Heart of Texas Charitable Trust

PITTSBURGH, PA EIN: 20-7364459

Heart of Texas Charitable Trust is a private foundation focused on N/A, based in PITTSBURGH, PA. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $4.2M in total assets. In 2024, it awarded 7 grants totaling $62K. Net investment income was $634K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.2M

+26.1% YoY

Annual Giving

$62K

+53.7% YoY

Grant Count

-12.5% YoY

Avg Grant Size

$9K

+75.6% YoY

Under IRS private-foundation payout rules, Heart of Texas Charitable Trust reported a distributable amount of $217K for 2024 — the minimum it must pay out in qualifying distributions.

About Heart of Texas Charitable Trust

Based on IRS filings

Focus Areas

N/A

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $103K (100%)

States

Texas

Cities

AbileneAmarilloBrownwoodCherokeeKerrvilleRobySnyder

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023
Total Assets	$4,162,784	$3,301,024
Revenue	$1,035,426	$4,082,767
Expenses	$128,637	$70,181
Qualifying Distributions	$72,197	$43,376
Net Investment Income	$633,716	$121,109
Distributable Amount	$217,171	$63,954

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Grant Size Distribution

15 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Roby Church of Christ ($13,675), 37th Street Church of Christ ($11,112), Austin Avenue Church of Christ ($7,535).

Recipient	Purpose	Amount
AUSTIN AVENUE CHURCH OF CHRIST BROWNWOOD, TX	GENERAL OPERATING	$7,535
TEXAS LIONS LEAGUE FOR CHILDREN KERRVILLE, TX	GENERAL OPERATING	$7,459
CHEROKEE HOME FOR CHILDREN CHEROKEE, TX	GENERAL OPERATING	$7,459
CAL FARLEY'S BOYS RANCH AMARILLO, TX	GENERAL OPERATING	$7,459
WEST TEXAS REHABILITATION CENTER ABILENE, TX	GENERAL OPERATING	$7,459
ROBY CHURCH OF CHRIST ROBY, TX	GENERAL OPERATING	$13,675
37TH STREET CHURCH OF CHRIST SNYDER, TX	GENERAL OPERATING	$11,112

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
PNC BANK NA	TRUSTEE	1	$50,197

Subject Areas

Focus areas based on grantmaking activity

N/A

Frequently Asked Questions

What is Heart of Texas Charitable Trust?

Heart of Texas Charitable Trust is a private foundation focused on N/A, based in PITTSBURGH, PA. It holds $4.2M in total assets as of 2024.

How large is Heart of Texas Charitable Trust?

As of 2024, Heart of Texas Charitable Trust holds $4.2M in total assets with $1.0M in annual revenue. It awarded 7 grants totaling $62K in 2024.

Where does Heart of Texas Charitable Trust operate?

Heart of Texas Charitable Trust has awarded grants in Texas.

What size grants does Heart of Texas Charitable Trust award?

In 2024, Heart of Texas Charitable Trust awarded 7 grants totaling $62K — an average of about $9K per grant, based on its IRS Form 990 filings.

How much is Heart of Texas Charitable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Heart of Texas Charitable Trust reported a distributable amount of $217K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Heart of Texas Charitable Trust's EIN?

Heart of Texas Charitable Trust's EIN (Employer Identification Number) is 20-7364459. IRS Form 990 filing data is available on this page for 2023–2024.