Letulle Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GALVESTON, TX. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.9M in total assets. In 2024, it awarded 4 grants totaling $133K. Net investment income was $227K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.9M
+2.2% YoY
Annual Giving
$133K
-9.8% YoY
Grant Count
4
-20.0% YoY
Avg Grant Size
$33K
+12.7% YoY
Under IRS private-foundation payout rules, Letulle Foundation reported a distributable amount of $162K for 2024 — the minimum it must pay out in qualifying distributions.
About Letulle Foundation
Based on IRS filings
Letulle Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GALVESTON, TX. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.9M in total assets. In 2024, it awarded 4 grants totaling $133K. Net investment income was $227K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,937,030 | $2,873,013 | $3,017,792 |
| Revenue | $235,515 | $46,352 | $363,635 |
| Expenses | $172,964 | $191,131 | $177,423 |
| Qualifying Distributions | $155,280 | $169,565 | $157,607 |
| Net Investment Income | $226,502 | $72,447 | $353,801 |
| Distributable Amount | $161,877 | $155,097 | $171,392 |
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
13 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Matagorda Volunteer Fire Department ($80,488), Matagorda County Womens Crisis Center ($25,000), Bay City Library Association ($15,270).
| Recipient | Purpose | Amount |
|---|---|---|
| BAY CITY LIBRARY ASSOCIATION BAY CITY, TX | FOR OPERATIONS | $15,270 |
| MATAGORDA COUNTY MUSEUM ASSOCIATION BAY CITY, TX | FOR OPERATIONS | $12,000 |
| MATAGORDA COUNTY WOMENS CRISIS CENTER BAY CITY, TX | FOR OPERATIONS | $25,000 |
| MATAGORDA VOLUNTEER FIRE DEPARTMENT MATAGORDA, TX | FOR OPERATIONS | $80,488 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FROST BANK | TRUSTEE | 1 | $38,168 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Letulle Foundation?
Letulle Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GALVESTON, TX. It holds $2.9M in total assets as of 2024.
How large is Letulle Foundation?
As of 2024, Letulle Foundation holds $2.9M in total assets with $236K in annual revenue. It awarded 4 grants totaling $133K in 2024.
Where does Letulle Foundation operate?
Letulle Foundation has awarded grants in Texas.
What size grants does Letulle Foundation award?
In 2024, Letulle Foundation awarded 4 grants totaling $133K — an average of about $33K per grant, based on its IRS Form 990 filings.
How much is Letulle Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Letulle Foundation reported a distributable amount of $162K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Letulle Foundation's EIN?
Letulle Foundation's EIN (Employer Identification Number) is 76-0358706. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Letulle 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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