Ippolito Charitable Foundation
The Ippolito Charitable Foundation of Galveston is a private, place-based foundation headquartered in Galveston, Texas. Established in 2001, it operates as a 501(c)(3) nonprofit organization with a mission to improve quality of life in Galveston through strategic philanthropic investment.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$17.5M
+1.2% YoY
Annual Giving
$1.5M
+96.0% YoY
Grant Count
96
+45.5% YoY
Avg Grant Size
$16K
+34.8% YoY
Under IRS private-foundation payout rules, Ippolito Charitable Foundation reported a distributable amount of $989K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's stated mission is to "advance and inspire individuals and nonprofit organizations serving the people of the State of Texas one charitable grant or donation at a time."
Primary funding focus areas include:
- Entrepreneurial and economic development
- Conservation
- Historical preservation
- Education
- Human services
- Community health
Grantmaking
Recent grants include $20,000 to The Grand 1894 Opera House for the Serious Fun Children's Series and Grand Kids Festival, and $1,000 to Crusty Crew Rescue for general and unrestricted support (both December 2024).
Grant Range
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Geographic Focus
Where this funder awards grants
Primary focus is Galveston, Texas, with broader grantmaking throughout Texas and secondary activity in California and Oklahoma.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total assets: $17,631,922
- Total revenues: $259,351
- Total expenses: $90,011
- Investment income and dividends: $206,494
- Net gain from sale of non-inventory assets: $48,775
Historical Context (2023):
- Total assets: $17.3 million
- Total expenses: $1.26 million
- Revenue: $888,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $17,462,582 | $17,251,610 | $17,620,668 |
| Revenue | $2,266,279 | $888,289 | $1,735,679 |
| Expenses | $2,065,307 | $1,257,347 | $1,217,661 |
| Qualifying Distributions | $1,861,456 | $1,065,848 | $1,002,565 |
| Net Investment Income | $2,086,055 | $696,405 | $1,546,183 |
| Distributable Amount | $989,453 | $909,368 | $969,200 |
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
250 grants across all recorded years
Open Grants
1 open opportunity from Ippolito Charitable Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Build Galveston ($300,000), Christus Foundation For Healthcare ($100,000), Galveston Historical Foundation Inc ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 1894 Inc Galveston, TX | The Stage Lighting Project Install LED lighting | $20,000 |
| 4B Disaster Response Network Texas City, TX | General & Unrestricted | $10,000 |
| Alcohol Drug Abuse Womens Center Inc Galveston, TX | General & Unrestricted | $15,000 |
| Alpha Delta Pi Foundation Inc Atlanta, GA | Forever First History Fund | $2,000 |
| American Foundation For Suicide Prevention New York, NY | Hike For Hope Galveston | $300 |
| Artist Boat Inc Galveston, TX | General & Unrestricted | $20,000 |
| Bolivar Point Lighthouse Foundation Inc Port Bolivar, TX | Restricted for the Architectural Drawings and Engineering Specifications for the Lighthouse Crown | $20,000 |
| Build Galveston Galveston, TX | General & Unrestricted | $300,000 |
| Catholic Charities Of The Archdiocese Of Galveston-Houston Houston, TX | Beacon of Hope Center Galveston: Hurricane Beryl Disaster Relief | $5,000 |
| Catholic Charities Of The Archdiocese Of Galveston-Houston Houston, TX | Beacon of Hope Center and Isle Market Food Pantry | $10,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Lee Jurewitz: Chief Administrative Officer
The foundation employs 2 staff members.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| John C Ippolito | President | 1 | $6,000 |
| Crys C Ippolito | Vice President | 1 | $6,000 |
| MJ Alvarado | Vice President | 5 | $32,807 |
| Lee I Jurewitz | Secretary | 10 | $62,335 |
| Pepper I Ammann | Treasurer | 9 | $34,168 |
Recent News & Activity
Recent developments and announcements
The foundation continues active grantmaking focused on cultural and animal welfare organizations in the Galveston area. Recent grants demonstrate support for both arts programming and community animal rescue initiatives.
Empowering Lives: 2026 Grants from Phillips Charitable Foundation - PhillipsSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Ippolito Charitable Foundation fund?
The foundation's stated mission is to "advance and inspire individuals and nonprofit organizations serving the people of the State of Texas one charitable grant or donation at a time." Primary funding focus areas include: • Entrepreneurial and economic development • Conservation • Historical preservation • Education • Human services • Community health
How do I apply for a grant from Ippolito Charitable Foundation?
**Grant Activity:** Recent grants include $20,000 to The Grand 1894 Opera House for the Serious Fun Children's Series and Grand Kids Festival, and $1,000 to Crusty Crew Rescue for general and unrestricted support (both December 2024). **Grant Ranges:** Typical awards range from $52 to $300,000. **Geographic Scope:** The foundation primarily funds in Texas, with some activity in California and Oklahoma.
Where does Ippolito Charitable Foundation make grants?
Primary focus is Galveston, Texas, with broader grantmaking throughout Texas and secondary activity in California and Oklahoma.
What size grants does Ippolito Charitable Foundation award?
In 2024, Ippolito Charitable Foundation awarded 96 grants totaling $1.5M — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is Ippolito Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Ippolito Charitable Foundation reported a distributable amount of $989K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Ippolito Charitable Foundation's EIN?
Ippolito Charitable Foundation's EIN (Employer Identification Number) is 76-0671962. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Ippolito Charitable 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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