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ED RACHAL FOUNDATION

CORPUS CHRISTI, TX 741116595 WWW.EDRACHAL.ORG

The Ed Rachal Foundation, with assets of $723.6 million, supports education, health, and community services primarily in Texas, led by key figures like David L. Hoyer and Paul D. Altheide.

Overview

About ED RACHAL FOUNDATION

The Ed Rachal Foundation, based in Corpus Christi, Texas, is a philanthropic organization with assets totaling approximately $723.6 million. The foundation's annual expenses are around $53.5 million, and it generates a revenue of about $90 million. The foundation focuses on funding initiatives in various areas including education, health, information and communications, religion, and human services. It supports a wide range of cities primarily in Texas, with some funding also reaching Virginia. Key personnel include David L. Hoyer as Board Chairman, Ken W. Trawick as Vice Board Chairman, and Paul D. Altheide as President/CEO. The foundation is committed to enhancing community welfare through its diverse funding efforts.

Focus Areas

EducationHigher educationHealthDiseases and conditionsInformation and communicationsLibrariesReligionChristianityHuman servicesFamily servicesChild welfare- Less

Geographic Focus

TXVA
Application Status

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Success Rates

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Average Grant Size

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Sample Match Score

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Match Score measures the compatibility between your organization and this funder based on focus areas alignment (92%), geographic location preferences (85%), previous grantees similarity (88%), grant size match (78%), application process compatibility (73%), and timeline compatibility (80%).

87%
Excellent compatibility match
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Key Statistics
Total Assets $723.6M
Total Awarded This Year $26.9M
Average Grant Size $108K
Total Grants (Previous Year) 0
Open to New Applicants
false
% New Applicants Funded
0%
Contact Information
CORPUS CHRISTI, TX US
Geographic Funding Distribution

Financials

Total Assets
$723,641,857

in 2024, compared to $0 in 2023

Annual Grants
$26,869,852

248 grants awarded in 2024

Program Expenses
85%

Of total expenses go to programs

Annual Grant Distribution
Revenue vs Expenses
Assets Over Time

Grants

Grant Awards
PurposeLocation
$18,087,550SEE STATEMENT 25NFP PROGRAMS555 N CARANCAHUA STREET CORPUS CHRISTI, TX US2022
$6,799,423ASSET PURCHASES TREATED AS QUALIFYING DISTRIBUTIOAPPILATUS CORPUS CHRISTI, TX US2024
$5,158,039LOUISE ALLEN FOUNDATIONPS555 N CARANCAHUA SUITE 214 CORPUS CHRISTI, TX US2024
$2,500,000PALACIOS MARINE AGRICULTURAL RESEARCHPS555 N CARANCAHUA STE 240 CORPUS CHRISTI, TX US2024
$2,305,800CITY OF CORPUS CHRISTI - LAMAR LOCATIONSAP1201 LEOPARD ST CORPUS CHRISTI, TX US2024
$500,000UNIVERSITY OF TEXAS MD ANDERSON CENTERGOPO BOX 301439 HOUSTON, TX US2024
$300,000CITY OF PALACIOS - POOL & TENNIS COURT DONATIONAP311 HENDERSON ST PALACIOS, TX US2024
$300,000MISSION 911GOPO BOX 3157 CORPUS CHRISTI, TX US2024
$275,000AGAPE RANCHASSET PURCHASE (AP)5151 FLYNN PARKWAY SUITE 106 CORPUS CHRISTI, TX US2024
$250,000TEXAS A&M UNIVERSITY - CORPUS CHRISTIGO6300 OCEAN DRIVE UNIT 5741 CORPUS CHRISTI, TX US2024
249 row(s) total.

Rows per page

Page 1 of 25

People

Leadership & Staff

Compensation data from most recent available 990 forms

Title
PDA
PAUL D ALTHEIDE
PRESIDENT/CE$6234992024
PDA
PAUL D ALTHEIDE
PRESIDENT/CE$5936162022
MKM
MYRA K MORRIS
CHIEF LEGAL$3500792024
MKM
MYRA K MORRIS
CHIEF LEGAL$3298872022
JJJ
JOHN J JOHNSON
SEC/TREASURER$668002024
DJM
DAVID J MORALES
DIRECTOR$668002024
KWT
KEN W TRAWICK
VICE BOARD CHAIRMAN$652002024
DLH
DAVID L HOYER
BOARD CHAIRM$640002022
KWT
KEN W TRAWICK
VICE BOARD C$640002022
JJJ
JOHN J JOHNSON
SEC /TREASUR$640002022
16 row(s) total.

Rows per page

Page 1 of 2

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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer

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Last updated on August 25, 2025