James and Molly Crownover Foundation
The James and Molly Crownover Family Foundation is a private foundation based in Houston, Texas, established in 2003. The foundation operates as a 501(c)(3) organization with tax-exempt status.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
-12.0% YoY
Annual Giving
$374K
-12.7% YoY
Grant Count
21
-12.5% YoY
Avg Grant Size
$18K
-0.2% YoY
Under IRS private-foundation payout rules, James and Molly Crownover Foundation reported a distributable amount of $176K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission statement has not been publicly disclosed. However, based on grant activity, the foundation supports:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Cultural institutions and the arts
Grantmaking
The foundation also supports Houston Grand Opera and other cultural and philanthropic organizations.
Grant Range
$1,000–$134,035
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Texas, New York, and California.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | Amount | Year |
|---|---|---|
| Total Assets | $1,593,363 | 2024 |
| Total Giving | $374,447 | 2024 |
| Total Revenues | $49,312 | 2024 |
| Total Expenses | $374,447 | 2024 |
The foundation has no employees and operates as a private foundation.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,593,363 | $1,811,330 | $1,638,384 |
| Revenue | $49,312 | $517,875 | $389,967 |
| Expenses | $374,447 | $428,836 | $295,150 |
| Qualifying Distributions | $374,447 | $428,836 | $289,951 |
| Net Investment Income | $49,312 | $517,875 | $75,545 |
| Distributable Amount | $176,499 | $142,171 | $135,328 |
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
102 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Houston Grand Opera ($97,101), Rice University ($63,500), Rice University ($60,072).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN HOSPITAL OF PARIS | GENERAL SUPPORT | $27,227 |
| ASIA SOCIETY OF TEXAS HOUSTON, TX | HUFFINGTON AWARD DINNER | $2,500 |
| ASIA SOCIETY OF TEXAS HOUSTON, TX | ANNUAL PLEDGE | $15,274 |
| GOOD REASON HOUSTON HOUSTON, TX | ANNUAL LUNCHEON | $2,000 |
| GREATER HOUSTON COMMUNITY FOUNDATION HOUSTON, TX | ROCC EMPLOYEE SCHOLARSHIP FUND | $3,000 |
| HOUSTON BALLET HOUSTON, TX | ANNUAL PLEDGE | $10,000 |
| HOUSTON GRAND OPERA HOUSTON, TX | FOUNDERS COUNCIL | $97,101 |
| HOUSTON METHODIST SOCIETY (METHODIST HOSPITAL FOUNDATION) HOUSTON, TX | ANNUAL PLEDGE | $10,000 |
| HOUSTON PARKS BOARD HOUSTON, TX | ANNUAL LUNCHEON DESROCHES CO-CHAIR | $5,000 |
| MEN OF DISTINCTION OF GREATER HOUSTON HOUSTON, TX | 2024 LUNCHEON | $2,400 |
Leadership & Key People
Leadership team and compensation from IRS filings
James W. Crownover is a former Senior Partner of McKinsey & Company, a worldwide management consulting firm. He graduated from Rice University with honors and a degree in chemical engineering, and earned an MBA from Stanford Graduate School of Business in 1968. His 30-year career with McKinsey included building the firm's practice in Texas after relocating to Houston from San Francisco.
Molly Crownover serves alongside James as a foundation leader and is recognized as a longtime supporter of cultural institutions, including Houston Grand Opera.
The couple has one daughter, Corwin, a Stanford graduate and software engineer.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES CROWNOVER | DIRECTOR | 0.1 | — |
| MOLLY CROWNOVER | DIRECTOR | 0.1 | — |
| CORWIN CROWNOVER | DIRECTOR | — | — |
Recent News & Activity
Recent developments and announcements
James and Molly Crownover chaired Houston Grand Opera's Opening Night performance of *La Traviata* in October 2022, which marked a post-pandemic return to gathering donors with the cast and creative team for dinner and was noted as the organization's largest opening night affair at that time.
James And Molly Crownover Family Foundation - Full FilingSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does James and Molly Crownover Foundation fund?
The foundation's mission statement has not been publicly disclosed. However, based on grant activity, the foundation supports: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Cultural institutions and the arts
How do I apply for a grant from James and Molly Crownover Foundation?
**Financial Overview:** • Total assets: $1,593,363 (as of 2024) • Total giving: $374,447 (2024) • Typical grant range: $1,000–$134,035 • Number of grants: 23 grants made in 2024 **Recent Grants (2024):** • United Way of Greater Houston: $45,196 (Building Possibilities Campaign; Annual Pledge) • American Hospital of Paris: $27,227 (General Support) • Asia Society Texas Center: $15,274 (Annual Pledge) The foundation also supports Houston Grand Opera and other cultural and philanthropic organizati…
Where does James and Molly Crownover Foundation make grants?
The foundation primarily funds organizations in Texas, New York, and California.
What size grants does James and Molly Crownover Foundation award?
In 2024, James and Molly Crownover Foundation awarded 21 grants totaling $374K — an average of about $18K per grant, based on its IRS Form 990 filings.
How much is James and Molly Crownover Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, James and Molly Crownover Foundation reported a distributable amount of $176K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is James and Molly Crownover Foundation's EIN?
James and Molly Crownover Foundation's EIN (Employer Identification Number) is 76-0700578. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in James and Molly Crownover Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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