James and Lillian Lockerd
James and Lillian Lockerd is a private foundation, based in Henderson, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $447K in total assets. In 2025, it awarded 7 grants totaling $21K. Net investment income was $17K.
James and Lillian Lockerd at a glance
In short: James and Lillian Lockerd gave $21K across 7 grants in 2025 (avg $3K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $20,550
- +2.8% vs 2024
- Grants made (2025)
- 7
- +0.0% vs 2024
- Average grant
- $2,936
- +2.7% vs 2024
- Median grant
- $2,830
- Total assets
- $447,164
- -1.4% vs 2024
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who James and Lillian Lockerd funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was First Methodist Church ($5K). Together the top 7 received $21K.
Grant Size Distribution
36 grants across all recorded years
The most common grant size was under $50K: 36 grants of 36 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
States
Cities
How James and Lillian Lockerd gives
- Giving held roughly steady from 2022 to 2025 (−14%). Method
- In 2025 it paid out 95% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2020 to 2025, annual grant giving ranged from $20K (2024) to $24K (2022). In 2025 it made 7 grants totaling $21K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| First Methodist Church Corsicana, TX | Charitable Operations | $4,500 |
| Life Outreach International Euless, TX | Charitable Operations | $4,110 |
| Trinity Broadcasting Network Irving, TX | Charitable Operations | $4,110 |
| Compassion Corsicana Corsicana, TX | Charitable Operations | $2,830 |
| Lewisville Education Foundation Lewisville, TX | Charitable Operations | $2,000 |
| Lewisville High School Lewisville, TX | Charitable Operations | $2,000 |
| Christian Community Action Lewisville, TX | Charitable Operations | $1,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $447,164 | $20,030 | $26,555 | $20,550 | 7 | $22,876 | $16,540 | $23,977 |
| 2024 | $453,689 | $17,023 | $26,072 | $20,000 | 7 | $22,275 | $13,611 | $23,331 |
| 2023 | $462,738 | $31,017 | $26,823 | $21,001 | 7 | $23,216 | $27,695 | $22,172 |
| 2022 | $458,544 | $24,057 | $30,074 | $24,000 | 7 | $26,350 | $20,531 | $23,291 |
| 2021 | $464,561 | $18,130 | $29,792 | $23,000 | 8 | $25,609 | $14,216 | $26,715 |
| 2020 | $476,223 | $23,038 | $28,065 | $21,000 | 10 | — | $19,355 | $24,977 |
Under IRS private-foundation payout rules, James and Lillian Lockerd reported a distributable amount of $24K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
James and Lillian Lockerd is led by Verabank, Trustee on every filing since 2020 — the only officer listed, and compensated.
Officers on the 2025 filing
Verabank
Trustee
On filings since 2020
2 hrs/week
$6K (2020) → $5K (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $5K, to Verabank (Trustee).
Frequently asked questions about James and Lillian Lockerd
How much does James and Lillian Lockerd give each year?
James and Lillian Lockerd gave $21K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $20K across 7 grants.
What is James and Lillian Lockerd's typical grant size?
James and Lillian Lockerd's median grant in 2025 was $2,830, and its average grant was $2,936, across 7 grants on its 2025 IRS Form 990-PF.
Where does James and Lillian Lockerd give grants?
James and Lillian Lockerd gives mostly in Texas: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Lewisville, TX (3 grants) and Corsicana, TX (2 grants).
Does James and Lillian Lockerd give general operating support?
Not in 2025: none of the 7 grants with a stated purpose on James and Lillian Lockerd's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable Operations" (7 grants).
Who are James and Lillian Lockerd's largest grantees?
James and Lillian Lockerd's largest 2025 grantees include First Methodist Church ($4,500), Life Outreach International ($4,110) and Trinity Broadcasting Network ($4,110), according to its 2025 IRS Form 990-PF. Together they received 62% of its itemized 2025 grant dollars.
How large is James and Lillian Lockerd?
James and Lillian Lockerd reported $447K in total assets on its 2025 IRS Form 990-PF. It paid out $23K in qualifying distributions that year, against a required minimum of $24K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is James and Lillian Lockerd's EIN?
James and Lillian Lockerd's EIN (Employer Identification Number) is 75-6476031. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
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