Permanent Endowment Fund of
The Permanent Endowment Fund (PEF) is a supporting organization of Moody Methodist Church located in Galveston, Texas. Established in 1943 following an estate gift from Libbie Shearn Moody, who left 25 percent of her estate to create the endowment, the PEF holds, administers, and distributes funds to advance religious, charitable, educational, and missional purposes. The organization operates as a 501(c)(3) public charity and has earned a Four-Star rating for strong financial accountability and transparency.
Key facts about Permanent Endowment Fund of
- EIN
- 76-0680471
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $24,162,479
- Grants made (2024)
- 119
- Average grant
- $203,046
- Median grant
- $40,000
- New grantees (estimate)
- 35% first-time grantees (34 of 96, 2024)
- Total assets
- $412,025,898
- Primary geography
- Texas (98% of itemized 2024 grant dollars)
- How to apply
- The PEF operates a grant management system with multiple grant cycles throughout the year. Full details ↓
Data from IRS Form 990-PF, 2024; updated June 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.
Who Permanent Endowment Fund of funds
By grant dollars, the top recipient states for Permanent Endowment Fund of's 119 itemized 2024 grants were Texas (98%). The most frequent recipient cities were Galveston, TX (50 grants), Houston, TX (29 grants), Atlanta, GA (6 grants) and Texas City, TX (3 grants). 29% of grants with a stated purpose were for general or operating support.
Is Permanent Endowment Fund of open to new grantees?
35%
first-time grantees, 2024
In 2024, 34 of 96 grantees (35%) were first-time recipients. First grants averaged $396K; repeat grants $172K. How we count
Medians: $30K first-time, $50K repeat.
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 Permanent Endowment Fund of
- How to evaluate Permanent Endowment Fund of as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to Permanent Endowment Fund of with AI
AI grant writing that drafts from your organization’s own materials, in your voice.
- Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$412.0M
+233.5% YoY
Annual Giving
$24.2M
+133.9% YoY
Grant Count
119
+11.2% YoY
Avg Grant Size
$203K
+110.3% YoY
Mission & Focus Areas
Mission: Advancing the care of people in the Name and Spirit of Jesus Christ
The PEF provides grants to nonprofit organizations aligned with its mission across six primary funding areas:
- Education & Education Support Services
- Religious Mission & Ministry
- Health & Wellness Services
- Self-Reliance Services
- Crisis Support Services
- Essential Needs
The organization funds operating budgets, project/programs, capital requests, and tuition assistance requests.
Grantmaking
Grant Range
** $40,000 to $6,500,000+
Review Cycle
throughout the year. Applicants can schedule meetings to discuss potential grant requests and must complete an eligibility quiz. The organization provides guidance on developing competitive applications and setting SMART goals.
How to Apply
** The PEF operates a grant management system with multiple grant cycles throughout the year. Applicants can schedule meetings to discuss potential grant requests and must complete an eligibility quiz. The organization provides guidance on developing competitive applications and setting SMART goals.
Ready to take the next step with Permanent Endowment Fund of?
Geographic Focus
Where this funder awards grants
The PEF funds requests serving people in Galveston, Texas, as well as organizations serving people around the world. Primary grantmaking focuses on Texas, Georgia, and Tennessee.
Grant Distribution by State
Share of all 119 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $123.6 million to $124 million
- Total Revenue: $19.1 million
- Total Expenses: $11.6 million
- Total Liabilities: $1.69 million
- Staff Size: 4 to 6 individuals
As of 2022:
- Annual Revenue: $12.6 million
- Annual Giving: $8.9 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $412,025,898 | $123,555,922 | $104,208,828 |
| Revenue | $312,657,414 | $19,121,503 | $12,563,184 |
| Expenses | $25,828,349 | $11,625,776 | $9,842,261 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $20,124,034 | $4,366,415 | $4,328,899 |
| 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
466 grants across all recorded years
Open Grants
4 open opportunities from Permanent Endowment Fund of
Grant Cycle 1 - Religious Mission and Ministry Grant
Permanent Endowment Fund of
Amount
Varies
Deadline
Rolling / Open
Grant Cycle 2 - Health and Wellness Services Grant
Permanent Endowment Fund of
Amount
Varies
Deadline
Rolling / Open
Grant Cycle 2 - Self-Reliance Services Grant
Permanent Endowment Fund of
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Galveston ISD ($10,350,000 across 2 grants), Moody Memorial First United Methodist Church ($4,357,139 across 12 grants), Houston Methodist Hospital Foundation ($1,500,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Galveston ISD Galveston, TX | Performing Arts Center | $8,100,000 |
| Galveston ISD Galveston, TX | Operating Budget (Content Specialists) | $2,250,000 |
| Moody Memorial First United Methodist Church Galveston, TX | Operating Budget | $1,550,000 |
| Houston Methodist Hospital Foundation Houston, TX | Spiritual Care Clinical Pastoral Education Center | $1,500,000 |
| Moody Memorial First United Methodist Church Galveston, TX | Trustees Budget | $1,320,485 |
| Moody Memorial First United Methodist Church Galveston, TX | Trustees Priority Maintenance Projects | $1,025,125 |
| Texas Annual Conference of the United Methodist Church Houston, TX | Vitality & Leadership | $700,000 |
| Moody Methodist Day School Galveston, TX | Moody Methodist Day School | $600,000 |
| Moody Methodist Day School Galveston, TX | Moody Methodist Day School | $550,000 |
| First Baptist Church Galveston Galveston, TX | HVAC for the Education Building for First Baptist Church, Galveston | $375,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Executive Director: Rev. Bert Bagley
- Board of Directors: Nine-member board elected by Moody Methodist Church Conference for four-year terms, comprised of church congregants responsible for investment management and grant decisions
The founding board included Roland Bassett, Ward Benson Jr., John Eckel, M. Joe Helms, Leonard Mosele, Carl Robertson, and Rev. Asbury Lenox.
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Bill Glenn III | Chair, Director | 5 | — |
| Ramona Webb Holbrook | Secretary, Director | 5 | — |
| Armin Cantini | Director | 5 | — |
| Edie Harrington | Director | 5 | — |
| Matthew Hay | Director | 5 | — |
| Donna Lang | Director | 5 | — |
| Jere Pederson | Director | 5 | — |
| Danica Premirelli | Director | 40 | $96,320 |
| Kelly Schwab | Director | 5 | — |
| Bert Bagley | Executive Director | 40 | $162,763 |
Contact Information
Address: 2200 Market Street, Suite 750, Galveston, TX 77550-1551
Phone: 409-443-5577
Website: www.moodypef.org / www.pefgalveston.org
EIN: 76-0680471
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Permanent Endowment Fund of fund?
**Mission:** Advancing the care of people in the Name and Spirit of Jesus Christ The PEF provides grants to nonprofit organizations aligned with its mission across six primary funding areas: • Education & Education Support Services • Religious Mission & Ministry • Health & Wellness Services • Self-Reliance Services • Crisis Support Services • Essential Needs The organization funds operating budgets, project/programs, capital requests, and tuition assistance requests.
How do I apply for a grant from Permanent Endowment Fund of?
The PEF operates a grant management system with multiple grant cycles throughout the year. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does Permanent Endowment Fund of make grants?
The PEF funds requests serving people in Galveston, Texas, as well as organizations serving people around the world. Primary grantmaking focuses on Texas, Georgia, and Tennessee.
What size grants does Permanent Endowment Fund of award?
In 2024, Permanent Endowment Fund of awarded 119 grants totaling $24.2M — an average of about $203K per grant, based on its IRS Form 990 filings.
What is Permanent Endowment Fund of's EIN?
Permanent Endowment Fund of's EIN (Employer Identification Number) is 76-0680471. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Permanent Endowment Fund of's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Shell USA Company Foundation
HOUSTON, TX
Assets
$52.3M
Grants
4,650
Total Given
$16.0M
Greater Houston Community Foundation
HOUSTON, TX
Assets
$1.1B
Grants
1,724
Total Given
$232.3M
Harris & Eliza Kempner Fund Inc
GALVESTON, TX
Assets
$54.5M
Grants
167
Total Given
$2.8M
The Moody Foundation
GALVESTON, TX
Assets
$3.5B
Grants
373
Total Given
$121.3M
Albert & Ethel Herzstein
HOUSTON, TX
Assets
$132.3M
Grants
320
Total Given
$5.9M
The Mary Moody Northen Endowment
GALVESTON, TX
Assets
$86.6M
Grants
59
Total Given
$4.4M
Ippolito Charitable Foundation
HOUSTON, TX
Assets
$17.5M
Grants
96
Total Given
$1.5M
United Way of Galveston Inc
GALVESTON, TX
Assets
$1.5M
Grants
12
Total Given
$384K
Texas Instruments Foundation
DALLAS, TX
Assets
$73.0M
Grants
4,484
Total Given
$22.6M
Communities Foundation of Texas Inc
DALLAS, TX
Assets
$1.2B
Grants
2,209
Total Given
$209.2M
Celanese Foundation
IRVING, TX
Assets
—
Grants
1,423
Total Given
$1.8M
Once Upon a Time Foundation
FORT WORTH, TX
Assets
$276.7M
Grants
1,039
Total Given
$10.7M
More Funders in Texas
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.