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.
Since 2020, Elkins Foundation has awarded 354 individual grants totaling $50,765,601. 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 | |
Elise E Joseph Vice President & Trustee | 2 | $0 | |
Leslie E Sasser President & Trustee | 2 | $0 | |
Larry Medford Secretary & Treasurer | 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 $14,744,000 in support to 100 organizations.
| Grant Recipient | Amount |
|---|---|
AMAZING PLACE PURPOSE: SUPPORT OF THE AMAZING TOGETHER CAMPAIGN | $100,000 |
BARBARA BUSH HOUSTON LITERACY PURPOSE: SUPPORT OF A CELEBRATION OF READING 2024 | $15,000 |
ARMAND BAYOU NATURE CENTER PURPOSE: SUPPORT OF THE RENEWAL 2024 CAMPAIGN - PHASE 2 TO CREATE A NEW WELCOME CENTER | $50,000 |
BATTLESHIP TEXAS FOUNDATION PURPOSE: SUPPORT OF THE BATTLESHIP TEXAS MUSEUM EXPANSION & RESTORATION | $500,000 |
BAY AREA TURNING POINT PURPOSE: SUPPORT OF CAPITAL IMPROVEMENTS AND SHELTER UPGRADES | $40,000 |
BAYLOR COLLEGE OF MEDICINE PURPOSE: SUPPORT OF THE NEW HEALTH SCIENCES EDUCATION BUILDING | $770,000 |