Lanette and Rick Hale Foundation

Private foundation · Grantmaker Houston, TX EIN: 20-1983266

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

3states

Share of 2025 grant dollars across all 6 itemized grants.

Cities

DallasHoustonDundeeWheaton

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K$80K1 grant2020 1 grant2021 1 grant2022 1 grant2023 4 grants2024 6 grants2025

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

Dallas Seminary Foundation: $35KDallas Seminary Foundation$35KArm Ministries: $13KArm Ministries$13KOpened Bible Academy: $10KOpened Bible Academy$10KSt Mark's Episcopal Church: $5KSt Mark's Episcopal Church$5KHouston Habitat for Humanity: $5KHouston Habitat for Humanity$5KTexas Southern University Baptist Student Ministry: $3KTexas Southern UniversityBaptist Student Ministry$3K

The largest 2025 recipient was Dallas Seminary Foundation ($35K). Together the top 6 received $71K.

Grant Size Distribution

13 grants across all recorded years

13<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 13 grants of 13 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Dallas Seminary Foundation Dallas, TXScholarships$35,000
Arm Ministries Dundee, ORTo Support General Operations$13,000
Opened Bible Academy Houston, TXTo support the mission to offer biblical and theological education tuition-free to anyone$10,000
St Mark's Episcopal Church Houston, TXTo Support General Operations$5,000
Houston Habitat for Humanity Houston, TXTo Support General Operations$5,000
Texas Southern University Baptist Student Ministry Houston, TXLoving Houston Fundraising Event$2,500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K2020 2021 2022 2023 2024 2025
Metric202520242023
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

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS July 6, 2026)
  2. 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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