Kings Foundation
Kings Foundation is a private foundation, based in SAN MARCOS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $659K in total assets. In 2024, it awarded 5 grants totaling $47K. Net investment income was $19K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$659K
+1.1% YoY
Annual Giving
$47K
+4.4% YoY
Grant Count
5
-16.7% YoY
Avg Grant Size
$9K
+25.3% YoY
Under IRS private-foundation payout rules, Kings Foundation reported a distributable amount of $31K for 2024 — the minimum it must pay out in qualifying distributions.
About Kings Foundation
Based on IRS filings
Kings Foundation is a private foundation, based in SAN MARCOS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $659K in total assets. In 2024, it awarded 5 grants totaling $47K. Net investment income was $19K.
Ready to take the next step with Kings Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $659,273 | $652,393 | $674,537 |
| Revenue | $19,753 | $58,000 | — |
| Expenses | $47,000 | $45,755 | $45,550 |
| Qualifying Distributions | $46,500 | $45,755 | $45,550 |
| Net Investment Income | $19,253 | — | — |
| Distributable Amount | $30,841 | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
26 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Alpha Usa ($12,500), Church of the City ($12,000), Pepperdine University ($11,500).
| Recipient | Purpose | Amount |
|---|---|---|
| KINGDOM CONNEXION OCALA, FL | MINISTRY | $6,000 |
| PEPPERDINE UNIVERSITY MALIBU, CA | SCHOLARSHIP | $11,500 |
| PRISON FELLOWSHIP MERRIFIELD, VA | MINISTRY | $4,500 |
| ALPHA USA CAROL STREAM, IL | MINISTRY | $12,500 |
| CHURCH OF THE CITY NEW YORK, NY | MINISTRY | $12,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CAROL WALLACE | PRESIDENT | — | — |
| ROBERT WALLACE | DIRECTOR | — | — |
| CHARITY WALLACE | SECRETARY | — | — |
| DANIEL BURLESON | DIRECTOR | — | — |
Frequently Asked Questions
How large is Kings Foundation?
As of 2024, Kings Foundation holds $659K in total assets with $20K in annual revenue. It awarded 5 grants totaling $47K in 2024.
Where does Kings Foundation operate?
Kings Foundation has awarded grants in California, Florida, Illinois, New York, Tennessee, Virginia, Washington.
What size grants does Kings Foundation award?
In 2024, Kings Foundation awarded 5 grants totaling $47K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Kings Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Kings Foundation reported a distributable amount of $31K 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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Kings 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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