Howard Payne College Trust Nect

DALLAS, TX EIN: 75-6006670

Howard Payne College Trust Nect is a private foundation, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $560K in total assets. In 2024, it awarded 1 grants totaling $30K. Net investment income was $55K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$560K

+4.4% YoY

Annual Giving

$30K

+35.8% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$30K

+35.8% YoY

Under IRS private-foundation payout rules, Howard Payne College Trust Nect reported a distributable amount of $31K for 2024 — the minimum it must pay out in qualifying distributions.

About Howard Payne College Trust Nect

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $152K (100%)

States

Texas

Cities

Brownwood

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$560,366	$536,854	$544,418
Revenue	$57,331	$17,481	$-13,557
Expenses	$33,217	$24,828	$57,180
Qualifying Distributions	$30,927	$22,963	$52,544
Net Investment Income	$54,727	$13,976	$9,276
Distributable Amount	$31,426	$28,543	$29,152

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Howard Payne University ($30,154).

Recipient	Purpose	Amount
HOWARD PAYNE UNIVERSITY BROWNWOOD, TX	UNRESTRICTED GENERAL	$30,154

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BANK OF AMERICA	TRUSTEE	1	$683

Frequently Asked Questions

How large is Howard Payne College Trust Nect?

As of 2024, Howard Payne College Trust Nect holds $560K in total assets with $57K in annual revenue. It awarded 1 grants totaling $30K in 2024.

Where does Howard Payne College Trust Nect operate?

Howard Payne College Trust Nect has awarded grants in Texas.

What size grants does Howard Payne College Trust Nect award?

In 2024, Howard Payne College Trust Nect awarded 1 grants totaling $30K — an average of about $30K per grant, based on its IRS Form 990 filings.

How much is Howard Payne College Trust Nect required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Howard Payne College Trust Nect reported a distributable amount of $31K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Howard Payne College Trust Nect's EIN?

Howard Payne College Trust Nect's EIN (Employer Identification Number) is 75-6006670. IRS Form 990 filing data is available on this page for 2020–2024.