RL & DG Tusch Foundation
EIN 823016357About
We respectfully request that R.L. & D.G. Tusch Foundation's quarterly estimated taxes for taxable year ending December 31, 2024 be treated as timely and request that the $25 penalty indicated on Form 2220 be abated because the underpayment in Q2, Q3, and Q4 was due to reasonable cause. Treasury Regulations Sec 301.6651-1(c)(1) defines reasonable by asking whether the taxpayer exercised ordinary business care and prudence. The Foundation exercised care and prudence in seeking a reputable firm knowledgeable about exempt organizations to calculate its quarterly estimates for tax period ending December 31, 2024. The firm's software correctly determined that the foundation could pay its Q2, Q3 and Q4 estimate based on prior year tax liability. However, since that liability was under $500, the software incorrectly indicated that no quarterly payment was due. As soon as the error was discovered, the foundation paid the required tax. We believe that the underpayment was due to reasonable cause and in no way due to an intentional disregard for the rules and respectfully request that no 2220 penalty be assessed.
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2018 | N/A | $351K | $141K | N/A |
| 2019 | N/A | $489K | $138K | N/A |
| 2020 | $10K | $335K | $19K | 9 |
| 2021 | $12K | $547K | $119K | 6 |
| 2022 | $14K | $919K | $122K | 6 |
| 2023 | $30K | $959K | $133K | 8 |
| 2024 | $39K | $1.1M | $182K | 8 |
Grant Size Distribution
Based on 37 grants on record
Geographic Distribution
Texas Counties Served
Top 6 counties
- 1 Travis
- 2 Hays
- 3 Colorado
- 4 Harris
- 5 Guadalupe
- 6 Caldwell
Officers & Directors
Grants Awarded (37 total)
| Purpose | ||||
|---|---|---|---|---|
| Texas Land Conservancy | Austin, TX | $11,000 | General & Unrestricted | 2023 |
| Hillsdale College | Hillsdale, MI | $10,000 | General & Unrestricted | 2023 |
| Hillsdale College | Hillsdale, MI | $10,000 | General & Unrestricted | 2024 |
| Texas Land Conservancy | Austin, TX | $10,000 | General & Unrestricted | 2024 |
| Uatx | Austin, TX | $10,000 | General & Unrestricted | 2024 |
| Texas Land Conservancy | Austin, TX | $5,500 | General & Unrestricted | 2022 |
| Wimberley Village Library Foundation | Wimberley, TX | $5,000 | Building Fund | 2021 |
| Wimberley Village Library Foundation | Wimberley, TX | $5,000 | General & Unrestricted | 2022 |
| San Marcos River Foundation Inc | San Marcos, TX | $4,000 | General & Unrestricted | 2023 |
| Texas Land Conservancy | Austin, TX | $3,000 | General & Unrestricted | 2021 |
| Commemorative Air Force | San Marcos, TX | $2,000 | General & Unrestricted | 2020 |
| Texas Land Conservancy | Austin, TX | $2,000 | General & Unrestricted | 2020 |
| Hillsdale College | Hillsdale, MI | $2,000 | General & Unrestricted | 2021 |
| Wimberley Village Library Foundation | Wimberley, TX | $2,000 | General & Unrestricted | 2023 |
| Coastal Prairie Conservancy | Houston, TX | $2,000 | General & Unrestricted | 2024 |
| Lowell Area Historical Association | Lowell, MI | $2,000 | new building fund | 2024 |
| Nesbitt Memorial Library Foundation Inc | Columbus, TX | $2,000 | General & Unrestricted | 2024 |
| San Marcos River Foundation Inc | San Marcos, TX | $2,000 | General & Unrestricted | 2024 |
| Hillsdale College | Hillsdale, MI | $2,000 | General & Unrestricted | 2022 |
| Wimberley Village Library Foundation | Wimberley, TX | $1,600 | General & Unrestricted | 2020 |
| Hillsdale College | Hillsdale, MI | $1,000 | General & Unrestricted | 2020 |
| Pioneer Flight Museum | Kingsbury, TX | $1,000 | General & Unrestricted | 2020 |
| San Marcos River Foundation Inc | San Marcos, TX | $1,000 | General & Unrestricted | 2020 |
| San Marcos River Foundation Inc | San Marcos, TX | $1,000 | General & Unrestricted | 2021 |
| Hill Country Community Band Inc | Wimberley, TX | $1,000 | General & Unrestricted | 2023 |