Terry And Kelly Crofoot Foundation

Organization Overview

Terry And Kelly Crofoot Foundation is located in Lubbock, TX. The organization was established in 2017. 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. Terry And Kelly Crofoot 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, Terry And Kelly Crofoot Foundation generated $527.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 25.0% each year . All expenses for the organization totaled $230.0k during the year ending 12/2023. While expenses have increased by 17.1% 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 2016, Terry And Kelly Crofoot Foundation has awarded 64 individual grants totaling $1,059,675. 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
Terry Crofoot
Trustee
$0
Kelly Crofoot
Trustee
$0
Jordan Stegemoeller
Trustee
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $350,000
Interest on Savings $14,137
Dividends & Interest $183,515
Net Rental Income$0
Net Gain on Sale of Assets -$20,337
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $25
Total Revenue $527,340

Grants Awarded

Over the last fiscal year, Terry And Kelly Crofoot Foundation has awarded $199,150 in support to 15 organizations.

Grant RecipientAmount

KANSAS STATE UNIVERSITY FOUNDATION

PURPOSE: GENERAL SUPPORT

$55,000

RANCHING HERITAGE ASSOCIATION

PURPOSE: GENERAL SUPPORT

$1,000

NYU LANGONE HEALTH

PURPOSE: GENERAL SUPPORT

$50,000

TEXAS BOYS RANCH

PURPOSE: GENERAL SUPPORT

$650

REFUGE SERVICES INC

PURPOSE: THERAPY PROGRAMS

$10,000

COVENANT HEALTH FOUNDATION

PURPOSE: COVID OPS SUPPORT

$16,000
View Grant Profile

Peer Organizations

Organization NameAssets
Brown Foundation Inc
Houston, TX
$89,635,504
Alice L Walton Foundation
Bentonville, AR
$449,327,995
Builders Initiative
Bentonville, AR
$86,761,797
Fmh Foundation
Midland, TX
$73,532,830
Dan L Duncan Family Foundation
Houston, TX
$23,092,984
Robert A Welch Foundation 062491
Houston, TX
$61,396,407
Jesus Fund
Little Rock, AR
$128,635,887
Harriet And Warren Stephens Family Foundation
Little Rock, AR
$30,950,205
Ting Tsung And Wei Fong Chao Foundation
Houston, TX
$26,108,691
Jay Pritzker Foundation
Houston, TX
$9,950,464
William K Warren Foundation
Tulsa, OK
$34,266,089
Inasmuch Foundation
Oklahoma City, OK
$49,887,073
Edward N And Della L Thome Memorial Foundation
Dallas, TX
$5,661,914
The Cullen Foundation
Houston, TX
$18,825,483
Stanley E Fulton Family Foundation
Dallas, TX
$10,824,084
Union General Hospital
Farmerville, LA
$21,653,224
Karakin Foundation
Abilene, TX
$29,695,673
Centerpoint Energy Foundation Inc
Houston, TX
$5,340,538
Fore Kids Foundation Inc
Avondale, LA
$17,405,479
Addy Foundation
Dallas, TX
$6,993,780
Houston In Action
Houston, TX
$12,126,026
Willard And Pat Walker Charitable Foundation Inc
Fayetteville, AR
$11,017,809
Eula Mae And John Baugh Foundation
San Antonio, TX
$16,294,741
Impetus Foundation
San Antonio, TX
$7,635,616
Marshall Legacy Foundation
Metairie, LA
$15,687,056

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