Foundation's EIN?
Ed Rachal Foundation's EIN (Employer Identification Number) is 74-1116595. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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