Favrot Fund is located in Houston, TX. The organization was established in 2000. 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. Favrot 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 12/2022, Favrot Fund generated $543.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Favrot Fund has awarded 117 individual grants totaling $4,393,000. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Laurence Favrot President/trustee | 1 | $0 | |
Romelia Favrot Treasurer/trustee | 1 | $0 | |
Leo M Favrot Trustee | 1 | $0 | |
Jeanette F Peterson Trustee | 1 | $0 | |
Lenior M Josey Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $342,777 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $200,751 |
Capital Gain Net Income | $200,751 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $543,528 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $8,056 |
Depreciation | $0 |
Occupancy | $11,847 |
Travel, conferences, and meetings | $12,933 |
Printing and publications | $0 |
Other expenses | $4,865 |
Total operating and administrative expenses | $208,261 |
Contributions, gifts, grants paid | $1,001,000 |
Total expenses and disbursements | $1,209,261 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $374,636 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Other assets | $1,719 |
Total assets | $14,350,778 |
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 | $6,953 |
Total liabilities | $6,953 |
Over the last fiscal year, Favrot Fund has awarded $1,001,000 in support to 24 organizations.
Grant Recipient | Amount |
---|---|
DRIVE A SENIOR CENTRAL TEXAS (LMF) PURPOSE: THE MISSION OF DRIVE A SENIOR IS TO ENRICH LIVES AND COMMUNITIES BY PROVIDING TRANSPORTATION AND SOCIALIZATION TO NON-DRIVING SENIORS, HELPING THEM TO AGE IN PLACE. THE PURPOSE OF THE GRANT IS FUNDING TO BE USED AS FOLLOWS: 1) $23,500 FOR FUND STAFF FOR OUTREACH EVENTS TO RECRUIT NEW VOLUNTEERS AND CLIENTS; 2) $12,000 TO PRODUCE MORE PRINT AND VISUAL MATERIALS IN ENGLISH AND SPANISH; 3) $8,0000 TO HIRE LOCAL PHOTOGRAPHER, VIDEOGRAPHER AND SOCIAL MEDIA SPECIALIST; 4) $5,000 TO PRODUCE MERCHANDISING PRODUCTS AND PRINT MATERIALS; AND 5) $6,500 TO HOLD VOLUNTEER APPRECIATION AND RECRUITMENT EVENTS. | $55,000 |
GLENWOOD CEMETERY HISTORIC PRESERVATION FOUNDATION (LMF) PURPOSE: THE GLENWOOD CEMETERY HISTORIC PRESERVATION FOUNDATION WAS FORMED IN 1999 TO RAISE FUNDS FOR THE PRESERVATION OF HISTORIC GLENWOOD CEMETERY (1871) TO PAY FOR TREE AND LANDSCAPE MAINTENANCE, REPAIRS AND RESTORATION OF HISTORIC MONUMENTS, AND SPECIAL PROJECTS LIKE EROSION CONTROL. THE PURPOSE OF THE GRANT IS TO PROVIDE FUNDING AS FOLLOWS: 1) $45,000 FOR THE CONSTRUCTION OF THE CENTER FOR GLENWOOD; AND 2) $15,000 FOR A SPECIFIC FAMILY PLOT AS WELL AS GENERAL MAINTENANCE OF THE CEMETERY. | $60,000 |
HILL COUNTRY ALLIANCE (RF) PURPOSE: THE MISSION OF THE HILL COUNTRY ALLIANCE IS TO BRING TOGETHER AN EVER-EXPANDING ALLIANCE OF GROUPS THROUGHOUT A MULTI-COUNTY REGION OF CENTRAL TEXAS WITH THE LONG-TERM OBJECTIVE OF PRESERVING OPEN SPACES, WATER SUPPLY, WATER QUALITY, AND THE UNIQUE CHARACTER OF THE TEXAS HILL COUNTRY. THE PURPOSE OF THE GRANT IS TO HIRE A LANDOWNER OUTREACH AND STEWARD COORDINATOR. | $25,000 |
HOPE STONE INC (LMJ) PURPOSE: THE OBJECTIVE OF HOPE STONE IS TO USE INNOVATIVE PERFORMANCE ART TO IMPROVE AND STRENGTHEN THE LIVES OF AT-RISK CHILDREN IN THE GREATER HOUSTON COMMUNITY. THE PURPOSE OF THE GRANT IS TO PROVIDE OPERATING FUNDS FOR THE PROGRAM NAMED THE HOPE PROJECT. | $5,000 |
HOUSTON ZOO INC (RF) PURPOSE: THE HOUSTON ZOO CONNECTS COMMUNITIES WITH ANIMALS TO INSPIRE ACTION TO SAVE WILDLIFE AND IS COMMITTED TO BEING A LEADER IN THE GLOBAL EFFORT TO SAVE ANIMALS IN THE WILD. THE PURPOSE OF THE GRANT IS TO SUPPORT CONSERVATION HERITAGE TURAMBES EDUCATORS, EFFECTIVE CONSERVATION EDUCATION AND LIVELIHOOD PROGRAMS, AND HEALTH INITIATIVES IN RWANDA COMMUNITIES LIVING AROUND WILDLIFE, ESPECIALLY THE GORILLA. | $50,000 |
IMIDIDO PROJECT FBO HEART AND SOLE AFRICA (RF) PURPOSE: THE MISSION OF HEART AND SOLE AFRICA IS TO ERADICATE PRODOCONIOSIS THROUGH COMPASSIONATE SERVICE, HEALTH EDUCATION, AND COMMUNITY EMPOWERMENT. THE PURPOSE OF THE GRANT IS TO FUND AN APPROPRIATE 4-WHEEL DRIVE VEHICLE TO ALLOW THE DEDICATED HASA TEAM TO ACCESS MORE COMMUNITIES THROUGHOUT RWANDA AND BEYOND TO PROVIDE NEEDED MEDICAL SUPPLIES, TREATMENTS, AND PREVENTION EDUCATION. | $25,000 |