Ippolito Charitable Foundation
The Ippolito Charitable Foundation is a private foundation listed in Houston, Texas. It describes itself as a primarily place-based foundation focused on improving quality of life in Galveston through grants, funding, and investment, in collaboration with other funders, the community, and VisionGalveston.
Key facts about Ippolito Charitable Foundation
In short: Ippolito Charitable Foundation gave $1.5M across 96 grants in 2024 (avg $16K), mostly in Texas. 39% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 76-0671962
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,506,685
- Grants made (2024)
- 96
- Average grant
- $15,695
- Median grant
- $10,000
- New grantees (estimate)
- 39% first-time grantees (28 of 71, 2024)
- Total assets
- $17,462,582
- Primary geography
- Texas (98% of itemized 2024 grant dollars)
- How to apply
- Follow the application instructions and provide the materials described on the program website. Full details ↓
- Deadline
- June 1.
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
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.
Is Ippolito Charitable Foundation open to new grantees?
39%
first-time grantees, 2024
In 2024, 28 of 71 grantees (39%) were first-time recipients. First grants averaged $23K; repeat grants $20K. How we count
Medians: $10K first-time, $11K repeat.
- 55% of 2024 grantees were also funded in 2023. Method
- Giving grew 125% from 2021 to 2024. Method
- In 2024 it paid out 188% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The foundation’s mission is to improve quality of life for people in Galveston, with a focus on entrepreneurial and economic development, conservation, and historical preservation. It seeks to help make Galveston an exceptional place to live, work, raise a family, and visit for people of all socioeconomic groups and demographics.
Its supported organizations include community development, health, conservation, and preservation organizations. For example, Build Galveston describes its work as developing attainable workforce housing for local workers, while CHRISTUS Foundation for HealthCare describes its mission as promoting the health and welfare of people in need. Galveston Historical Foundation says it preserves and revitalizes the island’s architectural and maritime heritage.
Grantmaking
In filing year 2024, the foundation reported 96 grants totaling $1,506,685. Grants ranged from $52 to $300,000, with a median grant of $10,000. Notable awards included $300,000 to Build Galveston for general and unrestricted support; $100,000 to CHRISTUS Foundation for HealthCare for the Our Daily Bread Capital Campaign; and $100,000 to Texas A&M Foundation for the Upper Texas Coast Sea Turtle Hospital and Educational Outreach Center. Other awards included $85,000 and $60,000 to Vision Galveston for separate initiatives, $35,000 to United Way of Galveston for the Galveston County Recovery Fund, and $25,000 to Galveston Historical Foundation for a roof replacement project.
Review Cycle
** June 1.
Open Grants
1 open opportunity from Ippolito Charitable Foundation
Ready to take the next step with Ippolito Charitable Foundation?
Geographic Focus
Where this funder awards grants
The foundation describes its work as primarily place-based and focused on Galveston, Texas. Its 2024 grants went predominantly to Texas recipients: 98% of grant dollars were awarded in Texas, with 1% each going to California and Maryland. The filing also lists grant-dollar shares in Georgia and New York as 0%.
Grant Distribution by State
Share of all 96 itemized 2024 grant dollars.
Cities
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
336 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Build Galveston Galveston, TX | General & Unrestricted | $300,000 |
| Christus Foundation For Healthcare Houston, TX | Our Daily Bread Capital Campaign | $100,000 |
| Texas A&M Foundation College Station, TX | Account No. 500-74093 Upper Texas Coast Sea Turtle Hospital and Educational Outreach Center | $100,000 |
| Vision Galveston Inc Galveston, TX | Incubate Galveston iniative, specifically for MORTAR Galveston | $85,000 |
| Vision Galveston Inc Galveston, TX | PhilanthroVision 2024 | $60,000 |
| United Way Of Galveston Inc Galveston, TX | Galveston County Recovery Fund | $35,000 |
| Galveston Historical Foundation Inc Galveston, TX | The Bishop's Palace Roof Replacement Project | $25,000 |
| 1894 Inc Galveston, TX | The Stage Lighting Project Install LED lighting | $20,000 |
| 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 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $17,462,582 | $2,266,279 | $2,065,307 | $1,506,685 |
| 2023 | $17,251,610 | $888,289 | $1,257,347 | $768,605 |
| 2022 | $17,620,668 | $1,735,679 | $1,217,661 | $792,420 |
| 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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists John C. Ippolito as President; Crys C. Ippolito and MJ Alvarado as Vice Presidents; Lee I. Jurewitz as Secretary; and Pepper I. Ammann as Treasurer.
Ippolito Charitable Foundation is led by John C Ippolito, President on every filing since 2020; all 5 officers listed in 2024 are compensated.
Officers on the 2024 filing
John C Ippolito
President
On filings since 2020
1 hr/week
$32K (2020) → $6K (2024)
Crys C Ippolito
Vice President
On filings since 2020
1 hr/week
$6K (2020) → $6K (2024)
Lee I Jurewitz
Secretary
On filings since 2020
10 hrs/week
$26K (2020) → $62K (2024)
MJ Alvarado
Vice President
On filings since 2020
5 hrs/week
$17K (2020) → $33K (2024)
Pepper I Ammann
Treasurer
On filings since 2020
9 hrs/week
$26K (2020) → $34K (2024)
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.
Compensation Overview
From 2024 IRS filing
Contact
Application contact: Grants Director
Mailing address: 6341 Stewart Road 310, Galveston, TX 77551
Phone: (512) 745-3237
Email: grants@ippolitofoundation.org
Website: https://ippolitofoundation.org
Frequently asked questions about Ippolito Charitable Foundation
How much does Ippolito Charitable Foundation give each year?
Ippolito Charitable Foundation gave $1.5M across 96 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $769K across 66 grants.
What is Ippolito Charitable Foundation's typical grant size?
Ippolito Charitable Foundation's median grant in 2024 was $10,000, and its average grant was $15,695, across 96 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Ippolito Charitable Foundation that year got $23K on average.
Where does Ippolito Charitable Foundation give grants?
Ippolito Charitable Foundation gives mostly in Texas: 98% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Galveston, TX (57 grants), Houston, TX (13 grants), Austin, TX (6 grants) and Texas City, TX (3 grants).
Does Ippolito Charitable Foundation give general operating support?
Yes: 41% of Ippolito Charitable Foundation's 2024 grants with a stated purpose (39 of 96) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Ippolito Charitable Foundation's largest grantees?
Ippolito Charitable Foundation's largest 2024 grantees include Build Galveston ($300,000), Vision Galveston Inc ($145,757 across 5 grants) and Christus Foundation For Healthcare ($130,000 across 3 grants), according to its 2024 IRS Form 990-PF. Together they received 38% of its itemized 2024 grant dollars.
How large is Ippolito Charitable Foundation?
Ippolito Charitable Foundation reported $17.5M in total assets on its 2024 IRS Form 990-PF. It paid out $1.9M in qualifying distributions that year, against a required minimum of $989K (roughly 5% of its investment assets).
What does Ippolito Charitable Foundation fund?
The foundation’s mission is to improve quality of life for people in Galveston, with a focus on entrepreneurial and economic development, conservation, and historical preservation. It seeks to help make Galveston an exceptional place to live, work, raise a family, and visit for people of all socioeconomic groups and demographics. Its supported organizations include community development, health, conservation, and preservation organizations. For example, Build Galveston describes its work as dev…
How do I apply for a grant from Ippolito Charitable Foundation?
Follow the application instructions and provide the materials described on the program website. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching Ippolito Charitable Foundation by hand.
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