The Charles E Jacobs Foundation is a private independent foundation established in October 1999 and granted tax-exempt status in March 2000. Based in Albany, Texas, the foundation was named for Charles Edwin "Chuck" Jacobs (1922-2015), a successful oilman and community leader. The foundation operates as a 501(c)(3) organization dedicated to supporting community projects, with a particular focus on local initiatives in Texas.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$16.5M
-2.0% YoY
Annual Giving
$1.1M
-5.7% YoY
Grant Count
32
+18.5% YoY
Avg Grant Size
$35K
-20.5% YoY
Under IRS private-foundation payout rules, The Charles E Jacobs Foundation reported a distributable amount of $921K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation has not provided a formal mission statement. However, its funding priorities center on:
- Education
- Health Care
- Community Development
- Arts and Culture
The foundation consistently dedicates over 99% of its expenses to charitable purposes.
Grantmaking
The foundation does not have a publicly available application process. It operates as a private family foundation, with grants awarded at the discretion of the board of trustees based on their knowledge of community needs and organizational relationships. The foundation does not maintain a publicly available website or email address.
Grant Range
Range:**
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Texas, with particular emphasis on Albany and surrounding areas.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $16,490,668
- Total Revenue: $783,599
- Total Expenses: $1,124,635
- Total Liabilities: $0
Revenue Breakdown (2024):
- Investment Income and Dividends: $745,725
- Net Gain from Sale of Non-Inventory Assets: $37,874
- Total Grants and Contributions: $0
As of December 2023:
- Total Assets: (not specified in sources)
- Total Revenue: $31,997
- Total Expenses: (not specified in sources)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $16,490,668 | $16,831,704 | $17,990,221 |
| Revenue | $783,599 | $31,997 | $4,604,976 |
| Expenses | $1,124,635 | $1,190,514 | $1,562,186 |
| Qualifying Distributions | $1,116,600 | $1,184,500 | $1,501,250 |
| Net Investment Income | $775,564 | $497,661 | $2,894,836 |
| Distributable Amount | $921,124 | $892,467 | $1,098,843 |
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
103 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Old Jail Art Center ($525,000), City of Albany ($360,000), Shackelford County ($40,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALBANY BASEBALL ASSOCIATION ALBANY, TX | YOUTH BASEBALL | $10,000 |
| ALBANY CHURCH OF CHRIST ALBANY, TX | RELIGIOUS | $2,300 |
| ALBANY COMMUNITY CHEST ALBANY, TX | UNITED WAY | $5,000 |
| ALBANY INDEPENDENT SCHOOL DISTRICT ALBANY, TX | EDUCATION | $18,000 |
| ALBANY LIONS CLUB ALBANY, TX | EDUCATION | $1,000 |
| ALBANY LIVE INC ALBANY, TX | JUJITSU EDUCATION | $5,000 |
| ALBANY METHODIST CHURCH ALBANY, TX | RELIGIOUS | $4,200 |
| ALBANY MINISTERIAL ALLIANCE ALBANY, TX | FOOD BASKETS FOR NEEDY | $3,000 |
| ALBANY NATIVITY ASSOCIATION ALBANY, TX | RELIGIOUS | $2,500 |
| ALBANY STEPPING STONES INC ALBANY, TX | EDUCATION | $2,500 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Glenn A Picquet - President (joined forces with C.E. Jacobs in 1975 and managed their joint portfolio from 1986 onwards)
- Marcia Carol Brewer Jacobs - Secretary
- Dan Neff - Vice President/Treasurer
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GLENN A PICQUET | PRESIDENT | 1 | — |
| MARCIA CAROL BREWER JACOBS | SECRETARY | 0.5 | — |
| DAN NEFF | VP/TREASURER | 0.5 | — |
Contact Information
Mailing Address: PO Box 2770 Albany, TX 76430-8037
Phone: 347-762-3917
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Charles E Jacobs Foundation fund?
The foundation has not provided a formal mission statement. However, its funding priorities center on: • Education • Health Care • Community Development • Arts and Culture The foundation consistently dedicates over 99% of its expenses to charitable purposes.
How do I apply for a grant from The Charles E Jacobs Foundation?
**Grant Activity:** • Made 19 grants in 2024 • Made 27 awards in 2023 • Made 23 awards in 2022 • Total giving in 2024: $1,116,600 • Total giving in 2023: $1,184,500 **Grant Size Range:** • Typical awards range from $250 to $732,500 • Median grant amount varies by year **Recent Grants (2024):** • Old Jail Art Center: $525,000 (Art Education) • The Feed Store: $20,000 (Youth) • Fort Griffin Fandangle Association: $15,000 (Theatrical Production) • Albany Independent School District: (amount not sp…
Where does The Charles E Jacobs Foundation make grants?
The foundation primarily funds organizations in Texas, with particular emphasis on Albany and surrounding areas.
What size grants does The Charles E Jacobs Foundation award?
In 2024, The Charles E Jacobs Foundation awarded 32 grants totaling $1.1M — an average of about $35K per grant, based on its IRS Form 990 filings.
How much is The Charles E Jacobs Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Charles E Jacobs Foundation reported a distributable amount of $921K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Charles E Jacobs Foundation's EIN?
The Charles E Jacobs Foundation's EIN (Employer Identification Number) is 75-2859040. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Charles E Jacobs Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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