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Luther & Teresa King Fam Foundation is a private corporation based in FORT WORTH, TX. The foundation received its IRS ruling in 2006. The principal officer is Teresa Ann Carter King. It holds total assets of $30.8M. Annual income is reported at $7M. Total assets have grown from $1.7M in 2011 to $29.5M in 2022. The foundation is governed by 4 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. The foundation primarily funds organizations in Texas, Montana and New Jersey. According to available records, Luther & Teresa King Fam Foundation has made 32 grants totaling $2.5M, with a median grant of $25K. Annual giving has grown from $150K in 2020 to $892K in 2023. Grantmaking activity was highest in 2022 with $1.3M distributed across 14 grants. Individual grants have ranged from $1K to $525K, with an average award of $78K. The foundation has supported 13 unique organizations. Grants have been distributed to organizations in Texas and New Jersey and Montana. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$23K
Average Grant
$30K
Largest Grant
$100K
Based on 5 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.
Luther & Teresa King Fam Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 32 grants. Its grantmaking reaches organizations primarily in TX, NJ, MT.
Luther & Teresa King Fam Foundation has distributed a total of $2.5M across 32 grants. The median grant size is $25K, with an average of $78K. Individual grants have ranged from $1K to $525K.
Luther & Teresa King Fam Foundation typically selects its grantees rather than accepting unsolicited proposals.
Luther & Teresa King Fam Foundation is headquartered in FORT WORTH, TX. While based in TX, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Teresa A King | PRESIDENT | $0 | $0 | N/A |
| John Bryan King | VICE PRESIDENT | $0 | $0 | N/A |
| J Luther King Jr | VP, SEC, TREAS. | $0 | $0 | N/A |
| Mason Daniel King | VICE PRESIDENT | $0 | $0 | N/A |
Total Giving
$1M
Total Assets
$29.5M
Fair Market Value
$38.5M
Net Worth
$29.5M
Grants Paid
$892K
Contributions
$146K
Net Investment Income
$4.8M
Distribution Amount
$1.6M
Total: $28.9M
Total Grants
32
Total Giving
$2.5M
Average Grant
$78K
Median Grant
$25K
Unique Recipients
13
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Princeton University Art MuseumSCHOLARSHIP FUND | Princeton, NJ | $525K | 2023 |
| Texas Christian UniversitySCHOLARSHIP FUND | Fort Worth, TX | $224K | 2023 |
| The CliburnCHARITABLE CONTRIBUTION | Fort Worth, TX | $65K | 2023 |
| Fort Worth Symphony OrchestraCHARITABLE CONTRIBUTION | Fort Worth, TX | $50K | 2023 |
| St Mark'S School Of TexasALUMNI FOUNDATION | Dallas, TX | $25K | 2023 |
| Dallas County Medical Society Alliance FoundationCHARITABLE CONTRIBUTION | Dallas, TX | $1K | 2023 |
| Madison River FoundationCONSERVATION PROJECTS | Ennis, MT | $1K | 2023 |
| Madison Valley Medical Center FoundationMEDICAL EQUIPMENT | Ennis, MT | $1K | 2023 |
| Fort Worth Country Day SchoolBUILDING FUND | Fort Worth, TX | $250K | 2022 |
| Highland Park Presbyterian ChurchCHARITABLE CONTRIBUTION | Dallas, TX | $10K | 2022 |
| Madison Valley Medical CenterMEDICAL EQUIPMENT | Ennis, MT | $1K | 2022 |
| Mason County Rebuild Our CourthouseMUNICIPAL FUND | Mason, TX | $25K | 2021 |
| Princeton UniversitySCHOLARSHIP FUND | Princeton, NJ | $25K | 2020 |