Edward D & Sally M Futch
Edward D & Sally M Futch is a private foundation, based in Galveston, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $11.4M in total assets. In 2024, it awarded 4 grants totaling $672K. Net investment income was $745K.
Edward D & Sally M Futch at a glance
In short: Edward D & Sally M Futch gave $672K across 4 grants in 2024 (avg $168K), mostly in Tennessee. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $672,000
- -3.6% vs 2023
- Grants made (2024)
- 4
- +0.0% vs 2023
- Average grant
- $168,000
- -3.6% vs 2023
- Median grant
- $112,500
- Total assets
- $11,437,161
- +0.5% vs 2023
- Primary geography
- Tennessee (52% 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 Edward D & Sally M Futch funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Ducks Unlimited ($347K). Together the top 4 received $672K.
Grant Size Distribution
17 grants across all recorded years
The most common grant size was in the $100–250K range: 11 grants of 17 (65%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How Edward D & Sally M Futch gives
- Giving held roughly steady from 2021 to 2024 (−3%). Method
- In 2024 it paid out 94% 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 $587K (2020) to $697K (2023). In 2024 it made 4 grants totaling $672K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ducks Unlimited Memphis, TN | Conserve & Protect Wetland Habitat. | $347,000 |
| First Presbyterian Church Galveston, TX | Exterior Restoration Project | $125,000 |
| Rosenberg Library Galveston, TX | Restoration of Library | $100,000 |
| University of Texas Medical Branch Galveston Galveston, TX | Powell Proffessorship | $100,000 |
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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 | $11,437,161 | $834,417 | $775,694 | $672,000 | 4 | $682,366 | $744,551 | $725,628 |
| 2023 | $11,375,923 | $695,720 | $798,616 | $697,000 | 4 | $704,871 | $603,376 | $651,290 |
| 2022 | $11,478,016 | $939,098 | $758,895 | $647,000 | 3 | $655,959 | $838,223 | $668,065 |
| 2021 | $11,286,125 | $1,449,110 | $797,513 | $691,666 | 3 | $694,666 | $885,656 | $692,404 |
| 2020 | $10,614,030 | $473,983 | $693,300 | $586,667 | 3 | — | $384,379 | $605,623 |
Under IRS private-foundation payout rules, Edward D & Sally M Futch reported a distributable amount of $726K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Edward D & Sally M Futch's 2024 filing lists 3 officers; all 3 officers listed in 2024 are compensated.
Officers on the 2024 filing
Michael Hughes
Trustee
On filings since 2020
1 hr/week
$1K (2020) → $1K (2024)
William C. Ansell
Trustee
On filings since 2020
1 hr/week
$1K (2020) → $1K (2024)
Alice A. Anderson
Trustee
On filings since 2023
1 hr/week
$1K (2023) → $1K (2024)
Former officers (1)
- Former: Anne W. Brown (2020–2022) — 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 $1K, to William C Ansell (Trustee). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Edward D & Sally M Futch
How much does Edward D & Sally M Futch give each year?
Edward D & Sally M Futch gave $672K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $697K across 4 grants.
What is Edward D & Sally M Futch's typical grant size?
Edward D & Sally M Futch's median grant in 2024 was $112,500, and its average grant was $168,000, across 4 grants on its 2024 IRS Form 990-PF.
Where does Edward D & Sally M Futch give grants?
Edward D & Sally M Futch gives mostly in Tennessee: 52% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Texas (48%). The most frequent recipient cities were Galveston, TX (3 grants).
Does Edward D & Sally M Futch give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on Edward D & Sally M Futch's 2024 IRS Form 990-PF were described as general or operating support.
How large is Edward D & Sally M Futch?
Edward D & Sally M Futch reported $11.4M in total assets on its 2024 IRS Form 990-PF. It paid out $682K in qualifying distributions that year, against a required minimum of $726K (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 Edward D & Sally M Futch's EIN?
Edward D & Sally M Futch's EIN (Employer Identification Number) is 76-0357123. 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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