Joseph & Clifford Murphy Foundation
Joseph & Clifford Murphy Foundation is a private foundation focused on Education, based in Marshall, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $327K in total assets. In 2025, it awarded 2 grants totaling $15K. Net investment income was $29K.
Joseph & Clifford Murphy Foundation at a glance
In short: Joseph & Clifford Murphy Foundation gave $15K across 2 grants in 2025 (avg $8K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $15,000
- -6.3% vs 2024
- Grants made (2025)
- 2
- -50.0% vs 2024
- Average grant
- $7,500
- +87.5% vs 2024
- Median grant
- $7,500
- Total assets
- $327,298
- +4.3% vs 2024
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Joseph & Clifford Murphy Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Texas A&M University Texarkana ($11K).
Organizations only. It also paid 1 individual scholarship ($3,750), which are not listed by name.
Grant Size Distribution
23 grants across all recorded years
The most common grant size was under $50K: 23 grants of 23 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Joseph & Clifford Murphy Foundation gives
- Giving held roughly steady from 2022 to 2025 (−6%). Method
- In 2025 it paid out 89% 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 2020 to 2025, annual grant giving ranged from $14K (2023) to $18K (2020). In 2025 it made 2 grants totaling $15K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Texas A&M University Texarkana Texarkana, TX | Scholarship | $11,250 |
| 1 individual scholarship Recipients not named | — | $3,750 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $327,298 | $30,001 | $16,366 | $15,000 | 2 | $15,000 | $28,634 | $16,913 |
| 2024 | $313,663 | $18,835 | $18,260 | $16,000 | 4 | $16,000 | $16,618 | $15,809 |
| 2023 | $313,088 | $8,278 | $14,443 | $14,000 | 6 | $14,000 | $10,065 | $14,764 |
| 2022 | $319,253 | $14,431 | $17,468 | $16,000 | 5 | $16,000 | $12,963 | $15,007 |
| 2021 | $322,290 | $29,615 | $17,314 | $16,000 | 6 | $16,000 | $28,301 | $16,969 |
| 2020 | $309,989 | $18,371 | $19,201 | $18,000 | 6 | — | $17,170 | $15,227 |
Under IRS private-foundation payout rules, Joseph & Clifford Murphy Foundation reported a distributable amount of $17K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Joseph & Clifford Murphy Foundation is led by Lisa Fearing, President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Lisa Fearing
President
On filings since 2020
No compensation reported
Charles Nelson
Secretary
On filings since 2020
No compensation reported
Rick McMinn
Vice President
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Joseph & Clifford Murphy Foundation
How much does Joseph & Clifford Murphy Foundation give each year?
Joseph & Clifford Murphy Foundation gave $15K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $16K across 4 grants.
How large is Joseph & Clifford Murphy Foundation?
Joseph & Clifford Murphy Foundation reported $327K in total assets on its 2025 IRS Form 990-PF. It paid out $15K in qualifying distributions that year, against a required minimum of $17K (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 Joseph & Clifford Murphy Foundation?
Joseph & Clifford Murphy Foundation is a private foundation focused on Education, based in Marshall, TX. It holds $327K in total assets as of 2025.
Where does Joseph & Clifford Murphy Foundation operate?
Joseph & Clifford Murphy Foundation has awarded grants in Arkansas, California, Texas.
What is Joseph & Clifford Murphy Foundation's EIN?
Joseph & Clifford Murphy Foundation's EIN (Employer Identification Number) is 75-2359694. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 19, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 18, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 28, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 23, 2026)
- IRS filings on file for fiscal years 2020–2025
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