Foundation for a Globally Competitive Texas
The Foundation for a Globally Competitive Texas (FGCT) was created to facilitate the growth of Texas in a global business environment. The Foundation advises state and national policy makers on issues critical to Texas' economic growth with timely and fact-based information.
Foundation for a Globally Competitive Texas at a glance
- Total assets
- $389,584
- -8.4% vs 2024
- Revenue (2025)
- $273,418
- -56.8% vs 2024
- Expenses (2025)
- $309,297
- +17.4% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated November 2026.
Who Foundation for a Globally Competitive Texas funds
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $3K (2021) to $10K (2024). In 2024 it made 1 grant totaling $10K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| State Business Executives Springfield, VA | Employer surveys | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants |
|---|---|---|---|---|---|
| 2025 | $389,584 | $273,418 | $309,297 | — | — |
| 2024 | $425,463 | $633,473 | $263,520 | $10,000 | 1 |
| 2023 | $55,510 | $205,381 | $239,665 | $10,000 | 1 |
| 2022 | $89,794 | $118,250 | $147,407 | — | — |
| 2021 | $118,951 | $294,946 | $218,675 | $3,023 | Total only |
| 2020 | $42,680 | $130,000 | $124,432 | — | — |
| 2019 | $37,112 | $85,670 | $69,811 | — | — |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Foundation for a Globally Competitive Texas
Based on IRS filings
Foundation for a Globally Competitive Texas is a public charity focused on Education, based in Austin, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $390K in total assets.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Foundation for a Globally Competitive Texas is led by Justin Yancy, Executive Director & Secretary since 2020 (on filings since 2019); none of the 9 officers listed in 2025 report compensation.
Officers on the 2025 filing
Justin Yancy
Executive Director & Secretary
Executive Director → Executive Director & Secretary, 2020
On filings since 2019
1 hr/week
No compensation reported
Nick Serafy
Chairman
Director → Chairman, 2022
On filings since 2019
1 hr/week
No compensation reported
Gay Gaddis
Director
Director → Board Member, 2022
Board Member → Director, 2023
On filings since 2019
1 hr/week
No compensation reported
Tym Tombar
Director
Director → Board Member, 2022
Board Member → Director, 2023
On filings since 2019
1 hr/week
No compensation reported
Kyndel Bennett
Director
On filings since 2023
1 hr/week
No compensation reported
Reba Cardenas McNair
Director
On filings since 2023
1 hr/week
No compensation reported
Brian Haley
Director
New on the 2025 filing
1 hr/week
No compensation reported
Jason Schenker
Director
New on the 2025 filing
1 hr/week
No compensation reported
Colleen McHugh
Treasurer
On filings since 2019
1 hr/week
No compensation reported
Former officers (2)
- Former: Kent Eastman (2019–2022) — Board Member
- Former: Woody L Hunt (2019–2022) — Board Member
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Foundation for a Globally Competitive Texas
How large is Foundation for a Globally Competitive Texas?
Foundation for a Globally Competitive Texas reported $390K in total assets on its 2025 IRS Form 990. Its revenue that year was $273K.
What is Foundation for a Globally Competitive Texas?
Foundation for a Globally Competitive Texas is a public charity focused on Education, based in Austin, TX. It holds $390K in total assets as of 2025.
Where does Foundation for a Globally Competitive Texas operate?
Foundation for a Globally Competitive Texas has awarded grants in Virginia.
What is Foundation for a Globally Competitive Texas's EIN?
Foundation for a Globally Competitive Texas's EIN (Employer Identification Number) is 20-5645189. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated November 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Added Form 990-EZ for fiscal year 2019 (received by the IRS February 27, 2020)
- Updated Form 990 for fiscal year 2021 (received by the IRS September 6, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS September 30, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS October 28, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS September 11, 2026)
Live grants for the work Foundation for a Globally Competitive Texas funds
Education Open opportunities, soonest deadline first.
- UK Annual Writing Award: 'Pleasure in the Task of Writing' £250 (1st prize); £50 (runners-up); books for school library · Due November 5, 2026
- Nellie Mae Event Sponsorship Fund Grant Up to US $5,000 · Due November 5, 2026
- Rubin and Gloria Feldman Family Educational Institute Up to $5,000 · Due November 5, 2026
Explore Open Grants
Browse active grant opportunities in Foundation for a Globally Competitive Texas's focus areas in our free grants database
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