ABE AND ANNIE SEIBEL FOUNDATION, THE

Financial Information

Total Assets: $38,496,138

Total Giving: $5,632,315

Area of Service:

Texas

Areas of Interest:

Not Available

Programs

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.

Grants

Grants in 2016:
Galveston College Foundation, $874,790
University of Texas Medical Branch at Galveston, $412,920

Limitations

Giving limited to graduates of TX high schools attending TX colleges and universities.

Summary

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

Additional

Type of Grantmaker: Independent foundation
Trust established in 1960 in TX.

Quick Facts Sheet
URL:

http://www.frostbank.com/

Located in:

Galveston,

Texas

United States

Contact Information / Process

Initial Approach: Telephone or letter requesting application form

Deadline: Feb. 28

2201 Market St. 10th Floor Galveston, TX 77550

Phone: (409)771-5270
Fax: (409) 770-7166

Donors & Leadership

Donors:
Abe and Annie Seibel

Officers and Directors:
Ellen Druss, Director
Marshal Klaven, Director
Frost National Bank, Trustee

EIN:

746035556