Joseph & Clifford Murphy Foundation is a private foundation focused on Education, based in MARSHALL, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $314K in total assets. In 2024, it awarded 4 grants totaling $16K. Net investment income was $17K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$314K
+0.2% YoY
Annual Giving
$16K
+14.3% YoY
Grant Count
4
-33.3% YoY
Avg Grant Size
$4K
+71.4% YoY
Under IRS private-foundation payout rules, Joseph & Clifford Murphy Foundation reported a distributable amount of $16K for 2024 — the minimum it must pay out in qualifying distributions.
About Joseph & Clifford Murphy Foundation
Based on IRS filings
Joseph & Clifford Murphy Foundation is a private foundation focused on Education, based in MARSHALL, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $314K in total assets. In 2024, it awarded 4 grants totaling $16K. Net investment income was $17K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $313,663 | $313,088 | $319,253 |
| Revenue | $18,835 | $8,278 | $14,431 |
| Expenses | $18,260 | $14,443 | $17,468 |
| Qualifying Distributions | $16,000 | $14,000 | $16,000 |
| Net Investment Income | $16,618 | $10,065 | $12,963 |
| Distributable Amount | $15,809 | $14,764 | $15,007 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
27 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Texas AM University Texarkana ($10,000), Texas State Technical College ($2,000), North East Texas Community College ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Texas State Technical College Marshall, TX | Scholarship | $2,000 |
| North East Texas Community College Mt Pleasant, TX | Scholarship | $2,000 |
| Texas AM University Texarkana Texarkana, TX | Scholarship | $10,000 |
| Tyler Jr College Tyler, TX | Scholarship | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Lisa Fearing | President | — | — |
| Rick McMinn | Vice President | — | — |
| Charles Nelson | Secretary | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Joseph & Clifford Murphy Foundation?
Joseph & Clifford Murphy Foundation is a private foundation focused on Education, based in MARSHALL, TX. It holds $314K in total assets as of 2024.
How large is Joseph & Clifford Murphy Foundation?
As of 2024, Joseph & Clifford Murphy Foundation holds $314K in total assets with $19K in annual revenue. It awarded 4 grants totaling $16K in 2024.
Where does Joseph & Clifford Murphy Foundation operate?
Joseph & Clifford Murphy Foundation has awarded grants in Arkansas, California, Texas.
What size grants does Joseph & Clifford Murphy Foundation award?
In 2024, Joseph & Clifford Murphy Foundation awarded 4 grants totaling $16K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Joseph & Clifford Murphy Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Joseph & Clifford Murphy Foundation reported a distributable amount of $16K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Joseph & Clifford Murphy Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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