Air Force Heritage Flight Foundation

HOUSTON, TX EIN: 27-4341345

Air Force Heritage Flight Foundation is a private foundation focused on Arts, Culture & Humanities, based in HOUSTON, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 2 grants totaling $35K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.6M

+5.8% YoY

Annual Giving

$35K

+75.0% YoY

Grant Count

+100.0% YoY

Avg Grant Size

$18K

-12.5% YoY

Under IRS private-foundation payout rules, Air Force Heritage Flight Foundation reported a distributable amount of $76K for 2024 — the minimum it must pay out in qualifying distributions.

About Air Force Heritage Flight Foundation

Based on IRS filings

Focus Areas

Arts, Culture & Humanities

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

California $55K (100%)

States

California

Cities

ChinoWoodland

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,619,489	$1,531,181	$1,173,082
Revenue	$1,000,000	$1,258,062	$1,000,250
Expenses	$919,424	$899,963	$891,683
Qualifying Distributions	$911,692	$899,963	$891,683
Net Investment Income	—	—	—
Distributable Amount	$76,216	$65,090	$54,807

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

3 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Planes of Fame Air Museum ($20,000), Project Recover Inc ($15,000).

Recipient	Purpose	Amount
Project Recover Inc Woodland, CA	Support for the Skyward Bound program	$15,000
Planes of Fame Air Museum Chino, CA	Support for the Skyward Bound program	$20,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Thomas Dan Friedkin	Director, Chairman and President	0.5	—
Eric F Williamson	Director, Vice President	0.5	—
Tommy Williams	Vice President	15	$60,000
Paige B Larrabee	Secretary	0.25	—
Brianne M Lee	Treasurer	0.25	—
Joshua R Holm	Director	0.1	—

Subject Areas

Focus areas based on grantmaking activity

Arts, Culture & Humanities

Frequently Asked Questions

What is Air Force Heritage Flight Foundation?

Air Force Heritage Flight Foundation is a private foundation focused on Arts, Culture & Humanities, based in HOUSTON, TX. It holds $1.6M in total assets as of 2024.

How large is Air Force Heritage Flight Foundation?

As of 2024, Air Force Heritage Flight Foundation holds $1.6M in total assets with $1.0M in annual revenue. It awarded 2 grants totaling $35K in 2024.

Where does Air Force Heritage Flight Foundation operate?

Air Force Heritage Flight Foundation has awarded grants in California.

What size grants does Air Force Heritage Flight Foundation award?

In 2024, Air Force Heritage Flight Foundation awarded 2 grants totaling $35K — an average of about $18K per grant, based on its IRS Form 990 filings.

How much is Air Force Heritage Flight Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Air Force Heritage Flight Foundation reported a distributable amount of $76K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Air Force Heritage Flight Foundation's EIN?

Air Force Heritage Flight Foundation's EIN (Employer Identification Number) is 27-4341345. IRS Form 990 filing data is available on this page for 2020–2024.