The DeBakey Medical Foundation is a private foundation focused on Education, based in HOUSTON, TX. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $13.6M in total assets. In 2025, it awarded 9 grants totaling $3.9M. Net investment income was $1.5M.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$13.6M
-4.6% YoY
Annual Giving
$3.9M
+8.1% YoY
Grant Count
9
+12.5% YoY
Avg Grant Size
$438K
-3.9% YoY
Under IRS private-foundation payout rules, The DeBakey Medical Foundation reported a distributable amount of $4.5M for 2025 — the minimum it must pay out in qualifying distributions.
About The DeBakey Medical Foundation
Based on IRS filings
The DeBakey Medical Foundation is a private foundation focused on Education, based in HOUSTON, TX. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $13.6M in total assets. In 2025, it awarded 9 grants totaling $3.9M. Net investment income was $1.5M.
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 | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $13,633,953 | $14,289,371 | $14,970,152 |
| Revenue | $1,966,131 | $2,057,593 | $1,830,239 |
| Expenses | $4,592,382 | $4,173,871 | $3,651,521 |
| Qualifying Distributions | $4,144,887 | $3,754,483 | $3,341,076 |
| Net Investment Income | $1,536,029 | $1,667,871 | $1,519,794 |
| Distributable Amount | $4,519,134 | $4,044,582 | $3,719,402 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
Grant Size Distribution
35 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Baylor College of Medicine ($1,999,736), Baylor College of Medicine ($500,000), Baylor University ($350,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Baylor College of Medicine Houston, TX | Micheal E. DeBakey Library and Museum and new medical school building | $1,999,736 |
| Baylor College of Medicine Houston, TX | George P. Noon, M.D. Endowed Chair in Surgery | $500,000 |
| Baylor College of Medicine Houston, TX | Surgery Endowment | $300,000 |
| Baylor College of Medicine Houston, TX | Construction of the Cullen Tower | $300,000 |
| Baylor College of Medicine Houston, TX | Michael E. DeBakey Excellence in Research Awards | $100,000 |
| Baylor College of Medicine Houston, TX | DeBakey Summer Student Program | $40,000 |
| Baylor University Waco, TX | Medical Humanities Program in the College of Arts and Sciences | $350,000 |
| The John P McGovern Museum of Health and Medical Science Houston, TX | Supporting the Michael E. DeBakey Cell Lab | $200,000 |
| Houston Methodist Hospital Foundation Houston, TX | Houston Methodist Endowment | $150,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Dr Herbert D Short III | Pres/Trustee | 10 | $100,000 |
| Dr George P Noon | Treas/Trustee | 1 | $10,000 |
| Dr Charles H McCollum | Sec/Trustee | 1 | $10,000 |
| William H Caudill | Trustee | 1 | $10,000 |
| David R Lummis | Trustee | 1 | $10,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The DeBakey Medical Foundation?
The DeBakey Medical Foundation is a private foundation focused on Education, based in HOUSTON, TX. It holds $13.6M in total assets as of 2025.
How large is The DeBakey Medical Foundation?
As of 2025, The DeBakey Medical Foundation holds $13.6M in total assets with $2.0M in annual revenue. It awarded 9 grants totaling $3.9M in 2025.
Where does The DeBakey Medical Foundation operate?
The DeBakey Medical Foundation has awarded grants in Maryland, Texas.
What size grants does The DeBakey Medical Foundation award?
In 2025, The DeBakey Medical Foundation awarded 9 grants totaling $3.9M — an average of about $438K per grant, based on its IRS Form 990 filings.
How much is The DeBakey Medical Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, The DeBakey Medical Foundation reported a distributable amount of $4.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The DeBakey Medical Foundation's EIN?
The DeBakey Medical Foundation's EIN (Employer Identification Number) is 74-6053822. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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