1946

• Trust Indenture creating the Galveston Fund is signed by the five donors (I.H. Kempner, Daniel W. Kempner, R. Lee Kempner, Stanley E. Kempner and Harris L. Kempner) and the five founding trustees (Daniel W. Kempner, R. Lee Kempner, Harris L. Kempner, I.H. Kempner, Jr., and Frances A. Lynch).

• Asset value began at $38,500; trustees approved grants to seven churches totaling $1,300.