HARLINGEN, TX
Valley Baptist Legacy Foundation
Quick Facts
- EIN
- 741936869
- Location
- HARLINGEN, TX
- Category
- Health
- Total Assets
- $453.3M
- Annual Income
- $142.3M
- IRS Ruling Year
- 1976
- Organization Type
- Corporation
- Principal Officer
- % Kimberly Anderson
- Tax Deductibility
- Contributions are deductible
About This Foundation
Valley Baptist Legacy Foundation is a private corporation based in HARLINGEN, TX. The foundation received its IRS ruling in 1976. The principal officer is % Kimberly Anderson. It holds total assets of $453.3M. Annual income is reported at $142.3M. The foundation operates in the area of health. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$26.2M
2023+130%
Total Assets
$429.1M
2023+8%
Fair Market Value
$429.1M
2023
Net Worth
$419M
2023
Grants Paid
$22.9M
2023
Contributions
$381K
2023
Net Investment Income
$28M
2023
Distribution Amount
$19.9M
2023
Total Giving by Year
$414K
14$9.3M
15$17M
19$48.5M
20$9.1M
21$11.4M
22$26.2M
23Asset Growth
$108.3M
14$327.5M
15$400.6M
19$422.8M
20$468.8M
21$397.1M
22$429.1M
23Investment Portfolio (2023)
Total: $338.2M
Corporate Stock: $241.5M
Corporate Bonds: $76.5M
Government Obligations: $20.2M
Other Investments: $69.2M
Cash: $141K
Corporate Stock (59%)
Corporate Bonds (19%)
Government Obligations (5%)
Other Investments (17%)
Cash (0%)
Expense Breakdown (2023)
Grants Paid$22.9M
Officer Compensation$460K
Pension & Benefits$119K
Interest$103K
Travel & Conferences$71K
Accounting Fees$56K
Depreciation$40K
Occupancy$33K
Printing & Publications$4K
Legal Fees$1K
Revenue Sources (2023)
- Capital Gains (Net)
- $19.6M
- Dividends
- $9.8M
- Contributions
- $381K
- Other Income
- $-2,936
Financial Details (2023)
- Total Revenue
- $29.8M
- Total Expenses
- $26.2M
- Exempt Purpose Expenses
- $19.3M
- Required Distribution
- $19.9M
- Undistributed Income
- $6.2M
- Grants Approved (Future)
- $7.1M
- Total Liabilities
- $10.1M
- Excise Tax
- $389K
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
Grantmaking Insights
Total Grants
50
Total Giving
$17.8M
Average Grant
$357K
Median Grant
$89K
Grant Range
Min$30K
Max$10.8M
Median: $89K
Smallest grantLargest grant
Geographic Distribution of Grants
AK
ME
VT
NH
WA
ID
MT
ND
MN
WI
MI
NY
NY: $75K (1)
MA
CT
RI
OR
NV
WY
SD
IA
IL
IN
OH
PA
NJ
CA
CA: $300K (2)
UT
CO
NE
MO
KY
WV
VA
VA: $100K (1)
MD
DE
DC
DC: $50K (1)
AZ
NM
KS
KS: $30K (1)
AR
TN
NC
SC
OK
LA
MS
AL
GA
FL
HI
TX
TX: $17.3M (44)
TX$17.3M (44)
CA$300K (2)
VA$100K (1)
NY$75K (1)
DC$50K (1)
KS$30K (1)
Past Grantees
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Driscoll Children'S Hospital Development FoundationCHARITABLE | Corpus Christi, TX | $10.8M | 2023 |
| Tropical Texas Behavioral HealthUnite Us | Edinburg, TX | $634K | 2023 |
| Tropical Texas Behavioral HealthMental Health Officer Services | Edinburg, TX | $500K | 2023 |
| Cameron County Parks & RecreationCHARITABLE | South Padre Island, TX | $500K | 2023 |
| City Of MissionCHARITABLE | Mission, TX | $500K | 2023 |
| It'S Time TexasCHARITABLE | Austin, TX | $391K | 2023 |
| City Of AltonCHARITABLE | Alton, TX | $343K | 2023 |
| Project Fit AmericaCHARITABLE | Boyes Hot Springs, CA | $262K | 2023 |
| Tropical Texas Behavioral HealthMilitary Veterans Peer Centers | Edinburg, TX | $260K | 2023 |
| Good Neighbor Settlement HouseCHARITABLE | Brownsville, TX | $243K | 2023 |
| Harlingen Neighborhood Food PantryCHARITABLE | Harlingen, TX | $240K | 2023 |
| Idea Public SchoolsCHARITABLE | Weslaco, TX | $219K | 2023 |
| Rccc IncCHARITABLE | Brownsville, TX | $211K | 2023 |
| Harlingen CisdCHARITABLE | Harlingen, TX | $209K | 2023 |
| Children'S Bereavement CenterCHARITABLE | Harlingen, TX | $158K | 2023 |
| Dentists Who CareCHARITABLE | Weslaco, TX | $158K | 2023 |
| Valley Off-Road Bicycling AssocCHARITABLE | San Benito, TX | $150K | 2023 |
| Holy Family ServicesCHARITABLE | Weslaco, TX | $125K | 2023 |
| Sunshine Haven IncCHARITABLE | Olmito, TX | $106K | 2023 |
| VidaCHARITABLE | Arlington, VA | $100K | 2023 |
| Tx Children'S HospitalCHARITABLE | Mcallen, TX | $100K | 2023 |
| Moody ClinicCHARITABLE | Brownsville, TX | $100K | 2023 |
| Family Crisis CenterCHARITABLE | Harlingen, TX | $100K | 2023 |
| Ut Health Science Center - San AntonioCHARITABLE | San Antonio, TX | $94K | 2023 |
| City Of ElsaCHARITABLE | Elsa, TX | $93K | 2023 |
| Waco FoundationCHARITABLE | Waco, TX | $85K | 2023 |
| Teach For AmericaCHARITABLE | New York, NY | $75K | 2023 |
| Aurora House FoundationCHARITABLE | Weslaco, TX | $75K | 2023 |
| 60 Nursing Scholarships Ranging From 250-2000NURSING SCHOLARSHIP | Harlingen, TX | $54K | 2023 |
| City Of Rio HondoHondo Boat Ramp | Rio Hondo, TX | $54K | 2023 |
| City Of PharrCHARITABLE | Pharr, TX | $50K | 2023 |
| City Of PrimeraCHARITABLE | Harlingen, TX | $50K | 2023 |
| The Enrique San Pedro Ozanam CenterCHARITABLE | Brownsville, TX | $50K | 2023 |
| Team MarioCHARITABLE | Edinburg, TX | $50K | 2023 |
| Family EndeavorsCHARITABLE | San Antonio, TX | $50K | 2023 |
| Special Olympics Texas RgvCHARITABLE | Weslaco, TX | $50K | 2023 |
| Boys & Girls Club Of HarlingenCHARITABLE | Harlingen, TX | $50K | 2023 |
| Alzheimer'S Association San Antonio & South TexasCHARITABLE | San Antonio, TX | $50K | 2023 |
| Access Esperanza ClinicsCHARITABLE | Mcallen, TX | $50K | 2023 |
| The Salvation Army - HarlingenCHARITABLE | Harlingen, TX | $50K | 2023 |
| Children'S Defense Fund Of TexasCHARITABLE | Washington, DC | $50K | 2023 |
| Boys And Girls Club Of PharrCHARITABLE | Pharr, TX | $50K | 2023 |
| Community Hope Projects IncCHARITABLE | Mcallen, TX | $50K | 2023 |
| Laguna Madre Youth CenterCHARITABLE | Port Isabel, TX | $50K | 2023 |
| La Posada ProvidenciaCHARITABLE | San Benito, TX | $50K | 2023 |
| Children'S Hunger FundCHARITABLE | San Antonio, TX | $47K | 2023 |
| Santa Maria High SchoolCHARITABLE | Santa Maria, CA | $38K | 2023 |
| Tip Of Texas Family OutreachCHARITABLE | Brownsville, TX | $37K | 2023 |
| Child Abuse Education Program Of South TexasCHARITABLE | Harlingen, TX | $35K | 2023 |
| Housing And Community ServicesCHARITABLE | Hutchinson, KS | $30K | 2023 |
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-12 | 990PF | View Filing |
| 2022-12 | 990PF | View Filing |
| 2021-12 | 990PF | View Filing |
| 2020-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica
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