Foundation for Truth
Foundation for Truth is a private foundation based in San Angelo, Texas. It supports evangelism and related charitable work, including religious materials and activities, church and ministry initiatives, and benevolence.
Key facts about Foundation for Truth
In short: Foundation for Truth gave $1.7M across 24 grants in 2024 (avg $71K), mostly in Texas. 21% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 45-2747584
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,708,900
- Grants made (2024)
- 24
- Average grant
- $71,204
- Median grant
- $43,000
- New grantees (estimate)
- 21% first-time grantees (3 of 14, 2024; small sample)
- Total assets
- $60,485,766
- Primary geography
- Texas (55% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$60.5M
+3.1% YoY
Annual Giving
$1.7M
+0.4% YoY
Grant Count
24
+26.3% YoY
Avg Grant Size
$71K
-20.5% YoY
Under IRS private-foundation payout rules, Foundation for Truth reported a distributable amount of $2.2M for 2024 — the minimum it must pay out in qualifying distributions.
Is Foundation for Truth open to new grantees?
21%
first-time grantees, 2024
In 2024, 3 of 14 grantees (21%) were first-time recipients. With only 14 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $30K; repeat grants $147K. How we count
Medians: $25K first-time, $112K repeat.
- 71% of 2024 grantees were also funded in 2023. Method
- Giving grew 29% from 2021 to 2024. Method
- In 2024 it paid out 84% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The foundation’s stated evangelism program promotes the Gospel of Christ through literature and materials distributed to congregations and individuals, both in the United States and abroad, as well as through direct community activities.
Its 2024 grants supported churches and religious organizations, including work in evangelism, religious education, mission activities, and children’s homes. For example, an individual recipient Bible School says it produces religious educational materials in video and text for distribution around the world. Apologetics Press says it produces biblical and scientific educational materials to edify Christians, equip them to evangelize, and reach non-Christians.
Grantmaking
In 2024, the foundation made 24 grants totaling $1,708,900. Grants ranged from $12,000 to $400,000, with a median of $43,000.
Among the largest awards were $400,000 to the San Angelo Area Foundation – Flynn Endowment Fund for a donor-advised fund created to support evangelism and benevolence; $250,000 to Bryan College Station Church of Christ for assistance with a future building expansion and relocation; and $125,000 to Crossville Church of Christ for evangelism work in India. Other notable grants included $100,000 to Gospel Broadcasting Network for evangelism through social media and $100,000 to an individual recipient Bible School for its online Bible school and 2024 staff support.
How to Apply
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
Ready to take the next step with Foundation for Truth?
Geographic Focus
Where this funder awards grants
In 2024, grant dollars went primarily to recipients in Texas (55%), Tennessee (17%), and Mississippi (11%). Georgia received 5%; the recipient state for a further 8% is unidentified in the available breakdown. The foundation’s stated evangelism program also reaches congregations and individuals in the United States and abroad.
Grant Distribution by State
Share of 2024 grant dollars across all 24 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $1.3M (2021) to $1.7M (2024). In 2024 it made 24 grants totaling $1.7M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was San Angelo Area Foundation - Flynn Endowment Fund ($400K). Together the top 10 received $1.5M.
Organizations only. It also paid 2 grants to individuals ($112,000), which are not listed by name.
Grant Size Distribution
102 grants across all recorded years
The most common grant size was under $50K: 49 grants of 102 (48%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| San Angelo Area Foundation - Flynn Endowment Fund San Angelo, TX | Flynn endowment fund, a daf created to fund evangelism and benevolence | $400,000 |
| Bryan College Station Church of Christ Bryan, TX | Financial assistance with future expansion to a new building and location | $250,000 |
| Crossville Church of Christ Crossville, TN | Financial assistance with evangelism to preach and teach the gospel in india | $125,000 |
| Gospel Broadcasting Network Olive Branch, MS | Financial assistance to promote evangelism through social media platforms | $100,000 |
| 2 grants to individuals Recipients not named | — | $112,000 |
| Sierra Ventana Church of Christ | Financial assistance for monthly support of mission work, radio program, school of preaching, travel and fom | $97,200 |
| Crossville Church of Christ Crossville, TN | Financial assistance with the capital expenses for the morning star hostel children's home in india | $88,700 |
| East Ridge Church of Christ Dalton, GA | Financial Assistance to Support Evangelistic Mission Work | $60,000 |
| Bryan College Station Church of Christ Bryan, TX | Financial assistance with their Texas school of preaching endowment fund | $50,000 |
| Gospel Broadcasting Network San Angelo, TX | Financial Assistance with Their Endowment Fund | $50,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Grant total | Number of grants |
|---|---|---|
| 2024 | $1,708,900 | 24 |
| 2023 | $1,702,500 | 19 |
| 2022 | $1,523,600 | 18 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $60,485,766 | $58,655,020 | $52,997,643 |
| Revenue | $4,086,428 | $7,937,113 | $8,088,360 |
| Expenses | $2,255,682 | $2,279,736 | $2,158,588 |
| Qualifying Distributions | $1,818,234 | $1,889,118 | $1,735,892 |
| Net Investment Income | $3,558,980 | $7,537,495 | $7,654,538 |
| Distributable Amount | $2,168,490 | $1,887,011 | $1,730,497 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 10, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
Officers and directors listed on the 2024 filing are Dennis Reed, president; Don McKee, secretary/treasurer; Michael Light, vice president; Morey Mast, director; and Paden Reed, director. Ryan Smithey is identified as a foundation employee who conducts direct evangelistic activities in the community.
Foundation for Truth is led by Dennis Reed, President on every filing since 2020; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Dennis Reed
President
On filings since 2020
25 hrs/week
No compensation reported
Morey Mast
Director
On filings since 2020
1 hr/week
No compensation reported
Paden Reed
Director
On filings since 2020
2 hrs/week
No compensation reported
Michael Light
Vice President
On filings since 2020
1 hr/week
No compensation reported
Don McKee
Secretary & Treasurer
On filings since 2022
1 hr/week
No compensation reported
Former officers (3)
- Former: Bryan Braswell (2020–2023) — Director
- Former: Don Iverson (2020–2021) — Director
- Former: Donald W. McKee Jr. (2020–2021) — Secretary & Treasurer
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: 3140 Executive Drive, San Angelo, TX 76904
Phone: (325) 942-8984
Frequently asked questions about Foundation for Truth
How much does Foundation for Truth give each year?
Foundation for Truth gave $1.7M across 24 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.7M across 19 grants.
What is Foundation for Truth's typical grant size?
Foundation for Truth's median grant in 2024 was $43,000, and its average grant was $71,204, across 24 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Foundation for Truth that year got $30K on average.
Where does Foundation for Truth give grants?
Foundation for Truth gives mostly in Texas: 55% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Tennessee (17%) and Mississippi (11%). The most frequent recipient cities were Crossville, TN (4 grants), Bryan, TX (3 grants), Montgomery, AL (3 grants) and San Angelo, TX (2 grants).
Does Foundation for Truth give general operating support?
Yes: 17% of Foundation for Truth's 2024 grants with a stated purpose (4 of 24) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Foundation for Truth's largest grantees?
Foundation for Truth's largest 2024 grantees include San Angelo Area Foundation - Flynn Endowment Fund ($400,000), Bryan College Station Church of Christ ($325,000 across 3 grants) and Crossville Church of Christ ($295,700 across 4 grants), according to its 2024 IRS Form 990-PF. It also paid 2 grants to individuals ($112,000), which are not listed by name. Together they received 60% of its itemized 2024 grant dollars.
How large is Foundation for Truth?
Foundation for Truth reported $60.5M in total assets on its 2024 IRS Form 990-PF. It paid out $1.8M in qualifying distributions that year, against a required minimum of $2.2M (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 does Foundation for Truth fund?
The foundation’s stated evangelism program promotes the Gospel of Christ through literature and materials distributed to congregations and individuals, both in the United States and abroad, as well as through direct community activities. See mission & focus areas ↑
How do I apply for a grant from Foundation for Truth?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Foundation for Truth's EIN?
Foundation for Truth's EIN (Employer Identification Number) is 45-2747584. IRS Form 990 filing data is available on this page for 2020–2024.
Does Foundation for Truth accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching Foundation for Truth by hand.
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