Terrell Foundation

Foundation · Grantmaker Stephenville, TX EIN: 75-6036585

Terrell Foundation is a private foundation, based in Stephenville, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $915K in total assets. In 2024, it awarded 22 grants totaling $51K. Net investment income was $21K.

Key facts about Terrell Foundation

EIN: 75-6036585
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $51,050
Grants made (2024): 22
Average grant: $2,320
Median grant: $2,000
New grantees (estimate): 23% first-time grantees (5 of 22, 2024)
Total assets: $915,499
Primary geography: Texas (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Who Terrell Foundation funds

By grant dollars, the top recipient states for Terrell Foundation's 22 itemized 2024 grants were Texas (100%). The most frequent recipient cities were Stephenville, TX (14 grants), Dublin, TX (3 grants) and Bluff Dale, TX (2 grants). None of its 22 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable" (19 grants).

Is Terrell Foundation open to new grantees?

23%

first-time grantees, 2024

In 2024, 5 of 22 grantees (23%) were first-time recipients. First grants averaged $3K; repeat grants $2K. How we count

Medians: $2K first-time, $2K repeat.

68% of 2024 grantees were also funded in 2023. Method
Giving grew 137% from 2021 to 2024. Method
In 2024 it paid out 95% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Next steps with Terrell Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$915K

+2.5% YoY

Annual Giving

$51K

+12.1% YoY

Grant Count

-4.3% YoY

Avg Grant Size

$2K

+17.2% YoY

Under IRS private-foundation payout rules, Terrell Foundation reported a distributable amount of $54K for 2024 — the minimum it must pay out in qualifying distributions.

About Terrell Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $51K (100%)

Share of all 22 itemized 2024 grant dollars.

States

Texas

Cities

StephenvilleDublinAbileneGranburyBluff DaleDeleonLinglevilleStepenvilleStephebnville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$915,499	$893,009	$948,945
Revenue	$82,949	$9	$38,396
Expenses	$60,502	$55,529	$66,714
Qualifying Distributions	$51,050	$45,550	$56,280
Net Investment Income	$20,910	$14,728	$27,962
Distributable Amount	$53,860	$48,268	$49,105

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2020–2024

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

105 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Erath County Habitat for Humanity ($10,000), Wesley Foundation ($4,000), Stephenville Independent School ($3,015).

Recipient	Purpose	Amount
ERATH COUNTY HABITAT FOR HUMANITY Stephenville, TX	CHARITABLE	$10,000
WESLEY FOUNDATION Stephenville, TX	CHARITABLE	$4,000
STEPHENVILLE INDEPENDENT SCHOOL Stephenville, TX	EDUCATION	$3,015
KEEP STEPHENVILLE BEAUTIFUL Stephenville, TX	CHARITABLE	$3,000
DUBLIN PUBLIC LIBRARY Dublin, TX	CHARITABLE	$2,500
ERATH COUNTY HUMANE SOCIETY Stephenville, TX	CHARITABLE	$2,500
HOPE INC Stephenville, TX	CHARITABLE	$2,500
LINGLEVILLE ISD PTO Lingleville, TX	EDUCATIONAL	$2,500
CROSS TIMBERS FINE ARTS COUNCIL Stephenville, TX	CHARITABLE	$2,000
FIRST UNITED METHODIST TREE Stephenville, TX	CHARITABLE	$2,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Nicki Beth Jones	Chairperson	—	—
Frank Terrell	Trustee	—	—
Penny Elliott	Trustee	—	—
Alisa T Starbird	Trustee	—	—
Gary Sult	Trustee	—	—
William Kendall Nix	Trustee	—	—

Frequently Asked Questions

How large is Terrell Foundation?

As of 2024, Terrell Foundation holds $915K in total assets with $83K in annual revenue. It awarded 22 grants totaling $51K in 2024.

Where does Terrell Foundation operate?

Terrell Foundation has awarded grants in Texas.

What size grants does Terrell Foundation award?

In 2024, Terrell Foundation awarded 22 grants totaling $51K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Terrell Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Terrell Foundation reported a distributable amount of $54K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.