FORT WORTH, TX

Kimbell Art Foundation

Quick Facts

EIN: 756036226
Location: FORT WORTH, TX
Category: Arts & Culture
Total Assets: $759.3M
Annual Income: $58.2M
IRS Ruling Year: 1998
Organization Type: Corporation
Tax Deductibility: Contributions are deductible
Affiliation: Central/parent organization

About This Foundation

Kimbell Art Foundation is a private corporation based in FORT WORTH, TX. The foundation received its IRS ruling in 1998. It holds total assets of $759.3M. Annual income is reported at $58.2M. The foundation operates in the area of arts & culture. Contributions to this foundation are tax-deductible.

View 990 Filings

Financial Overview

Total Giving

$48.2M

2023+8%

Total Assets

$737.5M

2023+1%

Fair Market Value

$3B

2023

Net Worth

$684.1M

2023

Grants Paid

$34K

2023

Contributions

$7.4M

2023

Net Investment Income

$31.4M

2023

Distribution Amount

2023

Total Giving by Year

$22M

$22.9M

$34.4M

$39.2M

$37.1M

$40.5M

$43.9M

$38.2M

$44.8M

$48.2M

Asset Growth

$660.3M

$653.6M

$689.4M

$731.2M

$736.4M

$688.2M

$668.1M

$689.5M

$727.5M

$737.5M

Investment Portfolio (2023)

Total: $48M

Corporate Stock: $48M

Other Investments: $160.2M

Cash: $2.6M

Corporate Stock (23%)

Other Investments (76%)

Cash (1%)

Expense Breakdown (2023)

Depreciation$23M

Pension & Benefits$1.8M

Interest$1.8M

Officer Compensation$758K

Occupancy$733K

Legal Fees$300K

Accounting Fees$134K

Travel & Conferences$66K

Grants Paid$34K

Printing & Publications$5K

Revenue Sources (2023)

Other Income: $45.1M
Contributions: $7.4M
Capital Gains (Net): $5M
Interest: $903K
Dividends: $903K
Business Profits: $609K

Financial Details (2023)

Total Revenue: $59.9M
Total Expenses: $48.2M
Exempt Purpose Expenses: $21.5M
Required Distribution: $0
Undistributed Income: $0
Total Liabilities: $53.4M
Excise Tax: $436K

Foundation Classification (2023)

Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings

Grantmaking Insights

Total Grants

Total Giving

$252K

Average Grant

$19K

Median Grant

$3K

Total Giving by Year

$218K (6 grants)

$34K (7 grants)

Grant Range

Min$1K

Max$200K

Median: $3K

Smallest grantLargest grant

Openness to New Grantees (2023)

71%

of 2023 grantees were first-time recipients

Geographic Distribution of Grants

NY: $20K (1)

DC: $4K (2)

TX: $228K (10)

TX$228K (10)

NY$20K (1)

DC$4K (2)

Past Grantees

Recipient	Location	Amount	Year
The Architectural League Of New YorkOperating Support	New York, NY	$20K	2023
Texans For The Arts FoundationOperating Support	Austin, TX	$5K	2023
Fort Worth Symphony OrchestraOperating Support	Fort Worth, TX	$3K	2023
The Cultural Landscape FoundationOperating Support	Washington, DC	$3K	2023
Van Cliburn FoundationOperating Support	Fort Worth, TX	$2K	2023
Union Gospel Mission Of Tarrant CountyOperating Support	Fort Worth, TX	$1K	2023
St Andrews Anglican ChurchOperating Support	Fort Worth, TX	$1K	2023
Amon Carter Museum Of American ArtCapital Campaign	Fort Worth, TX	$200K	2020
Southern Methodist UniversityCapital Campaign	Dallas, TX	$10K	2020
Fort Worth Symphony OrchestraOperating Support	Fort Worth, TX	$3K	2020
Texans For The Arts FoundationOperating Support	Austin, TX	$3K	2020
The Aia FoundationOperating Support	Washington, DC	$1K	2020
University Of Texas At DallasOperating Support	Richardson, TX	$1K	2020

990-PF Filings

Tax Period	Return Type	View
2023-12	990PF	View Filing
2022-12	990PF	View Filing
2021-12	990PF	View Filing
2020-12	990PF	View Filing
2018-12	990PF	View Filing
2017-12	990PF	View Filing
2016-12	990PF	View Filing
2015-12	990PF	View Filing