Grits Foundation
Grits Foundation is a private foundation based in Houston, Texas, established in 1997. The foundation operates as a 501(c)(3) organization and focuses on philanthropic grantmaking across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.0M
-3.3% YoY
Annual Giving
$330K
+13.8% YoY
Grant Count
16
+6.7% YoY
Avg Grant Size
$21K
+6.7% YoY
Mission & Focus Areas
The foundation's primary funding interests include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
The foundation accepts applications.
Grant Range
$5,000–$100,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Texas
- Massachusetts
- California
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $3,963,280
- Total revenue: $197,561
- Total expenses: $335,091
- Net assets: $3,963,280
As of 2023:
- Total assets: $4,100,067
- Total giving: $290,000
- Total revenue: $175,203
- Total expenses: $297,708
Revenue Sources (2024):
- Interest revenue: $223
- Dividends: $113,144
- Sales of assets: $84,194
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,963,280 | $4,100,067 | $4,217,244 |
| Revenue | $197,561 | $175,203 | $77,943 |
| Expenses | $335,091 | $297,708 | $260,143 |
| Qualifying Distributions | $332,084 | $292,074 | $252,428 |
| Net Investment Income | $194,554 | $169,569 | $74,671 |
| Distributable Amount | $340,049 | $291,605 | $294,264 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
79 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN T PETERKIN | PRESIDENT | 1 | — |
| GEORGE A PETERKIN III | V-P, DIRECTOR | 1 | — |
| SUSAN PETERKIN HEY | VICE-PRESIDENT | 1 | — |
| LYNN PETERKIN | TREASURER | 1 | — |
| KATE F PETERKIN | SECRETARY | 1 | — |
Contact Information
- Address: 7811 Wedgewood Lane, Houston, TX 77055-6846
- Telephone: 281-888-3351
- EIN: 31-1505617
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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