Glaser Family Foundation

The Glaser Family Foundation is a nonprofit organization based in Bonham, Texas, that gives grants to local Texas charities and scholarships for high school students. 1 The foundation says it exists to “strengthen educational and cultural opportunities, protect children’s health, and support Christian ministries,” and accepts grant applications from organizations in the Fannin County, Texas area. 2

At-A-Glance

Website: gfcf.org
Location: Bonham, TN View on map
Tax ID: 75-2941896
Most Recent Filing: 2023
Budget (2023): Assets: $1,519,132 Revenue: $180,905 Expenses: $277,962

Contents

    Grantmaking

    In 2021, the foundation gave grants to many organizations including Bethlehem Baptist Church, Bonham Area Chamber of Commerce, Bonham Texas Star 4-H Club, Fannin County Childrens Center, Fannin Pregnancy Care Center, and New Zion Baptist Church. 3

    The Glaser Family Foundation also made scholarship payments to many colleges and universities, including the University of Oklahoma, Texas A&M University, Texas State University, University of Texas, and Dallas Baptist University. 3

    Finances

    In 2021, the Glaser Family Foundation reported $227,703 in total revenue and $256, 265 in expenses and disbursements. 4 In 2020, the foundation reported $153,734 in total revenue and $262,490 in expenses and disbursements. 5

    Financial Statistics

    Total Assets

    Total Revenue

    Total Expenses

    YearTotal AssetsTotal RevenueTotal ExpensesFiling
    2023 $1,519,132 $180,905 $277,962 View
    2022 $1,783,750 $874,445 $296,513 View
    2021 $1,389,190 $227,703 $256,265 View
    2020 $1,351,499 $153,734 $262,490 View
    2019 $1,429,586 $103,297 $266,671 View

    Prior year filings: 2015, 2014, 2013, 2012, 2011

    Expenses Detail

    Employee Compensation

    Highest Earning Employees

    EmployeeTitleTotal Compensation
    Cynthia A BankstonEXECUTIVE DIRECTOR$61,749

    Grant Activity

    All-time grants given statistics from Candid dataset:

    • Total Grant Value: $890,260
    • Number of Grants: 506
    • Number of Recipients: 174

    Selection of highest value grants given from the last seven years:

    AmountYearFunderSubject
    $31,1652022 Community Well TexasCOMMUNITY
    $28,0002022 Fannin County Childrens Center IncCHILDRENS BENEFIT
    $18,7202023 Fannin County Childrens Center IncCHILDRENS BENEFIT
    $18,0002021 Fannin County Childrens Center IncCHILDRENS BENEFIT
    $9,0002023 Honor Society of Phi Kappa PhiSCHOLARSHIPS
    $8,8002020 Texas A&M University-CommerceScholarships
    $8,4002020 Fannin County Childrens Center IncChildrens benefit
    $7,8502022 Psi Chi the National Honor Society in PsychologySCHOLARSHIPS
    $6,8002021 Texas A&M UniversitySCHOLARSHIPS
    $6,4002021 Austin CollegeSCHOLARSHIPSSCHOLARSHIPS
    $6,3002021 Texas A&M University-CommerceSCHOLARSHIPS
    $5,1502022 Austin CollegeSCHOLARSHIPS
    $5,0502022 Texas A&m UniversitySCHOLARSHIPS
    $5,0002020 Grant Halliburton FoundationCommunity
    $5,0002020 THE CHILD AND FAMILY GUIDANCE CENTER OF TEXOMACommunity
    $4,9002020 Texas A&M UniversityScholarships
    $4,5502023 Chi Alpha at Texas A&M UniversitySCHOLARSHIPS
    $3,7502021 American Pharmacists Association Academy of Student PharmacistsSCHOLARSHIPS
    $3,7502021 Oklahoma State UniversitySCHOLARSHIP
    $3,7502020 Austin CollegeScholarshipsscholarships
    $3,6502022 University of North TexasSCHOLARSHIPS
    $3,3002022 Texas Tech UniversitySCHOLARSHIPS
    $3,2002023 Association for Computing MachinerySCHOLARSHIPS
    $3,2002021 Psi Chi the National Honor Society in PsychologySCHOLARSHIPS
    $3,1002022 American Pharmacists Association Academy of Student PharmacistsSCHOLARSHIPS

    References

    1. “Student Scholarships.” Glaser Family Foundation. Accessed December 3, 2023. https://gfcf.org/Scholarships.html.
    2. “Charitable Grants.” Glaser Family Foundation. Accessed December 3, 2023. https://gfcf.org/Grants.html.
    3. Return of Organization Exempt from Income Tax (Form 990). Glaser Family Foundation. Part XIV. 2021. https://projects.propublica.org/nonprofits/organizations/752941896/202221809349100502/full.
    4. Return of Organization Exempt from Income Tax (Form 990). Glaser Family Foundation. Part I. 2021. https://projects.propublica.org/nonprofits/organizations/752941896/202221809349100502/full.
    5. Return of Organization Exempt from Income Tax (Form 990). Glaser Family Foundation. Part I. 2020. https://projects.propublica.org/nonprofits/organizations/752941896/202131969349100313/full.