Lanette and Rick Hale Foundation
Lanette and Rick Hale Foundation is a private foundation, based in Houston, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $781K in total assets. In 2025, it awarded 6 grants totaling $71K. Net investment income was $197K.
Key facts about Lanette and Rick Hale Foundation
In short: Lanette and Rick Hale Foundation gave $71K across 6 grants in 2025 (avg $12K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- EIN
- 20-1983266
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $70,500
- Grants made (2025)
- 6
- Average grant
- $11,750
- Median grant
- $7,500
- Total assets
- $781,408
- Primary geography
- Texas (82% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$781K
+45.7% YoY
Annual Giving
$71K
+30.6% YoY
Grant Count
6
+50.0% YoY
Avg Grant Size
$12K
-13.0% YoY
Under IRS private-foundation payout rules, Lanette and Rick Hale Foundation reported a distributable amount of $26K for 2025 — the minimum it must pay out in qualifying distributions.
How Lanette and Rick Hale Foundation gives
- Giving grew 170% from 2022 to 2025. Method
- In 2025 it paid out 269% of its IRS minimum distribution (the 5% rule). 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
Share of 2025 grant dollars across all 6 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $20K (2020) to $71K (2025). In 2025 it made 6 grants totaling $71K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Dallas Seminary Foundation ($35K). Together the top 6 received $71K.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 13 grants of 13 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Dallas Seminary Foundation Dallas, TX | Scholarships | $35,000 |
| Arm Ministries Dundee, OR | To Support General Operations | $13,000 |
| Opened Bible Academy Houston, TX | To support the mission to offer biblical and theological education tuition-free to anyone | $10,000 |
| St Mark's Episcopal Church Houston, TX | To Support General Operations | $5,000 |
| Houston Habitat for Humanity Houston, TX | To Support General Operations | $5,000 |
| Texas Southern University Baptist Student Ministry Houston, TX | Loving Houston Fundraising Event | $2,500 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $781,408 | $536,246 | $500,993 |
| Revenue | $501,760 | $94,739 | $36,577 |
| Expenses | $77,303 | $59,486 | $30,033 |
| Qualifying Distributions | $71,131 | $54,562 | $24,500 |
| Net Investment Income | $197,332 | $60,885 | $7,482 |
| Distributable Amount | $26,433 | $24,836 | $23,692 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 6, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Lanette and Rick Hale Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Lanette Hale
Trustee
On filings since 2020
1 hr/week
No compensation reported
Richard Hale
Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Lanette and Rick Hale Foundation
How much does Lanette and Rick Hale Foundation give each year?
Lanette and Rick Hale Foundation gave $71K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $54K across 4 grants.
What is Lanette and Rick Hale Foundation's typical grant size?
Lanette and Rick Hale Foundation's median grant in 2025 was $7,500, and its average grant was $11,750, across 6 grants on its 2025 IRS Form 990-PF.
Where does Lanette and Rick Hale Foundation give grants?
Lanette and Rick Hale Foundation gives mostly in Texas: 82% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Oregon (18%). The most frequent recipient cities were Houston, TX (4 grants).
Does Lanette and Rick Hale Foundation give general operating support?
Yes: 50% of Lanette and Rick Hale Foundation's 2025 grants with a stated purpose (3 of 6) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Lanette and Rick Hale Foundation's largest grantees?
Lanette and Rick Hale Foundation's largest 2025 grantees include Dallas Seminary Foundation ($35,000), Arm Ministries ($13,000) and Opened Bible Academy ($10,000), according to its 2025 IRS Form 990-PF. Together they received 82% of its itemized 2025 grant dollars.
How large is Lanette and Rick Hale Foundation?
Lanette and Rick Hale Foundation reported $781K in total assets on its 2025 IRS Form 990-PF. It paid out $71K in qualifying distributions that year, against a required minimum of $26K (roughly 5% of its investment assets).
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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