The Credence Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BELLAIRE, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $936K in total assets. In 2024, it awarded 23 grants totaling $271K. Net investment income was $156K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$936K
-11.2% YoY
Annual Giving
$271K
+304.9% YoY
Grant Count
23
-11.5% YoY
Avg Grant Size
$12K
+357.8% YoY
Under IRS private-foundation payout rules, The Credence Foundation reported a distributable amount of $61K for 2024 — the minimum it must pay out in qualifying distributions.
About The Credence Foundation
Based on IRS filings
The Credence Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BELLAIRE, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $936K in total assets. In 2024, it awarded 23 grants totaling $271K. Net investment income was $156K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $936,470 | $1,054,483 | $1,010,817 |
| Revenue | $164,790 | $123,707 | $220,770 |
| Expenses | $279,254 | $74,174 | $97,823 |
| Qualifying Distributions | $271,392 | $67,021 | $90,755 |
| Net Investment Income | $156,469 | $116,621 | $114,405 |
| Distributable Amount | $60,623 | $55,273 | $56,162 |
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
142 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Luis Del Cid ($181,320), Priscilla De La Cruz ($42,610), Catholic Charities Usa ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CATHERINE'S HOUSE INC BELMONT, NC | PROVIDE FUNDS FOR TRANSITIONAL HOUSING FOR HOMELESS WOMEN AND CHILDREN | $1,000 |
| CORNELIUS FAULKNER HOUSTON, TX | PAYMENTS FOR HOUSING | $2,815 |
| CYNTHIA ROMERO HOUSTON, TX | PAYMENT FOR HOUSING | $2,499 |
| INDIGENT PERSON HOMELESS HOUSTON, TX | PAYMENT FOR FOOD | $58 |
| MOVING WATERS INC CYPRESS, TX | PROVIDE FUNDS TO IMPROVE THE QUALITY OF LIFE FOR HOMELESS PEOPLE BY PROVIDING SHOWERS, VIA A MOBILE SHOWER SERVICE, HYGIENE PRODUCTS, & ESSENTIAL CLOTHING | $1,000 |
| NAZARIO CHACACH HOUSTON, TX | PAYMENTS FOR HOUSING AND FOOD | $1,013 |
| KOURTNEY COLE HOUSTON, TX | PAYMENT FOR HOUSING | $2,000 |
| MARIA CRUZ HOUSTON, TX | PAYMENT FOR HOUSING | $1,764 |
| PRISCILLA DE LA CRUZ HOUSTON, TX | PAYMENT FOR AUTO LOAN PAYOFF | $42,610 |
| LUIS DEL CID STAFFORD, TX | PAYMENTS FOR UTILITIES, CAR, CAR INSURANCE, AND HOME MORTGAGE PAYOFF | $181,320 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CYNTHIA L RUDER | PRESIDENT | 2.8 | — |
| TERRENCE L RUDER | SECRETARY/TREASURER | 4 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Credence Foundation?
The Credence Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BELLAIRE, TX. It holds $936K in total assets as of 2024.
How large is The Credence Foundation?
As of 2024, The Credence Foundation holds $936K in total assets with $165K in annual revenue. It awarded 23 grants totaling $271K in 2024.
Where does The Credence Foundation operate?
The Credence Foundation has awarded grants in California, Florida, Maryland, North Carolina, Oklahoma, Texas, Virginia.
What size grants does The Credence Foundation award?
In 2024, The Credence Foundation awarded 23 grants totaling $271K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is The Credence Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Credence Foundation reported a distributable amount of $61K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Credence Foundation's EIN?
The Credence Foundation's EIN (Employer Identification Number) is 27-2931971. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Credence Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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