The Elizabeth Huth Coates Charitable Foundation of 1992 makes distributions only on an annual basis. These grants are directed to 501(c)(3) organizations which fall within the principal charitable purposes of the foundation as outlined in Article 2 of the document. Article 2 reads as follows:
This trust is created and shall be operated exclusively for charitable, educational and scientific purposes. Without limiting the generality of the foregoing, the principal purpose of this trust is to provide financial assistance, to be used primarily in the State of Texas, with special emphasis to uses within Bexar County, Texas, for one or more of the following charitable purposes:
- The promotion, encouragement, understanding, appreciation and love of the arts.
- The support of educational institutions, with primary emphasis on those that would be commonly classified as private educational institutions as distinguished from public educational institutions.
- Medical research.