ELMA Dill Russell Spencer Foundation
EIN 746060515 Private FoundationAbout
THE ELMA DILL RUSSELL SPENCER FOUNDATION (THE "FOUNDATION")WAS DEVISED AND BEQUEATHED A REMAINDER INTEREST IN TWO RANCHES BY THE LAST WILL AND TESTAMENT OF MRS. ELMA DILL RUSSELL SPENCER, DATED JULY 13, 1964, WHO DIED ON APRIL 11, 1969. SUCH REMAINDER INTEREST WAS SUBJECT TO THE LIFE ESTATES IN THE TWO RANCHES IN FAVOR OF FOUR PERSONS, ONE OF WHOM WAS LIVING ON JANUARY 1, 2018, AND SUCH REMAINDER INTEREST DID NOT VEST UNTIL THE DEATH OF ALL SUCH FOUR LIFE TENANTS. THE LAST REMAINING LIFE TENANT DIED ON AUGUST 3, 2018, AT THAT TIME ALL ASSETS WERE TRANSFERRED TO THE FOUNDATION. PRIOR PAYMENTS OF MINERAL LEASE BONUS PAYMENTS AND PROCEEDS FROM THE SALE OF ONE RANCH HAD BEEN PAID TO THE LIFE ESTATE AND REMAINDER BENEFICIARIES JOINTLY, BUT THE REMAINDER BENEFICIARY (FOUNDATION) WAS NOT LEGALLY ENTITLED TO SUCH FUNDS UNTIL ALL LIFE TENANTS WERE DECEASED. THEREFORE, THIS IS THE FIRST YEAR THE FOUNDATION HAS ACTUAL OR CONSTRUCTIVE RECEIPT OF SUCH PAYMENTS FOR PURPOSES OF SECTION 4940(C), AND SUCH PAYMENTS THAT CONSTITUTE "NET INVESTMENT INCOME" FOR 2018 UNDER SECTION 4940(C).REGULATION SECTION 53.4942(A)-2(C)(2)(I) APPLIES TO THE REMAINDER INTEREST IN THE RANCHES AND TO PROCEEDS FROM OIL AND GAS LEASE BONUS PAYMENTS RECEIVED IN PRIOR YEARS.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2016 | N/A | $1K | $0 | N/A |
| 2017 | N/A | $1K | $0 | N/A |
| 2018 | $180K | $96.4M | $592K | 1 |
| 2019 | $1.2M | $103.0M | $3.2M | 9 |
| 2020 | $4.8M | $102.3M | $380K | 20 |
| 2021 | $4.7M | $108.2M | $3.6M | 29 |
| 2022 | $5.2M | $96.8M | $6.8M | 26 |
| 2023 | $4.8M | $105.2M | $9.5M | 32 |
| 2024 | $5.0M | $105.5M | $9.0M | 38 |
Grant Size Distribution
Based on 155 grants on record
Geographic Distribution
Texas Counties Served
Top 10 counties
- 1 Bexar
- 2 Hidalgo
- 3 Kerr
- 4 Kendall
- 5 Harris
- 6 Comal
- 7 Schleicher
- 8 Gillespie
- 9 Brewster
- 10 Dallas
Officers & Directors
Grants Awarded (155 total)
| Purpose | ||||
|---|---|---|---|---|
| University of the Incarnate Word | San Antonio, TX | $1,633,300 | MAHER MISSION AND MINISTRY FUND FOR THE CARDINAL CUPBOARD AND SCHOLARSHIPS | 2023 |
| University of the Incarnate Word | San Antonio, TX | $1,506,006 | MAHER MISSION AND MINISTRY FUND FOR THE CARDINAL CUPBOARD AND SCHOLARSHIPS | 2022 |
| University of the Incarnate Word | San Antonio, TX | $1,265,694 | MAHER MISSION AND MINISTRY FUND FOR THE CARDINAL CUPBOARD AND SCHOLARSHIPS | 2020 |
| University of the Incarnate Word | San Antonio, TX | $1,140,000 | MAHER MISSION AND MINISTRY FUND FOR THE CARDINAL CUPBOARD AND SCHOLARSHIPS | 2021 |
| University of the Incarnate Word | San Antonio, TX | $1,125,000 | MAHER MISSION AND MINISTRY FUND FOR THE CARDINAL CUPBOARD AND SCHOLARSHIPS | 2024 |
| Texas Wildlfe Association Foundatio | San Antonio, TX | $1,118,000 | charitable contribution | 2020 |
| Great Hearts Academies | San Antonio, TX | $866,666 | FUND DEVELOPMENT OF IH-10 CAMPUS | 2020 |
| Texas Agricultural Land Trust | San Antonio, TX | $800,000 | CONSERVATION/EDUCATION | 2023 |
| Great Hearts Academies | San Antonio, TX | $666,667 | FUND DEVELOPMENT OF IH-10 CAMPUS | 2021 |
| Great Hearts Academies | San Antonio, TX | $666,667 | FUND DEVELOPMENT OF IH-10 CAMPUS | 2022 |
| Legacy School for Excellence in EDU | San Antonio, TX | $500,000 | MERGE WITH EXISTING CMOS | 2022 |
| Texas Wildlfe Association Foundation | San Antonio, TX | $500,000 | CONSERVATION AND EDUCATION | 2024 |
| Texas Wildlfe Association Foundatio | San Antonio, TX | $490,000 | CONSERVATION AND EDUCATION | 2021 |
| Texas Wildlfe Association Foundatio | San Antonio, TX | $456,500 | CONSERVATION AND EDUCATION | 2022 |
| Texas Wildlfe Association Foundatio | San Antonio, TX | $425,000 | CONSERVATION AND EDUCATION | 2023 |
| Trinity University | San Antonio, TX | $375,000 | SUPPORT THE CENTER FOR EDUCATIONAL LEADERSHIP | 2024 |
| Trinity University | San Antonio, TX | $360,000 | SUPPORT THE CENTER FOR EDUCATIONAL LEADERSHIP | 2022 |
| Trinity University | San Antonio, TX | $350,000 | TO SUPPORT THE CENTER FOR EDUCATIONAL LEADERSHIP | 2020 |
| Trinity University | San Antonio, TX | $350,000 | SUPPORT THE CENTER FOR EDUCATIONAL LEADERSHIP | 2021 |
| Texas Facilities Fund | New York, NY | $333,334 | SUPPORT CHARTER SCHOOLS WITH ACCESS TO LOW-COST, LONG-TERM FINANCING | 2024 |
| Texas Facilities Fund | New York, NY | $333,333 | SUPPORT CHARTER SCHOOLS WITH ACCESS TO LOW-COST, LONG-TERM FINANCING | 2022 |
| Texas Facilities Fund | New York, NY | $333,333 | SUPPORT CHARTER SCHOOLS WITH ACCESS TO LOW-COST, LONG-TERM FINANCING | 2023 |
| Trinity University | San Antonio, TX | $300,000 | SUPPORT THE CENTER FOR EDUCATIONAL LEADERSHIP | 2023 |
| School of Science and Technology | San Antonio, TX | $300,000 | ACQUISITION COSTS ASSOCIATED WITH FUTURE CAMPUS | 2024 |
| Texas Agricultural Land Trust | San Antonio, TX | $260,000 | CHARITABLE CONTRIBUTION | 2020 |
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