Spec's Charitable Foundation
Spec's Charitable Foundation is a private foundation, based in Houston, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.6M in total assets. In 2024, it awarded 4 grants totaling $1.6M. Net investment income was $302K.
Key facts about Spec's Charitable Foundation
In short: Spec's Charitable Foundation gave $1.6M across 4 grants in 2024 (avg $394K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- EIN
- 76-0488033
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,575,000
- Grants made (2024)
- 4
- Average grant
- $393,750
- Median grant
- $385,000
- Total assets
- $4,598,344
- Primary geography
- Texas (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.6M
+7.9% YoY
Annual Giving
$1.6M
+4.1% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$394K
+4.1% YoY
Under IRS private-foundation payout rules, Spec's Charitable Foundation reported a distributable amount of $232K for 2024 — the minimum it must pay out in qualifying distributions.
How Spec's Charitable Foundation gives
- Giving grew 36% from 2021 to 2024. Method
- In 2024 it paid out 678% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $1.2M (2021) to $1.6M (2024). In 2024 it made 4 grants totaling $1.6M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was ArchDiocese of Galveston ($735K). Together the top 4 received $1.6M.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was in the $500K–1M range: 7 grants of 20 (35%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| ArchDiocese of Galveston Houston, TX | Educational Purposes | $735,000 |
| Houston Symphony Outreach Houston, TX | Educational Purposes | $650,000 |
| U of H Conrad Hilton School Houston, TX | Educational Purposes | $120,000 |
| University of North Texas Foundation Denton, TX | Educational Purposes | $70,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,598,344 | $4,262,667 | $4,076,623 |
| Revenue | $2,693,573 | $2,113,658 | $2,086,647 |
| Expenses | $2,088,919 | $1,951,161 | $1,899,841 |
| Qualifying Distributions | $1,575,000 | $1,896,250 | $1,536,597 |
| Net Investment Income | $301,629 | $48,035 | $271,989 |
| Distributable Amount | $232,149 | $210,117 | $181,070 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Spec's Charitable Foundation is led by Karen Lynn Rydman, President on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Karen Lynn Rydman
President
On filings since 2020
No compensation reported
John A. Rydman
Vice President
On filings since 2020
No compensation reported
Lisa R Key
Secretary & Treasurer
On filings since 2020
No compensation reported
Robert J. Heisler
Vice President
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Spec's Charitable Foundation
How much does Spec's Charitable Foundation give each year?
Spec's Charitable Foundation gave $1.6M across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.5M across 4 grants.
What is Spec's Charitable Foundation's typical grant size?
Spec's Charitable Foundation's median grant in 2024 was $385,000, and its average grant was $393,750, across 4 grants on its 2024 IRS Form 990-PF.
Where does Spec's Charitable Foundation give grants?
Spec's Charitable Foundation gives mostly in Texas: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Houston, TX (3 grants).
Does Spec's Charitable Foundation give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on Spec's Charitable Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Educational Purposes" (4 grants).
How large is Spec's Charitable Foundation?
Spec's Charitable Foundation reported $4.6M in total assets on its 2024 IRS Form 990-PF. It paid out $1.6M in qualifying distributions that year, against a required minimum of $232K (roughly 5% of its investment assets).
What is Spec's Charitable Foundation's EIN?
Spec's Charitable Foundation's EIN (Employer Identification Number) is 76-0488033. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Spec's Charitable Foundation by hand.
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