Letulle Foundation
Letulle Foundation is a private foundation, based in Galveston, TX. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $3.0M in total assets. In 2025, it awarded 6 grants totaling $139K. Net investment income was $232K.
Letulle Foundation at a glance
In short: Letulle Foundation gave $139K across 6 grants in 2025 (avg $23K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $139,355
- +5.0% vs 2024
- Grants made (2025)
- 6
- +50.0% vs 2024
- Average grant
- $23,226
- -30.0% vs 2024
- Median grant
- $24,678
- Total assets
- $2,992,601
- +1.9% vs 2024
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Letulle Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Bay City ISD Education Foundation ($45K across 2 grants). Together the top 5 received $139K.
Grant Size Distribution
19 grants across all recorded years
The most common grant size was under $50K: 13 grants of 19 (68%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
States
Cities
How Letulle Foundation gives
- Giving held roughly steady from 2022 to 2025 (+4%). Method
- In 2025 it paid out 94% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $133K (2024) to $151K (2021). In 2025 it made 6 grants totaling $139K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bay City Library Association Bay City, TX | 2025 RMD Grant | $25,000 |
| Matagorda County Womens Crisis Center Bay City, TX | Sexual Assault Program | $25,000 |
| Bay City ISD Education Foundation Bay City, TX | Free Clothing Closet | $25,000 |
| Matagorda County Museum Association Bay City, TX | 2025 RMD Grant | $24,355 |
| Serve Outdoors Matagorda Bay Inc Markham, TX | For Shade Canopy & Concrete Work | $20,000 |
| Bay City ISD Education Foundation Bay City, TX | Classroom Supply Kits | $20,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,992,601 | $243,522 | $187,983 | $139,355 | 6 | $164,980 | $231,840 | $176,242 |
| 2024 | $2,937,030 | $235,515 | $172,964 | $132,758 | 4 | $155,280 | $226,502 | $161,877 |
| 2023 | $2,873,013 | $46,352 | $191,131 | $147,226 | 5 | $169,565 | $72,447 | $155,097 |
| 2022 | $3,017,792 | $363,635 | $177,423 | $133,441 | 2 | $157,607 | $353,801 | $171,392 |
| 2021 | $2,831,580 | $93,036 | $193,314 | $151,182 | 2 | — | $87,647 | $164,909 |
Under IRS private-foundation payout rules, Letulle Foundation reported a distributable amount of $176K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Letulle Foundation's only listed officer is Frost Bank, Trustee on every filing since 2021 (compensated).
Officers on the 2025 filing
Frost Bank
Trustee
On filings since 2021
1 hr/week
$38K (2021) → $41K (2025)
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $41K, to Frost Bank (Trustee).
Frequently asked questions about Letulle Foundation
How much does Letulle Foundation give each year?
Letulle Foundation gave $139K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $133K across 4 grants.
What is Letulle Foundation's typical grant size?
Letulle Foundation's median grant in 2025 was $24,678, and its average grant was $23,226, across 6 grants on its 2025 IRS Form 990-PF.
Where does Letulle Foundation give grants?
Letulle Foundation gives mostly in Texas: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Bay City, TX (5 grants).
Does Letulle Foundation give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on Letulle Foundation's 2025 IRS Form 990-PF were described as general or operating support.
Who are Letulle Foundation's largest grantees?
Letulle Foundation's largest 2025 grantees include Bay City ISD Education Foundation ($45,000 across 2 grants), Bay City Library Association ($25,000) and Matagorda County Womens Crisis Center ($25,000), according to its 2025 IRS Form 990-PF. Together they received 68% of its itemized 2025 grant dollars.
How large is Letulle Foundation?
Letulle Foundation reported $3.0M in total assets on its 2025 IRS Form 990-PF. It paid out $165K in qualifying distributions that year, against a required minimum of $176K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 8, 2026)
- IRS filings on file for fiscal years 2021–2024
Explore Open Grants
Browse active grant opportunities in Letulle Foundation's focus areas in our free grants database
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