Hext Family Foundation
Hext Family Foundation is a private foundation, based in Midland, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.7M in total assets. In 2025, it made $505 in qualifying distributions. Net investment income was $74K.
Hext Family Foundation at a glance
- Total assets
- $1,660,415
- +7.3% vs 2024
- Revenue (2025)
- $79,176
- +13.9% vs 2024
- Qualifying distributions (2025)
- $505
- +25.6% vs 2024
- Expenses (2025)
- $5,761
- +41.2% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Hext Family Foundation funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $1–5M range: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Hext Family Foundation gives
- In 2025 it paid out 1% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2021 it made 1 grant totaling $1.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Odessa College Foundation Odessa, TX | Bill and Jane Hext Scholarship | $1,000,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,660,415 | $79,176 | $5,761 | — | — | $505 | $74,493 | $80,766 |
| 2024 | $1,547,210 | $69,487 | $4,081 | — | — | $402 | $65,708 | $76,667 |
| 2023 | $1,439,689 | $36,285 | $4,009 | — | — | $385 | $32,661 | $72,211 |
| 2022 | $1,746,308 | $46,255 | $4,434 | — | — | $350 | $42,171 | $73,711 |
| 2021 | $1,681,231 | $-52,061 | $1,005,609 | $1,000,000 | 1 | $1,000,353 | $10,252 | $120,554 |
| 2020 | $2,738,901 | $222,905 | $22,927 | — | — | — | $201,768 | $117,055 |
Under IRS private-foundation payout rules, Hext Family Foundation reported a distributable amount of $81K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Hext Family Foundation is led by Jane Hext, President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Jane Hext
President
On filings since 2020
No compensation reported
Tim Spencer
Trustee
On filings since 2020
No compensation reported
Melinda Spencer
Vice President
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Hext Family Foundation
How large is Hext Family Foundation?
Hext Family Foundation reported $1.7M in total assets on its 2025 IRS Form 990-PF. It paid out $505 in qualifying distributions that year, against a required minimum of $81K (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.
Where does Hext Family Foundation operate?
Hext Family Foundation has awarded grants in Texas.
What is Hext Family Foundation's EIN?
Hext Family Foundation's EIN (Employer Identification Number) is 75-2754667. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
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 October 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 6, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 13, 2026)
- IRS filings on file for fiscal years 2020–2025
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