Luke and Merle Soules Family Foundation
Luke and Merle Soules Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAN ANTONIO, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 4 grants totaling $810K. Net investment income was $329K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.4M
-26.5% YoY
Annual Giving
$810K
+635.2% YoY
Grant Count
4
-63.6% YoY
Avg Grant Size
$202K
+1921.9% YoY
Under IRS private-foundation payout rules, Luke and Merle Soules Family Foundation reported a distributable amount of $108K for 2024 — the minimum it must pay out in qualifying distributions.
About Luke and Merle Soules Family Foundation
Based on IRS filings
Luke and Merle Soules Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAN ANTONIO, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 4 grants totaling $810K. Net investment income was $329K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,351,735 | $1,840,016 | $1,832,471 |
| Revenue | $329,424 | $125,370 | $111,684 |
| Expenses | $814,622 | $113,703 | $100,339 |
| Qualifying Distributions | $812,679 | $112,991 | $96,228 |
| Net Investment Income | $329,424 | $125,370 | $111,684 |
| Distributable Amount | $108,057 | $113,452 | $114,963 |
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
60 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Texas Am Foundation ($800,000), Texas Am Foundation Chancellor ($5,000), Classical Music Institute ($3,500).
| Recipient | Purpose | Amount |
|---|---|---|
| TEXAS AM FOUNDATION COLLEGE STATION, TX | TO ESTABLISH A REFORMATIVE COURSE OF STUDY IN THE DEPT OF ECONOMICS AT TEXAS A&M UNIVERSITY. | $800,000 |
| TEXAS AM FOUNDATION CHANCELLOR COLLEGE STATION, TX | GENERAL PURPOSE | $5,000 |
| SAN ANTONIO AM CLUB SAN ANTONIO, TX | SCHOLARSHIP | $1,000 |
| CLASSICAL MUSIC INSTITUTE SAN ANTONIO, TX | GENERAL PURPOSE | $3,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LUTHER H SOULES III | PRES/CHAIR | — | — |
| ANDREA MARIE SOULES | VP,SEC/DIR | — | — |
| BRETT AUGUSTA SOULES | VP, TRES/DIR | — | — |
| LUTHER H SOULES IV | VP,ASTSEC/DIR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Luke and Merle Soules Family Foundation?
Luke and Merle Soules Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAN ANTONIO, TX. It holds $1.4M in total assets as of 2024.
How large is Luke and Merle Soules Family Foundation?
As of 2024, Luke and Merle Soules Family Foundation holds $1.4M in total assets with $329K in annual revenue. It awarded 4 grants totaling $810K in 2024.
Where does Luke and Merle Soules Family Foundation operate?
Luke and Merle Soules Family Foundation has awarded grants in Arizona, District of Columbia, Florida, Iowa, Michigan, Ohio, Tennessee, Texas.
What size grants does Luke and Merle Soules Family Foundation award?
In 2024, Luke and Merle Soules Family Foundation awarded 4 grants totaling $810K — an average of about $202K per grant, based on its IRS Form 990 filings.
How much is Luke and Merle Soules Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Luke and Merle Soules Family Foundation reported a distributable amount of $108K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Luke and Merle Soules Family Foundation's EIN?
Luke and Merle Soules Family Foundation's EIN (Employer Identification Number) is 31-1675276. IRS Form 990 filing data is available on this page for 2020–2024.
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Browse active grant opportunities in Luke and Merle Soules Family 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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