The Powell Foundation

Organization Overview

The Powell Foundation is located in Houston, TX. The organization was established in 1999. 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. Powell 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 12/2022, Powell Foundation generated $35.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 28.3% each year . All expenses for the organization totaled $22.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Powell Foundation has awarded 581 individual grants totaling $38,262,205. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

GIBBS-POWELL HOUSE: PRESERVING A LOCAL HISTORIC LANDMARK, PROVIDING OPPORTUNITIES FOR EDUCATION REGARDING WALKER COUNTY'S HISTORY, AND MAKING THE LANDMARK OPEN TO THE PUBLIC. THE GIBBS-POWELL HOUSE IS LEASED TO WALKER COUNTY AND IS MANAGED AND OPERATED BY THE WALKER COUNTY HISTORICAL COMMISSION AS THE GIBBS-POWELL HOUSE AND WALKER COUNTY MUSEUM.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Fayez Sarofim & Co
$727,671
Denise Smith Consulting Llc
$78,930
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $470,000
Interest on Savings $41,001
Dividends & Interest $6,486,330
Net Rental Income$0
Net Gain on Sale of Assets $28,542,903
Capital Gain Net Income $28,542,903
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $35,540,234

Grants Awarded

Over the last fiscal year, The Powell Foundation has awarded $20,734,422 in support to 305 organizations.

Grant RecipientAmount

COLLABORATIVE FOR CHILDREN

Org PageRecipient Profile

Houston, TX

PURPOSE: EARLY CHILDHOOD DEVELOPMENT AND EDUCATION: QUALITY EARLY LEARNING CENTERS AND PROVIDERS

$1,016,916

AVANCE INC

PURPOSE: EARLY CHILDHOOD DEVELOPMENT AND EDUCATION: PARENT, FAMILY, AND CAREGIVER SUPPORT

$974,456

UTEACH INSTITUTE CO UNIVERSITY OF TEXAS FOUNDATION

PURPOSE: QUALITY K-12 PUBLIC SCHOOLS: EXCELLENT EDUCATOR INITIATIVES

$802,166

AUSTIN PARKS FOUNDATION

PURPOSE: CONSERVATION: COMMUNITY ACCESS TO PARKS AND URBAN GREENSPACES

$503,085

HILL COUNTRY CONSERVANCY

Org PageRecipient Profile

Austin, TX

PURPOSE: CONSERVATION: ENVIRONMENTAL PROTECTION EFFORTS

$491,527

CENTER FOR TRANSFORMING ALTERNATIVE PREPARATION PATHWAYS

PURPOSE: QUALITY K-12 PUBLIC SCHOOLS: EXCELLENT EDUCATOR INITIATIVES

$400,000
View Grant Profile

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