Richard & Florence C Gusman Trust
The Richard & Florence C Gusman Trust is a private foundation filing Form 990-PF and based in Bay City, Texas. In 2025, it reported distributing income to preselected charitable organizations.
Key facts about Richard & Florence C Gusman Trust
In short: Richard & Florence C Gusman Trust gave $32K across 11 grants in 2025 (avg $3K), mostly in Texas. 0% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 74-6333961
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $32,388
- Grants made (2025)
- 11
- Average grant
- $2,944
- Median grant
- $971
- New grantees (estimate)
- 0% first-time grantees (0 of 11, 2025; small sample)
- Total assets
- $847,313
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The trust makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2025; 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 2025 IRS Form 990-PF · View filing
Total Assets
$847K
+0.0% YoY
Annual Giving
$32K
-8.9% YoY
Grant Count
11
+0.0% YoY
Avg Grant Size
$3K
-8.9% YoY
Is Richard & Florence C Gusman Trust open to new grantees?
0%
first-time grantees, 2025
In 2025, 0 of 11 grantees (0%) were first-time recipients. With only 11 grantees, that is a small sample: one grantee more or less moves the share by about 9 points. How we count
- 100% of 2025 grantees were also funded in 2024. Method
- Giving grew 39% from 2022 to 2025. Method
- In 2023 it paid out 51% 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 (2020–2025). 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 trust does not state a mission in the available information. Its 2025 filing describes its direct charitable activity as distributing income each year to the organizations listed on an attached schedule.
One recipient, Southwestern University, received a 2025 scholarship-fund grant. The university describes its own mission as undergraduate liberal arts education, involving study and participation in cultural heritage through the arts, sciences, institutions, and professions of society.
Grantmaking
In 2025, the trust reported 11 grants totaling $32,388. Grant amounts ranged from $227 to $15,157, with a median of $971. The largest grants were $15,157 to First United Methodist Ch in Bay City for its general operating fund, $8,097 to Matagorda County Museum in Bay City for its general operating fund, $2,591 to Bay City Library Assn for its endowment fund, and $2,591 to Southwestern University for its scholarship fund.
How to Apply
The trust makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
Ready to take the next step with Richard & Florence C Gusman Trust?
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2025 went to recipients in Texas. The listed recipients include organizations in Bay City and other Texas communities.
Grant Distribution by State
Share of 2025 grant dollars across all 11 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $22K (2021) to $36K (2024). In 2025 it made 11 grants totaling $32K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was First United Methodist Ch ($15K). Together the top 10 received $32K.
Grant Size Distribution
55 grants across all recorded years
The most common grant size was under $50K: 55 grants of 55 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| First United Methodist Ch Bay City, TX | General Operating Fund | $15,157 |
| Matagorda County Museum Bay City, TX | General Operating Fund | $8,097 |
| Bay City Library Assn Bay City, TX | Endowment Fund | $2,591 |
| Southwestern University Georgetown, TX | Scholarship Fund | $2,591 |
| Bay City Little League Assoc Bay City, TX | General Operating Fund | $972 |
| Bay City Volunteer Fire D Bay City, TX | General Operating Fund | $971 |
| Methodist Home Orphanage Waco, TX | General Operating Fund | $648 |
| Matagorda County Fair & Livestock a Bay City, TX | General Operating Fund | $648 |
| Bay City 100 Club Bay City, TX | General Operating Fund | $259 |
| American Cancer Society Victoria, TX | General Operating Fund | $227 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $847,313 | $34,497 | $34,147 | $32,388 |
| 2024 | $846,951 | $38,461 | $37,259 | $35,568 |
| 2023 | $845,730 | $37,086 | $29,620 | $28,102 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $847,313 | $846,951 | $845,730 |
| Revenue | $34,497 | $38,461 | $37,086 |
| Expenses | $34,147 | $37,259 | $29,620 |
| Qualifying Distributions | $32,388 | $35,568 | $28,102 |
| Net Investment Income | $35,623 | $36,684 | $35,346 |
| Distributable Amount | — | — | $55,260 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 8, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 8, 2026)
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Eric Wright as chairperson; Percy Carroll as vice chair (the filing lists the role as “VICE CHAIRPE”); and Troy Hatchett, Tiler Curtner, Theresa Knebel, Judy Sansing, Mike Coppock, Rob Langner, Stewart Hutson, and Tim Hall as trustees.
Richard & Florence C Gusman Trust is led by Eric Wright, Chairperson on every filing since 2024; none of the 11 officers listed in 2025 report compensation.
Officers on the 2025 filing
Eric Wright
Chairperson
On filings since 2024
0.1 hrs/week
No compensation reported
David Salidavar
Trustee
On filings since 2020
0.1 hrs/week
No compensation reported
Judy Sansing
Trustee
Secretary → Trustee, 2021
On filings since 2020
0.1 hrs/week
No compensation reported
Stewart Hutson
Trustee
On filings since 2020
0.1 hrs/week
No compensation reported
Troy Hatchett
Trustee
Vice Chairperson → Chairperson, 2022
Chairperson → Trustee, 2024
On filings since 2020
0.1 hrs/week
No compensation reported
Tim Hall
Trustee
On filings since 2022
0.1 hrs/week
No compensation reported
Theresa Knebel
Trustee
On filings since 2024
0.1 hrs/week
No compensation reported
Mike Coppock
Trustee
New on the 2025 filing
0.1 hrs/week
No compensation reported
Rob Langner
Trustee
New on the 2025 filing
0.1 hrs/week
No compensation reported
Tiler Curtner
Trustee
New on the 2025 filing
0.1 hrs/week
No compensation reported
Percy Carroll
Vice Chairperson
On filings since 2022
0.1 hrs/week
No compensation reported
Former officers (6)
- Former: David Burkhart (2022–2024) — Trustee
- Former: Erik Frankson (2020–2021) — Trustee
- Former: Greg Sutherland (2020–2021) — Trustee
- Former: Mike Grisham (2020–2021) — Chairperson
- Former: Sue Crow (2020–2021) — Trustee
- Former: Terry Duncan (2020–2021) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: PO Box 911, Bay City, TX 77404-0911
Phone: (979) 245-4627
Frequently asked questions about Richard & Florence C Gusman Trust
How much does Richard & Florence C Gusman Trust give each year?
Richard & Florence C Gusman Trust gave $32K across 11 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $36K across 11 grants.
What is Richard & Florence C Gusman Trust's typical grant size?
Richard & Florence C Gusman Trust's median grant in 2025 was $971, and its average grant was $2,944, across 11 grants on its 2025 IRS Form 990-PF.
Where does Richard & Florence C Gusman Trust give grants?
Richard & Florence C Gusman Trust gives mostly in Texas: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Bay City, TX (8 grants).
Does Richard & Florence C Gusman Trust give general operating support?
Yes: 82% of Richard & Florence C Gusman Trust's 2025 grants with a stated purpose (9 of 11) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Richard & Florence C Gusman Trust's largest grantees?
Richard & Florence C Gusman Trust's largest 2025 grantees include First United Methodist Ch ($15,157), Matagorda County Museum ($8,097) and Bay City Library Assn ($2,591), according to its 2025 IRS Form 990-PF. Together they received 80% of its itemized 2025 grant dollars.
How large is Richard & Florence C Gusman Trust?
Richard & Florence C Gusman Trust reported $847K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $34K.
What does Richard & Florence C Gusman Trust fund?
The trust does not state a mission in the available information. Its 2025 filing describes its direct charitable activity as distributing income each year to the organizations listed on an attached schedule. See mission & focus areas ↑
How do I apply for a grant from Richard & Florence C Gusman Trust?
The trust makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Richard & Florence C Gusman Trust's EIN?
Richard & Florence C Gusman Trust's EIN (Employer Identification Number) is 74-6333961. IRS Form 990 filing data is available on this page for 2020–2025.
Does Richard & Florence C Gusman Trust 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.
Here's the math on researching Richard & Florence C Gusman Trust by hand.
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