Fox And Monica Benton Foundation
- Assets
- $4.1m
- Revenue
- $73.9k
- Investments
- $4.0m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 01/2006
- Data as of
- 12/2020
- EIN
- 20-2034030
The information for Fox And Monica Benton Foundation is as of the organization's most recent filing in December '21. This organization is located in Houston, TX. It has been in existence for 15 years, following its founding in 2006.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Fox And Monica Benton Foundation is a private grantmaking foundation classified under the NTEE code T20. This means that the organization falls under the major classification of Philanthropy, Voluntarism & Grantmaking Foundations. Private grantmaking foundations are nongovernmental, nonprofit organizations with funds and programs managed by their own trustees or directors. They are established to maintain or aid social, educational, religious, or other charitable activities serving the common welfare, primarily through grantmaking. Additionally, the foundation is classified under section code 3, which indicates that it is engaged in religious, educational, charitable, scientific, literary, public safety, amateur sports, or prevention of cruelty to children or animals work.
Grant History
Our dataset includes seven years of grant history for the Fox And Monica Benton Foundation. Over the course of these seven years, they have awarded a total of 30 grants, with an average check size of $76,272. On average, the organization awards four grants each year. The grants awarded by the foundation are distributed across various NTEE sectors, including Arts, Culture & Humanities (7), Animal-Related (6), and Education (6). In terms of geographical distribution, the foundation most frequently awards grants in Texas (17), followed by Wyoming (5), Florida (4), California (2), Michigan (1), and Wisconsin (1).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monica K Benton Sec & Director | 1 | $0 | |
F Fox Benton III Pres & Director | 1 | $0 | |
Lucia Benton Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15,984 |
| Dividends & Interest | $47,888 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,630 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,641 |
| Total Revenue | $73,883 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $275 |
| Taxes | $57,452 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $51,464 |
| Total operating and administrative expenses | $137,510 |
| Contributions, gifts, grants paid | $205,000 |
| Total expenses and disbursements | $342,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,776 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,262,074 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,072,014 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Fox And Monica Benton Foundation has awarded $67,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MEMORIAL HERMANN FOUNDATION PURPOSE: CHARITABLE | $50,000 |
UNIVERSITY OF WISCONSIN-MILWAUKEE PURPOSE: CHARITABLE | $12,000 |
Houston, TX PURPOSE: CHARITABLE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |