The Psalm 2510 Foundation is a private foundation based in Fort Worth, Texas, established in 2008. The organization operates as a 501(c)(3) tax-exempt entity and functions primarily as a grantmaking foundation with no employees.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$71.4M
-3.8% YoY
Annual Giving
$2.4M
-27.5% YoY
Grant Count
10
-9.1% YoY
Avg Grant Size
$236K
-20.2% YoY
Under IRS private-foundation payout rules, The Psalm 2510 Foundation reported a distributable amount of $2.2M for 2024 — the minimum it must pay out in qualifying distributions.
Grantmaking
The foundation made 10 grants in 2024. Recent grants include:
Grant Range
s ranging from $25,000 to $1,000,000.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2024:
- Total Assets: $71,399,278
- Total Revenues: $131,523
- Total Expenses: $2,497,304
As of December 31, 2023:
- Total Assets: $67,765,050
- Total Revenues: $403,000
- Total Expenses: $3,390,000
The foundation maintains substantial assets relative to its annual revenues, indicating a well-capitalized grantmaking operation.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $71,399,278 | $74,238,986 | $78,015,483 |
| Revenue | $131,523 | $402,811 | $-11,287,860 |
| Expenses | $2,497,304 | $3,387,621 | $3,895,710 |
| Qualifying Distributions | $2,365,153 | $3,259,725 | $3,109,368 |
| Net Investment Income | $524,213 | $1,653,677 | $831,177 |
| Distributable Amount | $2,175,686 | $2,255,196 | $3,849,240 |
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
51 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include International Mission Board of the Southern Baptist Conventions ($1,000,000), Beautiful Feet Ministries ($300,000), International Evangelism Assocation ($300,000).
| Recipient | Purpose | Amount |
|---|---|---|
| International Mission Board of the Southern Baptist Conventions Richmond, VA | General Fund | $1,000,000 |
| Meridian University for Biblical Training Sapulpa, OK | General Fund | $200,000 |
| Beautiful Feet Ministries Fort Worth, TX | General Fund | $300,000 |
| Revive our Hearts Niles, MI | General Fund | $25,000 |
| Pregnancy Help Center of Fort Worth Fort Worth, TX | General Fund | $10,000 |
| Gospel Harvesters International Hurst, TX | General Fund | $25,000 |
| Christ Chapel Bible Church Fort Worth, TX | General Fund | $100,000 |
| The Southern Baptist Theological Seminary Fort Worth, TX | General Fund | $100,000 |
| International Evangelism Assocation Salado, TX | General Fund | $300,000 |
| Travis Avenue Baptist Church Fort Worth, TX | General Fund | $300,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
David C. Shanks serves as President of the foundation. Additional trustees include Derek Holmes and Glenn Hodge.
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Contact Information
Mailing Address: PO Box 6808 Fort Worth, TX 76115
Phone: (817) 991-8888
EIN: 20-4128717
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
How do I apply for a grant from The Psalm 2510 Foundation?
The foundation made 10 grants in 2024. Recent grants include: • International Mission Board of the Southern Baptist Convention: $1,000,000 (General Fund, 2024) • Christ Chapel Bible Church: $100,000 (General Fund, 2024) • Gospel Harvesters International: $25,000 (General Fund, 2024) • Southwestern Baptist Theological Seminary: $200,000 (General Fund, 2023) The foundation provides general fund support to its grantees, with grant sizes ranging from $25,000 to $1,000,000.
What size grants does The Psalm 2510 Foundation award?
In 2024, The Psalm 2510 Foundation awarded 10 grants totaling $2.4M — an average of about $236K per grant, based on its IRS Form 990 filings.
How much is The Psalm 2510 Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Psalm 2510 Foundation reported a distributable amount of $2.2M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Psalm 2510 Foundation's EIN?
The Psalm 2510 Foundation's EIN (Employer Identification Number) is 20-4128717. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Psalm 2510 Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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