Fernando A Salinas Trust
Fernando A Salinas Trust is a private foundation, based in Laredo, TX. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $11.7M in total assets. In 2024, it awarded 3 grants totaling $370K. Net investment income was $223K.
Fernando A Salinas Trust at a glance
In short: Fernando A Salinas Trust gave $370K across 3 grants in 2024 (avg $123K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $369,990
- -86.8% vs 2023
- Grants made (2024)
- 3
- -40.0% vs 2023
- Average grant
- $123,330
- -78.0% vs 2023
- Median grant
- $2,000
- Total assets
- $11,682,916
- -3.9% vs 2023
- Primary geography
- Texas (100% 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 Fernando A Salinas Trust funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Webb County Texas ($366K). Together the top 3 received $370K.
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 4 grants of 8 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How Fernando A Salinas Trust gives
- In 2024 it paid out 69% 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 2023 to 2024, annual grant giving ranged from $370K (2024) to $2.8M (2023). In 2024 it made 3 grants totaling $370K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Webb County Texas Laredo, TX | Land and building donated to Webb County, Texas for use to benefit the community. | $366,490 |
| Laredo Philharmonic Laredo, TX | Community Orchestra | $2,000 |
| Women's City Club Inc Laredo, TX | Community | $1,500 |
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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 | $11,682,916 | $365,716 | $899,721 | $369,990 | 3 | $427,996 | $223,359 | $616,528 |
| 2023 | $12,153,505 | $601,135 | $3,606,482 | $2,805,821 | 5 | $2,863,943 | $296,390 | $638,598 |
Under IRS private-foundation payout rules, Fernando A Salinas Trust reported a distributable amount of $617K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Fernando A Salinas Trust's 2024 filing lists 2 officers; all 2 officers listed in 2024 are compensated.
Officers on the 2024 filing
Carlos M Zaffirini
Co-Trustee
On filings since 2023
15 hrs/week
$125K (2023) → $125K (2024)
David Garcia
Co-Trustee
On filings since 2023
15 hrs/week
$125K (2023) → $125K (2024)
Data from IRS Form 990 filings, 2023–2024. "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 $125K, to David Garcia (Co-Trustee). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Fernando A Salinas Trust
How much does Fernando A Salinas Trust give each year?
Fernando A Salinas Trust gave $370K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2.8M across 5 grants.
What is Fernando A Salinas Trust's typical grant size?
Fernando A Salinas Trust's median grant in 2024 was $2,000, and its average grant was $123,330, across 3 grants on its 2024 IRS Form 990-PF.
Where does Fernando A Salinas Trust give grants?
Fernando A Salinas Trust gives mostly in Texas: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Laredo, TX (3 grants).
Does Fernando A Salinas Trust give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on Fernando A Salinas Trust's 2024 IRS Form 990-PF were described as general or operating support.
How large is Fernando A Salinas Trust?
Fernando A Salinas Trust reported $11.7M in total assets on its 2024 IRS Form 990-PF. It paid out $428K in qualifying distributions that year, against a required minimum of $617K (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 Fernando A Salinas Trust's EIN?
Fernando A Salinas Trust's EIN (Employer Identification Number) is 20-5145945. IRS Form 990 filing data is available on this page for 2023–2024.
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 2023–2024
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Browse active grant opportunities in Fernando A Salinas Trust's focus areas in our free grants database
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