Knapp Medical Center Foundation Inc
Knapp Medical Center Foundation Inc is a private foundation focused on Diseases, Disorders & Medical Disciplines, based in Weslaco, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $11.6M in total assets. In 2024, it awarded 1 grant totaling $500K. Net investment income was $1.2M.
Knapp Medical Center Foundation Inc at a glance
In short: Knapp Medical Center Foundation Inc gave $500K across 1 grant in 2024 (avg $500K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $500,000
- +0.0% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $500,000
- +0.0% vs 2023
- Median grant
- $500,000
- Total assets
- $11,555,339
- +5.1% vs 2023
- Primary geography
- Texas (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Knapp Medical Center Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Knapp Medical Center ($500K).
Grant Size Distribution
6 grants across all recorded years
The most common grant size was in the $500K–1M range: 6 grants of 6 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Knapp Medical Center Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (−3%). Method
- In 2024 it paid out 92% 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 2024, annual grant giving ranged from $500K (2022) to $1.0M (2020). In 2024 it made 1 grant totaling $500K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Knapp Medical Center Weslaco, TX | Support Operations of the Family Practice Program | $500,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $11,555,339 | $1,223,483 | $567,976 | $500,000 | 1 | $500,000 | $1,187,167 | $545,710 |
| 2023 | $10,993,446 | $150,858 | $576,489 | $500,000 | 1 | $500,000 | $116,981 | $518,974 |
| 2022 | $10,162,658 | $-217,702 | $562,687 | $500,000 | 1 | $500,000 | $260,175 | $533,615 |
| 2021 | $12,401,741 | $1,617,711 | $586,645 | $515,000 | 1 | $515,000 | $1,578,293 | $573,166 |
| 2020 | $11,538,694 | $303,692 | $1,079,983 | $1,040,000 | 2 | — | $277,843 | $518,344 |
Under IRS private-foundation payout rules, Knapp Medical Center Foundation Inc reported a distributable amount of $546K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Knapp Medical Center Foundation Inc is led by Michelle Castellanos, President since 2024 (on filings since 2020); none of the 11 officers listed in 2024 report compensation.
Officers on the 2024 filing
Michelle Castellanos
President
Secretary & Treasurer → Vice President, 2023
Vice President → President, 2024
On filings since 2020
5 hrs/week
No compensation reported
Ramon Montalvo III
Director
On filings since 2020
5 hrs/week
No compensation reported
Mark Perez
Director
On filings since 2021
5 hrs/week
No compensation reported
Esperanza Garza
Director
On filings since 2022
5 hrs/week
No compensation reported
Jaime Ortiz
Director
On filings since 2023
5 hrs/week
No compensation reported
Jesse Santana
Director
On filings since 2023
5 hrs/week
No compensation reported
Michael Gonzalez
Director
On filings since 2023
5 hrs/week
No compensation reported
Daniel Lozano
Director
New on the 2024 filing
5 hrs/week
No compensation reported
Jennifer Sander
Director
New on the 2024 filing
5 hrs/week
No compensation reported
Paula Gama-Garcia
Vice President
Director → Secretary & Treasurer, 2023
Secretary & Treasurer → Vice President, 2024
On filings since 2020
5 hrs/week
No compensation reported
Nadia Medrano
Secretary & Treasurer
Director → Secretary & Treasurer, 2024
On filings since 2022
5 hrs/week
No compensation reported
Former officers (8)
- Former: Lynn Carter (2020–2023) — Director
- Former: Rudy Salinas (2020–2023) — Director
- Former: Ryan Vaughan (2020–2023) — President
- Former: Bertha Suarez (2020–2022) — Director
- Former: Nina Torkelson (2020–2022) — President
- Former: Spencer Bell (2020–2022) — Director
- Former: Micaela Alvarez (2020–2021) — Director
- Former: Ramon Gonzales (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "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 Knapp Medical Center Foundation Inc
How much does Knapp Medical Center Foundation Inc give each year?
Knapp Medical Center Foundation Inc gave $500K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $500K across 1 grant.
How large is Knapp Medical Center Foundation Inc?
Knapp Medical Center Foundation Inc reported $11.6M in total assets on its 2024 IRS Form 990-PF. It paid out $500K in qualifying distributions that year, against a required minimum of $546K (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 Knapp Medical Center Foundation Inc?
Knapp Medical Center Foundation Inc is a private foundation focused on Diseases, Disorders & Medical Disciplines, based in Weslaco, TX. It holds $11.6M in total assets as of 2024.
Where does Knapp Medical Center Foundation Inc operate?
Knapp Medical Center Foundation Inc has awarded grants in Texas.
What is Knapp Medical Center Foundation Inc's EIN?
Knapp Medical Center Foundation Inc's EIN (Employer Identification Number) is 74-2213711. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Knapp Medical Center Foundation Inc funds
Diseases, Disorders & Medical Disciplines Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Knapp Medical Center Foundation Inc's focus areas in our free grants database
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