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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$11.4M
+0.5% YoY
Annual Giving
$672K
-3.6% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$168K
-3.6% YoY
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.
About Edward D & Sally M Futch
Based on IRS filings
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.
Ready to take the next step with Edward D & Sally M Futch?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $11,437,161 | $11,375,923 | $11,478,016 |
| Revenue | $834,417 | $695,720 | $939,098 |
| Expenses | $775,694 | $798,616 | $758,895 |
| Qualifying Distributions | $682,366 | $704,871 | $655,959 |
| Net Investment Income | $744,551 | $603,376 | $838,223 |
| Distributable Amount | $725,628 | $651,290 | $668,065 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
17 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ducks Unlimited ($347,000), First Presbyterian Church ($125,000), Rosenberg Library ($100,000).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM C ANSELL | TRUSTEE | 1 | $1,000 |
| ALICE A ANDERSON | TRUSTEE | 1 | $1,000 |
| MICHAEL HUGHES | TRUSTEE | 1 | $1,000 |
Frequently Asked Questions
How large is Edward D & Sally M Futch?
As of 2024, Edward D & Sally M Futch holds $11.4M in total assets with $834K in annual revenue. It awarded 4 grants totaling $672K in 2024.
Where does Edward D & Sally M Futch operate?
Edward D & Sally M Futch has awarded grants in Tennessee, Texas.
What size grants does Edward D & Sally M Futch award?
In 2024, Edward D & Sally M Futch awarded 4 grants totaling $672K — an average of about $168K per grant, based on its IRS Form 990 filings.
How much is Edward D & Sally M Futch required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Edward D & Sally M Futch reported a distributable amount of $726K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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