Spears Charitable Trust

LUBBOCK, TX EIN: 75-2445912

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

+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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $364K (64%)

Indiana $107K (19%)

Oklahoma $50K (9%)

Mississippi $12K (2%)

Wisconsin $12K (2%)

District of Columbia $10K (2%)

Iowa $8K (1%)

North Carolina $7K (1%)

+1 more states

States

District of Columbia Iowa Indiana Minnesota Mississippi North Carolina Oklahoma Texas Wisconsin

Cities

Albert LeaBooneCharlotteDallasDes MoinesIndianapolisLake DallasLubbockMilwaukeeSan AntonioShawneeTupeloWacoWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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.