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.
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.
About Polycarp Foundation
Based on IRS filings
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
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 |
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
Among its reported 2024 grants, the largest include Its the Pits Cookers ($40,000), Tacoma Youth Marine Center ($25,000), American National Red Cross ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN LEGION CHARITIES INC FORT WORTH, TX | GENERAL SUPPORT | $10,000 |
| AMERICAN NATIONAL RED CROSS BOONE, IA | GENERAL SUPPORT | $15,000 |
| CHILDREN'S MUSEUM OF HOUSTON HOUSTON, TX | GENERAL SUPPORT | $5,000 |
| CYPRESS UNITED METHODIST CHURCH CYPRESS, TX | GENERAL SUPPORT | $10,000 |
| HOUSTON ZOO HOUSTON, TX | GENERAL SUPPORT | $5,000 |
| ITS THE PITS COOKERS RICHMOND, TX | GENERAL SUPPORT | $40,000 |
| ST ANDREWS EPISCOPAL CHURCH FARMERS BRANCH, TX | GENERAL SUPPORT | $10,000 |
| TACOMA YOUTH MARINE CENTER TACOMA, WA | GENERAL SUPPORT | $25,000 |
| TEXAS AND SOUTHWESTERN CATTLE FT WORTH, TX | GENERAL SUPPORT | $5,000 |
| TEXAS STATE AQUARIUM CORPUS CHRISTI, TX | GENERAL SUPPORT | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOSEPH WESLEY DOOLIN | VP/SECRETARY | 1 | — |
| WORTH A NELSON III | PRESIDENT | 3 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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.
How large is Polycarp Foundation?
As of 2024, Polycarp Foundation holds $4.5M in total assets with $824K in annual revenue. It awarded 13 grants totaling $158K in 2024.
Where does Polycarp Foundation operate?
Polycarp Foundation has awarded grants in Iowa, Pennsylvania, Tennessee, Texas, Washington.
What size grants does Polycarp Foundation award?
In 2024, Polycarp Foundation awarded 13 grants totaling $158K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is Polycarp Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Polycarp Foundation reported a distributable amount of $286K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Polycarp 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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