Luke and Merle Soules Family Foundation
Luke and Merle Soules Family Foundation is a private foundation, 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.
Luke and Merle Soules Family Foundation at a glance
In short: Luke and Merle Soules Family Foundation gave $810K across 4 grants in 2024 (avg $202K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $809,500
- +635.2% vs 2023
- Grants made (2024)
- 4
- -63.6% vs 2023
- Average grant
- $202,375
- +1921.9% vs 2023
- Median grant
- $4,250
- Total assets
- $1,351,735
- -26.5% vs 2023
- Primary geography
- Texas (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Luke and Merle Soules Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Texas Am Foundation ($800K). Together the top 4 received $810K.
Grant Size Distribution
60 grants across all recorded years
The most common grant size was under $50K: 57 grants of 60 (95%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How Luke and Merle Soules Family Foundation gives
- Giving grew 820% from 2021 to 2024. Method
- In 2024 it paid out 752% of its IRS minimum distribution (the 5% rule). 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 2020 to 2024, annual grant giving ranged from $75K (2020) to $810K (2024). In 2024 it made 4 grants totaling $810K.
Grants by year
Grant recipients and amounts by year
| 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 |
| Classical Music Institute San Antonio, TX | General Purpose | $3,500 |
| San Antonio Am Club San Antonio, TX | Scholarship | $1,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,351,735 | $329,424 | $814,622 | $809,500 | 4 | $812,679 | $329,424 | $108,057 |
| 2023 | $1,840,016 | $125,370 | $113,703 | $110,101 | 11 | $112,991 | $125,370 | $113,452 |
| 2022 | $1,832,471 | $111,684 | $100,339 | $93,600 | 9 | $96,228 | $111,684 | $114,963 |
| 2021 | $1,821,126 | $552,006 | $92,254 | $88,000 | 19 | $89,873 | $172,006 | $106,752 |
| 2020 | $1,361,374 | $16,699 | $76,918 | $74,698 | 17 | — | $48,450 | $76,222 |
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.
Leadership & Key People
Officers and directors from IRS filings
Luke and Merle Soules Family Foundation is led by Luther H. Soules III, President & Chair on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Luther H. Soules III
President & Chair
On filings since 2020
No compensation reported
Andrea Marie Soules
Vice President, Secretary & Director
On filings since 2020
No compensation reported
Brett Augusta Soules
Vice President, Treasurer & Director
On filings since 2020
No compensation reported
Luther H. Soules IV
Vice President, Astsec & Director
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Luke and Merle Soules Family Foundation
How much does Luke and Merle Soules Family Foundation give each year?
Luke and Merle Soules Family Foundation gave $810K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $110K across 11 grants.
What is Luke and Merle Soules Family Foundation's typical grant size?
Luke and Merle Soules Family Foundation's median grant in 2024 was $4,250, and its average grant was $202,375, across 4 grants on its 2024 IRS Form 990-PF.
Where does Luke and Merle Soules Family Foundation give grants?
Luke and Merle Soules Family Foundation gives mostly in Texas: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were College Station, TX (2 grants) and San Antonio, TX (2 grants).
Does Luke and Merle Soules Family Foundation give general operating support?
Yes: 50% of Luke and Merle Soules Family Foundation's 2024 grants with a stated purpose (2 of 4) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Luke and Merle Soules Family Foundation?
Luke and Merle Soules Family Foundation reported $1.4M in total assets on its 2024 IRS Form 990-PF. It paid out $813K in qualifying distributions that year, against a required minimum of $108K (roughly 5% of its investment assets).
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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