The Gragg Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALESTINE, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.7M in total assets. In 2024, it awarded 20 grants totaling $203K. Net investment income was $266K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.7M
+4.5% YoY
Annual Giving
$203K
-3.6% YoY
Grant Count
20
-4.8% YoY
Avg Grant Size
$10K
+1.3% YoY
Under IRS private-foundation payout rules, The Gragg Foundation reported a distributable amount of $205K for 2024 — the minimum it must pay out in qualifying distributions.
About The Gragg Foundation
Based on IRS filings
The Gragg Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALESTINE, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.7M in total assets. In 2024, it awarded 20 grants totaling $203K. Net investment income was $266K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,723,075 | $3,563,418 | $3,526,724 |
| Revenue | $255,270 | $217,597 | $190,692 |
| Expenses | $206,697 | $213,146 | $216,699 |
| Qualifying Distributions | $203,800 | $211,250 | $212,215 |
| Net Investment Income | $266,188 | $179,473 | $164,241 |
| Distributable Amount | $204,982 | $191,846 | $199,535 |
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 St Vincent De Paul Society ($20,000), Meals on Wheels of Palestine Inc ($13,000), The Stockpot of Palestine Inc ($13,000).
| Recipient | Purpose | Amount |
|---|---|---|
| LA POYNER HIGH SCHOOL LARUE, TX | SCHOLARSHIPS | $10,000 |
| OAKWOOD HIGH SCHOOL OAKWOOD, TX | SCHOLARSHIPS | $10,000 |
| WESTWOOD HIGH SCHOOL PALESTINE, TX | SCHOLARSHIPS | $10,000 |
| CAYUGA HIGH SCHOOL CAYUGA, TX | SCHOLARSHIPS | $10,000 |
| NECHES HIGH SCHOOL NECHES, TX | SCHOLARSHIPS | $10,000 |
| ELKHART HIGH SCHOOL ELKHART, TX | SCHOLARSHIPS | $10,000 |
| FRANKSTON HIGH SCHOOL FRANKSTON, TX | SCHOLARSHIPS | $10,000 |
| ANDERSON COUNTY HUMANE SOCIETY PALESTINE, TX | GENERAL & UNRESTRICTED | $6,000 |
| MEALS ON WHEELS OF PALESTINE INC PALESTINE, TX | GENERAL & UNRESTRICTED | $13,000 |
| CHEROKEE & ANDERSON COUNTY CRISIS CENTER INC JACKSONVILLE, TX | GENERAL & UNRESTRICTED | $8,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LAURA HAILEY | PRES/DIR | 1 | — |
| CODY D BRISTOW | DIRECTOR | 1 | — |
| MARTIN LAWRENCE | DIRECTOR | 1 | — |
| FRANK CAMPOS | SEC/DIR | 1 | — |
| MICHAEL BENNETT | TREAS/DIR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Gragg Foundation?
The Gragg Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALESTINE, TX. It holds $3.7M in total assets as of 2024.
How large is The Gragg Foundation?
As of 2024, The Gragg Foundation holds $3.7M in total assets with $255K in annual revenue. It awarded 20 grants totaling $203K in 2024.
Where does The Gragg Foundation operate?
The Gragg Foundation has awarded grants in Texas.
What size grants does The Gragg Foundation award?
In 2024, The Gragg Foundation awarded 20 grants totaling $203K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is The Gragg Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Gragg Foundation reported a distributable amount of $205K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Gragg Foundation's EIN?
The Gragg Foundation's EIN (Employer Identification Number) is 02-0762912. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Gragg 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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