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Charles C Matthews Foundation is a private trust based in CARTHAGE, TX. The foundation received its IRS ruling in 1999. The principal officer is Charles C Matthews. It holds total assets of $13.7M. Annual income is reported at $1.4M. The foundation is governed by 5 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Texas. According to available records, Charles C Matthews Foundation has made 80 grants totaling $2.8M, with a median grant of $10K. Annual giving has grown from $538K in 2020 to $722K in 2023. Grantmaking activity was highest in 2022 with $1.6M distributed across 44 grants. Individual grants have ranged from $250 to $300K, with an average award of $35K. The foundation has supported 21 unique organizations. The foundation primarily supports organizations in Texas, Tennessee, Arkansas, which account for 96% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$10K
Average Grant
$34K
Largest Grant
$250K
Based on 16 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.
Charles C Matthews Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 80 grants. Its grantmaking reaches organizations primarily in TX, TN, AR.
Charles C Matthews Foundation has distributed a total of $2.8M across 80 grants. The median grant size is $10K, with an average of $35K. Individual grants have ranged from $250 to $300K.
Charles C Matthews Foundation typically selects its grantees rather than accepting unsolicited proposals.
Charles C Matthews Foundation is headquartered in CARTHAGE, TX. While based in TX, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Robert M Underwood | TRUSTEE | $65K | $0 | $65K |
| Jimmy D Payne | TRUSTEE | $65K | $0 | $65K |
| David Bush | TRUSTEE | $65K | $0 | $65K |
| Richard Ballenger | TRUSTEE | $65K | $0 | $65K |
| Vermoyn D Reeder | TRUSTEE | $65K | $0 | $65K |
Total Giving
$1.2M
Total Assets
$13.5M
Fair Market Value
$17.3M
Net Worth
$13.5M
Grants Paid
$722K
Contributions
N/A
Net Investment Income
$412K
Distribution Amount
$803K
Total: $3.1M
Total Grants
80
Total Giving
$2.8M
Average Grant
$35K
Median Grant
$10K
Unique Recipients
21
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| First United Methodist ChurchDONATION - BUILDING FUND | Carthage, TX | $5K | 2023 |
| University Of ArkansasSCHOLARSHIP | Fayetteville, AR | $9K | 2022 |
| Panola CollegeENERGY BUILDING | Carthage, TX | $300K | 2023 |
| Carthage Isd FoundationSCHOLARSHIPS | Carthage, TX | $100K | 2023 |
| City Of CarthageFIRE TRAINING FACILITY | Carthage, TX | $50K | 2023 |
| Still Waters Cowboy ChurchCHILDREN'S EXPANSION PROJ BLDG | Carthage, TX | $35K | 2023 |
| Beckville Isd FoundationDONATION | Beckville, TX | $30K | 2023 |
| Gary Independent School DistrictSCHOLARSHIPS | Gary, TX | $15K | 2023 |
| Panola Co Cancer CoalitionDONATION | Carthage, TX | $15K | 2023 |
| St Jude'S Children Research CenterDONATION | Memphis, TN | $8K | 2023 |
| Panola Cnty Hist & Genelogical SctyDONATION | Carthage, TX | $5K | 2023 |
| Panola County Shrine ClubDONATION | Carthage, TX | $5K | 2023 |
| Panola Soil & Water Conserv DistDONATION | Carthage, TX | $5K | 2023 |
| Shriner'S Hospital For ChildrenDONATION | Tampa, FL | $5K | 2023 |
| Panola Co Cattlemen'S AssocSCHOLARSHIPS | Carthage, TX | $4K | 2023 |
| Carthage Isd Athletic DeptDONATION | Carthage, TX | $4K | 2023 |
| Panola Co Veterans Relief FundDONATION | Carthage, TX | $1K | 2023 |
| Panola Co Baseball AssociationDONATION | Carthage, TX | $250 | 2023 |