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Rockwell Fund, Inc.

Profile

Last Updated: 2016-05-29

At A Glance

Rockwell Fund, Inc.

770 S. Post Oak Ln., Ste. 525

Houston, TX United States 77056-6660

Telephone: (713) 629-9022

URL: www.rockfund.org

Type of Grantmaker

Independent foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $87,015,497

Total giving: $2,964,630

EIN

746040258

BRIDGE Number

3837906436

Background

Trust established in 1931; incorporated in 1949 in TX; merged with Rockwell Brothers Endowment, Inc. in 1981 - Rockwell Fund, Inc. began in 1931 as a charitable trust created pursuant to the will of James M. Rockwell, an early Houston lumberman, investor and civic leader. In 1949, the trust was reorganized as a Texas not-for-profit corporation. Mr. Rockwell and his wife, Sarah Wade Rockwell, owed their fortune to a string of retail lumberyards in West Texas and New Mexico. Mr. and Mrs. Rockwell's estates, as well as those of three of their four children (James W., Lillian and Henry M.) were added to the foundation at various times between 1931 and 1978 when the last of the immediate family, Henry, died. The lumberyards were disposed of years ago, and today the Fund's assets consist of $117 million in securities. A board of trustees and a staff of six administer the fund

Purpose and Activities

The foundation's grantmaking priorities focus on tackling issues in a comprehensive and coordinated manner to provide the best outcomes for low-income individuals, families and communities. Its current Issue Areas are: Education: Dropout prevention strategies that target the intermediate and middle school years; Health: Community-based health services, including physical, mental and behavioral health; Housing: Supportive housing, defined as affordable housing coupled with on-site support services needed to achieve self-sufficiency; Workforce Development: Job training/placement and jobs creation/small business development opportunities.

Program Area(s)

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

Program-Related Investment

The foundation has made a PRI in the form of a loan to a community health clinic. Historically, the foundation has made PRIs in the form of short-term loans to health centers and symphony orchestras for expansion, operating support and interim financing.

Fields of Interest

Subjects
  • Child welfare
  • Community and economic development
  • Community improvement
  • Family services
  • Housing services
  • Human services
  • Job creation and workforce development
  • Job training
  • Mental and behavioral disorders
  • Mental health care
  • Mental health counseling
  • Nonprofits
  • Preventive care
  • Secondary education
Population Groups
  • Adolescents
  • Adults
  • Children
  • Children and youth
  • Dropouts
  • Economically disadvantaged people
  • Ethnic and racial groups
  • Female adults
  • Female children and youth
  • Female young adults
  • Females
  • Homeless people
  • Low-income and poor people
  • Male adults
  • Male children and youth
  • Male young adults
  • Males
  • People of Latin American descent
  • People with psychosocial disabilities
  • Preteens
  • Single parents
  • Young adults
Organizations
  • Associations

Financial Data

Year ended 2014-12-31

Assets: $87,015,497 (market value)

Gifts received: $500

Expenditures: $4,716,215

Total giving: $2,964,630

Qualifying distributions: $3,915,699