Belmont Foundation
Belmont Foundation is a private foundation, based in Amarillo, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $50K in total assets. In 2024, it awarded 11 grants totaling $235K. Net investment income was $4K.
Key facts about Belmont Foundation
- EIN
- 75-2503354
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $235,000
- Grants made (2024)
- 11
- Average grant
- $21,364
- Median grant
- $18,000
- Total assets
- $49,601
- Primary geography
- Texas (73% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Belmont Foundation funds
By grant dollars, the top recipient states for Belmont Foundation's 11 itemized 2024 grants were Texas (73%), Arkansas (12%) and North Carolina (11%). The most frequent recipient cities were Irving, TX (4 grants) and Memphis, TN (2 grants). None of its 11 grants with a stated purpose were described as general or operating support. Recurring purposes include "Scholarships" (4 grants).
How Belmont Foundation gives
- Giving grew 22% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Belmont Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$50K
-51.4% YoY
Annual Giving
$235K
+7733.3% YoY
Grant Count
11
+266.7% YoY
Avg Grant Size
$21K
+2036.4% YoY
Under IRS private-foundation payout rules, Belmont Foundation reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.
About Belmont Foundation
Based on IRS filings
Belmont Foundation is a private foundation, based in Amarillo, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $50K in total assets. In 2024, it awarded 11 grants totaling $235K. Net investment income was $4K.
Ready to take the next step with Belmont Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 11 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $49,601 | $102,078 | $33,179 |
| Revenue | $188,592 | $73,393 | $75,320 |
| Expenses | $236,595 | $4,494 | $85,582 |
| Qualifying Distributions | $235,000 | $3,000 | $84,000 |
| Net Investment Income | $4,082 | $71,899 | $72,738 |
| Distributable Amount | $7,074 | $4,239 | $6,448 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
26 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include 12TH Man Foundation ($95,000), Irving Schools Foundation ($70,000 across 3 grants), Arkansas Community Foundation ($28,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 12TH MAN FOUNDATION College Station, TX | SWIMMING & DIVING FUND-BANQUET | $95,000 |
| IRVING SCHOOLS FOUNDATION Irving, TX | SCHOLARSHIPS | $32,000 |
| ARKANSAS COMMUNITY FOUNDATION Little Rock, AR | SCHOLARSHIP | $28,000 |
| ROARING GAP FOUNDATION Greensboro, NC | HURRICABE RELIEF | $25,000 |
| IRVING SCHOOLS FOUNDATION Irving, TX | SCHOLARSHIPS | $20,000 |
| IRVING SCHOOLS FOUNDATION Irving, TX | SCHOLARSHIPS | $18,000 |
| TUNNEL TO TOWERS FOUNDATION Staten Island, NY | MORTGAGE FREE HOMES | $10,000 |
| PAT MATHERS SCHOLARSHIP FUND Irving, TX | SCHOLARSHIPS | $5,000 |
| EDGEMERE CHAPEL Dallas, TX | BENEVOLENT FUND | $1,000 |
| ST JUDE CHILDREN RESEARCH HOSPITAL Memphis, TN | CANCER RESEARCH | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Ralph D Ellis | Sec/Director | — | — |
| Joy P Ellis | VP/Director | — | — |
| Kathryn Eason | Trea/Directo | — | — |
Frequently Asked Questions
How large is Belmont Foundation?
As of 2024, Belmont Foundation holds $50K in total assets with $189K in annual revenue. It awarded 11 grants totaling $235K in 2024.
Where does Belmont Foundation operate?
Belmont Foundation has awarded grants in Arkansas, Iowa, North Carolina, New York, Tennessee, Texas.
What size grants does Belmont Foundation award?
In 2024, Belmont Foundation awarded 11 grants totaling $235K — an average of about $21K per grant, based on its IRS Form 990 filings.
How much is Belmont Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Belmont Foundation reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Belmont Foundation's EIN?
Belmont Foundation's EIN (Employer Identification Number) is 75-2503354. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.