Gene Conley Foundation

Foundation · Grantmaker Saint Louis, MO EIN: 75-2224430

The Gene Conley Foundation is a private foundation administered by Wells Fargo Bank, N.A. as trustee. The foundation supports charitable causes with a primary focus on north central Texas.

Key facts about Gene Conley Foundation

EIN: 75-2224430
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $486,000
Grants made (2024): 20
Average grant: $24,300
Median grant: $20,000
New grantees (estimate): 30% first-time grantees (6 of 20, 2024)
Total assets: $6,068,346
Primary geography: Texas (100% of itemized 2024 grant dollars)
How to apply: Applications are accepted year-round. Full details ↓

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Who Gene Conley Foundation funds

By grant dollars, the top recipient states for Gene Conley Foundation's 20 itemized 2024 grants were Texas (100%). The most frequent recipient cities were Wichita Falls, TX (11 grants), Vernon, TX (4 grants) and Quanah, TX (2 grants). 100% of grants with a stated purpose were for general or operating support.

Is Gene Conley Foundation open to new grantees?

30%

first-time grantees, 2024

In 2024, 6 of 20 grantees (30%) were first-time recipients. First grants averaged $21K; repeat grants $26K. How we count

Medians: $15K first-time, $23K repeat.

50% of 2024 grantees were also funded in 2023. Method
Giving held roughly steady from 2021 to 2024 (+15%). Method
In 2024 it paid out 101% 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.

Next steps with Gene Conley Foundation

How to evaluate Gene Conley Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$6.1M

-2.7% YoY

Annual Giving

$486K

+10.2% YoY

Grant Count

-4.8% YoY

Avg Grant Size

$24K

+15.7% YoY

Under IRS private-foundation payout rules, Gene Conley Foundation reported a distributable amount of $508K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's mission is to support a variety of charitable causes, primarily within north central Texas.

The foundation awards grants exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals.

Program Areas:

Arts, culture, and humanities
Education
Environment and animals
Health
Human services
Public/society benefit
Religion

Grantmaking

Review Cycle

May 1

How to Apply

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Geographic Focus

Where this funder awards grants

While there are no formal geographic limitations, the foundation primarily supports organizations located within north central Texas.

States Served: Texas

Grant Distribution by State

Texas $486K (100%)

Share of all 20 itemized 2024 grant dollars.

States

Kansas North Carolina Texas

Cities

Wichita FallsVernonQuanahDallasAustinBurkburnettIrvingEmporiaFort WorthHighlandsMidlandWashingtonWichita

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$6,068,346	$6,233,697	$6,768,426
Revenue	$471,110	$178,063	$706,593
Expenses	$621,784	$576,237	$560,829
Qualifying Distributions	$513,415	$466,514	$455,179
Net Investment Income	$346,142	$403,682	$357,352
Distributable Amount	$508,293	$499,733	$460,877

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

97 grants across all recorded years

Open Grants

1 open opportunity from Gene Conley Foundation

Foundation

Gene Conley Foundation Grant

Gene Conley Foundation

Amount

Varies

Deadline

Rolling / Open

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Boys and Girls Club of Vernon Inc ($80,000), Northwest Texas Council Boy Scouts of ($50,000), Boys Club of Burkburnett ($50,000).

Recipient	Purpose	Amount
BOYS AND GIRLS CLUB OF VERNON INC Vernon, TX	GENERAL OPERATING	$80,000
NORTHWEST TEXAS COUNCIL BOY SCOUTS OF Wichita Falls, TX	GENERAL OPERATING	$50,000
BOYS CLUB OF BURKBURNETT Burkburnett, TX	GENERAL OPERATING	$50,000
FIRST BAPTIST CHURCH QUANAH TEXAS Quanah, TX	GENERAL OPERATING	$50,000
TEXAS SCOTTISH RITE HOSPITAL FOR Dallas, TX	GENERAL OPERATING	$40,000
HARDEMAN COUNTY MUSEUM AND HISTORICAL Quanah, TX	GENERAL OPERATING	$30,000
CHILD ADVOCATES CASA OF RED RIVER Wichita Falls, TX	GENERAL OPERATING	$25,000
VERNON COLLEGE Vernon, TX	GENERAL OPERATING	$25,000
CHILD CARE INC Wichita Falls, TX	GENERAL SUPPORT	$25,000
CAMP FIRE Midland, TX	GENERAL OPERATING	$20,000

Leadership & Key People

Leadership team and compensation from IRS filings

Wells Fargo Bank, N.A. serves as trustee.

Compensation Overview

From 2024 IRS filing

Name	Title	Hours	Compensation
Mac W Cannedy Jr	Advisory Board Membr	10	—
Bill Daniel	Advisory Board Member	10	—
Terry Pence	Advisory Board Member	10	—
Barry Plaxco	Advisory Board Member	10	—
Rhonda Poirot	Advisory Board Member	10	—
Steve Lynn McSpadden	Advisory Board Member	10	—
Christopher Travelstead	Advisory Board Member	10	—
Wells Fargo Bank N a	Trustee	1	$102,760

Frequently Asked Questions

What does Gene Conley Foundation fund?

The foundation's mission is to support a variety of charitable causes, primarily within north central Texas. The foundation awards grants exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. **Program Areas:** • Arts, culture, and humanities • Education • Environment and animals • Health • Human services • Public/society benefit • Religion

How do I apply for a grant from Gene Conley Foundation?

Applications are accepted year-round. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

Where does Gene Conley Foundation make grants?

While there are no formal geographic limitations, the foundation primarily supports organizations located within north central Texas. **States Served:** Texas

What size grants does Gene Conley Foundation award?

In 2024, Gene Conley Foundation awarded 20 grants totaling $486K — an average of about $24K per grant, based on its IRS Form 990 filings.

How much is Gene Conley Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Gene Conley Foundation reported a distributable amount of $508K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.