Dodge Jones Legacy Foundation

Foundation · Grantmaker Abilene, TX EIN: 83-0775721

Dodge Jones Legacy Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Abilene, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $27.3M in total assets. In 2024, it awarded 1 grant totaling $2.1M. Net investment income was $3.0M.

Key facts about Dodge Jones Legacy Foundation

EIN: 83-0775721
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $2,100,000
Grants made (2024): 1
Average grant: $2,100,000
Median grant: $2,100,000
Total assets: $27,307,788
Primary geography: Texas (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

How Dodge Jones Legacy Foundation gives

Giving grew 1503% from 2021 to 2024. Method
In 2024 it paid out 109% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with Dodge Jones Legacy Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$27.3M

+2.7% YoY

Annual Giving

$2.1M

+16.7% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$2.1M

+16.7% YoY

Under IRS private-foundation payout rules, Dodge Jones Legacy Foundation reported a distributable amount of $1.9M for 2024 — the minimum it must pay out in qualifying distributions.

About Dodge Jones Legacy Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $2.1M (100%)

Share of all 1 itemized 2024 grant dollars.

States

Texas

Cities

Abilene

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$27,307,788	$26,592,330	$26,384,221
Revenue	$3,950,551	$3,027,689	$1,722,421
Expenses	$3,263,848	$2,861,318	$2,666,399
Qualifying Distributions	$2,100,000	$1,800,000	$1,430,000
Net Investment Income	$3,014,011	$2,182,869	$934,788
Distributable Amount	$1,931,209	$1,759,828	$1,772,469

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 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 1 recipients in 2024

Grant Size Distribution

8 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Community Foundation of Abilene ($2,100,000).

Recipient	Purpose	Amount
COMMUNITY FOUNDATION OF ABILENE Abilene, TX	GENERAL OPERATIONS	$2,100,000

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
Kade L Matthews	President	1	—
Jospeh E Canon	Exec. Vice President	1	—
Kirk Thaxton	Secretary/Treasurer	1	—
Meredith Nicholson	Director	1	—
Watt Matthews	Director	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Dodge Jones Legacy Foundation?

Dodge Jones Legacy Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Abilene, TX. It holds $27.3M in total assets as of 2024.

How large is Dodge Jones Legacy Foundation?

As of 2024, Dodge Jones Legacy Foundation holds $27.3M in total assets with $4.0M in annual revenue. It awarded 1 grant totaling $2.1M in 2024.

Where does Dodge Jones Legacy Foundation operate?

Dodge Jones Legacy Foundation has awarded grants in Texas.

What size grants does Dodge Jones Legacy Foundation award?

In 2024, Dodge Jones Legacy Foundation awarded 1 grant totaling $2.1M — an average of about $2.1M per grant, based on its IRS Form 990 filings.

How much is Dodge Jones Legacy Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Dodge Jones Legacy Foundation reported a distributable amount of $1.9M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.