Polycarp Foundation
Polycarp Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Missouri City, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.5M in total assets. In 2024, it awarded 13 grants totaling $158K. Net investment income was $509K.
Key facts about Polycarp Foundation
In short: Polycarp Foundation gave $158K across 13 grants in 2024 (avg $12K), mostly in Texas. 38% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 75-2777481
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $158,000
- Grants made (2024)
- 13
- Average grant
- $12,154
- Median grant
- $10,000
- New grantees (estimate)
- 38% first-time grantees (5 of 13, 2024)
- Total assets
- $4,497,431
- Primary geography
- Texas (73% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.5M
+16.7% YoY
Annual Giving
$158K
-41.5% YoY
Grant Count
13
+18.2% YoY
Avg Grant Size
$12K
-50.5% YoY
Under IRS private-foundation payout rules, Polycarp Foundation reported a distributable amount of $286K for 2024 — the minimum it must pay out in qualifying distributions.
Is Polycarp Foundation open to new grantees?
38%
first-time grantees, 2024
In 2024, 5 of 13 grantees (38%) were first-time recipients. First grants averaged $18K; repeat grants $9K. How we count
Medians: $10K first-time, $10K repeat.
- 54% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−17%). Method
- In 2024 it paid out 55% 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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 13 itemized 2024 grant dollars.
Cities
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
57 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| ITS THE PITS COOKERS Richmond, TX | GENERAL SUPPORT | $40,000 |
| TACOMA YOUTH MARINE CENTER Tacoma, WA | GENERAL SUPPORT | $25,000 |
| AMERICAN NATIONAL RED CROSS Boone, IA | GENERAL SUPPORT | $15,000 |
| AMERICAN LEGION CHARITIES INC Fort Worth, TX | GENERAL SUPPORT | $10,000 |
| CYPRESS UNITED METHODIST CHURCH Cypress, TX | GENERAL SUPPORT | $10,000 |
| ST ANDREWS EPISCOPAL CHURCH Farmers Branch, TX | GENERAL SUPPORT | $10,000 |
| TEXAS STATE AQUARIUM Corpus Christi, TX | GENERAL SUPPORT | $10,000 |
| THE THANKFUL ONES Richmond, TX | GENERAL SUPPORT | $10,000 |
| YAGA'S CHILDREN'S FUND Galveston, TX | GENERAL SUPPORT | $10,000 |
| CHILDREN'S MUSEUM OF HOUSTON Houston, TX | GENERAL SUPPORT | $5,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,497,431 | $3,853,587 | $3,770,355 |
| Revenue | $824,334 | $377,846 | $423,494 |
| Expenses | $180,490 | $294,614 | $206,442 |
| Qualifying Distributions | $158,000 | $270,000 | $190,000 |
| Net Investment Income | $509,443 | $93,441 | $60,554 |
| Distributable Amount | $286,080 | $250,022 | $227,414 |
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
Officers and directors from IRS filings
Polycarp Foundation is led by Worth A. Nelson III, President since 2021 (on filings since 2020); none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Worth A. Nelson III
President
Vice President → President, 2021
On filings since 2020
3 hrs/week
No compensation reported
Joseph Wesley Doolin
Vice President & Secretary
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Rosemary Cdoolin (2020) — President & Treasurer
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.
Frequently asked questions about Polycarp Foundation
How much does Polycarp Foundation give each year?
Polycarp Foundation gave $158K across 13 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $270K across 11 grants.
What is Polycarp Foundation's typical grant size?
Polycarp Foundation's median grant in 2024 was $10,000, and its average grant was $12,154, across 13 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Polycarp Foundation that year got $18K on average.
Where does Polycarp Foundation give grants?
Polycarp Foundation gives mostly in Texas: 73% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Washington (16%) and Iowa (9%). The most frequent recipient cities were Richmond, TX (2 grants), Fort Worth, TX (2 grants) and Houston, TX (2 grants).
Does Polycarp Foundation give general operating support?
Yes: 100% of Polycarp Foundation's 2024 grants with a stated purpose (13 of 13) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Polycarp Foundation's largest grantees?
Polycarp Foundation's largest 2024 grantees include Its the Pits Cookers ($40,000), Tacoma Youth Marine Center ($25,000) and American National Red Cross ($15,000), according to its 2024 IRS Form 990-PF. Together they received 51% of its itemized 2024 grant dollars.
How large is Polycarp Foundation?
Polycarp Foundation reported $4.5M in total assets on its 2024 IRS Form 990-PF. It paid out $158K in qualifying distributions that year, against a required minimum of $286K (roughly 5% of its investment assets).
What is Polycarp Foundation?
Polycarp Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Missouri City, TX. It holds $4.5M in total assets as of 2024.
What is Polycarp Foundation's EIN?
Polycarp Foundation's EIN (Employer Identification Number) is 75-2777481. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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