Saramco Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.9M in total assets. In 2024, it awarded 12 grants totaling $460K. Net investment income was $770K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.9M
+10.2% YoY
Annual Giving
$460K
+7.0% YoY
Grant Count
12
+9.1% YoY
Avg Grant Size
$38K
-1.9% YoY
Under IRS private-foundation payout rules, Saramco Foundation reported a distributable amount of $419K for 2024 — the minimum it must pay out in qualifying distributions.
About Saramco Foundation
Based on IRS filings
Saramco Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.9M in total assets. In 2024, it awarded 12 grants totaling $460K. Net investment income was $770K.
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 | $4,908,868 | $4,452,977 | $4,628,193 |
| Revenue | $780,139 | $335,033 | $642,944 |
| Expenses | $471,935 | $437,033 | $429,197 |
| Qualifying Distributions | $460,000 | $430,000 | $420,000 |
| Net Investment Income | $770,193 | $203,028 | $364,335 |
| Distributable Amount | $418,649 | $364,110 | $361,449 |
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
55 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Small Steps Nurturing Center ($105,000), Yellowstone Academy ($90,000), Cristo Rey Jesuit ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| KIPP Academy Dallas, TX | General Charitable Purpose | $20,000 |
| Small Steps Nurturing Center Houston, TX | General Charitable Purpose | $105,000 |
| Small Steps Nurturing Center Foundation Houston, TX | General Charitable Purpose | $25,000 |
| Yellowstone Academy Houston, TX | General Charitable Purpose | $90,000 |
| Cristo Rey Jesuit Houston, TX | General Charitable Purpose | $50,000 |
| The Nehemiah Center Houston, TX | General Charitable Purpose | $10,000 |
| Chinquapin Preparatory School Highlands, TX | General Charitable Pupose | $25,000 |
| Harbour Christian Academy Houston, TX | General Charitable Purpose | $50,000 |
| PC Tots Park City, UT | General Charitable Purpose | $30,000 |
| Search Homeless Services Houston, TX | General Charitable Purpose | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES A GILLIGAN | President | 2 | — |
| JULIE GILLIGAN | Secretary | 1 | — |
| SARAH SIKORSKI | Officer | 1 | — |
| AMY MACON | Officer | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Saramco Foundation?
Saramco Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. It holds $4.9M in total assets as of 2024.
How large is Saramco Foundation?
As of 2024, Saramco Foundation holds $4.9M in total assets with $780K in annual revenue. It awarded 12 grants totaling $460K in 2024.
Where does Saramco Foundation operate?
Saramco Foundation has awarded grants in Illinois, Texas, Utah.
What size grants does Saramco Foundation award?
In 2024, Saramco Foundation awarded 12 grants totaling $460K — an average of about $38K per grant, based on its IRS Form 990 filings.
How much is Saramco Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Saramco Foundation reported a distributable amount of $419K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Saramco Foundation's EIN?
Saramco Foundation's EIN (Employer Identification Number) is 20-8358255. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Saramco 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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