Overview
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
Geographic Focus
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Financials
in 2024, compared to $0 in 2023
248 grants awarded in 2024
Of total expenses go to programs
Grants
Purpose | Location | |||
---|---|---|---|---|
$18,087,550 | SEE STATEMENT 25 | NFP PROGRAMS | 555 N CARANCAHUA STREET CORPUS CHRISTI, TX US | 2022 |
$6,799,423 | ASSET PURCHASES TREATED AS QUALIFYING DISTRIBUTIO | AP | PILATUS CORPUS CHRISTI, TX US | 2024 |
$5,158,039 | LOUISE ALLEN FOUNDATION | PS | 555 N CARANCAHUA SUITE 214 CORPUS CHRISTI, TX US | 2024 |
$2,500,000 | PALACIOS MARINE AGRICULTURAL RESEARCH | PS | 555 N CARANCAHUA STE 240 CORPUS CHRISTI, TX US | 2024 |
$2,305,800 | CITY OF CORPUS CHRISTI - LAMAR LOCATIONS | AP | 1201 LEOPARD ST CORPUS CHRISTI, TX US | 2024 |
$500,000 | UNIVERSITY OF TEXAS MD ANDERSON CENTER | GO | PO BOX 301439 HOUSTON, TX US | 2024 |
$300,000 | CITY OF PALACIOS - POOL & TENNIS COURT DONATION | AP | 311 HENDERSON ST PALACIOS, TX US | 2024 |
$300,000 | MISSION 911 | GO | PO BOX 3157 CORPUS CHRISTI, TX US | 2024 |
$275,000 | AGAPE RANCH | ASSET PURCHASE (AP) | 5151 FLYNN PARKWAY SUITE 106 CORPUS CHRISTI, TX US | 2024 |
$250,000 | TEXAS A&M UNIVERSITY - CORPUS CHRISTI | GO | 6300 OCEAN DRIVE UNIT 5741 CORPUS CHRISTI, TX US | 2024 |
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People
Compensation data from most recent available 990 forms
Title | |||
---|---|---|---|
PDA
PAUL D ALTHEIDE
| PRESIDENT/CE | $623499 | 2024 |
PDA
PAUL D ALTHEIDE
| PRESIDENT/CE | $593616 | 2022 |
MKM
MYRA K MORRIS
| CHIEF LEGAL | $350079 | 2024 |
MKM
MYRA K MORRIS
| CHIEF LEGAL | $329887 | 2022 |
JJJ
JOHN J JOHNSON
| SEC/TREASURER | $66800 | 2024 |
DJM
DAVID J MORALES
| DIRECTOR | $66800 | 2024 |
KWT
KEN W TRAWICK
| VICE BOARD CHAIRMAN | $65200 | 2024 |
DLH
DAVID L HOYER
| BOARD CHAIRM | $64000 | 2022 |
KWT
KEN W TRAWICK
| VICE BOARD C | $64000 | 2022 |
JJJ
JOHN J JOHNSON
| SEC /TREASUR | $64000 | 2022 |
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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer
View on ProPublica Nonprofit ExplorerLast updated on August 25, 2025