James and Lillian Lockerd

Foundation · Grantmaker Henderson, TX EIN: 75-6476031

James and Lillian Lockerd is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Henderson, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $454K in total assets. In 2024, it awarded 7 grants totaling $20K. Net investment income was $14K.

Key facts about James and Lillian Lockerd

EIN: 75-6476031
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $20,000
Grants made (2024): 7
Average grant: $2,857
Median grant: $3,000
Total assets: $453,689
Primary geography: Texas (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who James and Lillian Lockerd funds

By grant dollars, the top recipient states for James and Lillian Lockerd's 7 itemized 2024 grants were Texas (100%). The most frequent recipient cities were Lewisville, TX (3 grants) and Corsicana, TX (2 grants). None of its 7 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable Operations" (7 grants).

How James and Lillian Lockerd gives

Giving held roughly steady from 2021 to 2024 (−13%). Method
In 2024 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.

Next steps with James and Lillian Lockerd

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$454K

-2.0% YoY

Annual Giving

$20K

-4.8% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$3K

-4.8% YoY

Under IRS private-foundation payout rules, James and Lillian Lockerd reported a distributable amount of $23K for 2024 — the minimum it must pay out in qualifying distributions.

About James and Lillian Lockerd

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $20K (100%)

Share of all 7 itemized 2024 grant dollars.

States

Texas

Cities

LewisvilleCorsicanaEulessIrvingDentonFlower MoundKaufman

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$453,689	$462,738	$458,544
Revenue	$17,023	$31,017	$24,057
Expenses	$26,072	$26,823	$30,074
Qualifying Distributions	$22,275	$23,216	$26,350
Net Investment Income	$13,611	$27,695	$20,531
Distributable Amount	$23,331	$22,172	$23,291

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Grant Size Distribution

39 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Life Outreach International ($4,000), Trinity Broadcasting Network ($4,000), First Methodist Church ($4,000).

Recipient	Purpose	Amount
LIFE OUTREACH INTERNATIONAL Euless, TX	CHARITABLE OPERATIONS	$4,000
TRINITY BROADCASTING NETWORK Irving, TX	CHARITABLE OPERATIONS	$4,000
FIRST METHODIST CHURCH Corsicana, TX	CHARITABLE OPERATIONS	$4,000
LEWISVILLE EDUCATION FOUNDATION Lewisville, TX	CHARITABLE OPERATIONS	$3,000
COMPASSION CORSICANA Corsicana, TX	CHARITABLE OPERATIONS	$2,000
LEWISVILLE HIGH SCHOOL Lewisville, TX	CHARITABLE OPERATIONS	$2,000
CHRISTIAN COMMUNITY ACTION Lewisville, TX	CHARITABLE OPERATIONS	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

Name	Title	Hours	Compensation
Verabank	Trustee	4	$5,112

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is James and Lillian Lockerd?

James and Lillian Lockerd is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Henderson, TX. It holds $454K in total assets as of 2024.

How large is James and Lillian Lockerd?

As of 2024, James and Lillian Lockerd holds $454K in total assets with $17K in annual revenue. It awarded 7 grants totaling $20K in 2024.

Where does James and Lillian Lockerd operate?

James and Lillian Lockerd has awarded grants in Texas.

What size grants does James and Lillian Lockerd award?

In 2024, James and Lillian Lockerd awarded 7 grants totaling $20K — an average of about $3K per grant, based on its IRS Form 990 filings.

How much is James and Lillian Lockerd required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, James and Lillian Lockerd reported a distributable amount of $23K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.