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Looney-Montgomery Foundation is a private trust based in EDINBURG, TX. The foundation received its IRS ruling in 1948. It holds total assets of $438K. Annual income is reported at $102K. Total assets have decreased from $733K in 2011 to $417K in 2023. The foundation is governed by 4 officers and trustees. Tax records are available from 2019 to 2023. Grantmaking is concentrated in Texas. According to available records, Looney-Montgomery Foundation has made 38 grants totaling $57K, with a median grant of $1K. Annual giving has decreased from $20K in 2021 to $12K in 2023. Grantmaking activity was highest in 2022 with $26K distributed across 17 grants. Individual grants have ranged from $100 to $10K, with an average award of $2K. The foundation has supported 31 unique organizations. Grants have been distributed to organizations in Texas and Louisiana and California. Contributions to this foundation are tax-deductible.
Smallest Grant
$200
Median Grant
$500
Average Grant
$1K
Largest Grant
$5K
Based on 7 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.
Looney-Montgomery Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 38 grants. Its grantmaking reaches organizations primarily in TX, LA, CA.
Looney-Montgomery Foundation has distributed a total of $57K across 38 grants. The median grant size is $1K, with an average of $2K. Individual grants have ranged from $100 to $10K.
The application deadline is 5-1 AND 10-1 ANNUALLY. APPROVAL OR REJECTION BY 7-1 AND 12-1 ANNUALLY.. Principally lower rio grande valley and organizations impacting the area.
Looney-Montgomery Foundation is headquartered in EDINBURG, TX. While based in TX, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Lorin Runnels | VP/ASST SEC | $0 | $0 | N/A |
| Carol L Looney | VP/SEC/TREAS | $0 | $0 | N/A |
| Courtney Looney | VP | $0 | $0 | N/A |
| Cullen R Looney | PRESIDENT | $0 | $0 | N/A |
Total Giving
$17K
Total Assets
$417K
Fair Market Value
$430K
Net Worth
$417K
Grants Paid
$12K
Contributions
N/A
Net Investment Income
$9K
Distribution Amount
$21K
Total Grants
38
Total Giving
$57K
Average Grant
$2K
Median Grant
$1K
Unique Recipients
31
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Salvation ArmyTO ASSIST WITH OPERATING EXPENSES | Mcallen, TX | $200 | 2023 |
| Museum Of South Texas HistoryTO ASSIST WITH OPERATING EXPENSES | Edinburg, TX | $3K | 2023 |
| University Of Texas SystemTO ASSIST WITH OPERATING EXPENSES | Austin, TX | $2K | 2023 |
| Vannie E Cook Jr Cancer FoundatioTO ASSIST WITH OPERATING EXPENSES | Mcallen, TX | $1K | 2023 |
| The Univ Of Texas-Rio Grande ValleyTO ASSIST WITH OPERATING EXPENSES | Edinburg, TX | $1K | 2023 |
| Palm Valley Animal SocietyTO ASSIST WITH OPERATING EXPENSES | Edinburg, TX | $1K | 2023 |
| Remember The Alamo FoundationTO ASSIST WITH OPERATING EXPENSES | San Antonio, TX | $1K | 2023 |
| Texas A&M FoundationTO ASSIST WITH OPERATING EXPENSES | College Station, TX | $1K | 2023 |
| Texas Wildlife Assoc FoundationTO ASSIST WITH OPERATING EXPENSES | New Braunfels, TX | $500 | 2023 |
| Easter Seals - RgvTO ASSIST WITH OPERATING EXPENSES | Mcallen, TX | $200 | 2023 |
| Foster Angels South TexasTO ASSIST WITH OPERATING EXPENSES | Mcallen, TX | $200 | 2023 |
| Su Casa De Esperanza IncTO ASSIST WITH OPERATING EXPENSES | Pharr, TX | $100 | 2023 |
| Trinity Episcopal ChurchTO ASSIST WITH OPERATING EXPENSES | Pharr, TX | $10K | 2022 |
| The University Of Texas FoundationTO ASSIST WITH OPERATING EXPENSES | Austin, TX | $2K | 2022 |
| City Kids AdventuresTO ASSIST WITH OPERATING EXPENSES | San Antonio, TX | $2K | 2022 |
| Driscoll Children'S Hospital-RgvTO ASSIST WITH OPERATING EXPENSES | Mcallen, TX | $2K | 2022 |
| Hidalgo County 4-H FoundationTO ASSIST WITH OPERATING EXPENSES | Mission, TX | $2K | 2022 |
| The University Of Texas SystemTO ASSIST WITH OPERATING EXPENSES | Austin, TX | $2K | 2022 |
| Pan American Round Table Of EdinburTO ASSIST WITH OPERATING EXPENSES | Edinburg, TX | $1K | 2022 |
| The National Wwii MuseumTO ASSIST WITH OPERATING EXPENSES | New Orleans, LA | $1K | 2022 |
| LsmcicTO ASSIST WITH OPERATING EXPENSES | Linn, TX | $500 | 2022 |
| Hunt Volunteer Fire DepartmentTO ASSIST WITH OPERATING EXPENSES | Hunt, TX | $200 | 2022 |
| International Museum Of Art & ScienTO ASSIST WITH OPERATING EXPENSES | Mcallen, TX | $150 | 2022 |
| Univ Of Texas Mcdonald ObservTO ASSIST WITH OPERATING EXPENSES | Austin, TX | $100 | 2022 |
| Ingram Volunteer Fire DepartmentTO ASSIST WITH OPERATING EXPENSES | Ingram, TX | $100 | 2022 |
| Texas Exes Will Looney Memorial SchTO ASSIST WITH OPERATING EXPENSES | Austin, TX | $6K | 2021 |
| Texas A&M University KingsvilleTO ASSIST WITH OPERATING EXPENSES | Kingsville, TX | $5K | 2021 |
| The University Of Texas At AustinTO ASSIST WITH OPERATING EXPENSES | Austin, TX | $1K | 2021 |
| Lsmcic Round-UpTO ASSIST WITH OPERATING EXPENSES | Linn, TX | $500 | 2021 |
| Camp UniversityTO ASSIST WITH OPERATING EXPENSES | Mcallen, TX | $500 | 2021 |
| Gwendolyn Strong FoundationTO ASSIST WITH OPERATING EXPENSES | Santa Barbara, CA | $100 | 2021 |