The Psalm 2510 Foundation
The Psalm 2510 Foundation is a private foundation based in Fort Worth, Texas. Its 2024 filing reports grants to charitable organizations, with each listed grant designated for general fund support.
Key facts about The Psalm 2510 Foundation
In short: The Psalm 2510 Foundation gave $2.4M across 10 grants in 2024 (avg $236K), top state Texas. 20% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 20-4128717
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $2,360,000
- Grants made (2024)
- 10
- Average grant
- $236,000
- Median grant
- $150,000
- New grantees (estimate)
- 20% first-time grantees (2 of 10, 2024; small sample)
- Total assets
- $71,399,278
- Primary geography
- Texas (48% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
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.
Is The Psalm 2510 Foundation open to new grantees?
20%
first-time grantees, 2024
In 2024, 2 of 10 grantees (20%) were first-time recipients. With only 10 grantees, that is a small sample: one grantee more or less moves the share by about 10 points. First grants averaged $200K; repeat grants $245K. How we count
Medians: $200K first-time, $150K repeat.
- 60% of 2024 grantees were also funded in 2023. Method
- Giving fell 43% from 2021 to 2024. Method
- In 2024 it paid out 109% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants went to organizations including churches, ministries, and institutions for biblical training. Gospel Harvesters International describes its own mission as sharing the gospel, maintaining an orphanage, and supporting a Bible college and seminary and children’s educational needs in India.
Grantmaking
In 2024, the foundation made 10 grants totaling $2,360,000. Grant amounts ranged from $10,000 to $1,000,000, with a median of $150,000. The largest grants were $1,000,000 to International Mission Board of the Southern Baptist Conventions; $300,000 each to Beautiful Feet Ministries, International Evangelism Assocation, and Travis Avenue Baptist Church; and $200,000 to Meridian University for Biblical Training. Each was designated for the general fund.
How to Apply
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
Ready to take the next step with The Psalm 2510 Foundation?
Geographic Focus
Where this funder awards grants
The 2024 grant dollars went to recipients in Texas (48%), Virginia (42%), Oklahoma (8%), and Michigan (1%).
Grant Distribution by State
Share of 2024 grant dollars across all 10 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $2.4M (2024) to $4.2M (2021). In 2024 it made 10 grants totaling $2.4M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was International Mission Board of the Southern Baptist Conventions ($1.0M). Together the top 10 received $2.4M.
Grant Size Distribution
51 grants across all recorded years
The most common grant size was under $50K: 18 grants of 51 (35%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| International Mission Board of the Southern Baptist Conventions Richmond, VA | General Fund | $1,000,000 |
| Beautiful Feet Ministries Fort Worth, TX | General Fund | $300,000 |
| International Evangelism Assocation Salado, TX | General Fund | $300,000 |
| Travis Avenue Baptist Church Fort Worth, TX | General Fund | $300,000 |
| Meridian University for Biblical Training Sapulpa, OK | General Fund | $200,000 |
| Christ Chapel Bible Church Fort Worth, TX | General Fund | $100,000 |
| The Southern Baptist Theological Seminary Fort Worth, TX | General Fund | $100,000 |
| Revive our Hearts Niles, MI | General Fund | $25,000 |
| Gospel Harvesters International Hurst, TX | General Fund | $25,000 |
| Pregnancy Help Center of Fort Worth Fort Worth, TX | General Fund | $10,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $71,399,278 | $131,523 | $2,497,304 | $2,360,000 |
| 2023 | $74,238,986 | $402,811 | $3,387,621 | $3,255,000 |
| 2022 | $78,015,483 | -$11,287,860 | $3,895,710 | $3,105,000 |
| 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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
The Psalm 2510 Foundation is led by David Shanks, President & Director on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
David Shanks
President & Director
On filings since 2020
1 hr/week
No compensation reported
Derek Holmes
Director
On filings since 2020
1 hr/week
No compensation reported
Glenn Hodge
Director
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: PO Box 6808, Fort Worth, TX 76115
Phone: (817) 991-8888
Frequently asked questions about The Psalm 2510 Foundation
How much does The Psalm 2510 Foundation give each year?
The Psalm 2510 Foundation gave $2.4M across 10 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $3.3M across 11 grants.
What is The Psalm 2510 Foundation's typical grant size?
The Psalm 2510 Foundation's median grant in 2024 was $150,000, and its average grant was $236,000, across 10 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Psalm 2510 Foundation that year got $200K on average.
Where does The Psalm 2510 Foundation give grants?
The Psalm 2510 Foundation's top state is Texas, with 48% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Virginia (42%) and Oklahoma (8%). The most frequent recipient cities were Fort Worth, TX (5 grants).
Does The Psalm 2510 Foundation give general operating support?
Yes: 100% of The Psalm 2510 Foundation's 2024 grants with a stated purpose (10 of 10) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Psalm 2510 Foundation's largest grantees?
The Psalm 2510 Foundation's largest 2024 grantees include International Mission Board of the Southern Baptist Conventions ($1,000,000), Beautiful Feet Ministries ($300,000) and International Evangelism Assocation ($300,000), according to its 2024 IRS Form 990-PF. Together they received 68% of its itemized 2024 grant dollars.
How large is The Psalm 2510 Foundation?
The Psalm 2510 Foundation reported $71.4M in total assets on its 2024 IRS Form 990-PF. It paid out $2.4M in qualifying distributions that year, against a required minimum of $2.2M (roughly 5% of its investment assets).
What does The Psalm 2510 Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants went to organizations including churches, ministries, and institutions for biblical training. See mission & focus areas ↑
How do I apply for a grant from The Psalm 2510 Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does The Psalm 2510 Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching The Psalm 2510 Foundation by hand.
Explore Open Grants
Browse active grant opportunities in The Psalm 2510 Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Turner Foundation
Louisville, KY
In 2025, the Turner Foundation made grants to a varied group of charitable and faith-based organizations, with awards ranging from $1,000 to $6,073 and a median grant of $2,000. It is based in Louisville, Kentucky, and its grants went to organizations in Kentucky, North Carolina, Missouri, Georgia, and Texas. The foundation gives only to preselected organizations and does not accept unsolicited requests.
Assets
$812K
Grants
17
Total Given
$47K
LPL Financial Foundation Inc
Boston, MA
Assets
$7.8M
Grants
55
Total Given
$2.3M
Community Foundation of Greater Memphis Inc
Memphis, TN
The Community Foundation of Greater Memphis supports community needs, nonprofit capacity building, and donor-directed and theme-based grants, with awards across West Tennessee, eastern Arkansas, and northern Mississippi. Its 2025 grants had a median of $20,200, though amounts varied widely; unsolicited requests are accepted only through specific application-based opportunities, not stated as a general process.
Assets
$953.1M
Grants
761
Total Given
$134.3M
Enterprise Holdings Foundation
Saint Louis, MO
The Enterprise Holdings Foundation supports charitable and educational nonprofits in communities where Enterprise Mobility operates, focusing on health, education, arts, and disaster relief; applicants must be actively supported by an Enterprise Mobility team member, spouse, or domestic partner. Giving varies widely: it reported 9,499 grants in 2024, but its 2025 filing showed one grant of $101.4 million, so that amount is not a typical award. Applications are accepted at any time through eligible Enterprise-affiliated applicants; the Foundation does not limit giving to preselected organizations.
Assets
$594.3M
Grants
1
Total Given
$101.4M
Dallas Jewish Community Foundation
Dallas, TX
The Dallas Jewish Community Foundation distributes donor-directed grants and supports charitable, educational, healthcare, and social-service initiatives, including Jewish community organizations and scholarships. Its 2025 grants had a median of $19,240, with 51% of grant dollars going to Texas recipients; the profile does not state whether it accepts unsolicited requests.
Assets
$329.8M
Grants
579
Total Given
$52.9M
McKesson Foundation Inc
Dallas, TX
The McKesson Foundation funds cancer support and care, healthcare workforce pathways, and emergency response, with grants mainly supporting organizations in the United States and Canada. Its 2025 grants had a median of $100,000, though amounts ranged from $10,000 to about $2.47 million. Its filing says it does not accept unsolicited requests, while its application page describes an online application process with stated submission windows.
Assets
$1.6M
Grants
76
Total Given
$16.6M
Thomas M Helen McKee & John P Ryan Fo
Fort Worth, TX
The foundation funds public charities working in health care, human and social services, education, children’s services, the arts, and other charitable, religious, scientific, or educational causes, mainly in Tarrant County, Texas. In 2024, grants ranged from $3,000 to $2 million, with a median of $25,000. It accepts unsolicited requests; new applicants must first submit a one-page letter of inquiry.
Assets
$123.1M
Grants
145
Total Given
$6.9M
Communities Foundation of Texas Inc
Dallas, TX
Communities Foundation of Texas funds a broad range of community needs, including health, education, housing, and community development, primarily in North Texas and across Texas. Its 2025 grants had a median of about $18,800, though amounts varied widely; nearly all opportunities are by invitation, with some specific programs open for applications.
Assets
$1.2B
Grants
2,209
Total Given
$209.2M
Greater Houston Community Foundation
Houston, TX
The Foundation makes grants through donor-advised and other donor-established funds for public benefit, human services, education, and health, including initiatives addressing economic mobility and poverty in Harris County. In 2024, its median grant was $25,000; it serves Greater Houston, while grants also go to recipients elsewhere in Texas and beyond. It does not accept proposals for the upcoming High-Impact Grantmaking cycle and plans to invite selected organizations or collaboratives to apply.
Assets
$1.1B
Grants
1,724
Total Given
$232.3M
BNSF Railway Foundation
Fort Worth, TX
The BNSF Railway Foundation funds civic, cultural, education, health and human services, environmental, and youth programs, including operating costs and specific projects. Its 2025 median grant was $2,500, though awards ranged from $100 to $500,000; it supports eligible organizations serving communities near BNSF rail lines across its 28 operating states. The foundation provides an online application process, but whether it accepts unsolicited requests is not stated.
Assets
$23.0M
Grants
993
Total Given
$7.0M
Baker Hughes Foundation
Houston, TX
Assets
$2.2M
Grants
990
Total Given
$3.2M
More Funders in Texas
The Psalm 2510 Foundation down — hundreds of funders to go?