Rita Mallett Blasser Foundationinc

HOUSTON, TX EIN: 87-4053574

Rita Mallett Blasser Foundationinc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 7 grants totaling $67K. Net investment income was $91K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.1M

+0.4% YoY

Annual Giving

$67K

+34.0% YoY

Grant Count

+40.0% YoY

Avg Grant Size

$10K

-4.3% YoY

Under IRS private-foundation payout rules, Rita Mallett Blasser Foundationinc reported a distributable amount of $53K for 2024 — the minimum it must pay out in qualifying distributions.

About Rita Mallett Blasser Foundationinc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $87K (74%)

New York $30K (26%)

States

New York Texas

Cities

AustinCommerceDallasHoustonNew York

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,112,391	$1,107,704	$700
Revenue	$101,985	$1,137,053	$1,000
Expenses	$153,482	$88,286	$300
Qualifying Distributions	$67,000	$50,000	—
Net Investment Income	$91,473	$65,620	—
Distributable Amount	$53,217	—	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Grant Size Distribution

12 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Tea Fund ($20,000), Mildred's Umbrella ($10,000), Ensemble Theatre ($10,000).

Recipient	Purpose	Amount
INPRINT INC HOUSTON, TX	LITERARY SUPPORT	$7,000
TEA FUND DALLAS, TX	HEALTHCARE SUPPORT	$20,000
MILDRED'S UMBRELLA HOUSTON, TX	FINE ARTS SUPPORT	$10,000
ENSEMBLE THEATRE HOUSTON, TX	FINE ARTS SUPPORT	$10,000
DRESS FOR SUCCESS HOUSTON HOUSTON, TX	WOMEN'S PROFESSIONAL SUPPORT	$5,000
WRITERS IN THE SCHOOLS HOUSTON, TX	LITERARY SUPPORT	$5,000
HOUSTON YOUTH SYMPHONY HOUSTON, TX	FINE ARTS 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
LISA LAX	DIRECTOR	6	$60,000
SUSAN BAIRD	DIRECTOR	1	$2,000

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Rita Mallett Blasser Foundationinc?

Rita Mallett Blasser Foundationinc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. It holds $1.1M in total assets as of 2024.

How large is Rita Mallett Blasser Foundationinc?

As of 2024, Rita Mallett Blasser Foundationinc holds $1.1M in total assets with $102K in annual revenue. It awarded 7 grants totaling $67K in 2024.

Where does Rita Mallett Blasser Foundationinc operate?

Rita Mallett Blasser Foundationinc has awarded grants in New York, Texas.

What size grants does Rita Mallett Blasser Foundationinc award?

In 2024, Rita Mallett Blasser Foundationinc awarded 7 grants totaling $67K — an average of about $10K per grant, based on its IRS Form 990 filings.

How much is Rita Mallett Blasser Foundationinc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Rita Mallett Blasser Foundationinc reported a distributable amount of $53K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Rita Mallett Blasser Foundationinc's EIN?

Rita Mallett Blasser Foundationinc's EIN (Employer Identification Number) is 87-4053574. IRS Form 990 filing data is available on this page for 2021–2024.