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Schaeffer Texas Foundation is a private corporation based in AMARILLO, TX. The foundation received its IRS ruling in 2021. It holds total assets of $1.2M. Annual income is reported at $92K. The foundation is governed by 3 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 2020 to 2023. According to available records, Schaeffer Texas Foundation has made 5 grants totaling $285K, with a median grant of $85K. Annual giving has grown from $10K in 2021 to $85K in 2023. Grantmaking activity was highest in 2022 with $190K distributed across 2 grants. Individual grants have ranged from $5K to $95K, with an average award of $57K. Grant recipients are concentrated in Texas. Contributions to this foundation are tax-deductible.
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.
Schaeffer Texas Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in TX.
Schaeffer Texas Foundation has distributed a total of $285K across 5 grants. The median grant size is $85K, with an average of $57K. Individual grants have ranged from $5K to $95K.
Schaeffer Texas Foundation typically selects its grantees rather than accepting unsolicited proposals.
Schaeffer Texas Foundation is headquartered in AMARILLO, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Stanley Schaeffer | President | $0 | $0 | N/A |
| David Schaeffer | Secretary | $0 | $0 | N/A |
| Jerry Schaeffer | Vice President | $0 | $0 | N/A |
Total Giving
$88K
Total Assets
$1.2M
Fair Market Value
$1.2M
Net Worth
$1.2M
Grants Paid
$85K
Contributions
$30K
Net Investment Income
$98K
Distribution Amount
$56K
Total: $387K
Total Grants
5
Total Giving
$285K
Average Grant
$57K
Median Grant
$85K
Unique Recipients
1
Most Common Grant
$95K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| West Texas A M University FoundatioGENERAL SUPPORT OF THE EDUCATIONAL PURPOSE OF WEST TEXAS A&M UNIVERSITY | Canyon, TX | $85K | 2023 |