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Favrot Fund EIN 76-0638639

Favrot Fund

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A private foundation based in Houston, TX. It reported about $1.9M in revenue for 2025. For fiscal year 2025 it reported $1.9M in revenue, $1.2M in expenses, and $12.7M in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Houston, TX
Filings
6 on file (2020–2025)
Revenue
$1.9MFY2025
Expenses
$1.2M
Net assets
$12.7M
People
5
Filings
6
Updates
0
More identity details & actions ⌄
EIN  76-0638639 Private foundation / grantmaker Houston, TX
Form 990 (PDF)
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Size
$1–10M
What they do
A private foundation based in Houston, TX. It reported about $1.9M in revenue for 2025.
Leadership
Laurence Favrot · President/Trustee
Money in and out
$1.9M revenue, $1.2M expenses
Bottom line
—
Grants paid & assets · FY2025
Total revenue
$1.9M
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$12.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $694K
Total assets
12.8M
deployed as grants and operations
Grants paid
1.0M
in FY2025
Grants made
20grants
total in period
Payout rate
8%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 20 grants · $1.0M · 2025–2025
San Diego Museum of ArtCA · FY2025$104,400
The University of Texas at Austin College of Liberal ArtsFY2025$100,000
Forever Balboa ParkCA · FY2025$100,000
Cmc Foundation of Central Texas Aka Dell Children's FoundationFY2025$100,000
Glenwood Cemetery Historic Preservation FoundationFY2025$60,000
The Nature ConservancyVA · FY2025$50,000
The National Trust for Historic PreservationFY2025$50,000
The Metropolitan Museum of ArtNY · FY2025$50,000
The Museum of Fine Arts HoustonTX · FY2025$50,000
Levanta MinistriesFY2025$50,000
Imidido Project FBO Heart and Sole AfricaFY2025$50,000
The University of Texas Health Science Center at HoustonFY2025$40,000
Uc Santa Barbara FoundationCA · FY2025$40,000
Doctors Without BordersFY2025$40,000
Zoological Society of San DiegoCA · FY2025$25,000
Old Globe TheatreCA · FY2025$25,000
Longneck Manor Conservation FoundationTX · FY2025$25,000
Hill Country AllianceTX · FY2025$25,000
See all 20 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV12
Average grantPart XV$50K
Median grantPart XV$50K
Largest grantPart XV$104K
Top cause focusNTEEArts & Culture (25%)

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$1.9M
FY2025▲ +5%
Expenses
$1.2M
FY2025▼ -62%
Total assets
$12.8M
FY2025▲ +6%
Total liabilities
$14K
FY2025▼ -33%
Total revenue
$1.9M
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$12.7M
Pt X · Ln 32
Total assetsPt II$12.8M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFavrot Fund
EINHdr · item D76-0638639
Principal addressHdr · item CHouston, TX
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFNov 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Laurence Favrot
President/Trustee
$0Pt VII · Sec A
Romelia Favrot
Treasurer/Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Favrot Fund executive salaries →

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Statement of Revenue

Part VIII
Investment income100%$1.9M
Total revenueLn 12$1.9M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.81 Operating & administrative $0.19
Grants & contributions paid81%$1.0M
Operating & administrative19%$232K
Total functional expensesLn 25$1.2M

Balance Sheet

Part X · end of year
CashLn 1$533K
Total assetsLn 16$12.8M
Total liabilitiesLn 26$14K
Total net assetsLn 32$12.7M
Months of cash on handcomputed5.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $12.8M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $1.9M
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $1.9M
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $1.9M · Prior year $1.8M
+5%
Revenue CAGR
FY2020 $413K · FY2025 $1.9M
+36%
Net-asset trend (YoY)
End of year $12.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.9M · Expenses $1.2M
+36%
Liabilities-to-Assets
Total liabilities — · Total assets $12.8M
—
Net-asset ratio
Net assets $12.7M · Total assets $12.8M
100%
People & payroll
Highest Reported Total Compensation
Individual Laurence Favrot · Reported title PRESIDENT/TRUSTEE · Highest reported compensation $0 · Total expenses $1.2M
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 5%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.9M revenue · viewing · ⤓ 990 PDF
FY2024$1.8M revenue · ⤓ 990 PDF
FY2023$412K revenue · ⤓ 990 PDF
FY2022$544K revenue · ⤓ 990 PDF
FY2021$1.4M revenue · ⤓ 990 PDF
FY2020$413K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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