The 40 Foundation
The 40 Foundation is a private foundation focused on Education, based in Baytown, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $5K in total assets. In 2025, it awarded 2 grants totaling $1K.
The 40 Foundation at a glance
In short: The 40 Foundation gave $1K across 2 grants in 2025 (avg $500), mostly in Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,000
- +100.0% vs 2024
- Grants made (2025)
- 2
- +100.0% vs 2024
- Average grant
- $500
- +0.0% vs 2024
- Median grant
- $500
- Total assets
- $4,504
- -12.2% vs 2024
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The 40 Foundation funds
How this funder distributes its grants
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 6 grants of 6 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How The 40 Foundation gives
- Giving fell 80% from 2022 to 2025. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $500 (2024) to $8K (2021). In 2025 it made 2 grants totaling $1K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 2 individual scholarships Recipients not named | — | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants |
|---|---|---|---|---|---|
| 2025 | $4,504 | $1,100 | $1,723 | $1,000 | 2 |
| 2024 | $5,127 | $2,000 | $1,529 | $500 | 1 |
| 2023 | $4,156 | $2,500 | $3,752 | $1,000 | 1 |
| 2022 | $5,408 | $4,450 | $7,006 | $5,000 | 1 |
| 2021 | $7,964 | $6,950 | $9,772 | $8,000 | 1 |
| 2020 | $2,786 | $6,425 | $10,375 | $8,000 | 1 |
Leadership & Key People
Officers and directors from IRS filings
The 40 Foundation is led by Brett Dolan, President on every filing since 2020; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Brett Dolan
President
On filings since 2020
No compensation reported
Sheri Elter
Director
On filings since 2020
No compensation reported
Ashley Dolan
Treasurer
On filings since 2020
No compensation reported
Cathy Dolan
Vice President
On filings since 2020
No compensation reported
Former officers (2)
- Former: David Elter (2020–2022) — Director
- Former: Jared Dixon (2020–2022) — Secretary
Data from IRS Form 990 filings, 2020–2025. "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 The 40 Foundation
How much does The 40 Foundation give each year?
The 40 Foundation gave $1K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $500 across 1 grant.
How large is The 40 Foundation?
The 40 Foundation reported $5K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $1K.
What is The 40 Foundation?
The 40 Foundation is a private foundation focused on Education, based in Baytown, TX. It holds $5K in total assets as of 2025.
Where does The 40 Foundation operate?
The 40 Foundation has awarded grants in Texas.
What is The 40 Foundation's EIN?
The 40 Foundation's EIN (Employer Identification Number) is 83-0949650. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in The 40 Foundation's focus areas in our free grants database
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