The Terry & Laurie Ledbetter Foundation
The Terry & Laurie Ledbetter Foundation is a private foundation, based in Dallas, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $36.7M in total assets. In 2024, it awarded 3 grants totaling $1.4M. Net investment income was $1.6M.
The Terry & Laurie Ledbetter Foundation at a glance
In short: The Terry & Laurie Ledbetter Foundation gave $1.4M across 3 grants in 2024 (avg $483K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,450,000
- -56.9% vs 2023
- Grants made (2024)
- 3
- -57.1% vs 2023
- Average grant
- $483,333
- +0.5% vs 2023
- Median grant
- $270,000
- Total assets
- $36,699,440
- +11.3% vs 2023
- Primary geography
- Texas (69% 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 Terry & Laurie Ledbetter Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Dallas Theological Seminary ($1.0M). Together the top 3 received $1.4M.
Grant Size Distribution
16 grants across all recorded years
The most common grant size was under $50K: 5 grants of 16 (31%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How The Terry & Laurie Ledbetter Foundation gives
- Giving grew 14499900% from 2021 to 2024. Method
- In 2024 it paid out 108% of its IRS minimum distribution (the 5% rule). 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 2020 to 2024, annual grant giving ranged from $10 (2021) to $3.6M (2022). In 2024 it made 3 grants totaling $1.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Dallas Theological Seminary Dallas, TX | General Charitable Purpose | $1,000,000 |
| Azusa Pacific University Azusa, CA | General Charitable Purpose | $270,000 |
| Biola University La Mirada, CA | General Charitable Purpose | $180,000 |
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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 | $36,699,440 | $4,560,630 | $2,092,305 | $1,450,000 | 3 | $1,796,358 | $1,565,569 | $1,670,352 |
| 2023 | $32,984,344 | $2,166,970 | $3,743,512 | $3,366,181 | 7 | $3,530,326 | $2,014,089 | $1,604,333 |
| 2022 | $33,167,591 | $-279,643 | $4,027,935 | $3,645,673 | 1 | $3,845,866 | $365,150 | $1,851,638 |
| 2021 | $40,929,312 | $3,875,691 | $373,817 | $10 | 3 | $206,975 | $1,698,812 | $1,680,196 |
| 2020 | $35,653,511 | $1,589,624 | $397,729 | $25 | 2 | — | $885,313 | $1,351,905 |
Under IRS private-foundation payout rules, The Terry & Laurie Ledbetter Foundation reported a distributable amount of $1.7M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Terry & Laurie Ledbetter Foundation is led by Reta L. Ledbetter, President & Director on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Reta L. Ledbetter
President & Director
On filings since 2020
No compensation reported
Bradford L. Ledbetter
Director & Secretary
On filings since 2020
No compensation reported
Terry L. Ledbetter
CFO & Director
On filings since 2020
No compensation reported
Terry L. Ledbetter Jr.
Director
On filings since 2020
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 Terry & Laurie Ledbetter Foundation
How much does The Terry & Laurie Ledbetter Foundation give each year?
The Terry & Laurie Ledbetter Foundation gave $1.4M across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $3.4M across 7 grants.
What is The Terry & Laurie Ledbetter Foundation's typical grant size?
The Terry & Laurie Ledbetter Foundation's median grant in 2024 was $270,000, and its average grant was $483,333, across 3 grants on its 2024 IRS Form 990-PF.
Where does The Terry & Laurie Ledbetter Foundation give grants?
The Terry & Laurie Ledbetter Foundation gives mostly in Texas: 69% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was California (31%).
Does The Terry & Laurie Ledbetter Foundation give general operating support?
Yes: 100% of The Terry & Laurie Ledbetter Foundation's 2024 grants with a stated purpose (3 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is The Terry & Laurie Ledbetter Foundation?
The Terry & Laurie Ledbetter Foundation reported $36.7M in total assets on its 2024 IRS Form 990-PF. It paid out $1.8M in qualifying distributions that year, against a required minimum of $1.7M (roughly 5% of its investment assets).
What is The Terry & Laurie Ledbetter Foundation's EIN?
The Terry & Laurie Ledbetter Foundation's EIN (Employer Identification Number) is 80-0188174. 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
Explore Open Grants
Browse active grant opportunities in The Terry & Laurie Ledbetter Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). The Terry & Laurie Ledbetter Foundation funder profile. GrantGraph. Retrieved October 5, 2026, from https://grantable.co/funders/the-terry-and-laurie-ledbetter-foundation-morg_6736414ff3264ffcbca52d2379baa731
BibTeX
@misc{grantable_800188174_2026,
author = {{Grantable}},
title = {{The Terry \& Laurie Ledbetter Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-terry-and-laurie-ledbetter-foundation-morg_6736414ff3264ffcbca52d2379baa731},
note = {Accessed 2026-10-05. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Terry & Laurie Ledbetter Foundation'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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