The Koonce Family Foundation is a private foundation based in Dallas, Texas, established in 2005. The foundation operates as a non-operating private trust with a focus on charitable giving primarily within the United States.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$13.1M
-3.3% YoY
Annual Giving
$1.1M
+2.8% YoY
Grant Count
41
+0.0% YoY
Avg Grant Size
$27K
+2.8% YoY
Mission & Focus Areas
The foundation's primary focus areas include:
- Religion and Christian causes
- Education
- Human Services
- Philanthropy and voluntarism
The foundation maintains a particular emphasis on Christian organizations and religious education initiatives.
Grantmaking
The foundation makes contributions only to preselected charitable organizations.
Grant Range
$1,000–$195,000
Average Grant
amount: $27,000
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Texas
- Tennessee
- California
- New York
These states account for approximately 77% of all grants. Grantmaking reaches organizations across 14 states total, with particular concentration in Texas and the Southeast.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (as of 2024):
- Total assets: $13,050,394
- Total revenues: $1,127,319
- Total expenses: $1,264,017
- Investment income and dividends: $614,494
- Grants and contributions received: $492,257
Historical Asset Growth:
- 2011: $6.3 million
- 2023: $13.5 million
- 2024: $13,050,394
Annual Giving Trends:
- 2020: $848,000
- 2023: $1.1 million
- 2024: $1,120,000
- Peak grantmaking year: 2022 with $2.4 million distributed across 82 grants
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $13,050,394 | $13,490,402 | $13,652,237 |
| Revenue | $1,127,319 | $1,398,317 | $2,315,418 |
| Expenses | $1,264,017 | $1,208,841 | $1,332,835 |
| Qualifying Distributions | $1,172,117 | $1,134,972 | $1,225,663 |
| Net Investment Income | $546,578 | $692,681 | $1,710,438 |
| Distributable Amount | $1,349,126 | $1,170,753 | $1,143,759 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
193 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- K Terry Koonce: Primary supporter of the foundation
- US Trust Co NA: Principal officer and fiduciary agent
- Bank of America N.A.: Agent for Fiduciary (compensation: $127,391 in 2024)
The foundation is governed by 7 officers and trustees.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| K TERRY KOONCE | TRUSTEE | 1 | — |
| KELLY M KOONCE | TRUSTEE | 1 | — |
| KIMBERLY KOONCE | TRUSTEE | 1 | — |
| KENNETH T KOONCE | TRUSTEE | 1 | — |
| DIANA KOONCE WALLA | TRUSTEE | 1 | — |
| RICHARD E WALLA | TRUSTEE | 1 | — |
| BANK OF AMERICA N A | AGENT FOR FIDUCIARY | 1 | $127,391 |
Recent News & Activity
Recent developments and announcements
The foundation has supported scholarship initiatives, including involvement with Koonce Scholars programs that have raised matching funds for educational institutions. The foundation has demonstrated consistent grantmaking activity with 32 grants made in the most recent reporting year.
Koonce Scholars at Marian receive $250,000 - The Business NewsSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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