IBC Foundation
IBC Foundation is a private foundation, based in Laredo, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.5M in total assets. In 2024, it awarded 5 grants totaling $2.1M. Net investment income was $180K.
IBC Foundation at a glance
In short: IBC Foundation gave $2.1M across 5 grants in 2024 (avg $412K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $2,060,000
- +71.7% vs 2023
- Grants made (2024)
- 5
- +25.0% vs 2023
- Average grant
- $412,000
- +37.3% vs 2023
- Median grant
- $400,000
- Total assets
- $3,464,403
- -25.4% vs 2023
- Primary geography
- Texas (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who IBC Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was MD Anderson Cancer Center ($1.0M). Together the top 3 received $2.1M.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was in the $250–500K range: 5 grants of 15 (33%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How IBC Foundation gives
- Giving grew 210% from 2021 to 2024. Method
- In 2024 it paid out 872% of its IRS minimum distribution (the 5% rule). 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
From 2021 to 2024, annual grant giving ranged from $665K (2021) to $2.1M (2024). In 2024 it made 5 grants totaling $2.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| MD Anderson Cancer Center Houston, TX | Endowment | $1,000,000 |
| UT Health Science Center San Antonio, TX | Mass Spectrometer | $400,000 |
| UT Health Science Center San Antonio, TX | Endowed Professorships | $400,000 |
| St Mary's University San Antonio, TX | Nursing Wing | $250,000 |
| UT Health Science Center San Antonio, TX | William Heinrich Memorial Endowment | $10,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $3,464,403 | $881,949 | $2,062,185 | $2,060,000 | 5 | $2,060,000 | $179,949 | $236,305 |
| 2023 | $4,644,639 | $1,792,705 | $1,203,697 | $1,200,000 | 4 | $1,203,197 | $91,205 | $200,555 |
| 2022 | $4,055,631 | $673,379 | $1,078,450 | $1,075,000 | 4 | $1,077,950 | $22,379 | $185,721 |
| 2021 | $4,460,702 | $634,949 | $665,000 | $665,000 | 2 | $665,000 | $28,949 | $233,163 |
| 2020 | $4,490,753 | $608,754 | $4,008 | — | — | — | $43,404 | $205,613 |
Under IRS private-foundation payout rules, IBC Foundation reported a distributable amount of $236K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
IBC Foundation is led by Dennis E. Nixon, Director & President on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Dennis E. Nixon
Director & President
On filings since 2020
1 hr/week
No compensation reported
Judith Wawroski
Director, Vice President & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Larry Norton
Director
On filings since 2020
1 hr/week
No compensation reported
Marissa V. Santos
Secretary
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 IBC Foundation
How much does IBC Foundation give each year?
IBC Foundation gave $2.1M across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.2M across 4 grants.
What is IBC Foundation's typical grant size?
IBC Foundation's median grant in 2024 was $400,000, and its average grant was $412,000, across 5 grants on its 2024 IRS Form 990-PF.
Where does IBC Foundation give grants?
IBC Foundation gives mostly in Texas: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were San Antonio, TX (4 grants).
Does IBC Foundation give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on IBC Foundation's 2024 IRS Form 990-PF were described as general or operating support.
Who are IBC Foundation's largest grantees?
IBC Foundation's largest 2024 grantees include MD Anderson Cancer Center ($1,000,000), UT Health Science Center ($810,000 across 3 grants) and St Mary's University ($250,000), according to its 2024 IRS Form 990-PF.
How large is IBC Foundation?
IBC Foundation reported $3.5M in total assets on its 2024 IRS Form 990-PF. It paid out $2.1M in qualifying distributions that year, against a required minimum of $236K (roughly 5% of its investment assets).
What is IBC Foundation's EIN?
IBC Foundation's EIN (Employer Identification Number) is 74-2902265. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in IBC Foundation's focus areas in our free grants database
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