The Gragg Foundation

Foundation · Grantmaker Palestine, TX EIN: 02-0762912

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.

Key facts about The Gragg Foundation

EIN: 02-0762912
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $203,000
Grants made (2024): 20
Average grant: $10,150
Median grant: $10,000
New grantees (estimate): 5% first-time grantees (1 of 20, 2024)
Total assets: $3,723,075
Primary geography: Texas (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Who The Gragg Foundation funds

By grant dollars, the top recipient states for The Gragg Foundation's 20 itemized 2024 grants were Texas (100%). The most frequent recipient cities were Palestine, TX (12 grants) and Elkhart, TX (2 grants). 60% of grants with a stated purpose were for general or operating support. Recurring purposes include "Scholarships" (7 grants).

Is The Gragg Foundation open to new grantees?

first-time grantees, 2024

In 2024, 1 of 20 grantees (5%) were first-time recipients. First grants averaged $8K; repeat grants $10K. How we count

Medians: $8K first-time, $10K repeat.

95% of 2024 grantees were also funded in 2023. Method
Giving held roughly steady from 2021 to 2024 (+10%). Method
In 2024 it paid out 99% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Next steps with The Gragg Foundation

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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

-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

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $203K (100%)

Share of all 20 itemized 2024 grant dollars.

States

Texas

Cities

PalestineElkhartCayugaFrankstonJacksonvilleLarueNechesOakwood

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Data update history

When this profile's IRS filing data changed on Grantable

February 28, 2026 IRS filings on file for fiscal years 2020–2024

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 recipients 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
ST VINCENT DE PAUL SOCIETY Palestine, TX	GENERAL & UNRESTRICTED	$20,000
MEALS ON WHEELS OF PALESTINE INC Palestine, TX	GENERAL & UNRESTRICTED	$13,000
THE STOCKPOT OF PALESTINE INC Palestine, TX	GENERAL & UNRESTRICTED	$13,000
PALESTINE COMMUNITY FOOD PANTRY Palestine, TX	GENERAL & UNRESTRICTED	$12,000
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

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS 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

Philanthropy, Voluntarism & Grantmaking

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.