The Letourneau University Foundation
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.
The Letourneau University Foundation at a glance
- Total assets
- $59,295,994
- -9.9% vs 2024
- Revenue (2025)
- $2,967,995
- +23.6% vs 2024
- Net investment income (2025)
- $2,484,109
- +18.5% vs 2024
- Expenses (2025)
- $424,451
- -56.6% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who The Letourneau University Foundation funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $50–100K range: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2024 it made 1 grant totaling $50K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| LeTourneau University Longview, TX | General Funding | $50,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $59,295,994 | $2,967,995 | $424,451 | — | — | $2,484,109 |
| 2024 | $65,798,391 | $2,402,098 | $978,804 | $50,000 | 1 | $2,095,879 |
| 2023 | $34,086,293 | $998,609 | $667,234 | — | — | $649,436 |
| 2022 | $30,343,194 | $3,412,001 | $484,916 | — | — | $208,042 |
| 2021 | $29,394,281 | $1,429,688 | $177,227 | — | — | $326,521 |
| 2020 | $21,879,104 | $581,778 | $153,409 | — | — | $419,193 |
| 2019 | $20,645,104 | $177,489 | $71,946 | — | — | $105,541 |
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
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
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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2024 (received by the IRS May 8, 2025)
Live grants for the work The Letourneau University Foundation funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The Letourneau University Foundation's focus areas in our free grants database
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The Letourneau University Foundation down — hundreds of funders to go?