Kings Foundation
Kings Foundation is a private foundation, based in Los Gatos, CA. IRS filing data is available from 2020 through 2025. In 2025, it awarded 4 grants totaling $58K.
Kings Foundation at a glance
In short: Kings Foundation gave $58K across 4 grants in 2025 (avg $14K), top state Tennessee. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $57,500
- +23.7% vs 2024
- Grants made (2025)
- 4
- -20.0% vs 2024
- Average grant
- $14,375
- +54.6% vs 2024
- Median grant
- $11,000
- Primary geography
- Tennessee (48% 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 Kings Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Amazima ($28K). Together the top 4 received $58K.
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 4 itemized grants.
Cities
How Kings Foundation gives
- Giving grew 28% from 2022 to 2025. Method
- In 2024 it paid out 151% of its IRS minimum distribution (the 5% rule). 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 $4K (2021) to $58K (2025). In 2025 it made 4 grants totaling $58K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Amazima Franklin, TN | Charitable Giving | $27,500 |
| Alpha USA Carol Stream, IL | Charitable Giving | $12,000 |
| Pepperdine University Malibu, CA | Scholastic Assistance | $10,000 |
| Kingdom Connexion Ocala, FL | Charitable Giving | $8,000 |
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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 | — | $20,896 | — | $57,500 | 4 | — | — | $32,894 |
| 2024 | $659,273 | $19,753 | $47,000 | $46,500 | 5 | $46,500 | $19,253 | $30,841 |
| 2023 | $652,393 | $58,000 | $45,755 | $44,530 | 6 | $45,755 | — | — |
| 2022 | $674,537 | — | $45,550 | $45,000 | 7 | $45,550 | — | — |
| 2021 | $720,087 | $680,000 | $4,375 | $4,000 | 1 | $4,375 | — | — |
| 2020 | $44,462 | — | $25,645 | $25,275 | 7 | — | — | — |
Under IRS private-foundation payout rules, Kings Foundation reported a distributable amount of $33K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Kings Foundation is led by Carol Wallace, President on every filing since 2020; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Carol Wallace
President
On filings since 2020
1 hr/week
No compensation reported
Daniel Burleson
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Robert Wallace
Director
On filings since 2020
1 hr/week
No compensation reported
Charity Wallace
Secretary
On filings since 2023
1 hr/week
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 Kings Foundation
How much does Kings Foundation give each year?
Kings Foundation gave $58K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $47K across 5 grants.
What is Kings Foundation's typical grant size?
Kings Foundation's median grant in 2025 was $11,000, and its average grant was $14,375, across 4 grants on its 2025 IRS Form 990-PF.
Where does Kings Foundation give grants?
Kings Foundation's top state is Tennessee, with 48% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Illinois (21%) and California (17%).
Does Kings Foundation give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on Kings Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable Giving" (3 grants).
How much is Kings Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Kings Foundation reported a distributable amount of $33K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Kings Foundation's EIN?
Kings Foundation's EIN (Employer Identification Number) is 74-2412375. 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 March 19, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 18, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 18, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 5, 2026)
- IRS filings on file for fiscal years 2020–2025
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