The Cullen Foundation
- Assets
- $280.0m
- Revenue
- $18.8m
- Investments
- $274.7m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 09/2000
- Data as of
- 12/2022
- EIN
- 76-0647361
Organization Overview
The Cullen Foundation is located in Houston, TX. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Cullen 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, Cullen Foundation generated $18.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $21.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Cullen Foundation has awarded 84 individual grants totaling $49,510,000. 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 |
|---|---|---|---|
Wilhelmina E Robertson Chairman/dir | 10 | $0 | |
Carla Knobloch Vice Chairman/dir | 2 | $0 | |
Meredith T Cullen Secretary/dir | 2 | $0 | |
Isaac Arnold III Director | 2 | $0 | |
Marvin E Odum Director | 2 | $0 | |
Scott W Wise President, Ceo, Cio | 40 | $521,984 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Silchester International Investors | 12/30/22 | $245,541 |
Northern Trust Company | 12/30/22 | $185,236 |
Albourne America Llc | 12/30/22 | $120,000 |
Fayez Sarofim & Co | 12/30/22 | $68,877 |
Income Research Management Inc | 12/30/22 | $62,008 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $81,606 |
| Dividends & Interest | $1,592,869 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,678,430 |
| Capital Gain Net Income | $14,741,289 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,472,578 |
| Total Revenue | $18,825,483 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,026,847 |
| Other employee salaries and wages | $73,267 |
| Pension plans, employee benefits | $213,346 |
| Interest | $0 |
| Taxes | $708,990 |
| Depreciation | $28,409 |
| Occupancy | $76,040 |
| Travel, conferences, and meetings | $4,789 |
| Printing and publications | $1,190 |
| Other expenses | $305,935 |
| Total operating and administrative expenses | $3,827,506 |
| Contributions, gifts, grants paid | $17,900,000 |
| Total expenses and disbursements | $21,727,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $261,213 |
| Savings and temporary cash investments | $4,863,659 |
| 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 | $223,207,755 |
| Net Land, buildings, and equipment | $124,405 |
| Other assets | $0 |
| Total assets | $279,962,236 |
| 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 Cullen Foundation has awarded $17,900,000 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
ALLEY THEATRE PURPOSE: ANNUAL GIVING GRANT | $150,000 |
BAYLOR COLLEGE OF MEDICINE PURPOSE: BAYLOR COLLEGE OF MEDICINES HEALTH SCIENCES TOWER | $6,000,000 |
CHILDREN'S MUSEUM INC PURPOSE: ANNUAL GIVING GRANT | $60,000 |
THE BETA FOUNDATION DBA BETA ACADEMY PURPOSE: JOY CAMPAIGN PHASE II | $500,000 |
THE COUNCIL ON RECOVERY PURPOSE: ANNUAL GIVING GRANT | $40,000 |
DA CAMERA SOCIETY OF TEXAS PURPOSE: ANNUAL GIVING GRANT | $75,000 |