Jerold B Katz Foundation
The Jerold B Katz Foundation is a private foundation established in 1980 in Texas and granted tax-exempt status in March 1981. Based in Houston, Texas, the foundation represents a significant philanthropic force in the region with substantial assets and annual distributions. The foundation was established by Jerold Burton Katz (1932-2022), founder of GC Services, a pioneering company in the modern bill collection industry.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$391.6M
+2.5% YoY
Annual Giving
$18.0M
+77.1% YoY
Grant Count
13
+18.2% YoY
Avg Grant Size
$1.4M
+49.9% YoY
Under IRS private-foundation payout rules, Jerold B Katz Foundation reported a distributable amount of $21.7M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports initiatives in the following areas:
- Medical Research — Particular emphasis on translational research that accelerates medical discoveries from laboratory to patient care
- Education — Including scholarships and educational institutions
- Health — Medical institutions and health-related initiatives
- Jewish Organizations — Support for Jewish community organizations
- Human Services — Programs supporting human services initiatives
The foundation also provides scholarships for children of employees of the Katz Controlled Group and for employees of the State of Georgia in the Department of Family and Children's Services.
Grantmaking
In fiscal year 2024, the foundation made 11 grants totaling approximately $17,980,000. Notable recent grants include:
Grant Range
$50,000 to $6,500,000
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Geographic Focus
Where this funder awards grants
The foundation primarily funds projects in:
- Texas — Particularly Houston
- New York — Including Bronx and Brooklyn
- California
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending November 2024:
- Total Assets: $391,559,763
- Total Revenue: $29,840,709
- Total Expenses: $20,149,480
- Net Income: $9,691,229
- Total Liabilities: $0
Annual Giving:
- Approximately $18,000,000 in annual distributions
- Total grants awarded in 2024: $17,980,000 (11 grants)
Expense Ratio:
- 38.3% of total revenue spent on programs
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $391,559,763 | $381,868,534 | $364,930,688 |
| Revenue | $29,840,709 | $29,643,222 | $214,488,043 |
| Expenses | $20,149,480 | $11,357,509 | $13,564,374 |
| Qualifying Distributions | $17,989,513 | $10,166,716 | $13,304,593 |
| Net Investment Income | $28,027,320 | $16,841,176 | $11,908,383 |
| Distributable Amount | $21,727,518 | $19,211,150 | $14,005,544 |
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
43 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Methodist Hospital ($6,500,000), Nyu Langone Health ($3,500,000), The Nightingale-bamford School ($2,100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NYU LANGONE HEALTH NEW YORK, NY | 2024 DONATION | $3,500,000 |
| CONGREGATION EMANU EL HOUSTON, TX | 2024 DONATION | $2,000,000 |
| GRAHAM WINDHAM BROOKLYN, NY | 2024 DONATION | $125,000 |
| JEWISH FAMILY SERVICE HOUSTON, TX | 2024 DONATION | $250,000 |
| TEXAS CHILDREN'S HOSPITAL HOUSTON, TX | 2024 DONATION | $1,500,000 |
| RIVERDALE COUNTRY SCHOOL INC BRONX, NY | 2024 DONATION | $100,000 |
| UT HEALTH SCIENCE CENTER HOUSTON, TX | 2024 DONATION | $500,000 |
| KID'S MEALS HOUSTON, TX | 2024 DONATION | $25,000 |
| THE METHODIST HOSPITAL HOUSTON, TX | 2024 DONATION | $6,500,000 |
| THE MUSEUM OF FINE ARTS HOUSTON HOUSTON, TX | 2024 DONATION | $700,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Evan H. Katz — President and Trustee (son of founder Jerold Burton Katz)
- The foundation is led by a team of trustees and officers who volunteer their time without compensation
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| EVAN H KATZ | PRESIDENT/TRUSTEE | 5 | — |
| DUNCAN LAMME | VICE PRESIDENT | 5 | — |
| NICOLAS GARCIA | SECRETARY/TREASURER | 5 | — |
| LISSY KATZ BANK | TRUSTEE | 1 | — |
| MICHAEL HELFER | TRUSTEE | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has been active in major philanthropic commitments to Houston's medical institutions. In 2017, the foundation's $21 million gift to Houston Methodist represented a significant commitment to advancing medical treatment development. The foundation has also created matching-gift programs to support capital campaigns, including support for Jewish community initiatives.
Jerold B. Katz Foundation - Houston MethodistFrequently Asked Questions
What does Jerold B Katz Foundation fund?
The foundation supports initiatives in the following areas: • **Medical Research** — Particular emphasis on translational research that accelerates medical discoveries from laboratory to patient care • **Education** — Including scholarships and educational institutions • **Health** — Medical institutions and health-related initiatives • **Jewish Organizations** — Support for Jewish community organizations • **Human Services** — Programs supporting human services initiatives The foundation also …
How do I apply for a grant from Jerold B Katz Foundation?
**Grant Characteristics:** • Grant range: $50,000 to $6,500,000 • Median grant size: $580,000 • Application method: Invitation only/relationship-based • The foundation operates through trustee-directed grantmaking rather than formal grant programs • Does not maintain a public website or email address for general inquiries **Recent Grant Activity:** In fiscal year 2024, the foundation made 11 grants totaling approximately $17,980,000. Notable recent grants include: • Kinkaid School: $5,000,000 (…
Where does Jerold B Katz Foundation make grants?
The foundation primarily funds projects in: • **Texas** — Particularly Houston • **New York** — Including Bronx and Brooklyn • **California**
What size grants does Jerold B Katz Foundation award?
In 2024, Jerold B Katz Foundation awarded 13 grants totaling $18.0M — an average of about $1.4M per grant, based on its IRS Form 990 filings.
How much is Jerold B Katz Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Jerold B Katz Foundation reported a distributable amount of $21.7M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Jerold B Katz Foundation's EIN?
Jerold B Katz Foundation's EIN (Employer Identification Number) is 74-2164970. IRS Form 990 filing data is available on this page for 2020–2024.
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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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