Greater Houston Community Foundation
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Greater Houston Community Foundation meets the 20 Standards for Charity Accountability.
Stated Purpose:
Growing effective philanthropy by connecting donors to the causes they care about, providing excellent stewardship of assets entrusted to us, and convening resources to address important community needs.
Year, State Incorporated:
1971, TX
In addition to assisting Houstonians with their charitable giving, the Greater Houston Community Foundation also provides: -Investment management services for other foundations and nonprofits -Customized philanthropic services -Administrative and operational services to private foundations -Strategy and administration of corporate giving programs. -Scholarship programs established by individuals, companies and organizations. Greater Houston Community Foundation disbursed 12,259 grants to various non-profit organizations in 2015.
For the year ended December 31, 2023, Greater Houston Community Foundation's program expenses were:
| Program | $10,249,391 |
| Total Program Expenses | $10,249,391 |
Chief Executive
Stephen Maislin, President & CEO
Chair of the Board
Chris Weekley, President
Chair's Profession / Business Affiliation
David Weekley Homes
Board Size
20
Paid Staff Size
26
Method(s) Used:
Invitations to fund raising events, Planned giving arrangements
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Greater Houston Community Foundation's audited financial statements - combined for the year ended December 31, 2023.
Source of Funds
| Contributions | $256,231,972 |
| Investment returns, net | $148,299,348 |
| Program income | $683,518 |
| Change in value of split interest agreements | $575,578 |
| Administrative fee revenue, net | $534,442 |
| Rental income | $227,000 |
| Total Income | $406,551,858 |
Programs: 4% Fundraising: 1% Administrative: 2%
| Total Income | $406,551,858 |
| Total expenses: | $268,224,337 |
| Program expenses | $10,249,391 |
| Fundraising expenses | $3,637,651 |
| Administrative expenses | $6,164,604 |
| Other expenses | $248,172,691 |
| Income in Excess of Expenses | $138,327,521 |
| Beginning Net Assets | $1,191,859,575 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $1,330,187,096 |
| Total Liabilities | $44,445,650 |
| Total Assets | $1,374,632,746 |
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
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RELATED CONTENT
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB of Greater Houston and South Texas