The Elkins Foundation
- Assets
- $205.5m
- Revenue
- $22.5m
- Investments
- $177.1m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 03/1958
- Data as of
- 10/2022
- EIN
- 74-6051746
Organization Overview
The Elkins Foundation is located in Houston, TX. The organization was established in 1958. 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. Elkins 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 10/2022, Elkins Foundation generated $22.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $15.4m during the year ending 10/2022. While expenses have increased by 4.3% per year over the past 4 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, Elkins Foundation has awarded 352 individual grants totaling $47,871,501. 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 |
|---|---|---|---|
Virginia A Elkins Vice President & Trustee | 2 | $0 | |
Leslie E Sasser Vice President & Trustee | 2 | $0 | |
Larry Medford Secretary & Treasurer | 2 | $0 | |
Elise E Joseph President & Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,132,052 |
| Interest on Savings | $241,867 |
| Dividends & Interest | $6,340,449 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,735,309 |
| Capital Gain Net Income | $14,735,309 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $45,571 |
| Total Revenue | $22,495,248 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $281,822 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $181,043 |
| Total operating and administrative expenses | $1,778,489 |
| Contributions, gifts, grants paid | $13,621,500 |
| Total expenses and disbursements | $15,399,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,450,490 |
| 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 | $4,647,489 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $205,514,799 |
| 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, The Elkins Foundation has awarded $13,621,500 in support to 75 organizations.
| Grant Recipient | Amount |
|---|---|
Houston, TX PURPOSE: SUPPORT OF EXPANDING THE TEXAS CHILDREN'S PAVILION FOR WOMEN | $2,000,000 |
Houston, TX PURPOSE: SUPPORT OF THE NEW HEALTH SCIENCES EDUCATION BUILDING | $1,200,000 |
MD ANDERSON CANCER CENTER PURPOSE: SUPPORT OF NEW CLINICAL TRIAL DESIGNED TO EXPLORE THE INTERACTIONS BETWEEN IMMUNOTHERAPY AND DIET | $1,000,000 |
FOUNDATION FOR JONES HALL PURPOSE: SUPPORT OF OVERTURE TO THE FUTURE | $1,000,000 |
UNIVERSITY OF TEXAS MCCOMBS SCHOOL PURPOSE: SUPPORT OF THE MULVA HALL FACILITIES PROJECT | $1,000,000 |
RICE UNIVERSITY PURPOSE: SUPPORT OF THE NEW ENGINEERING AND SCIENCE BUILDING | $700,000 |
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 |