George Foundation

Organization Overview

George Foundation is located in Richmond, TX. The organization was established in 1950. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, George Foundation generated $31.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $23.8m during the year ending 12/2021. While expenses have increased by 11.0% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, George Foundation has awarded 550 individual grants totaling $81,292,968. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

THE GEORGE RANCH HISTORICAL PARK (GRHP) - OPERATING EXPENSESTHE GRHP IS AN OUTDOOR LIVING MUSEUM WHERE EVERY DAY, THE LEGENDS AND LEGACIES OF THOSE WHO SHAPED THIS PLACE COME TO LIFE. AUTHENTIC LOCATIONS, HISTORIC HOMES, COSTUMED PRESENTERS AND A REMARKABLE STORY OF DETERMINATION AND COURAGE SET THE STAGE FOR TREKKING THROUGH TEXAS HISTORY. PUBLIC TOURS AND AN EXTENSIVE LIST OF SCHOOL PROGRAMS ARE AVAILABLE.DUE TO COVID-19 AND THE RESULTING SHUTDOWNS, 2021 VISITATION BEGAN A RECOVERY FROM 2020 YET STILL NOT AT PRE-PANDEMIC LEVELS. 8,385 STUDENT GROUP ATTENDEES FROM 54 SCHOOLS PLUS 45 PRIVATE/CHARTER GROUPS - 17 INDEPENDENT SCHOOL DISTRICTS, PLUS 25 PRIVATE/CHARTER SCHOOLS, AND 11 COUNTIES; TOTAL GRHP ATTENDANCE FOR 2021 = 13,647


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Rmb Capital Management Llc
$272,611
Williams Public Affairs
$120,000
Upstream Thinking Llc
$166,000
Lindsey Electric Lp
$336,592
Paul Comstock Partners
$205,934
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $2,117
Interest on Savings $2,037,171
Dividends & Interest $2,307,640
Net Rental Income$1,222,013
Net Gain on Sale of Assets $22,445,976
Capital Gain Net Income $22,445,976
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $3,414,795
Total Revenue $31,716,061

Grants Awarded

Over the last fiscal year, George Foundation has awarded $81,292,968 in support to 550 organizations.

Grant RecipientAmount

Waco, TX

PURPOSE: TO SUPPORT A NEW FORT BEND CAMPUS OF TEXAS STATE TECHNICAL COLLEGE

$8,348,480

Waco, TX

PURPOSE: TO SUPPORT A NEW FORT BEND CAMPUS OF TEXAS STATE TECHNICAL COLLEGE

$8,348,480

UNIVERSITY OF HOUSTON SYSTEM

Org PageRecipient Profile

Houston, TX

PURPOSE: IN SUPPORT OF OUTFITTING LABS AND INSTRUCTIONAL SPACES IN THE COLLEGE OF TECHNOLOGY AT THE UNIVERSITY OF HOUSTON AT SUGAR LAND WITH STATE-OFTHE-ART LEARNING EQUIPMENT AND IT INFRASTRUCTURE TO SUPPORT DISTANCE LEARNING UPGRADES

$2,000,000

UNIVERSITY OF HOUSTON SYSTEM

Org PageRecipient Profile

Houston, TX

PURPOSE: IN SUPPORT OF OUTFITTING LABS AND INSTRUCTIONAL SPACES IN THE COLLEGE OF TECHNOLOGY AT THE UNIVERSITY OF HOUSTON AT SUGAR LAND WITH STATE-OFTHE-ART LEARNING EQUIPMENT AND IT INFRASTRUCTURE TO SUPPORT DISTANCE LEARNING UPGRADES

$2,000,000

FORT BEND HISTORY ASSOCIATION

Org PageRecipient Profile

Richmond, TX

PURPOSE: TOWARD EDUCATIONAL PROGRAMMING AND SUPPORT FUNCTIONS TO SERVE THE PUBLIC AT THE GEORGE RANCH HISTORICAL PARK

$1,752,500

FORT BEND HISTORY ASSOCIATION

Org PageRecipient Profile

Richmond, TX

PURPOSE: TOWARD EDUCATIONAL PROGRAMMING AND SUPPORT FUNCTIONS TO SERVE THE PUBLIC AT THE GEORGE RANCH HISTORICAL PARK

$1,752,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that George Foundation has recieved totaling $10,000.

Awarding OrganizationAmount
Texas Mutual Insurance Company

Austin, TX

PURPOSE: Hurricane Harvey relief

$10,000
View Grant Recipient Profile

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