Edward D & Sally M Futch

Foundation · Grantmaker GALVESTON, TX EIN: 76-0357123

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

+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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Tennessee $1.8M (53%)

Texas $1.5M (47%)

States

Tennessee Texas

Cities

GalvestonMemphis

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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.