Sarofim Foundation
- Assets
- $0.0
- Revenue
- $1.7m
- Investments
- $8.0m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 03/1971
- Data as of
- 06/2021
- EIN
- 23-7065248
Organization Overview
Sarofim Foundation is located in Houston, TX. The organization was established in 1971. 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. Sarofim 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 06/2021, Sarofim Foundation generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sarofim Foundation has awarded 137 individual grants totaling $10,026,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HAD NO DIRECT CHARITABLE ACTIVITIES DURING THE TAXABLE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fayez Sarofim Trustee | 0 | $0 | |
Raye G White Trustee | 0 | $0 | |
Christopher B Sarofim Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,233,785 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,739,610 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $46,477 |
| Contributions, gifts, grants paid | $1,800,000 |
| Total expenses and disbursements | $1,846,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,467 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $36,280 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Sarofim Foundation has awarded $1,800,000 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
Houston, TX PURPOSE: GENERAL CHARITABLE PURPOSES | $969,000 |
THE MENIL COLLECTION PURPOSE: SUPPORT FIRE DETECTION PROJECT | $200,000 |
Houston, TX PURPOSE: GENERAL CHARITABLE PURPOSES | $100,000 |
Houston, TX PURPOSE: GENERAL CHARITABLE PURPOSES | $75,000 |
BELLVILLE MEDICAL CENTER PURPOSE: GENERAL CHARITABLE PURPOSES | $50,000 |
UNIVERSITY OF TEXAS MD ANDERSON CANCER CENTER PURPOSE: PROGRAM SUPPORTED BY LIVING LEGEND EVENT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |