Lanette and Rick Hale Foundation

HOUSTON, TX EIN: 20-1983266

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

+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

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $141K (97%)

Illinois $4K (3%)

States

Illinois Texas

Cities

DallasHoustonWheaton

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Philanthropy, Voluntarism & Grantmaking

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.