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The Debakey Medical Foundation is a private corporation based in HOUSTON, TX. The foundation received its IRS ruling in 1962. The principal officer is Dr George Noon. It holds total assets of $13.6M. Annual income is reported at $2M. The foundation is governed by 5 officers and trustees. The foundation operates in the area of education. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2024. The foundation primarily funds organizations in Texas and Maryland. According to available records, The Debakey Medical Foundation has made 16 grants totaling $9.8M, with a median grant of $300K. Annual giving has grown from $3.5M in 2022 to $6.3M in 2023. Individual grants have ranged from $25K to $2.6M, with an average award of $610K. The foundation has supported 6 unique organizations. Grants have been distributed to organizations in Texas and Maryland. Contributions to this foundation are tax-deductible.
Smallest Grant
$25K
Median Grant
$213K
Average Grant
$581K
Largest Grant
$2.6M
Based on 6 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.
The Debakey Medical Foundation primarily funds organizations in the area of education. Based on available records, the foundation has funded 16 grants. Its grantmaking reaches organizations primarily in TX, MD.
The Debakey Medical Foundation has distributed a total of $9.8M across 16 grants. The median grant size is $300K, with an average of $610K. Individual grants have ranged from $25K to $2.6M.
The Debakey Medical Foundation typically selects its grantees rather than accepting unsolicited proposals.
The Debakey Medical Foundation is headquartered in HOUSTON, TX. While based in TX, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Dr Herbert D Short Iii | Pres/Trustee | $100K | $0 | $100K |
| Dr Charles H Mccollum | Sec/Trustee | $5K | $0 | $5K |
| William H Caudill | Trustee | $5K | $0 | $5K |
| David Lummis | Trustee | $5K | $0 | $5K |
| Dr George P Noon | Treas/Trustee | $5K | $0 | $5K |
Total Giving
N/A
Total Assets
$13.6M
Fair Market Value
N/A
Net Worth
$13.6M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
16
Total Giving
$9.8M
Average Grant
$610K
Median Grant
$300K
Unique Recipients
6
Most Common Grant
$175K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Baylor College Of MedicineMicheal E. DeBakey Library and Museum and new medical school building | Houston, TX | $2.1M | 2023 |
| Baylor UniversityMedical Humanities Program in the College of Arts and Sciences | Waco, TX | $350K | 2023 |
| The John P Mcgovern Museum Of Health And Medical ScienceSupporting the Michael E. DeBakey Cell Lab | Houston, TX | $175K | 2023 |
| National Library Of MedicinePhysical processing and cataloging of the papers of Lois and Selma DeBakey | Bethesda, MD | $250K | 2022 |
| John P Mcgovern MuseumMichael E. DeBakey Cell Labs | Houston, TX | $175K | 2022 |
| Texas State Historial AssociationDevelopment of the Handbook of Texas | Denton, TX | $50K | 2022 |