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Fasken Foundation is a private corporation based in MIDLAND, TX. The foundation received its IRS ruling in 1957. It holds total assets of $44.7M. Annual income is reported at $4M. Total assets have grown from $15.1M in 2011 to $44.7M in 2024. The foundation is governed by 11 officers and trustees. Empower nonprofit partners to transform the lives of underprivileged youth in the Permian Basin by enhancing children's future well-being through strategic grantmaking and educational and vocational scholarships. Tax records are available from 2018 to 2024. The foundation primarily funds organizations in Permian Basin, Midland and Texas. According to available records, Fasken Foundation has made 500 grants totaling $4.9M, with a median grant of $3K. The foundation has distributed between $1.6M and $1.7M annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $1.7M distributed across 168 grants. Individual grants have ranged from N/A to $250K, with an average award of $10K. The foundation has supported 182 unique organizations. Grants have been distributed to organizations in Texas and New Mexico and New Jersey. Contributions to this foundation are tax-deductible.
Smallest Grant
N/A
Median Grant
$5K
Average Grant
$11K
Largest Grant
$125K
Based on 149 grants from the most recent 990-PF filing.
Scholarships awarded to students in the Permian Basin and beyond, with over $8 million in educational support distributed
Grants totaling more than $40 million to 501(c)(3) charitable organizations working in their service area
Funding for vocational training opportunities
Empower nonprofit partners to transform the lives of underprivileged youth in the Permian Basin by enhancing children's future well-being through strategic grantmaking and educational and vocational scholarships. Based on available records, the foundation has funded 500 grants. Its grantmaking reaches organizations primarily in TX, NM, NJ.
Fasken Foundation has distributed a total of $4.9M across 500 grants. The median grant size is $3K, with an average of $10K. Individual grants have ranged from N/A to $250K.
The application deadline is GRANTS ARE CONSIDERED AT ALL FOUR BOARD MEETINGS.. Grants are considered within the states of texas and new mexico. All charitable fields are considered. Grants are for general operation purposes. No grants to individuals.
Fasken Foundation is headquartered in MIDLAND, TX. While based in TX, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jeff Alsup | EXECUTIVE DIRECTOR | $160K | $6K | $166K |
| Nancy Sparr | ADMINISTRATIVE ASSISTANT | $29K | $0 | $29K |
| Gerald C Nobles Jr | DIRECTOR | $7K | $0 | $7K |
| Tevis Herd | DIRECTOR | $7K | $0 | $7K |
| Tracy K Elms | DIRECTOR | $5K | $0 | $5K |
| John W Wilkins Jr | DIRECTOR/VICE PRESIDENT | $5K | $0 | $5K |
| Thomas E Kelly | DIRECTOR | $4K | $0 | $4K |
| Susan Fasken Hartin | DIRECTOR | $4K | $0 | $4K |
| Paula Fasken | DIRECTOR/SECRETARY | $4K | $0 | $4K |
| Alex Hale | DIRECTOR/PRESIDENT | $4K | $0 | $4K |
| Steven P Fasken | DIRECTOR | $2K | $0 | $2K |
Total Giving
N/A
Total Assets
$44.7M
Fair Market Value
N/A
Net Worth
$44.5M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
500
Total Giving
$4.9M
Average Grant
$10K
Median Grant
$3K
Unique Recipients
182
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Young Mens Christian AssociationCOMPETITIVE GRANT 2023 | Midland, TX | $20K | 2023 |
| Idea Public SchoolsCOMPETITIVE GRANT 2023 | Weslaco, TX | $250K | 2023 |
| Communities In Schools Of The Permian BasinCOMPETITIVE GRANT 2023 | Midland, TX | $50K | 2023 |
| Midland Children'S Rehabilitation CenterCOMPETITIVE GRANT 2023 | Midland, TX | $50K | 2023 |
| Communities In Schools Of New MexicoCOMPETITIVE GRANT 2023 | Santa Fe, NM | $50K | 2023 |
| Midland Memorial FoundationDIRECTOR'S CHOICE 2023 | Midland, TX | $50K | 2023 |
| Odessa Family YmcaCOMPETITIVE GRANT 2023 | Odessa, TX | $50K | 2023 |
| Casa Of West TexasCOMPETITIVE GRANT 2023 | Midland, TX | $50K | 2023 |
| Marc Inc Dba Spectrum Of SolutionsCOMPETITIVE GRANT 2023 | Midland, TX | $50K | 2023 |
| National Dance Institute Of New MexicoCOMPETITIVE GRANT 2023 | Santa Fe, NM | $40K | 2023 |
| New Mexico School For The Arts-Art InstituteCOMPETITIVE GRANT 2023 | Santa Fe, NM | $33K | 2023 |
| Casa De AmigosCOMPETITIVE GRANT 2023 | Midland, TX | $30K | 2023 |
| Teen Flow Youth MinistryCOMPETITIVE GRANT 2023 | Midland, TX | $30K | 2023 |
| High Sky Children'S RanchCOMPETITIVE GRANT 2023 | Midland, TX | $30K | 2023 |
| Centers For Children And Families IncCOMPETITIVE GRANT 2023 | Midland, TX | $30K | 2023 |
| Bynum SchoolCOMPETITIVE GRANT 2023 | Midland, TX | $30K | 2023 |
| Region 18 Education Service CenterCOMPETITIVE GRANT 2023 | Midland, TX | $25K | 2023 |
| Buckner Children And Family ServicesCOMPETITIVE GRANT 2023 | Midland, TX | $25K | 2023 |
| Safe Place Of The Permian BasinCOMPETITIVE GRANT 2023 | Midland, TX | $25K | 2023 |
| Santa Fe Chamber Music FestivalCOMPETITIVE GRANT 2023 | Santa Fe, NM | $20K | 2023 |
| Samaritan Counseling CenterCOMPETITIVE GRANT 2023 | Midland, TX | $20K | 2023 |
| Rope YouthCOMPETITIVE GRANT 2023 | Midland, TX | $20K | 2023 |
| Cook Children'S Health FoundationCOMPETITIVE GRANT 2023 | Fort Worth, TX | $20K | 2023 |
| The Harwood Museum Of ArtCOMPETITIVE GRANT 2023 | Taos, NM | $20K | 2023 |
| Fbc Brady Godly Impressions PreschoolCOMPETITIVE GRANT 2023 | Brady, TX | $20K | 2023 |
| Big Brothers Big Sisters Of The Permian Basin IncCOMPETITIVE GRANT 2023 | Midland, TX | $18K | 2023 |
| Nonprofit Management Center Of The Permian BasinCOMPETITIVE GRANT 2023 | Midland, TX | $18K | 2023 |
| Junior Achievement Of The Permian BasinCOMPETITIVE GRANT 2023 | Midland, TX | $15K | 2023 |
| Odessa College FoundationDIRECTOR'S CHOICE 2023 | Odessa, TX | $15K | 2023 |
| Family Promise Of Odessa IncCOMPETITIVE GRANT 2023 | Odessa, TX | $15K | 2023 |
| Boys And Girls Clubs Of The Permian BasinCOMPETITIVE GRANT 2023 | Midland, TX | $15K | 2023 |
| Opportunity TribeDIRECTOR'S CHOICE 2023 | Midland, TX | $13K | 2023 |
| Casa Of The Permian Basin Area IncCOMPETITIVE GRANT 2023 | Odessa, TX | $13K | 2023 |
| Mineral Wells Center Of LifeDIRECTOR'S CHOICE 2023 | Mineral Wells, TX | $13K | 2023 |
| True Kids 1DIRECTOR'S CHOICE 2023 | Taos, NM | $13K | 2023 |
| Harmony Home CacCOMPETITIVE GRANT 2023 | Odessa, TX | $12K | 2023 |
| Midland Teen Court IncCOMPETITIVE GRANT 2023 | Midland, TX | $12K | 2023 |
| Mcpl FoundationCOMPETITIVE GRANT 2023 | Midland, TX | $10K | 2023 |
| Medical Center Health System Foundation - Ector Co Hospital District Dba MeDIRECTOR'S CHOICE 2023 | Odessa, TX | $10K | 2023 |
| Santa Fe Childrens MuseumDIRECTOR'S CHOICE 2023 | Santa Fe, NM | $10K | 2023 |
| Texas Tech Rawls School Of Business Dean'S Strategic Initiative FundDIRECTOR'S CHOICE 2023 | Lubbock, TX | $10K | 2023 |
| Hospice Of MidlandCOMPETITIVE GRANT 2023 | Midland, TX | $10K | 2023 |
| Midland Rape Crisis And Children'S Advocacy CenterCOMPETITIVE GRANT 2023 | Midland, TX | $10K | 2023 |
| The Foundation For Educational EnhancementDIRECTORS CHOICE 2023 | Santa Fe, NM | $10K | 2023 |
| Crisis Center Of West TexasCOMPETITIVE GRANT 2023 | Odessa, TX | $10K | 2023 |
| Community Children'S ClinicCOMPETITIVE GRANT 2023 | Midland, TX | $10K | 2023 |
| Community Against Violence IncCOMPETITIVE GRANT 2023 | Taos, NM | $10K | 2023 |