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The Abe and Annie Seibel Foundation

Profile

Last Updated: 2016-07-22

At A Glance

The Abe and Annie Seibel Foundation

2201 Market St., 10th Fl.

Galveston, TX United States 77550-1527

Telephone: (409) 770-7100

Type of Grantmaker

Independent foundation

Financial Data

(yr. ended 2015-07-31)

Assets: $37,980,339

Total giving: $5,608,860

EIN

746035556

BRIDGE Number

5315926146

Additional Contact Information

Application address: c/o Frost Bank, P.O. Box 8210, Galveston, TX 77553; tel.: (409) 770-5665

Background

Trust established in 1960 in TX

Purpose and Activities

Interest-free loans to needy and worthy full-time undergraduate students enrolled in four-year higher educational institutions.

Program Area(s)

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

Grants to Individuals Program

Interest-free undergraduate student loans to TX residents and graduates of TX high schools for full-time attendance at TX colleges and universities.

Seibel Foundation Loan Program

Recipients are selected on the basis of need and GPA and SAT scores. Minimum SAT scores of 1000 (for top 25 percent of the class) or 1100-1200 (for bottom 75 percent of the class) are required. Maximum loan amount is $4,000. Loans must be co-signed. A minimum monthly payment of $35 must be made while in school. Funds are usually made to the student in two disbursements, half of the approved amount for each semester. Upon completion of an undergraduate degree, students will have six years to repay the loan. College students must maintain a 2.75 overall GPA.

Fields of Interest

Subjects
  • Community college education
  • Education
  • University education
Population Groups
  • Academics
  • Low-income and poor people
  • Students

Financial Data

Year ended 2015-07-31

Assets: $37,980,339 (market value)

Expenditures: $6,367,999

Total giving: $5,608,860

Qualifying distributions: $6,002,209