Pierce Runnells Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.2M in total assets. In 2024, it awarded 16 grants totaling $260K. Net investment income was $310K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.2M
+0.1% YoY
Annual Giving
$260K
+8.3% YoY
Grant Count
16
+45.5% YoY
Avg Grant Size
$16K
-25.5% YoY
Under IRS private-foundation payout rules, Pierce Runnells Foundation reported a distributable amount of $249K for 2024 — the minimum it must pay out in qualifying distributions.
About Pierce Runnells Foundation
Based on IRS filings
Pierce Runnells Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.2M in total assets. In 2024, it awarded 16 grants totaling $260K. Net investment income was $310K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,180,052 | $3,178,241 | $3,019,144 |
| Revenue | $353,412 | $382,672 | $149,661 |
| Expenses | $311,338 | $283,317 | $280,909 |
| Qualifying Distributions | $261,885 | $242,799 | $237,500 |
| Net Investment Income | $309,617 | $342,154 | $108,204 |
| Distributable Amount | $248,960 | $220,621 | $225,720 |
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
71 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ut Health Houston ($70,000), Depelchin Childrens Center ($20,000), Texas Science and History Museum ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DEPELCHIN CHILDRENS CENTER HOUSTON, TX | GENERAL CHARITABLE PURPOSES | $20,000 |
| HAWLEY CEMETERY ASSOCIATION BLESSING, TX | GENERAL CHARITABLE PURPOSES | $5,000 |
| HOPE HOUSE LIBERTY HILL, TX | GENERAL CHARITABLE PURPOSES | $15,000 |
| HORSELINK AUSTIN, TX | GENERAL CHARITABLE PURPOSES | $15,000 |
| HOUSTON SYMPHONY HOUSTON, TX | GENERAL CHARITABLE PURPOSES | $15,000 |
| PEASE PARK CONSERVANCY AUSTIN, TX | GENERAL CHARITABLE PURPOSES | $15,000 |
| PX PROJECT HOUSTON, TX | GENERAL CHARITABLE PURPOSES | $10,000 |
| TREEFOLKS DEL VALLE, TX | GENERAL CHARITABLE PURPOSES | $10,000 |
| UT HEALTH HOUSTON HOUSTON, TX | GENERAL CHARITABLE PURPOSES | $70,000 |
| ZACH THEATER AUSTIN, TX | GENERAL CHARITABLE PURPOSES | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN PITTS | TREASURER | 0.25 | — |
| KATE THOMPSON | SECRETARY & DIRECTOR | 0.25 | — |
| JEFF FIRESTONE | PRESIDENT & DIRECTOR | 0.25 | — |
| KATHRYN WATTS SMYTH | VICE-PRESIDENT | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Pierce Runnells Foundation?
Pierce Runnells Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. It holds $3.2M in total assets as of 2024.
How large is Pierce Runnells Foundation?
As of 2024, Pierce Runnells Foundation holds $3.2M in total assets with $353K in annual revenue. It awarded 16 grants totaling $260K in 2024.
Where does Pierce Runnells Foundation operate?
Pierce Runnells Foundation has awarded grants in Pennsylvania, Texas.
What size grants does Pierce Runnells Foundation award?
In 2024, Pierce Runnells Foundation awarded 16 grants totaling $260K — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is Pierce Runnells Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Pierce Runnells Foundation reported a distributable amount of $249K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Pierce Runnells Foundation's EIN?
Pierce Runnells Foundation's EIN (Employer Identification Number) is 76-0512606. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Pierce Runnells Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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