Leola W and Charles H Hugg Trust Xxxxx8007 logo

Leola W and Charles H Hugg Trust Xxxxx8007

CHICAGO, IL EIN: 74-1907673 Website

The Leola W. & Charles H. Hugg Trust is a private foundation based in Chicago, Illinois, established under the will of Leola Wheeless Hugg of Houston, Texas. The trust was created in memory of James N. and Lillian C. Wheeless, Leola's parents. Mrs. Hugg was a devoted and long-time school teacher who was raised and educated in Williamson County, Texas.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$8.3M

+0.3% YoY

Annual Giving

$417K

-3.7% YoY

Grant Count

151

-5.6% YoY

Avg Grant Size

$3K

+2.0% YoY

Under IRS private-foundation payout rules, Leola W and Charles H Hugg Trust Xxxxx8007 reported a distributable amount of $527K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The trust was established for the benefit of deserving Williamson County, Texas students. According to the terms of the trust, scholarship awards are made to deserving Williamson County students pursuant to the policies and procedures of the trustees.

The foundation's grant-making focuses on Education, Philanthropy, Voluntarism & Grantmaking, and Professional Societies & Associations, with primary funding activity in Texas, Oklahoma, and New York.

Grantmaking

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Geographic Focus

Where this funder awards grants

The trust primarily funds in Texas, Oklahoma, and New York. The scholarship program specifically targets Williamson County, Texas students.

Grant Distribution by State

27states
+19 more states

Cities

AbileneAlpineAmesAmherstAnn ArborAnnapolisArlingtonAthensAtlantaAustinBaltimoreBaton RougeBeaumontBeltonBostonBrenhamCambridgeCanyonChapel HillChicago

Financial History

Multi-year comparison from IRS filings

Metric Amount
Total Assets $8,331,915
Total Annual Giving $417,175

(Financial data sourced from most recent IRS Form 990 filing, updated March 24, 2026)

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$284K$567K$851K$1M20202021202220232024
Metric202420232022
Total Assets$8,331,915$8,310,565$8,185,055
Revenue$630,138$716,148$546,220
Expenses$571,959$596,751$642,860
Qualifying Distributions$489,810$499,442$526,581
Net Investment Income$553,129$591,685$527,116
Distributable Amount$527,480$478,136$508,116

Giving Over Time

Total grant dollars and number of grants per year

$0$115K$230K$345K$460K217 grants2020182 grants2021165 grants2022160 grants2023151 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

CINDY FOKA$4KHAILEY YOUNG$4KHAVALAH SIMON$4KLAJUANA HILTON$3KERIN GUERRERO$3KMADELINE BAKER$3KLAKEN COLLEY$3KMADELINE YEAGER$3KSHAE WHITNEY$3KJAMAL BOUTCHICH$3K

Grant Size Distribution

250 grants across all recorded years

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

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Cindy Foka ($3,950), Hailey Young ($3,950), Havalah Simon ($3,950).

RecipientPurposeAmount
KEILAH ARMSTRONG NACOGDOCHES, TXSCHOLARSHIP$1,900
LAJUANA HILTON COLLEGE STATION, TXSCHOLARSHIP$3,450
LAUREN ROBERTS COLLEGE STATION, TXSCHOLARSHIP$1,200
ERIN GUERRERO Fort Worth, TXSCHOLARSHIP$3,450
RILEY FUTRELL Seguin, TXSCHOLARSHIP$1,900
MADELINE BAKER San Antonio, TXSCHOLARSHIP$3,450
SLOANE DIAMOND Athens, GASCHOLARSHIP$1,725
LAKEN COLLEY FAYETTEVILLE, ARSCHOLARSHIP$3,450
MADELINE YEAGER NORMAN, OKSCHOLARSHIP$3,450
SHAE WHITNEY GEORGETOWN, TXSCHOLARSHIP$3,450

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

No officer/director data available.

Contact Information

Mailing Address: The Leola W. and Charles H. Hugg Trust c/o Southwestern University SU Box 745 1001 E University Ave Georgetown, TX 78626

Email: huggtrust@southwestern.edu

Frequently Asked Questions

What does Leola W and Charles H Hugg Trust Xxxxx8007 fund?

The trust was established for the benefit of deserving Williamson County, Texas students. According to the terms of the trust, scholarship awards are made to deserving Williamson County students pursuant to the policies and procedures of the trustees. The foundation's grant-making focuses on Education, Philanthropy, Voluntarism & Grantmaking, and Professional Societies & Associations, with primary funding activity in Texas, Oklahoma, and New York.

How do I apply for a grant from Leola W and Charles H Hugg Trust Xxxxx8007?

**Grant Amounts:** Typical awards range from $500 to $5,225. **Total Annual Giving:** $417,175 (based on most recent IRS 990 filing from 2024) **Scholarship Eligibility:** The Hugg Trust Scholarship is available to students who meet all three criteria: • Attended the last two years of high school at a Williamson County, Texas school • Resided in Williamson County, Texas during their last two years of high school • Are in the top 25% of their class

Where does Leola W and Charles H Hugg Trust Xxxxx8007 make grants?

The trust primarily funds in Texas, Oklahoma, and New York. The scholarship program specifically targets Williamson County, Texas students.

What size grants does Leola W and Charles H Hugg Trust Xxxxx8007 award?

In 2024, Leola W and Charles H Hugg Trust Xxxxx8007 awarded 151 grants totaling $417K — an average of about $3K per grant, based on its IRS Form 990 filings.

How much is Leola W and Charles H Hugg Trust Xxxxx8007 required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Leola W and Charles H Hugg Trust Xxxxx8007 reported a distributable amount of $527K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Leola W and Charles H Hugg Trust Xxxxx8007's EIN?

Leola W and Charles H Hugg Trust Xxxxx8007's EIN (Employer Identification Number) is 74-1907673. 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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