Mulva Family Foundation
- Assets
- $349.9m
- Revenue
- $43.8m
- Investments
- $345.4m
- Employees
- 0
- Location
- Austin, TX
- Founding
- 09/2005
- Data as of
- 12/2020
- EIN
- 20-3221183
Organization Overview
Mulva Family Foundation is located in Austin, TX. The organization was established in 2005. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mulva Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Mulva Family Foundation generated $43.8m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 40.6% each year . All expenses for the organization totaled $15.5m during the year ending 12/2020. While expenses have increased by 8.2% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mulva Family Foundation has awarded 37 individual grants totaling $182,350,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Miriam B Mulva Director | 1 | $0 | |
James J Mulva President | 1 | $0 | |
John A Carrig Director | 0.5 | $0 | |
Harvey L Black Jr Secretary | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Barrow Hanley Mewhinney & Strauss | 12/30/20 | $500,678 |
Bny Mellon | 12/30/20 | $106,255 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24,398 |
| Dividends & Interest | $7,823,148 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,914,791 |
| Capital Gain Net Income | $42,891,775 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $230 |
| Total Revenue | $43,762,567 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $417,406 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,134 |
| Total operating and administrative expenses | $1,059,417 |
| Contributions, gifts, grants paid | $14,400,000 |
| Total expenses and disbursements | $15,459,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,819 |
| Savings and temporary cash investments | $4,397,794 |
| 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 | $59,943 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $309,124,986 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $349,862,511 |
| 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, Mulva Family Foundation has awarded $89,150,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF TEXAS AT AUSTIN PURPOSE: SUPPORT RENO. OF BUSINESS SCHOOL | $36,000,000 |
MD ANDERSON CANCER CENTER PURPOSE: MELANOMA & PROSTATE CANCER SUPPORT | $15,000,000 |
UNIVERSITY OF OKLAHOMA FND PURPOSE: SUPPORT FOR RENO. ARMORY & ROTC | $8,000,000 |
UNIVERSITY OF TEXAS AT AUSTIN PURPOSE: SUPPORT FOR ROTC PROGRAMS | $4,500,000 |
Norman, OK PURPOSE: SUPPORT FOR ARMORY RENO. & ROTC | $3,000,000 |
UNIVERSITY OF TEXAS AT AUSTIN PURPOSE: SUPPORT FOR RENOVATION - BUS. SCHOOL | $3,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Ila-West Gulf Maritime Association Inc Royalty Trust Fund No 1 Houston, TX | $56,716,364 | $36,179,083 |
David Weekley Family Foundation Houston, TX | $132,693,267 | $39,507,010 |
T L L Temple Foundation Lufkin, TX | $464,501,486 | $44,070,137 |
Town Branch Foundation Bentonville, AR | $511,930,269 | $39,195,874 |
Perot Foundation Dallas, TX | $46,575,873 | $1,622,633 |
The Charles Butt Foundation San Antonio, TX | $7,229,103 | $6,060,986 |