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Amarillo Business Foundation is a private corporation based in AMARILLO, TX. The foundation received its IRS ruling in 1999. It holds total assets of $4.2M. Annual income is reported at $1.4M. The foundation is governed by 6 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Texas. According to available records, Amarillo Business Foundation has made 54 grants totaling $1M, with a median grant of $15K. The foundation has distributed between $237K and $536K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $536K distributed across 28 grants. Individual grants have ranged from $5K to $50K, with an average award of $19K. The foundation has supported 31 unique organizations. Grant recipients are concentrated in Texas.
Smallest Grant
$5K
Median Grant
$15K
Average Grant
$16K
Largest Grant
$25K
Based on 15 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Amarillo Business Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 54 grants. Its grantmaking reaches organizations primarily in TX.
Amarillo Business Foundation has distributed a total of $1M across 54 grants. The median grant size is $15K, with an average of $19K. Individual grants have ranged from $5K to $50K.
Funds are contributed to organizations for the purpose of improving or constructing buildings in potter and randall county that improve the greater amarillo area. Funds are also provided for area scholarship programs and general charitable purposes.
Amarillo Business Foundation is headquartered in AMARILLO, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Louise Ross | EXECUTIVE DI | $32K | $0 | $32K |
| Andrew Mitchell | SECRETARY | $0 | $0 | N/A |
| George Raffkind | TREASURER | $0 | $0 | N/A |
| Mike Hughes | DIRECTOR | $0 | $0 | N/A |
| William T Ware | PRESIDENT | $0 | $0 | N/A |
| Benjamin Whittenburg | VICE-PRESIDE | $0 | $0 | N/A |
Total Giving
$300K
Total Assets
$4.3M
Fair Market Value
$4.7M
Net Worth
$4.3M
Grants Paid
$237K
Contributions
N/A
Net Investment Income
$206K
Distribution Amount
$222K
Total: N/A
Total Grants
54
Total Giving
$1M
Average Grant
$19K
Median Grant
$15K
Unique Recipients
31
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Kids IncROCKROSE SPORTS PARK | Amarillo, TX | $50K | 2023 |
| Buffalo CouncilPURCHASE OF BUILDING | Amarillo, TX | $50K | 2023 |
| Amarillo College FoundationBLACK BOX THEATER LIGHTING | Amarillo, TX | $25K | 2023 |
| Opportunity SchoolOUTDOOR CLASSROOM | Amarillo, TX | $25K | 2023 |
| Martha'S HomePORTABLE BUILDING COMPUTER LAB | Amarillo, TX | $22K | 2023 |
| 7 Star Horse TherapyTHERAPEUTIC RIDING/EQUINE THERAPY | Amarillo, TX | $20K | 2023 |
| Don Harrington Discovery CenterMEZZANINE CLASSROOM | Amarillo, TX | $15K | 2023 |
| United Way Of Amarillo And CanyonCAMPAIGN CONTRIBUTION | Amarillo, TX | $15K | 2023 |
| Golden Spread Council Boy ScoutsSTEM AFTER-SCHOOL PROGRAM | Amarillo, TX | $5K | 2023 |
| Friends Of Aj SwopeTX PANHANDLE FIRST RESPONDERS MEMORI | Amarillo, TX | $5K | 2023 |
| Pets Clinic Of AmarilloCONSTRUCTION OF CLINIC | Amarillo, TX | $5K | 2023 |
| Another Chance HouseRENOVATE/EXPAND VETERAN HOUSE | Amarillo, TX | $25K | 2022 |
| Downtown Women'S CenterRENOVATE GRATITUDE HOUSE | Amarillo, TX | $25K | 2022 |
| Faith City Mission3000 SQ FT ADDITION DOWNTOWN | Amarillo, TX | $25K | 2022 |
| Family Support ServicesREMODEL 2209 SW 7TH | Amarillo, TX | $25K | 2022 |
| High Plains Food BankFOOD PURCHASES | Amarillo, TX | $20K | 2022 |
| Lonestar BalletSECURITY SYSTEM | Amarillo, TX | $15K | 2022 |
| Amarillo Wesley Commnity CenterIMPROVEMENT SOUTH CAMPUS | Amarillo, TX | $15K | 2022 |
| Amarillo Habitat For HumanityBUILDING HOUSE 904 SE 21ST | Amarillo, TX | $15K | 2022 |
| Turn CenterREPLACE FLOORING TREATMENT ROOMS | Amarillo, TX | $10K | 2022 |
| Amarillo SymphonyPURCHASE OF INSTRUMENTS | Amarillo, TX | $10K | 2022 |
| Maverick Boys And Girls ClubRENOVATE CLASSROOM | Amarillo, TX | $10K | 2022 |
| Snack Pak 4 KidsFOOD PURCHASES | Amarillo, TX | $8K | 2022 |
| Life Challenge Of AmarilloDRILLING WATER WELL | Amarillo, TX | $25K | 2020 |
| Southwest AmbucsBUILD INCLUSIVE PARK CANYON | Amarillo, TX | $25K | 2020 |
| Catholic Charities Of The TexasREMODEL SPRING ST BUILDING | Amarillo, TX | $20K | 2020 |
| Lone Star BalletPURCHASE USED TRUCK | Amarillo, TX | $15K | 2020 |
| Maverick Boys & Girls ClubREPLACE FLOORING | Amarillo, TX | $10K | 2020 |