Beal Foundation

Organization Overview

Beal Foundation is located in Midland, TX. The organization was established in 1963. 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. Beal 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 12/2023, Beal Foundation generated $13.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $8.9m during the year ending 12/2023. While expenses have increased by 9.2% per year over the past 8 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 2014, Beal Foundation has awarded 783 individual grants totaling $44,472,828. 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)Compensation
Spencer Beal
Trustee
$0
Barry Beal Jr
Trustee
$0
Stuart Beal
Trustee
$0
Steve Schorr
Trustee
$0
Elizabeth Beal Davenport
Chairman
$0
Mark Lowe Co Prosperity Bank
Secretary/treasurer
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Rbc Capital Markets
$436,395
Prosperity Bank
$121,283
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $424,471
Dividends & Interest $2,089,744
Net Rental Income$0
Net Gain on Sale of Assets $816,281
Capital Gain Net Income $816,281
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $10,282,864
Total Revenue $13,613,360

Grants Awarded

Over the last fiscal year, Beal Foundation has awarded $6,898,306 in support to 82 organizations.

Grant RecipientAmount

AMERICAN DIABETES ASSOCIATION

PURPOSE: OPERATING FUNDS

$20,000

APHASIA CENTER OF WEST TEXAS INC

PURPOSE: OPERATING FUNDS

$17,000

BRONTE INDEPENDENT SCHOOL DISTRICT

PURPOSE: OPERATING FUNDS

$20,000

BASIN DREAM CENTER FOR ORPHANS

PURPOSE: OPERATING FUNDS

$15,000

BUCKNER CHILDREN AND FAMILY SERVICES

PURPOSE: OPERATING FUNDS

$75,000

BYNUM SCHOOL

PURPOSE: OPERATING FUNDS AND CAPITAL FUNDS

$90,000
View Grant Profile

Peer Organizations

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