Amarillo Business Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AMARILLO, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.2M in total assets. In 2024, it awarded 13 grants totaling $222K. Net investment income was $179K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.2M
-1.9% YoY
Annual Giving
$222K
-6.3% YoY
Grant Count
13
+18.2% YoY
Avg Grant Size
$17K
-20.7% YoY
Under IRS private-foundation payout rules, Amarillo Business Foundation reported a distributable amount of $237K for 2024 — the minimum it must pay out in qualifying distributions.
About Amarillo Business Foundation
Based on IRS filings
Amarillo Business Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AMARILLO, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.2M in total assets. In 2024, it awarded 13 grants totaling $222K. Net investment income was $179K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,247,265 | $4,331,133 | $4,396,748 |
| Revenue | $206,187 | $233,883 | $20,027 |
| Expenses | $290,017 | $299,608 | $337,376 |
| Qualifying Distributions | $222,000 | $236,800 | $268,000 |
| Net Investment Income | $178,730 | $206,444 | $73,848 |
| Distributable Amount | $236,698 | $222,259 | $237,290 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
64 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Kids Inc ($50,000), Downtown Womens Center ($30,000), Turn Center ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UNITED WAY AMARILLO, TX | CONTRIBUTION | $15,000 |
| KIDS INC AMARILLO, TX | ROCKROSE SPORTS PARK | $50,000 |
| TURN CENTER AMARILLO, TX | COMPUTERS AND TECHNICAL EQUIPMENT | $20,000 |
| HIGH PLAINS PUBLIC RADIO GARDEN CITY, KS | ARTS IN SUNSET CENTER LOCATION | $10,000 |
| DOWNTOWN WOMENS CENTER AMARILLO, TX | HAVEN HOUSE TOO RENOVATION | $30,000 |
| ANOTHER CHANCE HOUSE AMARILLO, TX | EQUIP/FURNISHINGS VETERAN HOUSING | $20,000 |
| AMARILLO HABITAT FOR HUMANITY AMARILLO, TX | NORTH HEIGHTS HOME CONSTRUCTION | $15,000 |
| AMARILLO MUSEUM OF ART AMARILLO, TX | MUSEUM DOOR/ENTRANCES | $15,000 |
| HOPE TO OPPORTUNITIES FOUNDATION AMARILLO, TX | TRANSITIONAL EMPLOYMENT CENTER/GYM | $20,000 |
| AMARILLO TRIBUNE AMARILLO, TX | OPERATING EXPENSES | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM T WARE | PRESIDENT | 1 | — |
| BENJAMIN WHITTENBURG | VICE-PRESIDE | 1 | — |
| GEORGE RAFFKIND | TREASURER | 1 | — |
| ANDREW MITCHELL | SECRETARY | 1 | — |
| MIKE HUGHES | DIRECTOR | 1 | — |
| LOUISE ROSS | EXECUTIVE DI | 30 | $32,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Amarillo Business Foundation?
Amarillo Business Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AMARILLO, TX. It holds $4.2M in total assets as of 2024.
How large is Amarillo Business Foundation?
As of 2024, Amarillo Business Foundation holds $4.2M in total assets with $206K in annual revenue. It awarded 13 grants totaling $222K in 2024.
Where does Amarillo Business Foundation operate?
Amarillo Business Foundation has awarded grants in Kansas, Texas.
What size grants does Amarillo Business Foundation award?
In 2024, Amarillo Business Foundation awarded 13 grants totaling $222K — an average of about $17K per grant, based on its IRS Form 990 filings.
How much is Amarillo Business Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Amarillo Business Foundation reported a distributable amount of $237K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Amarillo Business Foundation's EIN?
Amarillo Business Foundation's EIN (Employer Identification Number) is 75-2859752. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Amarillo Business Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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