George F & Mary L Leone Foundation
George F & Mary L Leone Foundation is a private foundation, based in Fort Worth, TX. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $3.0M in total assets. In 2024, it awarded 7 grants totaling $190K. Net investment income was $156K.
George F & Mary L Leone Foundation at a glance
In short: George F & Mary L Leone Foundation gave $190K across 7 grants in 2024 (avg $27K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $190,000
- +58.3% vs 2023
- Grants made (2024)
- 7
- +250.0% vs 2023
- Average grant
- $27,143
- -54.8% vs 2023
- Median grant
- $15,000
- Total assets
- $2,971,891
- -1.7% vs 2023
- Primary geography
- Texas (58% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who George F & Mary L Leone Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was Texas Wesleyan University ($90K). Together the top 7 received $190K.
Grant Size Distribution
21 grants across all recorded years
The most common grant size was under $50K: 14 grants of 21 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How George F & Mary L Leone Foundation gives
- Giving held roughly steady from 2021 to 2024 (+0%). Method
- In 2024 it paid out 85% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $70K (2020) to $303K (2022). In 2024 it made 7 grants totaling $190K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Texas Wesleyan University Fort Worth, TX | Education | $90,000 |
| Sent Ventures Vienna, VA | Education | $30,000 |
| Benedictine Monks | Education | $25,000 |
| Porch De Solomon Fernandina Beach, FL | Education | $15,000 |
| Texas Christian University Fort Worth, TX | Education | $10,000 |
| Tor Franscicans Carrollton, TX | Education | $10,000 |
| Dominican Western Prov Oakland, CA | Education | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,971,891 | $155,806 | $208,658 | $190,000 | 7 | $190,000 | $155,806 | $224,850 |
| 2023 | $3,024,743 | $120,722 | $127,719 | $120,000 | 2 | $120,000 | $1,234,891 | $171,499 |
| 2022 | $1,337,595 | $86,589 | $303,955 | $302,620 | 7 | $302,740 | $495,979 | $166,810 |
| 2021 | $1,145,571 | $86,416 | $191,711 | $190,000 | 4 | $190,000 | $599,266 | $135,947 |
| 2020 | $738,016 | $84,142 | $70,000 | $70,000 | 1 | — | $84,142 | $109,870 |
| 2019 | $723,874 | $79,898 | $130,665 | $130,000 | 2 | — | $79,898 | $115,171 |
Under IRS private-foundation payout rules, George F & Mary L Leone Foundation reported a distributable amount of $225K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
George F & Mary L Leone Foundation is led by Corey D. Williams, Trustee on every filing since 2021 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Corey D. Williams
Trustee
On filings since 2021
1 hr/week
No compensation reported
Former officers (1)
- Former: George Leone (2019–2020) — Trustee
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about George F & Mary L Leone Foundation
How much does George F & Mary L Leone Foundation give each year?
George F & Mary L Leone Foundation gave $190K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $120K across 2 grants.
What is George F & Mary L Leone Foundation's typical grant size?
George F & Mary L Leone Foundation's median grant in 2024 was $15,000, and its average grant was $27,143, across 7 grants on its 2024 IRS Form 990-PF.
Where does George F & Mary L Leone Foundation give grants?
George F & Mary L Leone Foundation gives mostly in Texas: 58% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Virginia (16%) and Florida (8%). The most frequent recipient cities were Fort Worth, TX (2 grants).
Does George F & Mary L Leone Foundation give general operating support?
Not in 2024: none of the 7 grants with a stated purpose on George F & Mary L Leone Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Education" (7 grants).
Who are George F & Mary L Leone Foundation's largest grantees?
George F & Mary L Leone Foundation's largest 2024 grantees include Texas Wesleyan University ($90,000), Sent Ventures ($30,000) and Benedictine Monks ($25,000), according to its 2024 IRS Form 990-PF. Together they received 76% of its itemized 2024 grant dollars.
How large is George F & Mary L Leone Foundation?
George F & Mary L Leone Foundation reported $3.0M in total assets on its 2024 IRS Form 990-PF. It paid out $190K in qualifying distributions that year, against a required minimum of $225K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is George F & Mary L Leone Foundation's EIN?
George F & Mary L Leone Foundation's EIN (Employer Identification Number) is 75-1574708. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS November 22, 2021)
- IRS filings on file for fiscal years 2020–2024
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