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.
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.
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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
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 | — | — | — |
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
No grants recorded for .
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
From 2024 IRS filing
From 2024 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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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