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Strake Foundation

Profile

Last Updated: 2016-05-11

At A Glance

Strake Foundation

712 Main St., Ste. 3300

Houston, TX United States 77002-3215

Telephone: (713) 400-1170

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Family foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $70,992,756

Total giving: $4,613,500

EIN

760041524

BRIDGE Number

0335512866

Background

Trust established in 1952 in TX; incorporated in 1983 - The Strake Foundation is the successor to Strake Charities Trust that was created in 1952 by its grantors, George W. Strake and his wife, Susan K. Strake. Mr. Strake was an oilman and philanthropist who left the majority of his estate to the trust when he died in 1969. On January 1, 1983, Strake Charitable Trust was dissolved and all assets were distributed to the newly-created Strake Foundation, a Texas nonprofit corporation Mr. Strake, who discovered the Conroe Oil Field in Montgomery County, TX, was active as a civic leader and served on the boards of numerous social service, youth, and Catholic organizations. The foundation is supported by Mr. Strake's endowment as well as by funds from the estate of Mrs. Susan K. Strake, who died in 1975, and by gifts from the founder's children, George W. Strake, Jr., who serves as president of the foundation, Georganna S. Parsley (deceased) and Susan S. Dilworth (deceased)

Purpose and Activities

Giving primarily to secondary and higher educational institutions, and for cultural and social services, including programs for youth.

Fields of Interest

Subjects
  • Catholicism
  • Child welfare
  • Diseases and conditions
  • Health
  • Higher education
  • Hospital care
  • Human services
  • Museums
  • Religion
  • Scouting programs
  • Secondary education
  • Zoos
Population Groups
  • Academics
  • Children and youth
  • Economically disadvantaged people
  • Ethnic and racial groups
  • Low-income and poor people
  • People with disabilities
  • Students

Financial Data

Year ended 2014-12-31

Assets: $70,992,756 (market value)

Expenditures: $5,489,261

Total giving: $4,613,500

Qualifying distributions: $4,921,271