Burnett Foundation
- Assets
- $0.0
- Revenue
- -$29.0m
- Investments
- $152.4m
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 09/2016
- Data as of
- 12/2021
- EIN
- 81-6523186
Organization Overview
Burnett Foundation is located in Fort Worth, TX. The organization was established in 2016. 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. Burnett Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2017, Burnett Foundation has awarded 151 individual grants totaling $273,442,212. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DIRECT ACTIVITY OF THE FOUNDATION IS THE PUBLIC DISPLAY OF WORKS OF ART IN A PUBLIC PARK.
ALTHOUGH THE NUMBER OF INDIVIDUALS VIEWING THE WORKS OF ART ARE SUBSTANTIAL, NO RECORDS ARE MAINTAINED NOR CAN A REASONABLE ESTIMATE BE MADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John L Marion Trustee | 1 | $0 | |
Anne Windfohr Grimes Trustee | 1 | $0 | |
V Neils Agather Trustee | 2 | $0 | |
Dee Kelly Jr Trustee | 1 | $0 | |
Trish Doswell Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Whitley Penn Llp | 12/30/22 | $223,690 |
Jpmorgan Chase Bank Na | 12/30/22 | $143,052 |
Kelly Hart & Hallman Llp | 12/30/22 | $137,365 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $315,732 |
| Dividends & Interest | $1,768,674 |
| Profit on Inventory Sales | $0 |
| Other Income | -$7,723,939 |
| Total Revenue | -$29,005,336 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $106,866 |
| Depreciation | $1,183,925 |
| Occupancy | $26,004 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $2,705,212 |
| Contributions, gifts, grants paid | $3,845,403 |
| Total expenses and disbursements | $6,550,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $41,582,448 |
| Other assets | $1,146,482 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,263,615 |
Grants Awarded
Over the last fiscal year, Burnett Foundation has awarded $7,358,886 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN QUARTER HORSE FOUNDATION PURPOSE: GENERAL SUPPORT | $1,379,791 |
FORT WORTH ART ASSOCIATION PURPOSE: GENERAL SUPPORT | $1,340,801 |
FORT WORTH ART ASSOCIATION ENDOWMENT FOUNDATION PURPOSE: GENERAL SUPPORT | $958,851 |
GEORGIA O'KEEFFE MUSEUM PURPOSE: GENERAL SUPPORT | $2,299,652 |
KIMBELL ART MUSEUM PURPOSE: GENERAL SUPPORT | $919,861 |
NATIONAL COWGIRL MUSEUM & HALL OF FAME PURPOSE: GENERAL SUPPORT | $459,930 |