Keb Foundation

Foundation · Grantmaker Austin, TX EIN: 26-3067241

Keb Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Austin, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $157K in total assets. In 2024, it awarded 2 grants totaling $7K. Net investment income was $4K.

Key facts about Keb Foundation

EIN: 26-3067241
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $7,100
Grants made (2024): 2
Average grant: $3,550
Median grant: $3,550
Total assets: $156,748
Primary geography: Texas (70% of itemized 2024 grant dollars)

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

How Keb Foundation gives

Giving held roughly steady from 2021 to 2024 (+6%). Method
In 2024 it paid out 95% 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 Keb Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$157K

-3.3% YoY

Annual Giving

$7K

-7.8% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$4K

-7.8% YoY

Under IRS private-foundation payout rules, Keb Foundation reported a distributable amount of $10K for 2024 — the minimum it must pay out in qualifying distributions.

About Keb 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 $5K (70%)

New Jersey $2K (30%)

Share of all 2 itemized 2024 grant dollars.

States

District of Columbia New Jersey Texas

Cities

AustinNew IpswichWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$156,748	$162,093	$165,515
Revenue	$9,020	$9,917	$5,714
Expenses	$14,365	$13,339	$14,508
Qualifying Distributions	$9,654	$9,865	$10,982
Net Investment Income	$4,363	$6,517	$2,564
Distributable Amount	$10,208	$9,263	$9,834

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 2 recipients in 2024

Grant Size Distribution

11 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Mt Olive Lutheran Church ($5,000), Our Redeemer Lutheran Church ($2,100).

Recipient	Purpose	Amount
MT OLIVE LUTHERAN CHURCH Austin, TX	GENERAL SUPPORT	$5,000
OUR REDEEMER LUTHERAN CHURCH New Ipswich, NJ	GENERAL SUPPORT	$2,100

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
Karen E Bennett	President, Treasurer, Dire	1	—
Matthew Bennett	Director	1	—
Melissa a Preston	VP, Secretary, Director	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Keb Foundation?

Keb Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Austin, TX. It holds $157K in total assets as of 2024.

How large is Keb Foundation?

As of 2024, Keb Foundation holds $157K in total assets with $9K in annual revenue. It awarded 2 grants totaling $7K in 2024.

Where does Keb Foundation operate?

Keb Foundation has awarded grants in District of Columbia, New Jersey, Texas.

What size grants does Keb Foundation award?

In 2024, Keb Foundation awarded 2 grants totaling $7K — an average of about $4K per grant, based on its IRS Form 990 filings.

How much is Keb Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Keb Foundation reported a distributable amount of $10K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.