JT Foundation Inc

Private foundation · Grantmaker Austin, TX EIN: 20-4244203

JT Foundation Inc is a private foundation, based in Austin, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $44K in total assets. In 2024, it made $302 in qualifying distributions.

Key facts about JT Foundation Inc

EIN
20-4244203
Latest 990 filing
Form 990-PF, 2024
Total assets
$44,271

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

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$44K

+0.0% YoY

Revenue

$605

-16.6% YoY

Qualifying Distributions

$302

-16.6% YoY

Expenses

$605

-16.6% YoY

Under IRS private-foundation payout rules, JT Foundation Inc reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.

How JT Foundation Inc gives

  • In 2024 it paid out 14% 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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Cities

MemphisStaten IslandJacksonvilleTopeka

Giving Over Time

Total grant dollars and number of grants per year

$0$5K$10K$15K0 grants2020 3 grants2021 3 grants2022 0 grants2023 0 grants2024

From 2021 to 2022, annual grant giving ranged from $15K (2021) to $15K (2022). In 2022 it made 3 grants totaling $15K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

6 grants across all recorded years

6<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 6 grants of 6 (100%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
$0$5K$10K$15K$20K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$44,271$44,271$44,273
Revenue$605$725$736
Expenses$605$725$15,730
Qualifying Distributions$302$362$15,365
Distributable Amount$2,154$2,180$2,888

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

JT Foundation Inc is led by James Tracey II, CEO, CFO, President, Treasurer, Secretary & Director on every filing since 2020 — the only officer listed, and uncompensated.

Officers on the 2024 filing

  • James Tracey II

    CEO, CFO, President, Treasurer, Secretary & Director

    On filings since 2020

    1 hr/week

    No compensation reported

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.

Frequently asked questions about JT Foundation Inc

How large is JT Foundation Inc?

JT Foundation Inc reported $44K in total assets on its 2024 IRS Form 990-PF. It paid out $302 in qualifying distributions that year, against a required minimum of $2K (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.

Where does JT Foundation Inc operate?

JT Foundation Inc has awarded grants in Florida, Kansas, New York, Tennessee.

What is JT Foundation Inc's EIN?

JT Foundation Inc's EIN (Employer Identification Number) is 20-4244203. 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.

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