Mustang Foundation

Foundation · Grantmaker Cleburne, TX EIN: 75-2815383

MUSTANG FOUNDATION is a private foundation based in Cleburne, Texas. It made 32 grants totaling $145,750 in 2025, supporting organizations including scholarship programs, community services, and organizations serving children, older adults, and economically disadvantaged people.

Key facts about Mustang Foundation

In short: Mustang Foundation gave $146K across 32 grants in 2025 (avg $5K), mostly in Texas. 30% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.

EIN
75-2815383
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$145,750
Grants made (2025)
32
Average grant
$4,555
Median grant
$2,500
New grantees (estimate)
30% first-time grantees (7 of 23, 2025)
Total assets
$2,565,502
Primary geography
Texas (95% of itemized 2025 grant dollars)
How to apply
The filing states that an application form can be obtained by contacting the foundation. Full details ↓
Deadline
None; applications are accepted at any time.

Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$2.6M

+1.2% YoY

Annual Giving

$146K

+13.9% YoY

Grant Count

32

+0.0% YoY

Avg Grant Size

$5K

+13.9% YoY

Under IRS private-foundation payout rules, Mustang Foundation reported a distributable amount of $159K for 2025 — the minimum it must pay out in qualifying distributions.

Is Mustang Foundation open to new grantees?

30%

first-time grantees, 2025

In 2025, 7 of 23 grantees (30%) were first-time recipients. First grants averaged $4K; repeat grants $7K. How we count

Medians: $3K first-time, $6K repeat.

  • 65% of 2025 grantees were also funded in 2024. Method
  • Giving grew 80% from 2022 to 2025. Method
  • In 2025 it paid out 92% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

No mission statement for the foundation is provided. Its 2025 grants show support for scholarships and education, services to children affected by abuse and neglect, meals for older adults, a children’s community center, and free medical services. These examples reflect the grantees’ stated work: Meals on Wheels North Central Texas says it serves senior citizens and people with disabilities through home-delivered and congregate meals; East Cleburne Community Center says it provides educational programs and activities for underprivileged children in east Cleburne; and HOPE INC says it serves economically disadvantaged people.

Grantmaking

In 2025, the foundation awarded 32 grants totaling $145,750. Grants ranged from $250 to $16,500, with a median grant of $2,500.

Review Cycle

** None; applications are accepted at any time.

Your AI grants department

Ready to take the next step with Mustang Foundation?

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Geographic Focus

Where this funder awards grants

The foundation’s 2025 filing reports that 95% of grant dollars went to recipients in Texas, with 2% each reported for Oklahoma, Arkansas, and Kansas. The filing states that substantially all of its grantmaking is contemplated to be in Texas.

Grant Distribution by State

6states

Share of all 32 itemized 2025 grant dollars.

Cities

CleburneKeeneStephenvilleRio VistaBurlesonLubbockAbileneArlingtonAustinFort WorthNacogdochesWacoBrenhamCollege StationDallasFayettevilleHuntsvilleStillwaterAutinCanyon

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K$400K33 grants202029 grants202130 grants202224 grants202332 grants202432 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

Burleson Higher Education Fund: $17KBurleson Higher Education Fund$17KHill College: $15K across 6 grantsHill College$15K · 6 grantsChildren's Advocacy Center of Johnson Cnty: $13KChildren's Advocacy Center ofJohnson Cnty$13KMeals on Wheels North Central Texas Inc: $13KMeals on Wheels North CentralTexas Inc$13KEast Cleburne Community Center: $10KEast Cleburne Community Center$10KHope Inc: $10KHope Inc$10KJohnson County Apples Coalition: $10KJohnson County ApplesCoalition$10KJumpstart: $10KJumpstart$10KCleburne Rotary Club Foundation: $6KCleburne Rotary ClubFoundation$6KBlinn College: $5K across 2 grantsBlinn College$5K · 2 grants

Grant Size Distribution

147 grants across all recorded years

146<$50K$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
BURLESON HIGHER EDUCATION FUND Burleson, TX2025 DONATION FOR SCHOLARSHIPS FOR BURLESON STUDENTS$16,500
CHILDREN'S ADVOCACY CENTER OF JOHNSON CNTY Cleburne, TXSERVICES TO CHILD VICTIMS OF ABUSE AND NEGLECT$12,500
MEALS ON WHEELS NORTH CENTRAL TEXAS INC Cleburne, TXMEALS FOR AGED$12,500
EAST CLEBURNE COMMUNITY CENTER Cleburne, TXCHILDREN'S COMMUNITY CENTER OPERATING FUNDS$10,000
HOPE INC Keene, TXHEALING OUTREACH PROFESSIONAL ENDEAVOR-FREE MEDICAL$10,000
JOHNSON COUNTY APPLES COALITION Cleburne, TXSCHOOL SUPPLIES FOR STUDENTS$10,000
JUMPSTART Cleburne, TXDONATION 2025 DUAL CREDIT$10,000
CLEBURNE ROTARY CLUB FOUNDATION Cleburne, TXSCHOLARSHIPS 2025$6,000
SOUTHWESTERN ADVENTIST UNIVERSITY Keene, TXELLA CONLEY FALL 2025$3,000
ANGELO STATE UNIVERSITY San Angelo, TXGAVIN HUFFMAN SCHOLARSHIP FALL 2025$2,500

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants
2025 $2,565,502 $222,709 $192,387 $145,750 (32 grants)
2024 $2,535,180 $184,291 $178,974 $128,000 (32 grants)
2023 $2,529,767 $98,167 $403,038 $364,459 (24 grants)
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M202020212022202320242025
Metric202520242023
Total Assets$2,565,502$2,535,180$2,529,767
Revenue$222,709$184,291$98,167
Expenses$192,387$178,974$403,038
Qualifying Distributions$145,750$128,000$364,459
Net Investment Income$222,709$184,291$74,867
Distributable Amount$158,858$150,857$132,157

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS June 23, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS June 7, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS July 8, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 8, 2025)
  6. Updated Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
  7. Updated Form 990-PF for fiscal year 2020 (received by the IRS June 23, 2021)
  8. Updated Form 990-PF for fiscal year 2021 (received by the IRS June 7, 2022)
  9. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
  10. Updated Form 990-PF for fiscal year 2023 (received by the IRS July 8, 2024)
  11. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 8, 2025)
  12. Added Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)

Leadership & Key People

Leadership team and compensation from IRS filings

The 2025 filing lists Sue Ann Smith, Wade Wallace, Mike Lehrmann, Marilyn S. King, and Pamela L. Smith as trustees. Mike Lehrmann is also listed as president. Pam Watson and Rose Nunn are listed as co-secretaries/treasurers.

Mustang Foundation is led by Mike Lehrmann, Trustee & President since 2021 (on filings since 2020); none of the 7 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Mike Lehrmann

    Trustee & President

    Trustee → Trustee & President, 2021

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Marilyn S. King

    Trustee

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Pamela L. Smith

    Trustee

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Sue Ann Smith

    Trustee

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Wade Wallace

    Trustee

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Pam Watson

    Co-Secretary & Treasurer

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Rose Nunn

    Co-Secretary & Treasurer

    On filings since 2020

    0.5 hrs/week

    No compensation reported

Former officers (2)
  • Former: Lowell Smith Jr. (2020) — Trustee & President
  • Former: Sue Denton (2020) — Trustee

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Contact

Application contact: Rose Nunn P O Box 78 Cleburne Tx 76
Mailing address: 1500 W Henderson, Cleburne, TX 76033
Phone: (817) 556-3255
Email: rosen@1887ranch.com

Frequently asked questions about Mustang Foundation

How much does Mustang Foundation give each year?

Mustang Foundation gave $146K across 32 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $128K across 32 grants.

What is Mustang Foundation's typical grant size?

Mustang Foundation's median grant in 2025 was $2,500, and its average grant was $4,555, across 32 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Mustang Foundation that year got $4K on average.

Where does Mustang Foundation give grants?

Mustang Foundation gives mostly in Texas: 95% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Cleburne, TX (13 grants), Keene, TX (2 grants), Brenham, TX (2 grants) and Lubbock, TX (2 grants).

Does Mustang Foundation give general operating support?

Occasionally: 3% of Mustang Foundation's 2025 grants with a stated purpose (1 of 32) were for general or operating support, per its 2025 IRS Form 990-PF.

Who are Mustang Foundation's largest grantees?

Mustang Foundation's largest 2025 grantees include Burleson Higher Education Fund ($16,500), Hill College ($15,000 across 6 grants) and Children's Advocacy Center of Johnson Cnty ($12,500), according to its 2025 IRS Form 990-PF. Together they received 30% of its itemized 2025 grant dollars.

How large is Mustang Foundation?

Mustang Foundation reported $2.6M in total assets on its 2025 IRS Form 990-PF. It paid out $146K in qualifying distributions that year, against a required minimum of $159K (roughly 5% of its investment assets).

What does Mustang Foundation fund?

No mission statement for the foundation is provided. Its 2025 grants show support for scholarships and education, services to children affected by abuse and neglect, meals for older adults, a children’s community center, and free medical services. These examples reflect the grantees’ stated work: Meals on Wheels North Central Texas says it serves senior citizens and people with disabilities through home-delivered and congregate meals; East Cleburne Community Center says it provides educational …

How do I apply for a grant from Mustang Foundation?

The filing states that an application form can be obtained by contacting the foundation. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is Mustang Foundation's EIN?

Mustang Foundation's EIN (Employer Identification Number) is 75-2815383. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

Your AI grants department

Here's the math on researching Mustang Foundation by hand.

Explore Open Grants

Browse active grant opportunities in Mustang Foundation's focus areas in our free grants database

Similar Funders

Funders that support many of the same organizations

Glaser Family Charitable Foundation

Bonham, TX

The foundation funds scholarships and educational and cultural opportunities, children’s health, community benefit, and Christian ministries, primarily in Texas, with most scholarship awards reserved for students from Fannin County. Its 2024 grants ranged from $36 to $10,000, with a median of $900. It does not limit grants to preselected organizations; the profile does not state whether it accepts unsolicited requests.

Assets

$871K

Grants

52

Total Given

$111K

The Robert a Welch Foundation

Houston, TX

The Robert A. Welch Foundation funds basic chemistry research and closely related fields at educational institutions in Texas. Its research grants provide $117,000 per year, while grants overall vary widely; the 2025 median was $105,000. Research Grant applications are submitted through ProposalCentral; departmental and Catalyst for Discovery proposals are by invitation.

Philanthropy, Voluntarism & Grantmaking

Assets

$622.7M

Grants

69

Total Given

$38.3M

Texas Instruments Foundation

Dallas, TX

The Texas Instruments Foundation funds charitable and educational organizations, with interests including education, human services, racial equity, and the arts; its geographic focus is Texas, though it also gives elsewhere. In 2024 it made 4,484 grants, with a median award of $500 and amounts ranging from $13 to $1,128,000. It accepts unsolicited requests online and has no submission deadlines.

Philanthropy, Voluntarism & Grantmaking

Assets

$73.0M

Grants

4,484

Total Given

$22.6M

Folds of Honor Foundation

Owasso, OK

Folds of Honor funds education scholarships for spouses and children of U.S. military service members and first responders killed or disabled in service, with awards available for K–12 and higher education in the United States and its territories. Awards are up to $5,000 per academic year, based on unmet need, and are paid directly to the school. It accepts scholarship applications through an online portal during its annual application window; it does not make grants to outside applicants.

Education

Assets

$122.3M

Grants

1,551

Total Given

$37.6M

Tulsa Community Foundation

Tulsa, OK

Tulsa Community Foundation supports a broad range of charitable needs, including arts and humanities, healthcare, education, scholarships, emergency assistance, and endowments. Its 2024 grants had a median of $18,560 and primarily benefited the Tulsa area and eastern Oklahoma, with grants also reaching elsewhere in the U.S.; it administers application cycles for selected funds.

Assets

$1.1B

Grants

1,066

Total Given

$158.6M

CJ Wrightsman Educational Fund Inc

Fort Worth, TX

The fund generally supports educational institutions, with scholarships prominent among its grants. Recent awards ranged from $1,500 to $30,000, with a median of $6,000; most 2025 grant dollars went to Texas, with additional funding in Arkansas, Oklahoma, Louisiana, and Kansas. It accepts unsolicited requests by letter describing the need; no special form is required.

Assets

$1.1M

Grants

21

Total Given

$188K

The Dallas Foundation

Dallas, TX

The Dallas Foundation funds nonprofits and other charitable organizations working on early childhood, maternal and child health, economic mobility, homelessness, youth mental health, and community needs, primarily in Dallas County. Its 2024 itemized grants had a median of $25,000; listed 2026 cycles seek requests of $5,000–$50,000 or $15,000–$50,000, depending on the program. It accepts applications through grant cycles when open; none are currently open, and organizations outside Dallas County may be eligible if most people they serve live there.

Philanthropy, Voluntarism & Grantmaking

Assets

$491.5M

Grants

788

Total Given

$87.3M

The Fasken Foundation

Midland, TX

The Fasken Foundation funds nonprofit programs in education, health, human services, and public benefit, with an emphasis on disadvantaged youth and a preference for operational support over capital improvements. Its grant amounts vary widely: it reported 168–181 grants annually in 2022–2023, but only one grant of $1,719,254 in 2024, so a typical award level isn’t clear. About 80% of its funding goes to Midland and the surrounding area, with the remainder supporting communities where board members live; it accepts unsolicited online letters of inquiry and applications quarterly, but no longer accepts new applications from New Mexico organizations.

Assets

$44.7M

Grants

1

Total Given

$1.7M

Hazlewood Barkley Foundation

Cleburne, TX

Philanthropy, Voluntarism & Grantmaking

Assets

$257K

Grants

11

Total Given

$27K

The Buddy Bostick Foundation

Waco, TX

The Buddy Bostick Foundation primarily funds scholarships, with grants to universities, colleges, and other organizations; most of its 2024 giving went to Texas recipients. Grants ranged from $500 to $86,000, with a median of $3,600. The profile does not state whether it accepts unsolicited requests.

Education

Assets

$12.4M

Grants

50

Total Given

$494K

Community Foundation of North Texas (Tax

Fort Worth, TX

The Community Foundation of North Texas supports nonprofits through grants for areas including animal welfare, conservation, community development, nonprofit capacity, and opportunity, primarily in North Texas, including seven listed counties. Its 2024 grants had a median amount of $14,250, with awards ranging from $5,100 to $1.5 million. It offers competitive grants through application cycles; nonprofits cannot apply for donor-advised grants.

Philanthropy, Voluntarism & Grantmaking

Assets

$544.9M

Grants

872

Total Given

$41.3M

Michael & Susan Dell Foundation

Austin, TX

The Michael & Susan Dell Foundation funds education, health, family economic stability, and nonprofit capacity, with a strong focus on children and families and its deepest investment in Texas, especially Greater Austin; it also supports work elsewhere in the U.S. and internationally. Its 2024 grants ranged from $75 to $50 million, with a median of $19,324. It accepts unsolicited requests through an online application.

Assets

—

Grants

835

Total Given

$164.6M

More Funders in Texas

Mustang Foundation down — hundreds of funders to go?

Want AI to do this for you?