The Hibbs Family Foundation is a private foundation located in Tyler, Texas, established in March 2000. It operates as a 501(c)(3) organization with no employees and functions as a grantmaking foundation supporting various charitable causes in the East Texas region.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.1M
+4.1% YoY
Annual Giving
$210K
-49.0% YoY
Grant Count
32
+14.3% YoY
Avg Grant Size
$7K
-55.4% YoY
Under IRS private-foundation payout rules, Hibbs Family Foundation reported a distributable amount of $166K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation primarily funds:
- Memorials
- Programs impacting the lives of children and families
- Medical and dental care for financially disadvantaged families
- Educational scholarships
- Arts organizations
- Military support programs
- Business and economic research initiatives
Grantmaking
The foundation made 31 grants totaling approximately $277,539 in the most recent fiscal year. Notable recent grants include:
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Geographic Focus
Where this funder awards grants
The foundation focuses on East Texas, with particular emphasis on the Tyler area and surrounding communities.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending December 2024:
- Total Assets: $3,125,525
- Total Revenues: $362,577
- Total Expenses: $240,317
As of Fiscal Year Ending December 2023:
- Total Assets: $3,003,265
- Total Giving: $411,623
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,125,525 | $3,003,265 | $3,236,905 |
| Revenue | $362,577 | $209,481 | $135,722 |
| Expenses | $240,317 | $443,937 | $289,205 |
| Qualifying Distributions | $209,969 | $411,623 | $161,763 |
| Net Investment Income | $161,746 | $109,756 | — |
| Distributable Amount | $165,798 | $156,628 | $137,988 |
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
158 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Tyler Junior College Foundation ($69,000), Faith Comes by Hearing ($35,000), The Mentoring Alliance ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| TYLER DAY NURSERY TYLER, TX | PROVIDE SUPPORT FOR CHILDREN'S DAY CARE | $500 |
| EAST TEXAS FOOD BANK TYLER, TX | ASSISTANCE TO INDIGENT FAMILIES | $10,000 |
| JUNIOR ACHIEVEMENT TYLER, TX | PROVIDE SUPPORT FOR AGE-APPROPRIATE CURRICULUM THAT TEACHES STUDENTS ABOUT THEIR ROLES AS INDIVIDUALS, WORKERS, AND CONSUMERS; THE ECONCOMIC REALITIES OF LIFE; AND THE IMPORTANCE OF STAYING IN SCHOOL. | $2,680 |
| ALZHEIMER'S ALLIANCE TYLER, TX | support needs for services & respite care | $500 |
| TYLER MUSEUM OF ART TYLER, TX | PROVIDE SUPPORT FOR COMMUNITY ART EDUCATION & SCHOOL OF ART | $1,500 |
| TYLER JUNIOR COLLEGE FOUNDATION TYLER, TX | PROVIDE SUPPORT ANNUAL SCHOLARSHIP FUND | $69,000 |
| EAST TEXAS AREA COUNCIL BSA TYLER, TX | PROVIDE ASSISTANCE WITH BOY SCOUTS | $1,750 |
| DALLAS MUSEUM OF ART DALLAS, TX | PROVIDE ASSISTANCE FOR SUPPORT OF ARTS EDUCATION | $2,060 |
| HEARTLIGHT MINISTRIES HALLSVILLE, TX | PROVIDE SUPPORT FOR STRUGGLING TEENS & THEIR FAMILIES | $5,000 |
| AZLEWAY INC TYLER, TX | PROVIDE SUPPORT & A HIGH LEVEL OF SERVICE FOR ABUSED & DAMAGED CHILDREN. | $500 |
Leadership & Key People
Leadership team and compensation from IRS filings
Billy E. Hibbs, Jr. - Chairman and CEO of Heartland Insurance Group, Inc., and President of Hibbs Family Foundation. He previously interned at the University of Texas Bureau of Business Research in Austin during the 1970s and serves on the Advisory Board of the Hibbs Institute for Business & Economic Research.
Tisa Weiss Hibbs - Serves in a key leadership role on the Board. She has experience in Hollywood and theatre, and serves on the board of Tyler Civic Theatre Center.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STRATTON WEISS HIBBS | Secretary | — | — |
| BILLY E HIBBS JR | President | — | — |
| TERESA W HIBBS | Vice President | — | — |
| LONDON ELIZABETH HIBBS | Director | — | — |
| ROBERT MONAGHAN | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Hibbs Family Foundation fund?
The foundation primarily funds: • Memorials • Programs impacting the lives of children and families • Medical and dental care for financially disadvantaged families • Educational scholarships • Arts organizations • Military support programs • Business and economic research initiatives
How do I apply for a grant from Hibbs Family Foundation?
**Recent Grant Activity (2024):** The foundation made 31 grants totaling approximately $277,539 in the most recent fiscal year. Notable recent grants include: • Tyler Junior College Foundation: $69,000 (Annual Scholarship Fund) • Faith Comes By Hearing: $35,000 (Military Biblestick Program) • Mentoring Alliance: $25,000 (Scholarships and Programs for Multi-Ethnic Ministry Serving Children and Families of East Texas) The foundation has also provided significant support to medical and dental care…
Where does Hibbs Family Foundation make grants?
The foundation focuses on East Texas, with particular emphasis on the Tyler area and surrounding communities.
What size grants does Hibbs Family Foundation award?
In 2024, Hibbs Family Foundation awarded 32 grants totaling $210K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Hibbs Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hibbs Family Foundation reported a distributable amount of $166K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hibbs Family Foundation's EIN?
Hibbs Family Foundation's EIN (Employer Identification Number) is 75-2851757. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Hibbs Family Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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