The Teal Foundation
The Teal Foundation is a private foundation, based in Houston, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $224K in total assets. In 2024, it awarded 8 grants totaling $6K. Net investment income was $2K.
The Teal Foundation at a glance
In short: The Teal Foundation gave $6K across 8 grants in 2024 (avg $691.875), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $5,535
- -44.9% vs 2023
- Grants made (2024)
- 8
- -46.7% vs 2023
- Average grant
- $692
- +3.3% vs 2023
- Median grant
- $430
- Total assets
- $224,164
- -1.9% vs 2023
- Primary geography
- Texas (53% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Teal Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was St John fund ($2K). Together the top 8 received $6K.
Grant Size Distribution
34 grants across all recorded years
The most common grant size was under $50K: 34 grants of 34 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
Cities
How The Teal Foundation gives
- In 2024 it paid out 60% 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
From 2022 to 2024, annual grant giving ranged from $6K (2024) to $11K (2022). In 2024 it made 8 grants totaling $6K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St John fund Houston, TX | Religious | $2,100 |
| Knox Martin Foundation Gainesville, GA | Medical Support | $1,500 |
| Chinquapin Preparatory school Highland, TX | Education | $550 |
| Rocky Mountain Estates Fire Prevention fund Antonito, CO | Fire Prevntion | $500 |
| Fellowship of Catholic University Students Golden, CO | Religious | $360 |
| Our Lady's Cathedral OKC Oklahoma City, OK | Religious | $250 |
| Mexico Medical Missions Houston, TX | Health Support | $250 |
| Austin Pets Alive Dallas, TX | Charitable | $25 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $224,164 | $4,720 | $9,104 | $5,535 | 8 | $6,685 | $2,301 | $11,172 |
| 2023 | $228,548 | $4,320 | $11,975 | $10,050 | 15 | $4,317 | $1,928 | $10,262 |
| 2022 | $236,203 | $957 | $20,548 | $10,791 | 11 | $20,548 | $1,794 | $11,393 |
| 2021 | $255,794 | — | — | — | — | — | — | $12,598 |
| 2020 | $255,794 | $304 | — | — | — | — | $304 | $12,586 |
Under IRS private-foundation payout rules, The Teal Foundation reported a distributable amount of $11K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Teal Foundation is led by Elizabeth Jackson Royce, Trustee on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Elizabeth Jackson Royce
Trustee
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.
Frequently asked questions about The Teal Foundation
How much does The Teal Foundation give each year?
The Teal Foundation gave $6K across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $10K across 15 grants.
What is The Teal Foundation's typical grant size?
The Teal Foundation's median grant in 2024 was $430, and its average grant was $692, across 8 grants on its 2024 IRS Form 990-PF.
Where does The Teal Foundation give grants?
The Teal Foundation gives mostly in Texas: 53% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Georgia (27%) and Colorado (16%). The most frequent recipient cities were Houston, TX (2 grants).
Does The Teal Foundation give general operating support?
Not in 2024: none of the 8 grants with a stated purpose on The Teal Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Religious" (3 grants).
Who are The Teal Foundation's largest grantees?
The Teal Foundation's largest 2024 grantees include St John fund ($2,100), Knox Martin Foundation ($1,500) and Chinquapin Preparatory school ($550), according to its 2024 IRS Form 990-PF. Together they received 75% of its itemized 2024 grant dollars.
How large is The Teal Foundation?
The Teal Foundation reported $224K in total assets on its 2024 IRS Form 990-PF. It paid out $7K in qualifying distributions that year, against a required minimum of $11K (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.
What is The Teal Foundation's EIN?
The Teal Foundation's EIN (Employer Identification Number) is 76-6033961. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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