The Te Craig SD Heard and LD Heard Memorial

Private foundation · Grantmaker Dallas, TX EIN: 59-7279007

The Te Craig SD Heard and LD Heard Memorial is a private foundation, based in Dallas, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $9K in total assets. In 2025, it made $600 in qualifying distributions. Net investment income was $595.

The Te Craig SD Heard and LD Heard Memorial at a glance

Total assets
$8,681
+0.0% vs 2024
Revenue (2025)
$2,147
-99.8% vs 2024
Qualifying distributions (2025)
$600
-100.0% vs 2024
Expenses (2025)
$2,152
-100.0% vs 2024
Latest 990 filing
Form 990-PF, 2025 View filing

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

Who The Te Craig SD Heard and LD Heard Memorial funds

How this funder distributes its grants

Grant Size Distribution

24 grants across all recorded years

6<$50K6$50–100K6$100–250K$250–500K2$500K–1M4$1–5M$5M+

The most common grant size was under $50K: 6 grants of 24 (25%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

States

Cities

MC KinneyAustinDallasKingsvilleSherman

How The Te Craig SD Heard and LD Heard Memorial gives

  • Giving grew 2117% from 2021 to 2024. Method
  • In 2025 it paid out 87% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$2.5M$5M$7.5M$10M6 grants2019 6 grants2020 6 grants2021 6 grants2022 6 grants2023 6 grants2024 0 grants2025

From 2019 to 2024, annual grant giving ranged from $400K (2023) to $9.0M (2024). In 2024 it made 6 grants totaling $9.0M.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Austin College Sherman, TXUnrestricted General$2,242,086
Heard-Craig Women's Club Trust McKinney, TXUnrestricted General$2,242,086
Grace Presbyterian Village Inc Dallas, TXUnrestricted General$1,494,724
Presbyterian Children's Home Austin, TXUnrestricted General$1,494,247
Presbyterian Pan American School Kingsville, TXUnrestricted General$747,601
First Presbyterian Church of McKinney McKinney, TXUnrestricted General$747,601
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2025$8,681$2,147$2,152——$600$595$690
2024$8,679$1,360,642$9,010,357$8,968,3456$8,972,968$1,353,277$55,221
2023$7,649,806$219,153$489,741$400,0006$436,405$165,673$414,643
2022$7,930,251$-79,442$571,021$472,6366$500,442$122,443$426,084
2021$8,578,902$1,596,307$509,976$404,6006$451,139$1,530,775$472,635
2020$7,486,070$367,391$545,503$429,1686—$318,476$404,599
2019$7,661,260$385,831$495,842$409,6546—$361,007$396,752

Under IRS private-foundation payout rules, The Te Craig SD Heard and LD Heard Memorial reported a distributable amount of $690 for 2025 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

The Te Craig SD Heard and LD Heard Memorial's only listed officer is Bank Of America, Trustee on every filing since 2021 (compensated).

Officers on the 2025 filing

  • Bank Of America

    Trustee

    On filings since 2021

    1 hr/week

    $73K (2021) → $2K (2025)

Former officers (1)
  • Former: Bank Of America N A (2019–2020) — Trustee

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

Bank of America — Trustee: $2KBank of AmericaTrustee$2K

The highest reported compensation on the 2025 filing was $2K, to Bank of America (Trustee).

Frequently asked questions about The Te Craig SD Heard and LD Heard Memorial

How large is The Te Craig SD Heard and LD Heard Memorial?

The Te Craig SD Heard and LD Heard Memorial reported $9K in total assets on its 2025 IRS Form 990-PF. It paid out $600 in qualifying distributions that year, against a required minimum of $690 (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

Where does The Te Craig SD Heard and LD Heard Memorial operate?

The Te Craig SD Heard and LD Heard Memorial has awarded grants in Texas.

What is The Te Craig SD Heard and LD Heard Memorial's EIN?

The Te Craig SD Heard and LD Heard Memorial's EIN (Employer Identification Number) is 59-7279007. IRS Form 990 filing data is available on this page for 2019–2025.

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

Data update history

(7)

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2024 (received by the IRS November 14, 2025)
  2. Updated Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
  3. Added Form 990-PF for fiscal year 2019 (received by the IRS May 8, 2020)
  4. Updated Form 990-PF for fiscal year 2020 (received by the IRS August 30, 2021)
  5. Updated Form 990-PF for fiscal year 2021 (received by the IRS September 30, 2022)
  6. Updated Form 990-PF for fiscal year 2022 (received by the IRS April 26, 2023)
  7. Updated Form 990-PF for fiscal year 2023 (received by the IRS November 1, 2024)

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from The Te Craig SD Heard and LD Heard Memorial's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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