Susan L Canole Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WESTLAKE, TX. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $373K in total assets.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$373K
+118.3% YoY
Revenue
$359K
+91.6% YoY
Net Investment Income
—
Expenses
$157K
+228.9% YoY
Under IRS private-foundation payout rules, Susan L Canole Foundation reported a distributable amount of $10K for 2024 — the minimum it must pay out in qualifying distributions.
About Susan L Canole Foundation
Based on IRS filings
Susan L Canole Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WESTLAKE, TX. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $373K in total assets.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $372,509 | $170,654 | $31,136 |
| Revenue | $358,660 | $187,190 | $36,831 |
| Expenses | $156,805 | $47,672 | $5,695 |
| Qualifying Distributions | — | $38,438 | $5,471 |
| Net Investment Income | — | — | — |
| Distributable Amount | $10,230 | $3,788 | $931 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RAY CANOLE | PRESIDENT | — | — |
| NICK BILLARDELLO | TREASURER | — | — |
| KELLY MCBRIDE-HAWKINSON | SECRETARY | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Susan L Canole Foundation?
Susan L Canole Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in WESTLAKE, TX. It holds $373K in total assets as of 2024.
How large is Susan L Canole Foundation?
As of 2024, Susan L Canole Foundation holds $373K in total assets with $359K in annual revenue.
Where does Susan L Canole Foundation operate?
Susan L Canole Foundation has awarded grants in Texas.
How much is Susan L Canole Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Susan L Canole Foundation reported a distributable amount of $10K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Susan L Canole Foundation's EIN?
Susan L Canole Foundation's EIN (Employer Identification Number) is 87-3219334. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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