Richard & Florence C Gusman Trust

Private foundation · Grantmaker Bay City, TX EIN: 74-6333961

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.

Research compiled by Grantable AI from public sources. Last updated September 2026.

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.

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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

1state

Share of 2025 grant dollars across all 11 itemized grants.

States

Cities

Bay CityGeorgetownVictoriaWaco

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K$40K11 grants2020 11 grants2021 11 grants2022 11 grants2023 11 grants2024 11 grants2025

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

First United Methodist Ch: $15KFirst United Methodist Ch$15KMatagorda County Museum: $8KMatagorda County Museum$8KBay City Library Assn: $3KBay City Library Assn$3KSouthwestern University: $3KSouthwestern University$3KBay City Little League Assoc: $972Bay City Little League Assoc$972Bay City Volunteer Fire D: $971Bay City Volunteer Fire D$971Methodist Home Orphanage: $648Methodist Home Orphanage$648Matagorda County Fair & Livestock a: $648Matagorda County Fair &Livestock a$648Bay City 100 Club: $259Bay City 100 Club$259American Cancer Society: $227American Cancer Society$227

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

55<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 55 grants of 55 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
First United Methodist Ch Bay City, TXGeneral Operating Fund$15,157
Matagorda County Museum Bay City, TXGeneral Operating Fund$8,097
Bay City Library Assn Bay City, TXEndowment Fund$2,591
Southwestern University Georgetown, TXScholarship Fund$2,591
Bay City Little League Assoc Bay City, TXGeneral Operating Fund$972
Bay City Volunteer Fire D Bay City, TXGeneral Operating Fund$971
Methodist Home Orphanage Waco, TXGeneral Operating Fund$648
Matagorda County Fair & Livestock a Bay City, TXGeneral Operating Fund$648
Bay City 100 Club Bay City, TXGeneral Operating Fund$259
American Cancer Society Victoria, TXGeneral 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
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K2020 2021 2022 2023 2024 2025
Metric202520242023
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

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS June 11, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 8, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
  6. 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.

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