Overbid Property Trust

ARANSAS PASS, TX EIN: 23-7222332

Overbid Property Trust is a private foundation focused on Education, based in ARANSAS PASS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $80K in total assets. In 2024, it awarded 3 grants totaling $10K. Net investment income was $3K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$80K

-1.3% YoY

Annual Giving

$10K

-13.0% YoY

Grant Count

3

+0.0% YoY

Avg Grant Size

$3K

-13.0% YoY

Under IRS private-foundation payout rules, Overbid Property Trust reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.

About Overbid Property Trust

Based on IRS filings

Overbid Property Trust is a private foundation focused on Education, based in ARANSAS PASS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $80K in total assets. In 2024, it awarded 3 grants totaling $10K. Net investment income was $3K.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1states

States

Cities

Aransas PassIngleside

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$4K$8K$12K$17K20202021202220232024
Metric202420232022
Total Assets$79,671$80,734$82,823
Revenue$4,203$9,254$787
Expenses$11,313$13,120$15,029
Qualifying Distributions$10,125$12,302$13,685
Net Investment Income$3,149$8,451$1,093
Distributable Amount$3,941$10,592$11,554

Giving Over Time

Total grant dollars and number of grants per year

$0$3K$7K$10K$14K3 grants20202 grants20213 grants20223 grants20233 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

TRI COUNTY CHRISTIAN SER…$5KCITY OF ARANSAS PASS$4KINGLESIDE METHODIST CHURCH$1K

Grant Size Distribution

14 grants across all recorded years

14<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Tri County Christian Service Center ($5,000), City of Aransas Pass ($4,000), Ingleside Methodist Church ($1,000).

RecipientPurposeAmount
INGLESIDE METHODIST CHURCH INGLESIDE, TXFOOD PANTRY$1,000
TRI COUNTY CHRISTIAN SERVICE CENTER ARANSAS PASS, TXFOOD PANTRY$5,000
CITY OF ARANSAS PASS ARANSAS PASS, TXPUBLIC LIBRARY$4,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
JAY ATTAWAYPRESIDENT2
DAVID HUTCHINSDIRECTOR1
PHILLIP HYATTDIRECTOR1
EDDIE ARNOLDDIRECTOR1

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Overbid Property Trust?

Overbid Property Trust is a private foundation focused on Education, based in ARANSAS PASS, TX. It holds $80K in total assets as of 2024.

How large is Overbid Property Trust?

As of 2024, Overbid Property Trust holds $80K in total assets with $4K in annual revenue. It awarded 3 grants totaling $10K in 2024.

Where does Overbid Property Trust operate?

Overbid Property Trust has awarded grants in Texas.

What size grants does Overbid Property Trust award?

In 2024, Overbid Property Trust awarded 3 grants totaling $10K — an average of about $3K per grant, based on its IRS Form 990 filings.

How much is Overbid Property Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Overbid Property Trust reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Overbid Property Trust's EIN?

Overbid Property Trust's EIN (Employer Identification Number) is 23-7222332. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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