Thomas L Jr & Grace P Downs Scholarship Fund

Public charity · Grantmaker San Antonio, TX EIN: 74-2123714

As set forth in the trust instrument and followed by the trustee, this organization supports southwestern university, Texas wesleyan university and southern methodist university.

Key facts about Thomas L Jr & Grace P Downs Scholarship Fund

In short: Thomas L Jr & Grace P Downs Scholarship Fund gave $260K across 3 grants in 2026 (avg $87K), mostly in Texas. Source: 2026 IRS Form 990.

EIN
74-2123714
Latest 990 filing
Form 990, 2026
Annual giving (2026)
$259,547
Grants made (2026)
3
Average grant
$86,516
Median grant
$86,516
Total assets
$8,565,820
Primary geography
Texas (100% of itemized 2026 grant dollars)

Data from IRS Form 990, 2026; updated September 2026.

Financial Overview

From 2026 IRS Form 990 · View filing

Total Assets

$8.6M

-0.1% YoY

Annual Giving

$260K

+22.4% YoY

Grant Count

3

+0.0% YoY

Avg Grant Size

$87K

+22.4% YoY

How Thomas L Jr & Grace P Downs Scholarship Fund gives

  • Giving held roughly steady from 2023 to 2026 (+2%). Method

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

About Thomas L Jr & Grace P Downs Scholarship Fund

Based on IRS filings

Thomas L Jr & Grace P Downs Scholarship Fund is a public charity, based in San Antonio, TX. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $8.6M in total assets. In 2026, it awarded 3 grants totaling $260K. Net investment income was $355K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2026 grant dollars across all 3 itemized grants.

States

Cities

DallasFort WorthGeorgetown

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K3 grants2021 3 grants2022 3 grants2023 3 grants2024 3 grants2025 3 grants2026

From 2021 to 2026, annual grant giving ranged from $212K (2025) to $261K (2022). In 2026 it made 3 grants totaling $260K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2026

Southern Methodist University: $87KSouthern Methodist University$87KTexas Wesleyan University: $87KTexas Wesleyan University$87KSouthwestern University: $87KSouthwestern University$87K

The largest 2026 recipient was Southern Methodist University ($87K). Together the top 3 received $260K.

Grant Size Distribution

15 grants across all recorded years

<$50K15$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $50–100K range: 15 grants of 15 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Southern Methodist University Dallas, TXCharitable$86,516
Texas Wesleyan University Ft Worth, TXCharitable$86,516
Southwestern University Georgetown, TXCharitable$86,515

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$500K$1M$1.5M$2M2021 2022 2023 2024 2025 2026
Metric202620252024
Total Assets$8,565,820$8,574,438$8,651,519
Revenue$355,093$230,411$331,524
Expenses$363,711$307,492$343,795
Net Investment Income$355,093$230,411$331,524

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2021 (received by the IRS September 30, 2021)
  2. Updated Form 990 for fiscal year 2022 (received by the IRS September 23, 2022)
  3. Updated Form 990 for fiscal year 2023 (received by the IRS September 21, 2023)
  4. Updated Form 990 for fiscal year 2024 (received by the IRS August 20, 2024)
  5. Updated Form 990 for fiscal year 2025 (received by the IRS August 18, 2025)
  6. Added Form 990 for fiscal year 2026 (received by the IRS August 24, 2026)
  7. IRS filings on file for fiscal years 2021–2025

Leadership & Key People

Officers and directors from IRS filings

Thomas L Jr & Grace P Downs Scholarship Fund's only listed officer is Frost Bank Trustee, Debbie Broemsen & Administrator since 2023 (on filings since 2021) (compensated).

Officers on the 2026 filing

  • Frost Bank Trustee

    Debbie Broemsen & Administrator

    Kathleen Finck & Administrator → Debbie Broemsen & Administrator, 2023

    On filings since 2021

    40 hrs/week

    $79K (2021) → $91K (2026)

Data from IRS Form 990 filings, 2021–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2026 IRS filing

Frost Bank Trustee — Debbie Broemsen, Administrator: $91KFrost Bank TrusteeDebbie Broemsen, Administrator$91K

The highest reported compensation on the 2026 filing was $91K, to Frost Bank Trustee (Debbie Broemsen, Administrator).

Frequently asked questions about Thomas L Jr & Grace P Downs Scholarship Fund

How much does Thomas L Jr & Grace P Downs Scholarship Fund give each year?

Thomas L Jr & Grace P Downs Scholarship Fund gave $260K across 3 grants in 2026, according to its 2026 IRS Form 990. In 2025 it gave $212K across 3 grants.

What is Thomas L Jr & Grace P Downs Scholarship Fund's typical grant size?

Thomas L Jr & Grace P Downs Scholarship Fund's median grant in 2026 was $86,516, and its average grant was $86,516, across 3 grants on its 2026 IRS Form 990.

Where does Thomas L Jr & Grace P Downs Scholarship Fund give grants?

Thomas L Jr & Grace P Downs Scholarship Fund gives mostly in Texas: 100% of the grant dollars itemized on its 2026 IRS Form 990 went to recipients there.

Does Thomas L Jr & Grace P Downs Scholarship Fund give general operating support?

Not in 2026: none of the 3 grants with a stated purpose on Thomas L Jr & Grace P Downs Scholarship Fund's 2026 IRS Form 990 were described as general or operating support. Recurring purposes include "Charitable" (3 grants).

How large is Thomas L Jr & Grace P Downs Scholarship Fund?

Thomas L Jr & Grace P Downs Scholarship Fund reported $8.6M in total assets on its 2026 IRS Form 990. Its revenue that year was $355K.

What is Thomas L Jr & Grace P Downs Scholarship Fund's EIN?

Thomas L Jr & Grace P Downs Scholarship Fund's EIN (Employer Identification Number) is 74-2123714. IRS Form 990 filing data is available on this page for 2021–2026.

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

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