Beal Foundation
The Beal Foundation is a private family foundation established in 1963 by Keleen and Carlton Beal. Based in Midland, Texas, it operates as a 501(c)(3) tax-exempt organization dedicated to improving the quality of life in the Midland community. The foundation has maintained a consistent commitment to local impact over six decades, supporting 186 organizations since its inception.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$81.4M
+14.4% YoY
Annual Giving
$5.8M
-15.7% YoY
Grant Count
88
+7.3% YoY
Avg Grant Size
$66K
-21.5% YoY
Under IRS private-foundation payout rules, Beal Foundation reported a distributable amount of $4.9M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission is to contribute to the betterment of Midland, Texas, with a focus on:
- Education
- Health
- Humanities
- Welfare
The foundation evaluates grant requests based on organizational mission, demonstrated need, other available support, and the foundation's historical relationship with each organization.
Grantmaking
Applicants must be:
Grant Range
$1,000 to $500,000
Average Grant
Approximately $84,000 (2023)
Review Cycle
annually
How to Apply
**
Ready to take the next step with Beal Foundation?
Geographic Focus
Where this funder awards grants
The Beal Foundation exclusively funds organizations in the Midland, Texas area.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $81.4 million
- Total liabilities: $0
As of 2023:
- Revenue: $13.6 million
- Expenses: $8.89 million
- Net income: $4.7 million
- Total assets: $71.2 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $81,398,963 | $71,150,479 | $66,431,632 |
| Revenue | $18,166,151 | $13,613,360 | $18,015,271 |
| Expenses | $7,917,667 | $8,894,513 | $9,741,857 |
| Qualifying Distributions | $5,995,410 | $7,046,714 | $7,382,155 |
| Net Investment Income | $16,301,293 | $11,628,908 | $16,985,606 |
| Distributable Amount | $4,902,784 | $3,963,394 | $3,615,554 |
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
250 grants across all recorded years
Open Grants
1 open opportunity from Beal Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Midland Athletic Syndicate ($1,000,000), First Presbyterian Church Midland ($550,000), Basin Dream Center for Orphans ($405,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 311 MINISTRIES MIDLAND, TX | OPERATING FUNDS | $15,000 |
| ADDY'S HOPE ADOPTION AGENCY MIDLAND, TX | OPERATING FUNDS | $10,000 |
| AMERICAN DIABETES ASSOCIATION LUBBOCK, TX | OPERATING FUNDS | $20,000 |
| AMY BELL CHARITIES INC FOUNDATION MIDLAND, TX | OPERATING FUNDS | $10,000 |
| APHASIA CENTER OF WEST TEXAS INC MIDLAND, TX | OPERATING FUNDS | $20,000 |
| ARCHWAY OUTREACH INC MIDLAND, TX | OPERATING FUNDS | $50,000 |
| ASPEN VALLEY HOSPITAL FOUNDATION ASPEN, CO | OPERATING FUNDS | $20,000 |
| BASIN DREAM CENTER FOR ORPHANS MIDLAND, TX | OPERATING FUNDS | $405,000 |
| BOYS & GIRLS CLUB OF MIDLAND MIDLAND, TX | OPERATING FUNDS | $20,000 |
| BREAKING BREAD KITCHEN MIDLAND, TX | OPERATING FUNDS | $20,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is managed by the Beal family with the following board members:
- Elizabeth Beal Davenport (Chairman/President)
- Spencer Beal
- Barry Beal Jr.
- Stuart Beal (Secretary/Treasurer)
- Michael Beal
- Alex Beal
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SPENCER BEAL | TRUSTEE | — | — |
| BARRY BEAL JR | TRUSTEE | — | — |
| STUART BEAL | SECRETARY/TREASURER | — | — |
| STEVE SCHORR | TRUSTEE | — | — |
| ELIZABETH BEAL DAVENPORT | CHAIRMAN/PRESIDENT | — | — |
| KARLENE BEAL GARBER | TRUSTEE | — | — |
| STEVE HOFER CO COTTON BLEDSOE | TRUSTEE | — | — |
| LAURA BUCKNER | TRUSTEE | — | — |
| ALEX BEAL | TRUSTEE | — | — |
| MICHAEL BEAL | TRUSTEE | — | — |
| HILL DAVENPORT | TRUSTEE | — | — |
| CALLIE FUQUA | TRUSTEE | — | — |
| ASHLEY LAFEVERS | TRUSTEE | — | — |
| ADAM DAVENPORT | TRUSTEE | — | — |
| PHILLIP BEAL | TRUSTEE | — | — |
Contact Information
Address: 104 S Pecos St, Midland, TX 79701-5021
Phone: 432-682-3753
Website: https://thebealfoundation.org
Application Portal: https://thebealfoundation.submittable.com/submit
Frequently Asked Questions
What does Beal Foundation fund?
The foundation's mission is to contribute to the betterment of Midland, Texas, with a focus on: • Education • Health • Humanities • Welfare The foundation evaluates grant requests based on organizational mission, demonstrated need, other available support, and the foundation's historical relationship with each organization.
How do I apply for a grant from Beal Foundation?
**Grant Characteristics:** • Grant range: $1,000 to $500,000 • Average grant size: Approximately $84,000 (2023) • Number of grants awarded: 82 awards in 2023 • Annual giving: $6.9 million (2023) **Application Process:** • Applications submitted online via Submittable • Two fixed application deadlines annually • Decision time: Approximately 2 months • Success rate: 50% **Eligibility Requirements:** Applicants must be: • Tax-exempt under Internal Revenue Code Section 501(c)(3) • Classified as a p…
Where does Beal Foundation make grants?
The Beal Foundation exclusively funds organizations in the Midland, Texas area.
What size grants does Beal Foundation award?
In 2024, Beal Foundation awarded 88 grants totaling $5.8M — an average of about $66K per grant, based on its IRS Form 990 filings.
How much is Beal Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Beal Foundation reported a distributable amount of $4.9M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Beal Foundation's EIN?
Beal Foundation's EIN (Employer Identification Number) is 75-6034480. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Beal Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
William Z Hayes Foundation
DALLAS, TX
Assets
$629K
Grants
4
Total Given
$28K
Tr Uw Jane James Cook Item 19
DALLAS, TX
Assets
$861K
Grants
11
Total Given
$41K
Forsyth Fbo Leonard Wood Memorial
DALLAS, TX
Assets
$320K
Grants
1
Total Given
$18K
Teas Foundation
AMARILLO, TX
Assets
$3.0M
Grants
3
Total Given
$138K
Crystelle Waggoner Charitable Trust
DALLAS, TX
Assets
$13.5M
Grants
41
Total Given
$3.9M
Nelson & Debbie Fox Charitable Fdtn
LUBBOCK, TX
Assets
$329K
Grants
9
Total Given
$90K
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Beal Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Beal Foundation to a real strategy.