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Vest Family Foundation is a private corporation based in KERMIT, TX. The foundation received its IRS ruling in 2020. It holds total assets of $11.7M. Annual income is reported at $18M. Total assets have grown from N/A in 2019 to $9.3M in 2023. The foundation is governed by 5 officers and trustees. To make grants to organizations that are organized and operated exclusively for charitable and educational purposes. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. The foundation primarily funds organizations in Texas and Georgia. According to available records, Vest Family Foundation has made 66 grants totaling $1M, with a median grant of $13K. Annual giving has grown from $25K in 2020 to $346K in 2023. Grantmaking activity was highest in 2022 with $512K distributed across 38 grants. Individual grants have ranged from $5K to $116K, with an average award of $15K. The foundation has supported 21 unique organizations. Grants have been distributed to organizations in Texas and Georgia and Missouri. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$10K
Average Grant
$13K
Largest Grant
$30K
Based on 19 grants from the most recent 990-PF filing.
To make grants to organizations that are organized and operated exclusively for charitable and educational purposes.
Expenses: $25K
To make grants to organizations that are organized and operated exclusively for charitable and educational purposes. Based on available records, the foundation has funded 66 grants. Its grantmaking reaches organizations primarily in TX, GA, MO.
Vest Family Foundation has distributed a total of $1M across 66 grants. The median grant size is $13K, with an average of $15K. Individual grants have ranged from $5K to $116K.
Vest Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Vest Family Foundation is headquartered in KERMIT, TX. While based in TX, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Samann Vest Watkins | PRES/TREAS | $0 | $0 | N/A |
| Ty Watkins | VP/SEC | $0 | $0 | N/A |
| Ryan Moss | Director | $0 | $0 | N/A |
| Janette Jennings | ASST. TREAS. | $0 | $0 | N/A |
| Sandy Greene | ASST. SEC. | $0 | $0 | N/A |
Total Giving
$362K
Total Assets
$9.3M
Fair Market Value
$9.4M
Net Worth
$9.3M
Grants Paid
$346K
Contributions
$1.9M
Net Investment Income
$661K
Distribution Amount
$141K
Total: $6.3M
Total Grants
66
Total Giving
$1M
Average Grant
$15K
Median Grant
$13K
Unique Recipients
21
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| First Baptist ChurchSUPPORT ONGOING OPERATIONS | Monahans, TX | $116K | 2023 |
| Story Vest MemorialSUPPORT ONGOING OPERATIONS | Childress, TX | $25K | 2023 |
| Paws Worth Fighting ForANIMAL SHELTER AND ADOPTION SUPPORT | Monahans, TX | $25K | 2023 |
| West Texas Diamonds In The RuffSUPPLYING CARE TO DOGS | Odessa, TX | $25K | 2023 |
| The Odessa College FoundationSCHOLARSHIP | Odessa, TX | $25K | 2023 |
| Forget Me Not FrancesSUPPORT FOR GRIEVING MOTHERS | Fort Worth, TX | $20K | 2023 |
| Sherwood Myrtie Foster Home For ChiFOSTER CARE ASSISTANCE | Stephenville, TX | $15K | 2023 |
| Shiloh Baptist ChurchSUPPORT ONGOING OPERATIONS | Monahans, TX | $15K | 2023 |
| Southwestern Diabetic Foundation InEDUCATE CHILDREN WITH DIABETES | Gainesville, TX | $15K | 2023 |
| 238 Junior Livestock AssociationSUPPORT ONGOING OPERATIONS | Monahans, TX | $10K | 2023 |
| Winkler-Loving County Livestock AssSUPPORT ONGOING OPERATIONS | Kermit, TX | $10K | 2023 |
| Childress County Youth Project ShowSUPPORT FOR YOUTH IN LIVESTOCK SHOW | Childress, TX | $10K | 2023 |
| Casa Of The Rolling PlainsONGOING SUPPORT TO HELP ABUSED AND NEGLECTED CHILDREN | Childress, TX | $5K | 2023 |
| Daystar Television NetworkSUPPORT ONGOING OPERATIONS IN SPREADING THE GOSPEL AROUND THE WORLD | Dallas, TX | $5K | 2023 |
| Hagee MinistriesSUPPORT ONGOING OPERATIONS | San Antonio, TX | $5K | 2023 |
| In Touch MinistriesSUPPORT ONGOING OPERATIONS | Altanta, GA | $5K | 2023 |
| Joyce Meyer MinistriesSUPPORT ONGOING OPERATIONS | Fenton, MO | $5K | 2023 |
| Buffalo Trail CouncilSUPPORT ONGOING OPERATIONS | Midland, TX | $5K | 2023 |
| Ward County Senior Citizens CenterMEALS ON WHEELS PROGRAM | Monahans, TX | $5K | 2023 |
| Joel Osteen MinistriesSUPPORT ONGOING OPERATIONS | Houston, TX | $5K | 2022 |
| Free Chapel Worship Center IncSUPPORT ONGOING OPERATIONS | Gainesville, GA | $5K | 2022 |