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Collins & Thelma Posey Foundation 0291369 is a private trust based in DALLAS, TX. The foundation received its IRS ruling in 2010. The principal officer is Nations Bank Na. It holds total assets of $3.1M. Annual income is reported at $533K. The foundation is governed by 1 officer or trustee. The sole charitable activity of this organization is the making of contributions and grants to qualified charitable organizations. No direct charitable activities are conducted. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2019 to 2024. The foundation primarily funds organizations in Illinois and Pennsylvania. According to available records, Collins & Thelma Posey Foundation 0291369 has made 16 grants totaling $585K, with a median grant of $37K. The foundation has distributed between $125K and $324K annually from 2021 to 2024. Grantmaking activity was highest in 2023 with $324K distributed across 8 grants. Individual grants have ranged from $31K to $40K, with an average award of $37K. The foundation has supported 5 unique organizations. Grants have been distributed to organizations in Illinois and Pennsylvania. Contributions to this foundation are tax-deductible.
Smallest Grant
$34K
Median Grant
$34K
Average Grant
$34K
Largest Grant
$34K
Based on 4 grants from the most recent 990-PF filing.
The sole charitable activity of this organization is the making of contributions and grants to qualified charitable organizations. No direct charitable activities are conducted
The sole charitable activity of this organization is the making of contributions and grants to qualified charitable organizations. No direct charitable activities are conducted. Based on available records, the foundation has funded 16 grants. Its grantmaking reaches organizations primarily in IL, PA.
Collins & Thelma Posey Foundation 0291369 has distributed a total of $585K across 16 grants. The median grant size is $37K, with an average of $37K. Individual grants have ranged from $31K to $40K.
Collins & Thelma Posey Foundation 0291369 typically selects its grantees rather than accepting unsolicited proposals.
Collins & Thelma Posey Foundation 0291369 is headquartered in DALLAS, TX. While based in TX, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bank Of America | TRUSTEE | $41K | $0 | $41K |
Total Giving
$172K
Total Assets
$3M
Fair Market Value
$3.5M
Net Worth
$3M
Grants Paid
$125K
Contributions
N/A
Net Investment Income
$75K
Distribution Amount
$161K
Total Grants
16
Total Giving
$585K
Average Grant
$37K
Median Grant
$37K
Unique Recipients
5
Most Common Grant
$40K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Wolcott FoundationUNRESTRICTED GENERAL | Lansdale, PA | $31K | 2024 |
| Knights Templar Education FdnUNRESTRICTED GENERAL | Clinton, IL | $31K | 2024 |
| Illinois Scottish Rite ScholarshUNRESTRICTED GENERAL | Orland Park, IL | $31K | 2024 |
| Spero Family ServicesUNRESTRICTED GENERAL | Mount Vernon, IL | $31K | 2024 |
| United Meth Childrens Home FdnUNRESTRICTED GENERAL | Mount Vernon, IL | $40K | 2023 |