Marie M And James H Galloway Foundation
- Assets
- $51.4m
- Revenue
- $2.9m
- Investments
- $51.2m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 10/1990
- Data as of
- 12/2023
- EIN
- 76-0314195
Organization Overview
Marie M And James H Galloway Foundation is located in Houston, TX. The organization was established in 1990. 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. Marie M And James H Galloway 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, Marie M And James H Galloway Foundation generated $2.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (21.7%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Marie M And James H Galloway Foundation has awarded 208 individual grants totaling $16,892,773. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NO DIRECT CHARITABLE ACTIVITIES. ALL CONTRIBUTIONS WILL BE MADE TO CHARITIES FOR THEIR UNRESTRICTED USE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Montague Director | 2 | $0 | |
Steven J Lindley Director | 2 | $0 | |
Richard Rowe Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vaughan Nelson Investment Management | 12/30/23 | $72,099 |
Corient - Fka Avalon Advisors Llc | 12/30/23 | $131,411 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,429 |
| Dividends & Interest | $1,880,199 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $963,232 |
| Capital Gain Net Income | $963,232 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,556 |
| Total Revenue | $2,863,416 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $67,297 |
| Depreciation | $0 |
| Occupancy | $18,620 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,412 |
| Total operating and administrative expenses | $346,652 |
| Contributions, gifts, grants paid | $2,706,100 |
| Total expenses and disbursements | $3,052,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,583 |
| Savings and temporary cash investments | $229,068 |
| 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 | $1,743,852 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $51,447,271 |
| 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, Marie M And James H Galloway Foundation has awarded $2,706,100 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
ADMIRAL NIMITZ FOUNDATION PURPOSE: ARCHIVES DIGITIZATION INITIATIVE | $80,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL FUND | $20,000 |
AIR FORCE AID SOCIETY PURPOSE: GENERAL FUND | $15,000 |
ARTS FOR RURAL TEXAS PURPOSE: GENERAL FUND | $162,000 |
BO'S PLACE PURPOSE: GENERAL FUND | $30,000 |
BOTH ENDS BELIEVING PURPOSE: MISSION IN PARAGUAY | $100,000 |