Puente de Maravillas Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$52.3M
+5.2% YoY
Annual Giving
$2.8M
+3.0% YoY
Grant Count
53
+5200.0% YoY
Avg Grant Size
$53K
-98.1% YoY
Under IRS private-foundation payout rules, Puente de Maravillas Foundation reported a distributable amount of $2.5M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's grantmaking priorities include:
- Education (particularly higher education)
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Health & Human Services
The foundation demonstrates a particular interest in scholarships and educational support, as evidenced by significant grants to higher education institutions.
Grantmaking
The foundation made one grant in the prior year, indicating increased grantmaking activity in 2024.
Grant Range
$5,000 to $2,731,050
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking extends across multiple states, with documented giving in Texas, Virginia, and North Carolina.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2024:
- Total assets: $52,252,957
- Total revenues: $4,086,093
- Total expenses: $3,225,914
- Number of employees: 0
The foundation has demonstrated significant asset growth and increased grantmaking activity in recent years, with assets growing from approximately $46 million in 2023 to over $52 million in 2024.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $52,252,957 | $49,693,473 | $46,966,390 |
| Revenue | $4,086,093 | $1,159,025 | $1,093,961 |
| Expenses | $3,225,914 | $3,095,710 | $2,996,914 |
| Qualifying Distributions | $2,926,494 | $2,848,251 | $2,740,530 |
| Net Investment Income | $3,818,124 | $928,571 | $831,998 |
| Distributable Amount | $2,471,446 | $2,377,950 | $2,357,320 |
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
54 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Texas A&M Foundation ($300,000), Driscoll Children's Hospital Development Foundation Inc ($250,000), Coastal Bend Community Foundation ($200,000).
| Recipient | Purpose | Amount |
|---|---|---|
| American Cancer Society Inc Atlanta, GA | Health & Human Services | $10,000 |
| Amistad Community Health Center Incorporated Corpus Christi, TX | Health & Human Services | $25,000 |
| Ballet Folklorico Viva Mexico De Ramiro Loera Corpus Christi, TX | Arts & Culture | $10,000 |
| Boy Scouts of America (South Texas Council) Corpus Christi, TX | Youth Services | $85,000 |
| Boys & Girls Clubs of the Coastal Bend Inc Corpus Christi, TX | Youth Services | $10,000 |
| Camp Aranzazu Rockport, TX | Youth Services | $75,000 |
| CASA of the Coastal Bend Corpus Christi, TX | Health & Human Services | $75,000 |
| Catholic Charities of Corpus Christi Inc Corpus Christi, TX | Health & Human Services | $85,000 |
| Catholic Charities of Corpus Christi Inc Corpus Christi, TX | Unhoused | $25,000 |
| Coastal Bend Community Foundation Corpus Christi, TX | Health & Human Services | $200,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation's trustees are:
- Hugh C Dobson
- Anne M Dobson
- Gerri Rice
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Hugh C Dobson | President | 5 | — |
| Anne M Dobson | Vice President | 5 | — |
| Geri Rice | Secretary/Treasurer | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Puente de Maravillas Foundation fund?
The foundation's grantmaking priorities include: • Education (particularly higher education) • Philanthropy, Voluntarism & Grantmaking • Human Services • Health & Human Services The foundation demonstrates a particular interest in scholarships and educational support, as evidenced by significant grants to higher education institutions.
How do I apply for a grant from Puente de Maravillas Foundation?
**Grant Activity (2024):** • Total giving: $2,812,000 • Number of grants: 44 grants made • Typical grant range: $5,000 to $2,731,050 **Recent Notable Grants (2024):** • Texas A&M Foundation: $300,000 (Scholarships) • Driscoll Children's Hospital Development Foundation: $250,000 (Health & Human Services) • Coastal Bend Community Foundation: $200,000 (Health & Human Services) The foundation made one grant in the prior year, indicating increased grantmaking activity in 2024.
Where does Puente de Maravillas Foundation make grants?
The foundation's grantmaking extends across multiple states, with documented giving in Texas, Virginia, and North Carolina.
What size grants does Puente de Maravillas Foundation award?
In 2024, Puente de Maravillas Foundation awarded 53 grants totaling $2.8M — an average of about $53K per grant, based on its IRS Form 990 filings.
How much is Puente de Maravillas Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Puente de Maravillas Foundation reported a distributable amount of $2.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Puente de Maravillas Foundation's EIN?
Puente de Maravillas Foundation's EIN (Employer Identification Number) is 84-3661722. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Puente de Maravillas Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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