Lamar Bruni Vergara Trust
The Lamar Bruni Vergara Trust is an independent foundation established in 1989 in Texas to honor the legacy of Lamar Bruni Vergara, a local philanthropist. Based in Laredo, Texas, the Trust supports designated Catholic Church, educational and health institutions, along with numerous local social services entities through its grant programs.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$67.5M
-1.1% YoY
Annual Giving
$3.6M
+0.6% YoY
Grant Count
27
-12.9% YoY
Avg Grant Size
$135K
+15.5% YoY
Under IRS private-foundation payout rules, Lamar Bruni Vergara Trust reported a distributable amount of $3.9M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The Trust gives primarily for education, with additional funding directed toward children, youth, and social services. The foundation supports Catholic Church institutions, educational organizations, health institutions, and local social services entities.
Grantmaking
Grant Range
$117,000
Average Grant
$117,000
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Geographic Focus
Where this funder awards grants
The Trust focuses on the Laredo, Texas area and local institutions within the region.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
- Assets: $68.2 million
- Annual Revenue: $3 million
- Total Giving: $3.6 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $67,458,566 | $68,184,091 | $69,781,342 |
| Revenue | $3,892,349 | $2,952,072 | $2,785,167 |
| Expenses | $4,618,360 | $4,549,250 | $4,724,080 |
| Qualifying Distributions | $3,648,250 | $3,628,040 | $3,768,175 |
| Net Investment Income | $2,922,239 | $2,030,862 | $1,829,262 |
| Distributable Amount | $3,939,177 | $3,433,126 | $3,602,084 |
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
144 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Texas A&m International University ($1,250,000), Laredo College ($500,000), Mary Help of Christians School ($300,000).
| Recipient | Purpose | Amount |
|---|---|---|
| LAREDO COLLEGE LAREDO, TX | EDUCATIONAL | $500,000 |
| BOYS & GIRLS CLUB OF LAREDO LAREDO, TX | CHARITABLE | $100,000 |
| NEW HARVEST CHRISTIAN ACADEMY Laredo, TX | EDUCATIONAL | $10,000 |
| LITERACY VOLUNTEERS OF LAREDO LAREDO, TX | EDUCATIONAL | $20,000 |
| THE KIDNEY FOUNDATION LAREDO, TX | CHARITABLE | $15,000 |
| DIOCESE OF LAREDO LAREDO, TX | RELIGOUS | $290,000 |
| THE BURKE FOUNDATION LAREDO, TX | CHARITABLE | $15,000 |
| RUTHE B COWL REHABILITATION CTR LAREDO, TX | CHARITABLE | $150,000 |
| SACRED HEART CHILDRENS HOME LAREDO, TX | CHARITABLE | $40,000 |
| UNITED DAY SCHOOL LAREDO, TX | EDUCATIONAL | $130,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JC MARTIN III ESTATE | TRUSTEE | 25 | $262,897 |
| CHARLES D MAYNARD | TRUSTEE | 25 | $27,421 |
| ALBERT MARTIN II | TRUSTEE | 25 | $27,421 |
Contact Information
Address: 106 Del Ct, Laredo, TX 78041-2276
Phone: 956-712-9190
EIN: 74-6374699
Website: lbvtrust.org
Frequently Asked Questions
What does Lamar Bruni Vergara Trust fund?
The Trust gives primarily for education, with additional funding directed toward children, youth, and social services. The foundation supports Catholic Church institutions, educational organizations, health institutions, and local social services entities.
How do I apply for a grant from Lamar Bruni Vergara Trust?
**Grant Activity:** • Number of grants: 31 • Total giving: $3.6 million • Average grant size: $117,000 • Median grant size: $52,500 **Recent Notable Grants:** • $1 million gift to St. Mary's University for law scholarships • $1 million gift to Texas A&M International University (TAMIU)
Where does Lamar Bruni Vergara Trust make grants?
The Trust focuses on the Laredo, Texas area and local institutions within the region.
What size grants does Lamar Bruni Vergara Trust award?
In 2024, Lamar Bruni Vergara Trust awarded 27 grants totaling $3.6M — an average of about $135K per grant, based on its IRS Form 990 filings.
How much is Lamar Bruni Vergara Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lamar Bruni Vergara Trust reported a distributable amount of $3.9M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lamar Bruni Vergara Trust's EIN?
Lamar Bruni Vergara Trust's EIN (Employer Identification Number) is 74-6374699. 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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