Pevehouse Family Foundation
The Pevehouse Family Foundation is a private grantmaking foundation established in 2008 by Beverly Pevehouse to sustain the philanthropic legacy of Beverly and Joe Pevehouse. Based in Midland, Texas, the foundation operates as a 501(c)(3) organization and serves as a vehicle for charitable giving in the West Texas region and beyond.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$38.3M
+7.1% YoY
Annual Giving
$1.7M
-2.8% YoY
Grant Count
58
-15.9% YoY
Avg Grant Size
$29K
+15.7% YoY
Mission & Focus Areas
The foundation's mission centers on furthering the philanthropic vision of Beverly and Joe Pevehouse, who were recognized pillars in the West Texas philanthropic community for over five decades. The foundation supports the following priority areas:
- Health
- Higher Education
- Performing and Visual Arts
- Community and Cultural Endeavors
The foundation emphasizes that grant awards are made without any commitment for future support of operations or specific projects.
Grantmaking
Since its inception, the foundation has awarded more than $12 million in grants across the Permian Basin and state of Texas.
Grant Range
** $2,500 to $300,000
Review Cycle
.
How to Apply
** The foundation operates through a semi-annual competitive application and review process with fixed deadlines.
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Geographic Focus
Where this funder awards grants
The foundation specifies a geographic focus on Texas-based organizations, with primary emphasis on the Permian Basin region. While the majority of funding supports Texas organizations, the foundation has also made grants in North Dakota and California.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $38,306,273
- Total Revenue: $4,632,935
- Total Expenses: $2,074,455
- Total Giving: $1,695,000
Historical Context:
- Annual giving (2023): $1,668,500
- Since 2016: 435 individual grants totaling $7.3 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $38,306,273 | $35,756,233 | $31,933,566 |
| Revenue | $4,632,935 | $5,840,153 | $4,794,788 |
| Expenses | $2,074,455 | $2,017,486 | $2,076,306 |
| Qualifying Distributions | $1,747,733 | $1,714,819 | $1,735,161 |
| Net Investment Income | $1,230,145 | $2,446,266 | $1,454,102 |
| Distributable Amount | $1,963,008 | $1,735,050 | $1,634,277 |
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
250 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
Marina Stanaland — Executive Director
- Contact: 432-687-1608
- Email: [email protected]
Trustees: Melissa Pevehouse Hoelscher, Clay Pevehouse, Austin Ramsey
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MELISSA PEVEHOUSE HOELSCHER | PRESIDENT | 1 | — |
| CLAY PEVEHOUSE | VICE PRESIDENT-SEC/TREAS | 1 | — |
| AUSTIN RAMSEY | DIRECTOR | 1 | — |
| LAURA HOELSCHER | DIRECTOR | 1 | — |
| EVAN PEVEHOUSE | DIRECTOR | 1 | — |
| CRESSINDA HYATT | DIRECTOR | 1 | — |
| JAN WATSON | VICE PRESIDENT-SEC/TREAS | 1 | — |
| KATIE PEVEHOUSE | VICE PRESIDENT-SEC/TREAS | 1 | — |
| LAURA BUCKNER | DIRECTOR | 1 | — |
| MARINA STANALAND | EXECUTIVE DIRECTOR | 20 | — |
Contact Information
Address: 4305 N. Garfield Street, Suite 235, Midland, TX 79705
Phone: 432-687-1608
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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