David F & Sara K Weston Fund
- Assets
- $1.1m
- Revenue
- $143.7k
- Investments
- $1.1m
- Employees
- 0
- Location
- Galveston, TX
- Founding
- 08/1953
- Data as of
- 12/2023
- EIN
- 31-6026109
Organization Overview
David F & Sara K Weston Fund is located in Galveston, TX. The organization was established in 1953. 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. David F & Sara K Weston Fund 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 12/2023, David F & Sara K Weston Fund generated $143.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (22.3%) each year. All expenses for the organization totaled $143.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, David F & Sara K Weston Fund has awarded 179 individual grants totaling $563,350. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara W Sasser Pres Treas Secy Trus | 2 | $0 | |
Carol W Roberts Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $80,624 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $61,841 |
| Capital Gain Net Income | $61,841 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $230 |
| Total Revenue | $143,695 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $281 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,176 |
| Total operating and administrative expenses | $1,657 |
| Contributions, gifts, grants paid | $142,000 |
| Total expenses and disbursements | $143,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,790 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,054,487 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,083,277 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, David F & Sara K Weston Fund has awarded $142,000 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
WORLD WILDLIFE FUND PURPOSE: GENERAL PURPOSES | $1,500 |
UNITED STATES HOLOCAUST MEMORIAL MEUSEUM PURPOSE: GENERAL PURPOSES | $1,000 |
UTMB HEALTH PURPOSE: GBS ENDOWMENT | $1,000 |
UNION OF CONCERNED SCIENTISTS PURPOSE: GENERAL PURPOSES | $2,500 |
TO CURE A ROSE PURPOSE: ROSIE'S ASO RESEARCH | $1,000 |
THE BRYAN MUSEUM PURPOSE: GENERAL PURPOSES | $1,000 |