The foundation directs almost all of its funding toward religiously affiliated education, with a strong emphasis on Catholic institutions and clerical/priests’ formation. Giving is concentrated in a small set of recipients (many with multiple grants), suggesting strategic, large-scale investments in faith-based schools, trusts, and formation programs rather than broad-based philanthropic diversification. While based in Houston, grants appear to support organizations with regional or national reach. The foundation favors capital or program support for religious education and institutional sustainability.
A single $20,000,000 grant to Saint John Evangelist Trust stands out in Investment and Research in Education Inc’s recent giving and points to a funder making very large commitments to religious education. The foundation’s portfolio is not broad and scattered; it is built around Catholic and church-affiliated institutions, with repeated support for trusts, holdings entities, and formation programs that keep those institutions operating. Recent grants also show attention to clerical training, including support for the LC Fund for Priestly Formation, which fits the broader pattern of backing priestly formation alongside schooling. Other recipients such as CRC Charitable Inc and LCNA Atlanta Inc appear in the recent list, suggesting a concentrated approach in which the same faith-based networks receive substantial, recurring support. The foundation also directs meaningful dollars to Houston-linked recipients, reflecting ties to education and religious infrastructure in the city while still funding organizations with regional reach. Across the recent grants, the throughline is institutional support for Catholic education and formation rather than smaller, distributed charitable awards.
Catholic parish and church-affiliated education is the clearest theme in the recent grants. In 2023, Investment and Research in Education Inc gave $2,425,675 to CRC Charitable Inc for religious education, and in 2025 it awarded $1,500,000 to LCNA Atlanta Inc for the same purpose. The foundation also backed institutional infrastructure tied to that network, including $1,528,963 to LCMRC Holdings in Houston for religious education. Priestly formation is another distinct focus: a 2025 grant of $876,044 went to LC Fund for Priestly Formation. Support for related entities extends beyond one campus or one city, with LCNA Atlanta Inc also appearing in 2023 in Edgerton, Wisconsin, for $569,204. The pattern points to sustained funding for Catholic schooling, clergy preparation, and the organizations that support both.
Typical grant size is large: the p25 is $432,153, the median is $1,049,084, and the p75 is $1,753,141. That profile matches a funder making institutional-scale awards rather than small competitive grants. The recent list also shows recurrence: LCNA Atlanta Inc appears in both 2023 and 2025, and LCMRC Holdings appears twice in 2025, which suggests ongoing support for a small set of recipients. Investment and Research in Education Inc is a public charity, does not fund individuals, and does not make program-related investments. The grant record provided does not show an application process, which is consistent with this being a relationship-driven grantmaker.
$22.7M
$62.7M
$42.3M
$26.8M
Most grants fall between $432K and $1.8M, with a median of $1M.
25th Percentile
$432K
Median
$1M
75th Percentile
$1.8M
About 50% of grants go to recipients in TX.
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Highly concentrated: very few large grants make up most giving, with multiple repeat awards to the same religious education and Catholic formation organizations rather than many small, one-off grants.
Notable grantees: Saint John Evangelist Trust, CRC Charitable Inc, LCNA Atlanta Inc, LC Fund for Priestly Formation
Giving is concentrated in Texas, which accounts for 50% of grants to recipients in the foundation’s home state and is also the top state by grant count. Houston appears several times in the recent list, including LCMRC Holdings and Educational Developers. Outside Texas, Cumming, Georgia is a recurring recipient location, with Saint John Evangelist Trust, CRC Charitable Inc, LCNA Atlanta Inc, and LC Fund for Priestly Formation all listed there. Another recipient appears in Edgerton, Wisconsin. All recent grants shown are to U.S. recipients.
The foundation focuses on religiously affiliated education, especially Catholic institutions, parish and church-linked K–12 education, and clergy formation. Recent grants also include support for trusts and holdings entities tied to that educational network.
The grant-size distribution is substantial: p25 is $432,153, median grant size is $1,049,084, and p75 is $1,753,141. The recent list also includes a $20,000,000 grant, showing that some awards are far larger than the median.
No. The recipient country distribution shows 8 grants to U.S. organizations, representing 100% of the recent grants provided.
Yes. LCNA Atlanta Inc appears in both 2023 and 2025, and LCMRC Holdings appears twice in 2025. That pattern suggests ongoing relationships with a small set of grantees rather than one-time awards.
Texas is the top state by grant count, and 50% of grants go to recipients in the foundation’s home state of Texas. Recent recipient cities include Houston, Cumming, and Edgerton.
2025
Source: IRS Form 990-PF, fiscal year 2025.
Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| Saint John Evangelist Trust | CUMMING, GA | $20,000,000 | 2025 | RELIGIOUS /EDUCATION |
| LCNA Atlanta Inc | CUMMING, GA | $1,500,000 | 2025 | RELIGIOUS /EDUCATION |
| LC Fund for Priestly Formation | CUMMING, GA | $876,044 | 2025 | RELIGIOUS /EDUCATION |
| LCMRC HOLDINGS | HOUSTON, TX | $317,759 | 2025 | RELIGIOUS /EDUCATION |
| LCMRC Holdings | Houston, TX | $1,528,963 | 2024 | RELIGIOUS/EDUCATION |
| CRC Charitable Inc | Cumming, GA | $2,425,675 | 2023 | RELIGIOUS/EDUCATION |
| LCNA Atlanta Inc | Edgerton, WI | $569,204 | 2023 | RELIGIOUS/EDUCATION |
| Educational Developers | Houston, TX | $21,000 | 2023 | RELIGIOUS/EDUCATION |
Saint John Evangelist Trust
$20,000,000RELIGIOUS /EDUCATION
LCNA Atlanta Inc
$1,500,000RELIGIOUS /EDUCATION
LC Fund for Priestly Formation
$876,044RELIGIOUS /EDUCATION
LCMRC HOLDINGS
$317,759RELIGIOUS /EDUCATION
LCMRC Holdings
$1,528,963RELIGIOUS/EDUCATION
CRC Charitable Inc
$2,425,675RELIGIOUS/EDUCATION
LCNA Atlanta Inc
RELIGIOUS/EDUCATION
Educational Developers
$21,000RELIGIOUS/EDUCATION