Fernando A Salinas Trust

LAREDO, TX EIN: 20-5145945

Fernando A Salinas Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$11.7M

-3.9% YoY

Annual Giving

$370K

-86.8% YoY

Grant Count

-40.0% YoY

Avg Grant Size

$123K

-78.0% YoY

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.

About Fernando A Salinas Trust

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $3.2M (100%)

States

Texas

Cities

Laredo

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023
Total Assets	$11,682,916	$12,153,505
Revenue	$365,716	$601,135
Expenses	$899,721	$3,606,482
Qualifying Distributions	$427,996	$2,863,943
Net Investment Income	$223,359	$296,390
Distributable Amount	$616,528	$638,598

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

8 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Webb County Texas ($366,490), Laredo Philharmonic ($2,000), Women's City Club Inc ($1,500).

Recipient	Purpose	Amount
Women's City Club Inc Laredo, TX	Community	$1,500
Laredo Philharmonic Laredo, TX	Community Orchestra	$2,000
Webb County Texas Laredo, TX	Land and building donated to Webb County, Texas for use to benefit the community.	$366,490

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
David Garcia	Co-Trustee	15	$125,000
Carlos M Zaffirini	Co-Trustee	15	$125,000

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Fernando A Salinas Trust?

Fernando A Salinas Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAREDO, TX. It holds $11.7M in total assets as of 2024.

How large is Fernando A Salinas Trust?

As of 2024, Fernando A Salinas Trust holds $11.7M in total assets with $366K in annual revenue. It awarded 3 grants totaling $370K in 2024.

Where does Fernando A Salinas Trust operate?

Fernando A Salinas Trust has awarded grants in Texas.

What size grants does Fernando A Salinas Trust award?

In 2024, Fernando A Salinas Trust awarded 3 grants totaling $370K — an average of about $123K per grant, based on its IRS Form 990 filings.

How much is Fernando A Salinas Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Fernando A Salinas Trust reported a distributable amount of $617K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.