Ernst Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.9M in total assets. In 2024, it awarded 4 grants totaling $1.1M. Net investment income was $222K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.9M
-14.7% YoY
Annual Giving
$1.1M
+116.3% YoY
Grant Count
4
+33.3% YoY
Avg Grant Size
$265K
+62.2% YoY
Under IRS private-foundation payout rules, Ernst Family Foundation reported a distributable amount of $350K for 2024 — the minimum it must pay out in qualifying distributions.
About Ernst Family Foundation
Based on IRS filings
Ernst Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.9M in total assets. In 2024, it awarded 4 grants totaling $1.1M. Net investment income was $222K.
Focus Areas
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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 | $4,917,521 | $5,762,236 | $6,089,470 |
| Revenue | $234,260 | $177,238 | $504,563 |
| Expenses | $1,077,292 | $503,409 | $528,334 |
| Qualifying Distributions | $1,062,039 | $492,007 | $486,785 |
| Net Investment Income | $222,476 | $156,486 | $133,175 |
| Distributable Amount | $350,436 | $318,992 | $283,745 |
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
22 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Drake University ($525,000), Community Foundation of Greater Dubuque ($450,000), Financial Health Network ($75,000).
| Recipient | Purpose | Amount |
|---|---|---|
| COMMUNITY FOUNDATION OF GREATER DUBUQUE DUBUQUE, IA | PUBLIC SERVICE PROGRAM SUPPORT | $450,000 |
| DRAKE UNIVERSITY DES MOINES, IA | ONGOING OPERATING SUPPORT | $525,000 |
| DUKE UNIVERSITY DURHAM, NC | ONGOING OPERATING SUPPORT | $10,000 |
| FINANCIAL HEALTH NETWORK CHICAGO, IL | ONGOING OPERATING SUPPORT | $75,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARK ERNST | PRESIDENT/DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Ernst Family Foundation?
Ernst Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALLAS, TX. It holds $4.9M in total assets as of 2024.
How large is Ernst Family Foundation?
As of 2024, Ernst Family Foundation holds $4.9M in total assets with $234K in annual revenue. It awarded 4 grants totaling $1.1M in 2024.
Where does Ernst Family Foundation operate?
Ernst Family Foundation has awarded grants in Iowa, Illinois, Kansas, North Carolina, Texas.
What size grants does Ernst Family Foundation award?
In 2024, Ernst Family Foundation awarded 4 grants totaling $1.1M — an average of about $265K per grant, based on its IRS Form 990 filings.
How much is Ernst Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Ernst Family Foundation reported a distributable amount of $350K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Ernst Family Foundation's EIN?
Ernst Family Foundation's EIN (Employer Identification Number) is 84-3518735. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Ernst Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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