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Roy F. and Joann Cole Mitte Foundation


Last Updated: 2016-05-29

At A Glance

Roy F. and Joann Cole Mitte Foundation

1008 West Ave.

Austin, TX United States 78701-2019

Telephone: (512) 233-5599


Type of Grantmaker

Independent foundation

Additional Descriptor

  • Family foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $20,630,094

Total giving: $308,077





Additional Contact Information

Grant application e-mail:


Established in 1994 in TX - Roy F. Mitte was raised in a family of modest means in Brownsville, Texas. After graduating from Brownsville High School in 1949, Roy went to Southwest Texas State Teachers College in San Marcos, Texas. While at Southwest Texas, Mitte met Joann Cole, an elementary education major from Bertram. The two were married during their senior year and graduated in 1953 with degrees and teaching credentials After graduation, Roy joined the Army and served in Korea. When he returned to Texas, Roy taught school and coached basketball at Lampasas High School. In 1959, Roy left coaching and began selling insurance for Aetna Life and Casualty Co. He and his family then moved to Norfolk, VA, where he joined Lincoln National Life Insurance Co. In 1972, Roy's unprecedented success led him to form his own insurance operation, FIC, which he developed into a successful corporation over the next thirty years

Purpose and Activities

Giving primarily for: 1) Education, particularly college access and readiness preparation in grades 6-12; 2) Aging, with emphasis on aging in place and increasing public awareness of aging issues; and 3) Therapeutic and rehabilitative services for the mentally and/or physically disabled, with focus upon individual self sufficiency, functionality, and improved quality of life. .

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Scholarship Program

The foundation provides funding for scholarship programs in the business schools of Texas A&M University, Ohio State University, Indiana University, and Penn State University. Scholarships are $5,000 per year, per student. Scholarship program at Texas State University is distributed throughout all disciplines and schools. Currently, the foundation is not making any additional scholarship, faculty, or research grants. Unsolicited requests are not accepted.

Fields of Interest

  • Education
  • Health
  • Philanthropy
  • University education
Population Groups
  • Academics
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people
  • Seniors
  • Students

Financial Data

Year ended 2014-12-31

Assets: $20,630,094 (market value)

Expenditures: $904,887

Total giving: $308,077

Qualifying distributions: $474,357