Margaret Sue Rust Foundation
The Margaret Sue Rust Foundation is a private non-operating foundation based in Rockport, Texas. Founded in 1997 by Margaret Sue Rust, a longtime admirer and resident of Rockport, the foundation operates as a grantmaking organization dedicated to supporting nonprofit organizations within its service area.
Key facts about Margaret Sue Rust Foundation
- EIN
- 74-2832533
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $447,500
- Grants made (2024)
- 16
- Average grant
- $27,969
- Median grant
- $25,000
- New grantees (estimate)
- 31% first-time grantees (5 of 16, 2024)
- Total assets
- $6,673,265
- Primary geography
- Texas (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Margaret Sue Rust Foundation funds
By grant dollars, the top recipient states for Margaret Sue Rust Foundation's 16 itemized 2024 grants were Texas (100%). The most frequent recipient cities were Rockport, TX (12 grants) and Corpus Christi, TX (2 grants). 6% of grants with a stated purpose were for general or operating support. Recurring purposes include "Operations" (6 grants).
Is Margaret Sue Rust Foundation open to new grantees?
31%
first-time grantees, 2024
In 2024, 5 of 16 grantees (31%) were first-time recipients. First grants averaged $36K; repeat grants $24K. How we count
Medians: $25K first-time, $25K repeat.
- 56% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−8%). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Margaret Sue Rust Foundation
- How to evaluate Margaret Sue Rust Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.7M
+0.0% YoY
Annual Giving
$448K
+2.5% YoY
Grant Count
16
+6.7% YoY
Avg Grant Size
$28K
-3.9% YoY
Mission & Focus Areas
The foundation's mission is to provide grants to nonprofit organizations located in Aransas County, helping worthy organizations flourish and achieve their goals. The foundation supports a diverse range of causes, including arts and culture, senior services, animal welfare, education, and maritime heritage preservation.
Grantmaking
The foundation actively awards grants to qualified nonprofits in Aransas County. Recent grant activity demonstrates support across multiple sectors:
How to Apply
with published guidelines and policies available to prospective applicants.
Ready to take the next step with Margaret Sue Rust Foundation?
Geographic Focus
Where this funder awards grants
The Margaret Sue Rust Foundation restricts its grantmaking to nonprofit organizations located in Aransas County, Texas.
Grant Distribution by State
Share of all 16 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
As of the most recent available data:
- Assets: $5,683,690
- Annual Income: $113,443
- Form 990 Revenue: $150,757
The foundation is classified as a private non-operating foundation with unconditional exempt status.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,673,265 | $6,673,094 | $6,714,298 |
| Revenue | $204,834 | $204,213 | $179,623 |
| Expenses | $523,006 | $507,484 | $504,633 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $447,670 | $401,148 | $328,951 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
90 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Rockport Fulton Education Foundation ($100,000), Couastal Bend Community Foundation ($50,000), Texas Maritime Museum ($40,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Rockport Fulton Education Foundation Rockport, TX | Fund GeneralScholarships | $100,000 |
| COUASTAL BEND COMMUNITY FOUNDATION Corpus Christi, TX | GRANT MATCHING | $50,000 |
| Texas Maritime Museum Rockport, TX | Fund Sea CampSea Camp | $40,000 |
| Rockport Center for the Arts Rockport, TX | Fund GeneralVarious Programs | $40,000 |
| South TX Council Boy Scouts of America Corpus Christi, TX | Fund GeneralCapital Campain | $25,000 |
| ROCKPORT CULTURAL ARTS DISTRICT Rockport, TX | ART PROJECT | $25,000 |
| CHILDRENS COALITION ARANSAS COUNTY Rockport, TX | OPERATIONS | $25,000 |
| ROCKPORT LITTLE THEATER Rockport, TX | CAPITAL CAMPAIGN | $25,000 |
| ROCKPORT FULTON GOOD SAMARITANS Rockport, TX | OPERATIONS | $25,000 |
| COASTAL BEND DISASTER RECOVERY GROUP Sinton, TX | Fund General | $20,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Margaret Sue Rust founded the foundation in 1997. Though she passed away in 2005, the foundation continues to operate and distribute grants according to her original vision.
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Mindy Durham | Secretary | 1 | — |
| Nicholas Johnson | Treasurer | 1 | — |
| John P Jackson | Director | 1 | — |
| Susie Black | President | 1 | — |
| Al Johnson | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Margaret Sue Rust Foundation fund?
The foundation's mission is to provide grants to nonprofit organizations located in Aransas County, helping worthy organizations flourish and achieve their goals. The foundation supports a diverse range of causes, including arts and culture, senior services, animal welfare, education, and maritime heritage preservation.
How do I apply for a grant from Margaret Sue Rust Foundation?
The foundation actively awards grants to qualified nonprofits in Aransas County. Recent grant activity demonstrates support across multiple sectors: • **Texas Maritime Museum Association**: $15,000 for Sea Camp programming (2023) • **Rockport Cultural Arts District**: $25,000 for Art Project (2023) • **The Aransas County Council on Aging**: $40,000 for General Capital Improvements (2023) • **Another Chance RFT**: $6,000 for Operations (2023) The foundation maintains a formal grant application p…
Where does Margaret Sue Rust Foundation make grants?
The Margaret Sue Rust Foundation restricts its grantmaking to nonprofit organizations located in Aransas County, Texas.
What size grants does Margaret Sue Rust Foundation award?
In 2024, Margaret Sue Rust Foundation awarded 16 grants totaling $448K — an average of about $28K per grant, based on its IRS Form 990 filings.
What is Margaret Sue Rust Foundation's EIN?
Margaret Sue Rust Foundation's EIN (Employer Identification Number) is 74-2832533. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.