Pevehouse Family Foundation
The Pevehouse Family Foundation is a private foundation based in Midland, Texas. Created in 2008 by Beverly Pevehouse to sustain Beverly and Joe Pevehouse’s philanthropic work, it supports Texas-based organizations, with a stated primary focus on the Permian Basin.
Key facts about Pevehouse Family Foundation
In short: Pevehouse Family Foundation gave $1.7M across 58 grants in 2024 (avg $29K), mostly in Texas. 20% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 26-3401629
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,695,000
- Grants made (2024)
- 58
- Average grant
- $29,224
- Median grant
- $20,000
- New grantees (estimate)
- 20% first-time grantees (11 of 56, 2024)
- Total assets
- $38,306,273
- Primary geography
- Texas (99% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation does not accept unsolicited requests and makes contributions only to preselected charitable organizations. Full details ↓
- Deadline
- For the spring cycle, the website lists August 1 through January 31 as the period for grant requests and March 31 as…
Data from IRS Form 990-PF, 2024; updated October 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 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
Under IRS private-foundation payout rules, Pevehouse Family Foundation reported a distributable amount of $2.0M for 2024 — the minimum it must pay out in qualifying distributions.
Is Pevehouse Family Foundation open to new grantees?
20%
first-time grantees, 2024
In 2024, 11 of 56 grantees (20%) were first-time recipients. First grants averaged $46K; repeat grants $26K. How we count
Medians: $15K first-time, $20K repeat.
- 64% of 2024 grantees were also funded in 2023. Method
- Giving grew 27% from 2021 to 2024. Method
- In 2024 it paid out 89% 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 (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The foundation’s stated purpose is to further a vision toward reality by sustaining Beverly and Joe Pevehouse’s philanthropic endeavors. Its grant categories are health, higher education, performing and visual arts, and community and cultural endeavors.
Its 2024 grantees illustrate the range of organizations supported. Manor Park says it provides a continuum of care for people age 62 and older. Angelo State University Foundation says it supports the university’s broad-based needs and educational purposes. High Sky Children’s Ranch describes its work as healing abused children and promoting family wholeness. The Museum of the Southwest says it offers experiences in arts, science, history, and culture; Bynum School provides educational, behavioral, and vocational programs for people with special needs. Other 2024 recipients included a regional symphony and chorale, a camp for Texas children with disabilities and certain medical conditions, and an education foundation serving Midland ISD.
Grantmaking
In 2024, the foundation awarded 58 grants totaling $1,695,000. Grants ranged from $2,500 to $300,000, with a median award of $20,000. The largest awards included $300,000 to Peterson Regional Medical Center Foundation for capital expenses, $200,000 to Manor Park for capital expenses, and $100,000 to Midland College C3 Program for program expenses. Other notable awards included $65,000 to Angelo State University Foundation for a student scholarship fund and $50,000 each to High Sky Children’s Ranch, Museum of Western Art, Our Lady of the Hills Regional Catholic High School, and YMCA Midland.
Review Cycle
For the spring cycle, the website lists August 1 through January 31 as the period for grant requests and March 31 as the deadline for invited organizations to return completed applications. It lists May 15 for notification of decisions, June 1 for return of signed contracts, and mailing of award checks before June 30.
Invitation Only
The foundation does not accept unsolicited requests and makes contributions only to preselected charitable organizations. Its website describes an invitation-only process with two grant cycles per calendar year. Interested organizations may submit a pre-application; the board does not automatically invite an organization to apply. Qualified nonprofits may apply once per year, and organizations may receive no more than one grant award per calendar year. Grant recommendations require approval and a vote by the board. Awards do not commit the foundation to future support for operations or specific projects.
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Geographic Focus
Where this funder awards grants
The foundation states that its awards focus on Texas-based organizations, primarily in the Permian Basin. In 2024, 99% of grant dollars went to recipients in Texas.
Grant Distribution by State
Share of 2024 grant dollars across all 58 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $888K (2020) to $1.7M (2023). In 2024 it made 58 grants totaling $1.7M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Peterson Regional Medical Center Foundation ($300K). Together the top 10 received $905K.
Organizations only. It also paid 3 individual scholarships ($105,000), which are not listed by name.
Grant Size Distribution
336 grants across all recorded years
The most common grant size was under $50K: 305 grants of 336 (91%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Peterson Regional Medical Center Foundation Kerrville, TX | Capital Expenses | $300,000 |
| Manor Park Inc Midland, TX | Capital Expenses | $200,000 |
| Midland College C3 Program Midland, TX | Program Expenses | $100,000 |
| 3 individual scholarships Recipients not named | — | $105,000 |
| High Sky Children's Ranch Midland, TX | Operatonal Expenses | $50,000 |
| Museum of Western Art Kerrville, TX | Operating Expenses | $50,000 |
| Our Lady of the Hills Regional Catholic High School Kerrville, TX | Operational Expenses | $50,000 |
| YMCA Midland Midland, TX | Operational Expenses | $50,000 |
| Tarleton State University Foundation Inc Stephenville, TX | Capital Project | $40,000 |
| Museum of the Southwest Midland, TX | Operational Expenses | $35,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants | Grant count |
|---|---|---|---|---|---|
| 2024 | $38,306,273 | $4,632,935 | $2,074,455 | $1,695,000 | 58 |
| 2023 | $35,756,233 | $5,840,153 | $2,017,486 | $1,743,500 | 69 |
| 2022 | $31,933,566 | $4,794,788 | $2,076,306 | $1,699,500 | 71 |
| 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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Melissa Pevehouse Hoelscher as president; Clay Pevehouse, Jan Watson, and Katie Pevehouse as vice presidents-secretary/treasurers; Austin Ramsey, Laura Hoelscher, Evan Pevehouse, Cressinda Hyatt, and Laura Buckner as directors; and Marina Stanaland as executive director.
Pevehouse Family Foundation is led by Melissa Pevehouse Hoelscher, President since 2023 (on filings since 2020); none of the 10 officers listed in 2024 report compensation.
Officers on the 2024 filing
Melissa Pevehouse Hoelscher
President
President → Vice President-Secretary & Treasurer, 2021
Vice President-Secretary & Treasurer → President, 2023
On filings since 2020
1 hr/week
No compensation reported
Marina Stanaland
Executive Director
On filings since 2021
20 hrs/week
No compensation reported
Cressinda Hyatt
Director
Executive Director → Director, 2021
On filings since 2020
1 hr/week
$56K (2020) → $0 (2024)
Austin Ramsey
Director
On filings since 2020
1 hr/week
No compensation reported
Evan Pevehouse
Director
On filings since 2020
1 hr/week
No compensation reported
Laura Hoelscher
Director
On filings since 2020
1 hr/week
No compensation reported
Laura Buckner
Director
On filings since 2021
1 hr/week
No compensation reported
Clay Pevehouse
Vice President-Sec & Treasurer
Vice President-Secretary & Treasurer → President, 2021
President → Vice President-Sec & Treasurer, 2023
On filings since 2020
1 hr/week
No compensation reported
Jan Watson
Vice President-Sec & Treasurer
Vice President-Assistant Secretary & Treasurer → Vice President-Sec & Treasurer, 2022
On filings since 2020
1 hr/week
No compensation reported
Katie Pevehouse
Vice President-Sec & Treasurer
Director → Vice President-Assistant Secretary & Treasurer, 2021
Vice President-Assistant Secretary & Treasurer → Vice President-Sec & Treasurer, 2022
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Sara O'Neill (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2021 IRS filing
The highest reported compensation on the 2021 filing was $60K, to Cressinda Hyatt (Director).
Contact
Mailing address: 4305 N Garfield St Suite 235, Midland, TX 79705
Phone: (432) 687-1608
Website: https://pevehousefamilyfoundation.org
Frequently asked questions about Pevehouse Family Foundation
How much does Pevehouse Family Foundation give each year?
Pevehouse Family Foundation gave $1.7M across 58 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.7M across 69 grants.
What is Pevehouse Family Foundation's typical grant size?
Pevehouse Family Foundation's median grant in 2024 was $20,000, and its average grant was $29,224, across 58 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Pevehouse Family Foundation that year got $46K on average.
Where does Pevehouse Family Foundation give grants?
Pevehouse Family Foundation gives mostly in Texas: 99% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Midland, TX (31 grants), Odessa, TX (8 grants) and Kerrville, TX (6 grants).
Does Pevehouse Family Foundation give general operating support?
Yes: 79% of Pevehouse Family Foundation's 2024 grants with a stated purpose (46 of 58) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Program Expenses" (3 grants).
Who are Pevehouse Family Foundation's largest grantees?
Pevehouse Family Foundation's largest 2024 grantees include Peterson Regional Medical Center Foundation ($300,000), Manor Park Inc ($200,000) and Midland College C3 Program ($100,000), according to its 2024 IRS Form 990-PF. It also paid 3 individual scholarships ($105,000), which are not listed by name. Together they received 35% of its itemized 2024 grant dollars.
How large is Pevehouse Family Foundation?
Pevehouse Family Foundation reported $38.3M in total assets on its 2024 IRS Form 990-PF. It paid out $1.7M in qualifying distributions that year, against a required minimum of $2.0M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Pevehouse Family Foundation fund?
The foundation’s stated purpose is to further a vision toward reality by sustaining Beverly and Joe Pevehouse’s philanthropic endeavors. Its grant categories are health, higher education, performing and visual arts, and community and cultural endeavors. See mission & focus areas ↑
How do I apply for a grant from Pevehouse Family Foundation?
The foundation does not accept unsolicited requests and makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Pevehouse Family Foundation's EIN?
Pevehouse Family Foundation's EIN (Employer Identification Number) is 26-3401629. IRS Form 990 filing data is available on this page for 2020–2024.
Does Pevehouse Family Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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