The Letourneau University Foundation

Public charity · Grantmaker Longview, TX EIN: 83-2155629

Utilizing a professional, biblically informed approach we serve as a guide to carefully designed estate and legacy plans that in their conveyed charitable intent expressly benefit letourneau university in its work of raising up men and women who see their life's work as a holy calling, making mission fields of every workplace in every nation.

Key facts about The Letourneau University Foundation

EIN
83-2155629
Latest 990 filing
Form 990, 2025
Total assets
$59,295,994

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$59.3M

-9.9% YoY

Revenue

$3.0M

+23.6% YoY

Net Investment Income

$2.5M

+18.5% YoY

Expenses

$424K

-56.6% YoY

About The Letourneau University Foundation

Based on IRS filings

The Letourneau University Foundation is a public charity focused on Education, based in Longview, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $59.3M in total assets. Net investment income was $2.5M.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

States

Cities

Longview

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K0 grants2019 0 grants2020 0 grants2021 0 grants2022 0 grants2023 1 grant2024 0 grants2025

In 2024 it made 1 grant totaling $50K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

1 grant across all recorded years

<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $50–100K range: 1 grant of 1 (100%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2025.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$1M$2M$3M$4M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$59,295,994$65,798,391$34,086,293
Revenue$2,967,995$2,402,098$998,609
Expenses$424,451$978,804$667,234
Net Investment Income$2,484,109$2,095,879$649,436

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2024 (received by the IRS May 8, 2025)

Leadership & Key People

Officers and directors from IRS filings

The Letourneau University Foundation is led by Thomas E Bevan, President since 2022 (on filings since 2019); 1 of 7 officers listed in 2025 is compensated.

Officers on the 2025 filing

  • Thomas E Bevan

    President

    Executive Director → President, 2022

    On filings since 2019

    50 hrs/week

    $91K (2020) → $151K (2025)

  • Steven D Mason

    President

    President & Letourneau Univ. → President, 2025

    On filings since 2021

    1 hr/week

    No compensation reported

  • Dan DiFrancesco

    Board Chairman

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Larry Mercer

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Ray Baumer

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Bob Walker

    Board Vice Chairman

    On filings since 2022

    1 hr/week

    No compensation reported

  • Jim Mauldin

    Secretary & Treasurer

    Director → Secretary & Treasurer, 2023

    On filings since 2022

    1 hr/week

    No compensation reported

Former officers (8)
  • Former: Daniel Difrancesco (2019–2024) — Board Chairman
  • Former: Kenneth Moore (2019–2024) — Director
  • Former: John Ross (2022–2024) — Director
  • Former: Roger Kieffer (2022–2024) — Director
  • Former: Christopher Rudolph (2019–2022) — Investment Chair
  • Former: Dale A Lunsford (2019–2022) — Chancellor & Letourneau Univ.
  • Former: Robert Walker (2019–2021) — Director
  • Former: Thomas Burt (2019–2021) — Board Chairman

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Thomas E Bevan — President: $151KThomas E BevanPresident$151K

The highest reported compensation on the 2025 filing was $151K, to Thomas E Bevan (President).

Frequently asked questions about The Letourneau University Foundation

How large is The Letourneau University Foundation?

The Letourneau University Foundation reported $59.3M in total assets on its 2025 IRS Form 990. Its revenue that year was $3.0M.

What is The Letourneau University Foundation?

The Letourneau University Foundation is a public charity focused on Education, based in Longview, TX. It holds $59.3M in total assets as of 2025.

Where does The Letourneau University Foundation operate?

The Letourneau University Foundation has awarded grants in Texas.

What is The Letourneau University Foundation's EIN?

The Letourneau University Foundation's EIN (Employer Identification Number) is 83-2155629. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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