Joe and Van Mabee Foundation

Foundation · Grantmaker Midland, TX EIN: 26-3232437

Joe and Van Mabee Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Midland, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.4M in total assets. In 2024, it awarded 7 grants totaling $121K. Net investment income was $156K.

Key facts about Joe and Van Mabee Foundation

EIN: 26-3232437
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $120,730
Grants made (2024): 7
Average grant: $17,247
Median grant: $15,000
Total assets: $4,387,197
Primary geography: Texas (41% of itemized 2024 grant dollars)

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

Who Joe and Van Mabee Foundation funds

By grant dollars, the top recipient states for Joe and Van Mabee Foundation's 7 itemized 2024 grants were Texas (41%), New Mexico (41%) and Georgia (12%). The most frequent recipient cities were Santa Fe, NM (2 grants) and Midland, TX (2 grants). 100% of grants with a stated purpose were for general or operating support.

How Joe and Van Mabee Foundation gives

Giving held roughly steady from 2021 to 2024 (−18%). Method
In 2024 it paid out 77% 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.

Next steps with Joe and Van Mabee Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.4M

+10.8% YoY

Annual Giving

$121K

+14.7% YoY

Grant Count

+16.7% YoY

Avg Grant Size

$17K

-1.7% YoY

Under IRS private-foundation payout rules, Joe and Van Mabee Foundation reported a distributable amount of $157K for 2024 — the minimum it must pay out in qualifying distributions.

About Joe and Van Mabee 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 $50K (41%)

New Mexico $50K (41%)

Georgia $15K (12%)

Colorado $6K (5%)

Share of all 7 itemized 2024 grant dollars.

States

Colorado Georgia New Mexico Texas

Cities

Santa FeMidlandSan AntonioEnglewoodLamesaAtlantaSante Fe

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$4,387,197	$3,959,025	$3,473,593
Revenue	$590,549	$623,018	$566,904
Expenses	$162,377	$137,586	$180,218
Qualifying Distributions	$120,730	$105,250	$152,000
Net Investment Income	$156,240	$117,882	$94,396
Distributable Amount	$156,935	$119,091	$105,812

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 7 recipients in 2024

Grant Size Distribution

46 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Cornerstone Christian School ($25,000), Lightning Boy Foundation ($25,000), Santa Fe Opera ($25,000).

Recipient	Purpose	Amount
CORNERSTONE CHRISTIAN SCHOOL San Antonio, TX	GENERAL FUND	$25,000
LIGHTNING BOY FOUNDATION Santa Fe, NM	GENERAL PURPOSE	$25,000
SANTA FE OPERA Santa Fe, NM	GENERAL FUND	$25,000
MIDLAND HUMANE COALITION INC Midland, TX	GENERAL PURPOSE	$15,000
BOYS & GIRLS CLUB OF AMERICA NATIVE Atlanta, GA	GENERAL FUND	$15,000
APHASIA CENTER OF MIDLAND Midland, TX	GENERAL FUND	$10,000
FREEDOM SERVICE DOGS INC Englewood, CO	GENERAL FUND	$5,730

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
Van Wie Mabee	President	—	—
James E Jones	Vice-Preside	—	—
John C McDermett	Secretary/Tr	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Joe and Van Mabee Foundation?

Joe and Van Mabee Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Midland, TX. It holds $4.4M in total assets as of 2024.

How large is Joe and Van Mabee Foundation?

As of 2024, Joe and Van Mabee Foundation holds $4.4M in total assets with $591K in annual revenue. It awarded 7 grants totaling $121K in 2024.

Where does Joe and Van Mabee Foundation operate?

Joe and Van Mabee Foundation has awarded grants in Colorado, Georgia, New Mexico, Texas.

What size grants does Joe and Van Mabee Foundation award?

In 2024, Joe and Van Mabee Foundation awarded 7 grants totaling $121K — an average of about $17K per grant, based on its IRS Form 990 filings.

How much is Joe and Van Mabee Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Joe and Van Mabee Foundation reported a distributable amount of $157K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.