Fifth Avenue Foundation

Foundation · Grantmaker FORT WORTH, TX EIN: 75-1659424

Fifth Avenue Foundation is a private foundation, based in FORT WORTH, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $898K in total assets. In 2024, it awarded 18 grants totaling $80K. Net investment income was $88K.

Key facts about Fifth Avenue Foundation

EIN: 75-1659424
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $80,000
Grants made (2024): 18
Average grant: $4,444
Median grant: $3,500
New grantees (estimate): 11% first-time grantees (2 of 18, 2024)
Total assets: $898,422
Primary geography: Texas (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated April 2026. New grantees are estimated by matching recipient names across years (methodology).

Who Fifth Avenue Foundation funds

By grant dollars, the top recipient states for Fifth Avenue Foundation's 18 itemized 2024 grants were Texas (100%). The most frequent recipient cities were Fort Worth, TX (17 grants). None of its 18 grants with a stated purpose were described as general or operating support. Recurring purposes include "To SupportCharitablePurpose" (11 grants) and "To SupportCharitable Purpose" (3 grants).

Is Fifth Avenue Foundation open to new grantees?

11%

first-time grantees, 2024

In 2024, 2 of 18 grantees (11%) were first-time recipients. First grants averaged $3K; repeat grants $5K. How we count

Medians: $3K first-time, $5K repeat.

89% of 2024 grantees were also funded in 2023. Method
Giving held roughly steady from 2021 to 2024 (−6%). Method
In 2024 it paid out 102% of its IRS minimum distribution (the 5% rule). Method

Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$898K

+1.8% YoY

Annual Giving

$80K

+12.7% YoY

Grant Count

-10.0% YoY

Avg Grant Size

$4K

+25.2% YoY

Under IRS private-foundation payout rules, Fifth Avenue Foundation reported a distributable amount of $78K for 2024 — the minimum it must pay out in qualifying distributions.

About Fifth Avenue Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $80K (100%)

Share of all 18 itemized 2024 grant dollars.

States

Texas

Cities

Fort WorthEnnisDallasKeen

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$898,422	$882,898	$925,294
Revenue	$107,330	$40,268	$43,492
Expenses	$99,798	$82,664	$90,244
Qualifying Distributions	$80,000	$71,000	$72,000
Net Investment Income	$87,532	$28,603	$25,521
Distributable Amount	$78,422	$72,864	$74,800

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 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 10 recipients in 2024

Grant Size Distribution

93 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Fort Worth Opera ($10,000), Van Cliburn Foundation ($10,000), Texas Ballet Theater Inc ($10,000).

Recipient	Purpose	Amount
Fort Worth Opera Fort Worth, TX	To SupportCharitablePurpose	$10,000
Van Cliburn Foundation Fort Worth, TX	To SupportCharitablePurpose	$10,000
Texas Ballet Theater Inc Fort Worth, TX	To SupportCharitablePurpose	$10,000
Casa Manana Fort Worth, TX	To SupportCharitablePurpose	$5,000
Youth Orchestra of Greater Fort Worth Fort Worth, TX	To Support Charitable Purpose	$5,000
Mimir Chamber Music Festival Fort Worth, TX	To Support CharitablePurpose	$5,000
Stage West Fort Worth, TX	To SupportCharitablePurpose	$5,000
Key School Fort Worth, TX	To Support Arts Program	$5,000
Ennis Public Theatre Ennis, TX	To SupportCharitablePurpose	$4,000
Amphibian Stage Productions Fort Worth, TX	To SupportCharitable Purpose	$3,000

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
Harry E Bartel	Pres/Treas	1	—
Michael G Appleman	Sec/Asst Treas	2	—
Dale Harper	VP/Asst Sec	1	—

Frequently Asked Questions

How large is Fifth Avenue Foundation?

As of 2024, Fifth Avenue Foundation holds $898K in total assets with $107K in annual revenue. It awarded 18 grants totaling $80K in 2024.

Where does Fifth Avenue Foundation operate?

Fifth Avenue Foundation has awarded grants in Texas.

What size grants does Fifth Avenue Foundation award?

In 2024, Fifth Avenue Foundation awarded 18 grants totaling $80K — an average of about $4K per grant, based on its IRS Form 990 filings.

How much is Fifth Avenue Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Fifth Avenue Foundation reported a distributable amount of $78K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.