AKT Foundation
AKT Foundation is a private foundation based in Amarillo, Texas. Its filings report that it made grants in 2023, but its 2024 return is marked final and says the foundation ceased its activities and operations; the 2025 filing reports no grants and no assets. The foundation appears to have wound down and stopped grantmaking.
AKT Foundation at a glance
In short: AKT Foundation reported $750 in grants paid in 2025 (a total; its filing lists no individual grants). Source: 2025 IRS Form 990-PF.
- Grants paid (2025)
- $750 — reported as a total on the IRS filing, without an itemized list
- -25.0% vs 2024
- Revenue (2025)
- $154
- +7600.0% vs 2024
- Qualifying distributions (2025)
- $750
- -25.0% vs 2024
- Expenses (2025)
- $750
- -25.0% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to AKT Foundation
- Contact
Mailing address: 4705 Olsen Blvd, Amarillo, TX 79106-4733
Phone: (806) 358-8116
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who AKT Foundation funds
How this funder distributes its grants
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 11 grants of 11 (100%).
Geographic Focus
Where this funder awards grants
The listed 2023 grantees are based in Amarillo, Texas. The filing narrative also names Kibo Group and Refugee Language Project as recipients of 2025 distributions.
Grant Distribution by State
Cities
How AKT Foundation gives
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $300 (2021) to $10K (2023). In 2025 it reported $750 in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Kibo Group International Searcy, AR | Program assistance. | $1,633 |
| Eveline's Sunshine Cottage Amarillo, TX | Organizations general program purposes for the benefit of those it serves. | $1,000 |
| Mission 2540 Amarillo, TX | Program assistance. | $1,000 |
| The Hope and Healing Place Amarillo, TX | Program assistance. | $1,000 |
| MNS Foundation Amarillo, TX | Program assistance for sober living facility. | $1,000 |
| Heal the City Amarillo, TX | Program assistance. | $1,000 |
| Refugee Language Project Amarillo, TX | Program assistance. | $1,000 |
| Southwest Church of Christ Amarillo, TX | Perryton tornado relief assistance. | $1,000 |
| High Plains Children's Home Amarillo, TX | Program assistance. | $500 |
| Storybridge Amarillo, TX | Program assistance. | $500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2025 | — | $154 | $750 | $750 | Total only | $750 | $27 |
| 2024 | $596 | $2 | $1,000 | $1,000 | Total only | $1,000 | — |
| 2023 | $1,594 | $11,097 | $10,133 | $10,133 | 11 | $10,133 | — |
| 2022 | $630 | $6,036 | $5,500 | $5,500 | Total only | $5,500 | — |
| 2021 | $94 | $67 | $300 | $300 | Total only | — | — |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
Under IRS private-foundation payout rules, AKT Foundation reported a distributable amount of $27 for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2023 grants included organizations whose stated missions address children and families, literacy, support for people experiencing homelessness or grief, refugee language access, and addiction treatment. For example, Mission 2540 describes its mission as caring for children who are poor or disadvantaged, while Storybridge says it works toward every child in the Amarillo area owning at least 20 age-appropriate books.
Grantmaking
In 2023, the foundation reported $10,133 in grants across 11 grants. Listed recipients included Mission 2540 ($1,000), The Hope and Healing Place Inc ($1,000), Eveline’s Sunshine Cottage ($1,000), Refugee Language Project ($1,000), MNS Foundation Inc ($1,000), Storybridge Inc ($500), and High Plains Children’s Home ($500).
The foundation’s final-return narrative reports cash distributions of $500 to Kibo Group on June 9, 2025, and a $250 contribution to Refugee Language Project on June 18, 2025. It states that after those distributions the foundation had no assets and ceased its activities and operations. The filing also says the foundation did not restrict giving to preselected organizations.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Gerald G Morgan Jr as P Dir, Teri A Morgan as VP Dir, and T Adrian Morgan as Sec Tres Dir.
AKT Foundation's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Gerald G Morgan Jr.
P Director
President & Director → President Director, 2022
President Director → P Director, 2023
On filings since 2021
1 hr/week
No compensation reported
T Adrian Morgan
Secretary Treasurer Director
Secretary & Treasurer → S T & Director, 2022
S T & Director → Secretary Treasurer Director, 2023
On filings since 2021
0.1 hrs/week
No compensation reported
Teri A Morgan
Vice President Director
Vice President & Director → Vice President Director, 2022
On filings since 2021
0.3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about AKT Foundation
How much does AKT Foundation give each year?
AKT Foundation reported $750 in grants paid in 2025 on its 2025 IRS Form 990-PF, as a total without an itemized list of grants. In 2024 it reported $1K in grants paid.
What does AKT Foundation fund?
No mission statement for the foundation is provided. Its 2023 grants included organizations whose stated missions address children and families, literacy, support for people experiencing homelessness or grief, refugee language access, and addiction treatment. See mission & focus areas ↑
How do I apply for a grant from AKT Foundation?
AKT Foundation has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
Where does AKT Foundation make grants?
The listed 2023 grantees are based in Amarillo, Texas. The filing narrative also names Kibo Group and Refugee Language Project as recipients of 2025 distributions.
How much is AKT Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, AKT Foundation reported a distributable amount of $27 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is AKT Foundation's EIN?
AKT Foundation's EIN (Employer Identification Number) is 46-0724581. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 12, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS November 6, 2025)
- IRS filings on file for fiscal years 2021–2025
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Figures come from AKT Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
AKT Foundation down — hundreds of funders to go?