Lanette and Rick Hale Foundation
Lanette and Rick Hale Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $536K in total assets. In 2024, it awarded 4 grants totaling $54K. Net investment income was $61K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$536K
+7.0% YoY
Annual Giving
$54K
+120.4% YoY
Grant Count
4
+300.0% YoY
Avg Grant Size
$14K
-44.9% YoY
Under IRS private-foundation payout rules, Lanette and Rick Hale Foundation reported a distributable amount of $25K for 2024 — the minimum it must pay out in qualifying distributions.
About Lanette and Rick Hale Foundation
Based on IRS filings
Lanette and Rick Hale Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $536K in total assets. In 2024, it awarded 4 grants totaling $54K. Net investment income was $61K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $536,246 | $500,993 | $494,449 |
| Revenue | $94,739 | $36,577 | $28,390 |
| Expenses | $59,486 | $30,033 | $33,504 |
| Qualifying Distributions | $54,562 | $24,500 | $26,100 |
| Net Investment Income | $60,885 | $7,482 | $2,747 |
| Distributable Amount | $24,836 | $23,692 | $24,550 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Dallas Seminary Foundation ($35,000), Opened Bible Academy ($10,000), St Mark's Episcopal Church ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DALLAS SEMINARY FOUNDATION DALLAS, TX | SCHOLARSHIPS | $35,000 |
| ST MARK'S EPISCOPAL CHURCH HOUSTON, TX | TO SUPPORT GENERAL OPERATIONS | $5,000 |
| OPENED BIBLE ACADEMY HOUSTON, TX | TO SUPPORT THE MISSION TO OFFER BIBLICAL AND THEOLOGICAL EDUCATION TUITION-FREE TO ANYONE | $10,000 |
| 222 FOUNDATION WHEATON, IL | TO SUPPORT GENERAL OPERATIONS | $4,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LANETTE HALE | TRUSTEE | 1 | — |
| RICHARD HALE | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Lanette and Rick Hale Foundation?
Lanette and Rick Hale Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. It holds $536K in total assets as of 2024.
How large is Lanette and Rick Hale Foundation?
As of 2024, Lanette and Rick Hale Foundation holds $536K in total assets with $95K in annual revenue. It awarded 4 grants totaling $54K in 2024.
Where does Lanette and Rick Hale Foundation operate?
Lanette and Rick Hale Foundation has awarded grants in Illinois, Texas.
What size grants does Lanette and Rick Hale Foundation award?
In 2024, Lanette and Rick Hale Foundation awarded 4 grants totaling $54K — an average of about $14K per grant, based on its IRS Form 990 filings.
How much is Lanette and Rick Hale Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lanette and Rick Hale Foundation reported a distributable amount of $25K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lanette and Rick Hale Foundation's EIN?
Lanette and Rick Hale Foundation's EIN (Employer Identification Number) is 20-1983266. IRS Form 990 filing data is available on this page for 2020–2024.
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Browse active grant opportunities in Lanette and Rick Hale Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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