Spears Charitable Trust
Spears Charitable Trust is a private foundation, based in LUBBOCK, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 14 grants totaling $124K. Net investment income was $172K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.7M
+1.8% YoY
Annual Giving
$124K
-4.9% YoY
Grant Count
14
+0.0% YoY
Avg Grant Size
$9K
-4.9% YoY
Under IRS private-foundation payout rules, Spears Charitable Trust reported a distributable amount of $142K for 2024 — the minimum it must pay out in qualifying distributions.
About Spears Charitable Trust
Based on IRS filings
Spears Charitable Trust is a private foundation, based in LUBBOCK, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 14 grants totaling $124K. Net investment income was $172K.
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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 | $2,700,838 | $2,653,990 | $2,461,702 |
| Revenue | $174,305 | $324,933 | $505,479 |
| Expenses | $127,457 | $132,645 | $106,261 |
| Qualifying Distributions | $124,005 | $130,365 | $102,000 |
| Net Investment Income | $172,153 | $74,931 | $31,340 |
| Distributable Amount | $142,044 | $125,946 | $115,264 |
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
67 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Texas Baptist Missions Foundation ($20,000), Pre-born ($17,000), First Baptist Church ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FIRST BAPTIST CHURCH LUBBOCK, TX | GENERAL OPERATIONS | $10,000 |
| MURPHY MINISTRIES LUBBOCK, TX | GENERAL PURPOSES | $5,000 |
| OKLAHOMA BAPTIST UNIVERSITY SHAWNEE, OK | SCHOLARSHIP | $10,000 |
| WAYLAND BAPTIST UNIVERSITY LUBBOCK, TX | SCHOLARSHIP | $5,005 |
| BAYLOR UNIVERSITY WACO, TX | SCHOLARSHIP | $10,000 |
| GENERATION NEXT LAKE DALLAS, TX | GENERAL OPERATIONS | $10,000 |
| PRE-BORN INDIANAPOLIS, IN | GENERAL PURPOSES | $17,000 |
| TEXAS BAPTIST MISSIONS FOUNDATION DALLAS, TX | GENERAL PURPOSES | $20,000 |
| PARTNERS IN DEVELOPMENT WORLDWIDE LUBBOCK, TX | GENERAL OPERATIONS | $2,000 |
| REDEEMER CHURCH LUBBOCK, TX | GENERAL OPERATIONS | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CATHLEEN SPEARS | CO-TRUSTEE | — | — |
Frequently Asked Questions
How large is Spears Charitable Trust?
As of 2024, Spears Charitable Trust holds $2.7M in total assets with $174K in annual revenue. It awarded 14 grants totaling $124K in 2024.
Where does Spears Charitable Trust operate?
Spears Charitable Trust has awarded grants in District of Columbia, Iowa, Indiana, Minnesota, Mississippi, North Carolina, Oklahoma, Texas, Wisconsin.
What size grants does Spears Charitable Trust award?
In 2024, Spears Charitable Trust awarded 14 grants totaling $124K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Spears Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Spears Charitable Trust reported a distributable amount of $142K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Spears Charitable Trust's EIN?
Spears Charitable Trust's EIN (Employer Identification Number) is 75-2445912. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Spears Charitable Trust'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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