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Memas Foundation is a private corporation based in MIDLAND, TX. The foundation received its IRS ruling in 2023. It holds total assets of $2.9M. Annual income is reported at $1.8M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Memas Foundation has made 15 grants totaling $453K, with a median grant of $30K. Annual giving has decreased from $305K in 2022 to $148K in 2023. Individual grants have ranged from $750 to $50K, with an average award of $30K. The foundation has supported 8 unique organizations. Grant recipients are concentrated in Texas. Contributions to this foundation are tax-deductible.
Memas Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 15 grants. Its grantmaking reaches organizations primarily in TX.
Memas Foundation has distributed a total of $453K across 15 grants. The median grant size is $30K, with an average of $30K. Individual grants have ranged from $750 to $50K.
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Memas Foundation is headquartered in MIDLAND, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| David Smith | DIRECTOR | $0 | $0 | $0 |
| Stirling Warren | PRESIDENT | $0 | $0 | $0 |
| Anne Warren | VICE PRESIDENT | $0 | $0 | $0 |
| Joshua Ham | SECRETARY | $0 | $0 | $0 |
| Kevin Petty | TREASURER | $0 | $0 | $0 |
| Allen Pruitt |
Total Giving
$152K
Total Assets
$1.5M
Fair Market Value
$1.5M
Net Worth
$1.5M
Grants Paid
$148K
Contributions
$930K
Net Investment Income
$0
Distribution Amount
$0
Total Grants
15
Total Giving
$453K
Average Grant
$30K
Median Grant
$30K
Unique Recipients
8
Most Common Grant
$50K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Cornerstone CommunityGENERAL OPERATIONS | Georgetown, TX | $750 | 2023 |
| Coleman Fire DepartmentGENERAL OPERATIONS | Coleman, TX | $50K | 2023 |
| Santa Anna Fire DepartmentGENERAL OPERATIONS | Santa Anna, TX | $30K | 2023 |
| Burkett Volunteer Fire DepartmentGENERAL OPERATIONS | Burkett, TX | $30K | 2023 |
| Lake Coleman Fire DepartmentGENERAL OPERATIONS | Coleman, TX |
Other foundations that have funded Memas Foundation.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Warren Charitable Foundation | $922K | 2022 | TO FURTHER CHARITABLE PURPOSE |
| Warren Charitable Foundation | $922K | 2022 | TO FURTHER CHARITABLE PURPOSE |
| DIRECTOR |
| $0 |
| $0 |
| $0 |
| $30K |
| 2023 |
| Christian Family MinistriesGENERAL OPERATIONS | San Antonio, TX | $6K | 2023 |
| Cops & OutlawsGENERAL OPERATIONS | Coleman, TX | $1K | 2023 |
| Coleman County Senior CenterGENERAL OPERATIONS | Coleman, TX | $2K | 2022 |
HOUSTON, TX
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